In as much as am not a fan of Buhari or the Apc, I really pity the president because no matter his good intentions Nigeria would not make any progress till there is a total restructuring of the polity into a true federal structure. Currently, every geopolitical zones and tribes are struggling and competing on who can grab the highest national cake and the sooner we stopped deceiving ourselves the better. Resource control and true federalism is the way to go. Let's compete for the general good

Voodoo economics.

dBard:


Your analysis was nice tho I think you're bin a bit economical with d truth.
PMB has ruled 100+days, I.e 3 months+..that isn't counting the 2 months he was president in waiting..
That's enough time to influence/stem d decline.

I am not being economical with the truth, dear. Take it that even if the president had revealed any economic policy in the last three months, it would not have affected the figures you see in that report for the simple fact that those figures represent the first six months of the year. His new policies (had he made them known b4 now) may only have impacted in real life but the data will still not be known until around October or November.

The 2nd quarter assessment is apt, if appropriated to him.

How do you mean? He was in charge of a month out of three months. Do you think it's fair to appropriate that result to him?

Also, the inauguration of an internationally recognized/accepted leader should have caused an influx of investors and was exemplified by d upsurge in the stock markets that period, and esp on d heels of d Germany n U.S trips and this could've bin sustained.

It could have been sustained if the president chose not to clear the mess of the last govt. However, not clearing the mess would have prevented him the opportunity to know the true state of affairs in each of the ministries.

The downtrend in almost all indices of growth is worrisome n lies @ d doorstep of d current gov't.

The downward trend is surely worrisome but I repeat, they belong to the first six months of the year. And five of those months were for Jonathan's/PDP's.

Things will surely improve as soon as we have competent and credible ministers.

A temporary set back now is better than a calamity that awaited had PDP won the last election.

warrior01:
In as much as am not a fan of Buhari or the Apc, I really pity the president because no matter his good intentions Nigeria would not make any progress till there is a total restructuring of the polity into a true federal structure. Currently, every geopolitical zones and tribes are struggling and competing on who can grab the highest national cake and the sooner we stopped deceiving ourselves the better. Resource control and true federalism is the way to go. Let's compete for the general good

well that is one way to put it but how to you now balance or convince investors (mostly foreign) when the federal govt
I, has not stated its own economic policies nor constituted its own govt.
ii,it is either in a phase of reversing its earlier national policies and favours a more socialist economic style

these two alone will force a sit down look approach to Nigeria market .I.e speaking from FDI approach

towards the side of Local Manufacturing Growth.it is left for them to sieve this big window.....but the Nigerian business mentality is import based.

agricultural sector ..........hmmmmmmmmm!
these sector is hampered solely on that MANufacturing sector and petrochemical industry



Minning is mutually connected to the FDI.
so summary as long as the present govt continues its "autopilot" stance of doing nothing.it is not a good thing for Nigeria economy!

God Bless Nigeria!

Am a Nigerian, i don't think i will go into recession with Nigerian economy. Mine make 20percent profit weekly. Yes its possible.

sdindan:
Nigeria indomie generation will start blaming Jonathan
And leave their ministerless presidiot Buhari

I do hope that this govt gets tired of the blame theory and move to the "theory of practical work and dividends approach"!
the last administration has pushed the economic indicators to a positive and the economy is on an "autopilot" phase.I hope the party in fightings will not force to make a wrong decision because all it needs is to increase the gains of that administrations!

This stupid illiterate should get his acts together and form a cabinet. We all know he is an illiterate bereft of any knowledge about how to run the economy but he can seek help from his ministers when he appoints them .The earlier the better!! We can't afford to end up like Greece.

People are already dying of hunger in osun and oyo states,he better act fast before the situation further deteriorates

PassingShot:
My candid submission:

1. Given the fact that Nigeria for the first time witnessed a real/true change of government (from one party to another), it is expected that economic activities will slow down within the first few months of the new govt as it takes time to formulate a new direction. This fact is more reinforced when one considers the type of economy the new government inherited. It was an economy that the PDP/FG borrowed to pay its workers in April and May of 2015. Had PDP won, they would have continued the borrowing as crude price slides further.

2. Most of the economic performance figures given in this analysis were for the first two quarters of 2015 which are Jan, Feb, March, April, May and June. Of those six months, Jonathan was in charge for five months. So, if any blame is due for apportioning, it is to GEJ's government.

3. There is surely brighter future for Nigeria given that the new government has shown capacity to block avenues for leakages and wastages as seen with past governments. It is such efforts that have increased our foreign reserves from $29 billion left by GEJ (he met $47.7bn) to above $32bn in just after two months of PMB. It's same efforts that have increased states' and federal allocations for two consecutive months in June and July.

4. As we restructure NNPC and look more in other directions such as mining, improved IGR and farming, our dependence on crude oil which has brought this glooming economic picture will reduce in the coming years; and Nigeria shall return to better outlook.

5. With reduced corrupt business environment, investors' confidence will improve and Nigerian economy will soon start to pick up especially with the incoming new cabinet ministers in this month.






You all represent proof of poor education. Waiting for your usual insults. I am immune to them.

Nope you're an illiterate body language analyser

you represent a typical coconut head Buhari supporter

illiterate bastard body language analyser

you know nothing mr man

forming barcanista but i no fit you
go and sidan for gutter
mugu.

oya tell us more about Buhari's body language

PassingShot:

I am not being economical with the truth, dear. Take it that even if the president had revealed any economic policy in the last three months, it would not have affected the figures you see in that report for the simple fact that those figures represent the first six months of the year. His new policies (had he made them known b4 now) may only have impacted in real life but the data will still not be known until around October or November.


How do you mean? He was in charge of a month out of three months. Do you think it's fair to appropriate that result to him?


It could have been sustained if the president chose not to clear the mess of the last govt. However, not clearing the mess would have prevented him the opportunity to know the true state of affairs in each of the ministries.


The downward trend is surely worrisome but I repeat, they belong to the first six months of the year. And five of those months were for Jonathan's/PDP's.

Things will surely improve as soon as we have competent and credible ministers.

A temporary set back now is better than a calamity that awaited had PDP won the last election.

Buhari is a typical Daura dullard that does not know how 21st century politics work so defending him will be proving to the world that you're an illiterate working for a stipend pay per post.

we are still waiting for Buhari’s body language to change the economy just like you normally say.

illiterate bastard beast forming intellectual

even musiwa is more political analyser than your misreable self.


no sane person takes you and your body language analysis serious

Manufacturers, the engine of any economy, are either planning on laying off staff or closing down due to inability to import raw materials and equipment. This is due to new FOREX policy of the CBN under THIS Government. L/C (Letters of Credit) which is the only outlet available to pay foreign suppliers is almost impossible because of what CBN calls "scarcity of Dollars"!
For a consuming nation like ours which imports everything and produces nothing except crude (which we can't even refine successfully), shouldn't THIS Government give priority to manufacturers wishing to import raw materials and equipment?.
An economic team should be set up immediately. What is he waiting for?

PassingShot:
My candid submission:

1. Given the fact that Nigeria for the first time witnessed a real/true change of government (from one party to another), it is expected that economic activities will slow down within the first few months of the new govt as it takes time to formulate a new direction. This fact is more reinforced when one considers the type of economy the new government inherited. It was an economy that the PDP/FG borrowed to pay its workers in April and May of 2015. Had PDP won, they would have continued the borrowing as crude price slides further.

2. Most of the economic performance figures given in this analysis were for the first two quarters of 2015 which are Jan, Feb, March, April, May and June. Of those six months, Jonathan was in charge for five months. So, if any blame is due for apportioning, it is to GEJ's government.

3. There is surely brighter future for Nigeria given that the new government has shown capacity to block avenues for leakages and wastages as seen with past governments. It is such efforts that have increased our foreign reserves from $29 billion left by GEJ (he met $47.7bn) to above $32bn in just after two months of PMB. It's same efforts that have increased states' and federal allocations for two consecutive months in June and July.

4. As we restructure NNPC and look more in other directions such as mining, improved IGR and farming, our dependence on crude oil which has brought this glooming economic picture will reduce in the coming years; and Nigeria shall return to better outlook.

5. With reduced corrupt business environment, investors' confidence will improve and Nigerian economy will soon start to pick up especially with the incoming new cabinet ministers in this month.






You all represent proof of poor education. Waiting for your usual insults. I am immune to them.

playahata:
Manufacturers, the engine of any economy, are either planning on laying off staff or closing down due to inability to import raw materials and equipment. This is due to new FOREX policy of the CBN under THIS Government. L/C (Letters of Credit) which is the only outlet available to pay foreign suppliers is almost impossible because of what CBN calls "scarcity of Dollars"!
For a consuming nation like ours which imports everything and produces nothing except crude (which we can't even refine successfully), shouldn't THIS Government give priority to manufacturers wishing to import raw materials and equipment?.
An economic team should be set up immediately. What is he waiting for?

Tell us more, with evidence of your claim.

GenbIoodykiller:


Buhari is a typical Daura dullard that does not know how 21st century politics work so defending him will be proving to the world that you're an illiterate working for a stipend pay per post.

we are still waiting for Buhari’s body language to change the economy just like you normally say.

illiterate bastard beast forming intellectual

even musiwa is more political analyser than your misreable self.


no sane person takes you and your body language analysis serious

Chai bros you de vexoo. Make you pity passingshit he is trying to see if he can match up to Barcanista

[s]

GenbIoodykiller:

Buhari is a typical Daura dullard that does not know how 21st century politics work so defending him will be proving to the world that you're an illiterate working for a stipend pay per post.
we are still waiting for Buhari’s body language to change the economy just like you normally say.
illiterate bastard beast forming intellectual
even musiwa is more political analyser than your misreable self.
no sane person takes you and your body language analysis serious

GenbIoodykiller:

Nope you're an illiterate body language analyser
you represent a typical coconut head Buhari supporter
illiterate bastard body language analyser
you know nothing mr man
forming barcanista but i no fit you
go and sidan for gutter
mugu.
oya tell us more about Buhari's body language

[/s]

PassingShot:

Tell us more, with evidence of your claim.

Seriously I don't believe someone is saying this? Even if you are not in the manufacturing industry, you should have at least heard about it from friends!!! Manufacturing companies are really suffering!! Prices of raw materials are increasing and they cannot increase the prices of their products

PassingShot:
My candid submission:

1. Given the fact that Nigeria for the first time witnessed a real/true change of government (from one party to another), it is expected that economic activities will slow down within the first few months of the new govt as it takes time to formulate a new direction. This fact is more reinforced when one considers the type of economy the new government inherited. It was an economy that the PDP/FG borrowed to pay its workers in April and May of 2015. Had PDP won, they would have continued the borrowing as crude price slides further.

2. Most of the economic performance figures given in this analysis were for the first two quarters of 2015 which are Jan, Feb, March, April, May and June. Of those six months, Jonathan was in charge for five months. So, if any blame is due for apportioning, it is to GEJ's government.

3. There is surely brighter future for Nigeria given that the new government has shown capacity to block avenues for leakages and wastages as seen with past governments. It is such efforts that have increased our foreign reserves from $29 billion left by GEJ (he met $47.7bn) to above $32bn in just after two months of PMB. It's same efforts that have increased states' and federal allocations for two consecutive months in June and July.

4. As we restructure NNPC and look more in other directions such as mining, improved IGR and farming, our dependence on crude oil which has brought this glooming economic picture will reduce in the coming years; and Nigeria shall return to better outlook.

5. With reduced corrupt business environment, investors' confidence will improve and Nigerian economy will soon start to pick up especially with the incoming new cabinet ministers in this month.






You all represent proof of poor education. Waiting for your usual insults. I am immune to them.

your signature hmm

PassingShot:

hahahahaha you'll have a lot to cancel because i don open your chapter

Hopless illiterate forming elite

chukwudi44:

Seriously I don't believe someone is saying this? Even if you are not in the manufacturing industry, you should have at least heard about it from friends!!! Manufacturing companies are really suffering!! Prices of raw materials are increasing and they cannot increase the prices of their products

I don't listen to hearsay and I have not heard such news. Back up your claim with facts and figures. Is that too much to ask?

[s]

GenbIoodykiller:


hahahahaha you'll have a lot to cancel because i don open your chapter

Hopless illiterate forming elite

[/s]

chukwudi44:

Chai bros you de vexoo. Make you pity passingshit he is trying to see if he can match up to Barcanista

passingshot is a bastard illiterate that doesn't know jack his only analysis is body language theorem.

PassingShot:
am a block head that only knows how Buhari’s body language moves am a dunce

In as much as some people will want us to believe this is GEJ's fault, Jonathan is no longer in charge, Buhari is. And his inability to form a cabinet months after he was sworn in as seriously affecting the economy. Most foreign investors are wary as they don't know the economic direction of the present administration. No one knows where we are headed. And people can't afford to put their money in a country where they are not sure of.

PassingShot:

I don't listen to hearsay and I have not heard such news. Back up your claim with facts and figures. Is that too much to ask?

Ode back up with figures? Don't you know raw materials are imported with the dollar currency? How have the naira fared against the dollar in recent times? What other figure do you need?

[s]

GenbIoodykiller:

[/s]

chukwudi44:

Ode back up with figures? Don't you know raw materials are imported with the dollar currency? How have the naira fared against the dollar in recent times? What other figure do you need?

Go back to school. Got no time for dolt who doesn't know that Jona left Naira at N235 to a dollar.

[s]

GenbIoodykiller:


passingshot is a bastard illiterate that doesn't know jack his only analysis is body language theorem.

[/s]

PassingShot:
MizMyColi Buhari's body language will fix the economy that's all I know about this country's politics. am trying to be the next barcanista but the problem is that am a coconut head that knows nothing.

PassingShot:

Go back to school. Got no time for dolt who doesn't know that Jona left Naira at N235 to a dollar.

Olodo the naira was N 190 against the dollar on May 29 2015

.God will turn the situation around

in other news,order your football jerseys
https://www.nairaland.com/2447345/2015-2016-new-jerseys-available/3

chukwudi44:

Olodo the naira was N 190 against the dollar on May 29 2015

Google is your friend, the unintelligent one.

PassingShot:
My candid submission:

1. Given the fact that Nigeria for the first time witnessed a real/true change of government (from one party to another), it is expected that economic activities will slow down within the first few months of the new govt as it takes time to formulate a new direction. This fact is more reinforced when one considers the type of economy the new government inherited. It was an economy that the PDP/FG borrowed to pay its workers in April and May of 2015. Had PDP won, they would have continued the borrowing as crude price slides further.

2. Most of the economic performance figures given in this analysis were for the first two quarters of 2015 which are Jan, Feb, March, April, May and June. Of those six months, Jonathan was in charge for five months. So, if any blame is due for apportioning, it is to GEJ's government.

3. There is surely brighter future for Nigeria given that the new government has shown capacity to block avenues for leakages and wastages as seen with past governments. It is such efforts that have increased our foreign reserves from $29 billion left by GEJ (he met $47.7bn) to above $32bn in just after two months of PMB. It's same efforts that have increased states' and federal allocations for two consecutive months in June and July.

4. As we restructure NNPC and look more in other directions such as mining, improved IGR and farming, our dependence on crude oil which has brought this glooming economic picture will reduce in the coming years; and Nigeria shall return to better outlook.

5. With reduced corrupt business environment, investors' confidence will improve and Nigerian economy will soon start to pick up especially with the incoming new cabinet ministers in this month.






You all represent proof of poor education. Waiting for your usual insults. I am immune to them.

I swear you remind me so much of squealer from animal farm...Lmao