Cjrane2:
[size=13pt]Chai, from Changii to recession ba?

Diaris God ooo!

Why can't the dulllard accept that he needs a smart economist to run the country?
Person that can't pass Junior high school wants to do complex economic calculations and projection?

Chai, the kwantry called Naigeria has had it.[/size]

in Korede Bello's voice,, Na GODWIN....

Born-troway!

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

He was described in the book to be an effective and very convincing orator.

PassingShot:
Buhari's body language will fix this problem

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.

Guy, it's not any blockage of leakages that increased our foreign reserves. It's a result of CBN's stringent policy on Foreign Exchange, which is terribly affecting businesses in this nation.
If someone has a terrible trauma on his limb and you give him anaesthesia so that the pain goes out completely, it doesn't mean the person has been treated.

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.

You are totally on point.

People always view things with a myopic sight. Buhari was essentially not part of the first 2 quarters of the year. This is result of the past and not the present.

When he came on board and said records were bad, accounts were empty, etc . The Satanists were shouting but this is the result of that. PDP was ready to destroy Nigeria but God was faster and wiser.

PassingShot:

He was described in the book to be an effective and very convincing orator.

Sharap

ILIDEFI:


Guy, it's not any blockage of leakages that increased our foreign reserves. It's a result if CBN's stringent policy on Foreign Exchange, which is terribly affecting businesses in this nation.
If someone has a terrible trauma on his limb and you give him anaesthesia so that the pain goes out completely, it doesn't mean the person has been treated.

On the increase in FR, Emefiele said: “I must use this opportunity to commend the efforts of President Muhammadu Buhari for his dogged approach in seeing that all loopholes are blocked." http://www.thisdaylive.com/articles/emefiele-nigeria-s-external-reserves-now-31-89-billion/214192/

Educate yourself please.

What's with the sensational headline if they are somewhat projecting a relatively low growth forecast which is by far as a direct result of the low oil prices?

We will only slip into recession if we have 2 consecutive negative growth recorded for financial quarters.

The report makes no sense though since most major economies are also in a comparable low digit projected growth

For with God NOTHING shall be IMPOSSIBLE. Luke 1:37.
Lets support the present government to succeed, the success of our country is our collective responsibilities and benefits.
May our country never go into recession in Jesus name, amen.

BlackrulesDworld:
Everything is just declining under this dullard. Never expect a miracle from a dullard.

And you are smatter yet not a councilor in you locality?? learn to give respect...........do u even understand wat d man was talking about

zicoraads:
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.

I also believe the states can force the fg to make a coerced action towards economic growth most especially the southern States but their instability and inter rivalry is a problem.if not the States can push regional growth to double digits by mid December 2015

chukwudi44:
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

How is that even possible for us to end up like Greece?

[s]

GenbIoodykiller:


Sharap

[/s]

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

What % of our rebased GDP and forecasted growth is attributed to the manufacturing sector?

OlaSpeaker:

And you are smatter yet not a councilor in you locality?? learn to give respect...........do u even understand wat d man was talking about

If you have interest in becoming s politician, just dabble straight into it.
You dont neeed to bring me in!

PassingShot:

On the increase in FR, Emefiele said: “I must use this opportunity to commend the efforts of President Muhammadu Buhari for his dogged approach in seeing that all loopholes are blocked." http://www.thisdaylive.com/articles/emefiele-nigeria-s-external-reserves-now-31-89-billion/214192/

Educate yourself please.

Of all things he listed, it was only the political statement he made that was important to you. If I ask you the loopholes in particular that were blocked which caused that increase in our foreign reserves, you obviously can't say.

Meanwhile, read this excerpt from the same link:

"According to him, recent measures by the central bank would help reposition the economy for the next phase of growth and development.

Emefiele listed these measures to include among others, the further tightening of monetary policy; closure of the official foreign exchange window; review of operators’ Net Open Position (NOP); placement of 72-hour limit on FX utilisation; and ban on selected items from access to foreign exchange in either the interbank or BDC markets."

there have to be pain before gain if the economy was so good before PMB was sworn in on 29may why did the former administration borrowed money to pay salary. enough of all these analysis if the economy is depreciating send ypur report to the President in aso rock that is your duty as a watchman

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

bros u wicked @ presidiot

MizMyColi:


cc: Obinoscopy Lalasticlala[/font]

MizMyColim,if you didnt noticed till now....the ol world is in recession.....i dont know why you think nigeria should be out of the norm....american empire is falling apart as we speak,(china and russia are smelling blood)....europe is in big trouble(extrem amount of refugees are flushing europe)....russsia is very worried(they dont understand all this theatralics)...china want to get free,of the clutches of the west(but they risk extrem revolts at home).....the ol world is in panic...................

ILIDEFI:


Of all things he listed, it was only the political statement he made that was important to you. If I ask you the loopholes in particular that were blocked which caused that increase in our foreign reserves, you obviously can't say.

Meanwhile, read this excerpt from the same link:

"According to him, recent measures by the central bank would help reposition the economy for the next phase of growth and development.

Emefiele listed these measures to include among others, the further tightening of monetary policy; closure of the official foreign exchange window; review of operators’ Net Open Position (NOP); placement of 72-hour limit on FX utilisation; and ban on selected items from access to foreign exchange in either the interbank or BDC markets."

And who is ultimately responsible for the CBN's action. Will Emefiele have been able to ban any item from accessing foreign exchange without the approval of the president?

TANoids and common sense = Words and opposite

Ova to BUHARI!!!!
100 days A DUNCE!!!!

jaybee3:


How is that even possible for us to end up like Greece?

Nigeria economy and Greece are two mutually and constantly different economies.
Greece submitted its economy to European control in exchange for loans(it did not work out in the long run because it no longer had money)
Nigeria is totally different.it is in control of its own money but it is fighting against the forces of external economic influence.this means NIGERIA HAS A CHOICE TO EITHER REMAIN NUETRAL OR TO WIN.
so it is either the govt starts expressing itself to win or it continues to be neutral but it won't hit recession.

PassingShot:

And who is ultimately responsible for the CBN's action. Will Emefiele have been able to ban any item from accessing foreign exchange without the approval of the president?

TANoids and common sense = Words and opposite

So it isn't all about blockage of loop holes again?
And what commonsense are you talking about? Did I alienate Buhari's government from the rise in our foreign reserves?
Do you even reason at all? Can you argue or discuss intelligently without using abusive words?

.

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

Illiteracy, indeed, is a disease

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 first point is contradictory.

Nigeria witnessed its first true democratic change of government which made the world excited because they believed that Nigeria had attained a level of political stability.

It is a big advantage not a disadvantage for a developing economy.
Buhari failed to take advantage of that by not acting swiftly to put economic policies in place.
Oil prices have been on the decline but that was not a veritable excuse for Jonathan so it shouldn't be for Buhari.
Besides he knew (supposedly) the challenges he would be facing and still went ahead to make all the far fetched promises he did.


It is now very obvious that Buhari never had a clue what it would take to turn the nation around.

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.

Point taken...but don't forget also the forecast for the remaining quarters which if it's anything to go by, doesn't reflect confidence of both the international community and investors in the government.. and they appear quite bleak to the populace.
The increasing government involvement in the economic and financial systems, a fallout of the 'anti-corruption' stance, is another thing. It'll be seen as inimical to the free market environment necessary for business growth. These might be responsible f d dark clouds forecasters are seeing.

PMB isn't going to be able to continue the way he's bin going. The earlier an economic team is put in place, the better.

Nigeria has been in economic recession since, so this is no news....its not like the Nigerian economy was good before.

dBard:


Point taken...but don't forget also the forecast for the remaining quarters which if it's anything to go by, doesn't reflect confidence of both the international community and investors in the government.. and they appear quite bleak to the populace.
The increasing government involvement in the economic and financial systems, a fallout of the 'anti-corruption' stance, is another thing. It'll be seen as inimical to the free market environment necessary for business growth. These might be responsible f d dark clouds forecasters are seeing.

PMB isn't going to be able to continue the way he's bin going. The earlier an economic team is put in place, the better.

But we already know that the economic team is almost here. It will come this month if not next week.

I repeat that we are in better position than we would have been had GEJ won. We may never know what we were saved by removing PDP.

Can anyone explain how we would have survived given that loans were taken just to pay government workers in March and April?

The situation was very bad. It is now bad but the future is promising.

eaglechild:

Your first point is contradictory.

Nigeria witnessed its first true democratic change of government which made the world excited because they believed that Nigeria had attained a level of political stability.

It is a big advantage not a disadvantage for a developing economy.
Buhari failed to take advantage of that by not acting swiftly to put economic policies in place.
Oil prices have been on the decline but that was not a veritable excuse for Jonathan so it shouldn't be for Buhari.
Besides he knew (supposedly) the challenges he would be facing and still went ahead to make all the far fetched promises he did.


It is now very obvious that Buhari never had a clue what it would take to turn the nation around.

Your first point is the same thing I was saying.
It was a big advantage that should have been taken.. an opportunity we allowed pass us by....and investors are watching and taking notes. The confidence isn't there anymore n dey won't watch forever.

eaglechild:

Your first point is contradictory.

Nigeria witnessed its first true democratic change of government which made the world excited because they believed that Nigeria had attained a level of political stability.

It is a big advantage not a disadvantage for a developing economy.
Buhari failed to take advantage of that by not acting swiftly to put economic policies in place.
Oil prices have been on the decline but that was not a veritable excuse for Jonathan so it shouldn't be for Buhari.
Besides he knew (supposedly) the challenges he would be facing and still went ahead to make all the far fetched promises he did.


It is now very obvious that Buhari never had a clue what it would take to turn the nation around.

as i always said...buhari is a warrior,not an economic...it will realy wonder me if he were good at both....nobody is good in everything....and the economic people,that should be helping him,are extremly corrupt....so what do you want buhari to do??....