Lordave:
You want God to revive your economy, why didn't you vote for him in the presidential election?

doctokwus:
One cannot deny that PMB has been annoyingly slow in taking decisions and has sometimes lost a lot of momentum in the process.
Even in his famed anti corruption war,one has not really seen any considerable and well outlined plan on how the corrupt wud be taken headlong.It was the desperation of Lamorde to retain his seat that saw all the initial motion by efcc.
But one cannot only hope and bliv it will all turn out good in a few months time.

BobNeli:
Where is Socialmediaman. The Buhari's campaign wailles. Well, its obvious that the Old cattle rearer is bereft of ideas. Nigerians had the opportunity to move forward from the vissible developmental masterplan of the selfless servant. Doctor Goodluck Ebele Jonathan. But fanatism took it away from them. But dnt worry if never voted the bodyodour-alone strategist. U will not share in the calamity. We are exnonurated by our consciences.

jcmaiah:
International financial and business news giant,
Bloomberg, has expressed serious doubts on the ability of President Muhammad Buhari of Nigeria to turn around Africa’s largest economy and oil
producer.

In a scathing analysis of the over six months of Buhari in office, the news outlet concluded that the country was on a dangerous slide with investments at an all-time low,[size=18pt] the stock market rated as the third-worst performing globally within the period, and growth projected to slow to a 16-year low of 3.3 percent.....[/size]
.....“Money that flowed into stocks and bonds in the West African nation, which McKinsey & Co. says could become one of the world’s 20 biggest
economies by 2030, is now fleeing as growth prospects diminish along with oil prices.....
.......According to Bloomberg, Buhari the hefty $5.2 billion fine levied on mobile-phone operator MTN Group Ltd. Are desperate moves to shore up
government revenue outside plunging oil prices, warning that it could have dire consequences on the country’s economy.

“The penalty imposed on MTN’s Nigeria unit last month for failing to register about 5 million subscribers may be an attempt to plug the hole in
government finances, according to Cobus de Hart, an economist at NKC Independent Economists....
...“You cannot deny there might be a fiscal element to the massive fine,” he said by phone from Paarl, near Cape Town. “It will make investors a little bit more wary of investing in Nigeria.”

On the stock exchange, it noted that “Nigeria’s benchmark stock index has plunged 22 percent since reaching a year-high on April 2, the day after Buhari was declared the winner of the presidential race against incumbent Goodluck Jonathan. That’s the third-worst performance globally in the period, after the bourses in Ukraine and Egypt. The index advanced 12.5 percent in the two days after Jonathan conceded.”
It further observed that an even bigger concern for many investors is the authorities’ naira policy.

The Central Bank of Nigeria, with Buhari’s backing, has burned through $4.3 billion of reserves this year and choked off supply of foreign exchange to banks and their customers to defend the naira, even as major oil exporters such as Russia and Colombia have let their currencies
slide. The restrictions prompted JPMorgan Chase & Co. to remove Nigeria from its local-currency emerging-market bond indexes, tracked by more
than $200 billion of funds, in September, triggering a selloff in the nations’ assets.
While the naira has been all but fixed at about 198 to 199 per dollar since March, forward prices suggest it will drop by almost one-fifth, to 243.5,
in a year.

Jan Dehn, head of research at Ashmore Group Plc, which oversees almost $60 billion of emerging market assets, remains unconvinced that Buhari is up to the job. The fund manager sold all its Nigerian government debt in the past year......
......“So far the Buhari administration has done all the wrong things,” Dehn said by phone from London.
“Not only has he been incredibly slow in taking any action, when he finally has taken action on the economic front it’s been diametrically opposed to sensible policy. That is a major disappointment given expectations prior to his election.”

http://thewhistler.ng/story/bloomberg-writes-off-buhari-he-has-no-capacity-to-run-nigeria?utm_source=&utm_medium=facebook#.VlkJq-kfNWI.facebook

Bobbystanley:


When I mean a terrorist I don't mean the likes of Shekau.

He is in the same category with Osama Bin Laden.

jcmaiah:


[size=18pt]On the stock exchange, it noted that “Nigeria’s benchmark stock index has plunged 22 percent since reaching a year-high on April 2, the day
after Buhari was declared the winner of the presidential race against incumbent Goodluck Jonathan. That’s the third-worst performance globally in the period, after the bourses in Ukraine and Egypt. The index advanced 12.5 percent in the two days after Jonathan conceded.”
[/size]

Adminisher:
Bloomberg did not write off Buhari at all. This conclusion is in the parochial mind of this IGNORANT OP who has been paid to write unreasonable thrash
APC is not a socialist party.
The first country Buhari visited was the US. He has constructive working relationships with all European leaders. The same people who blame him for being pro-western also ate now calling the government socialist.

Please get serious about the problem Nigeria has. The Naira has crashed with the oil market.The FG needs to attract investments whilst ensuring that the country does not get raped again. The only way we gain from incestments is when the companies come here, pay taxes as at when due, obey our laws and pay good salaries to Nigerians.
I nternational banks raped us when we were selling oil at $114 a barrel , we now have a debt of $70bn without an indication where the money went.

I never thought I will see the day when paid articles in Bloomberg become a rating scale for Nigerian governments. That is inferiority complex on a massive scale. They also write that trash about Russia, Iran and Venezuela . Never about debt ridden Greece, Brazil and UK. Well these countries are becoming stronger by the day due to sanctions.
Let us wait for Buhari's budget for 2016 and it's reflationary programs. Nigeria should also institute a comprehensive ban on products from countries that our currency is doing badly against lime the US.
Our anti corruption drive should continue because thst is the only way Nigeria will be efficient and prosperous , the view of some US institution is completely irrelevant.
We are going to need to take some loans and the money in the world now is realky in the hands of western banks. A few infrastructure deals financed from China, GCC countries are more likely the ones we should be concentrating on.

Adminisher:
Bloomberg did not write off Buhari at all. This conclusion is in the parochial mind of this IGNORANT OP who has been paid to write unreasonable thrash
APC is not a socialist party.
The first country Buhari visited was the US. He has constructive working relationships with all European leaders. The same people who blame him for being pro-western also ate now calling the government socialist.

Please get serious about the problem Nigeria has. The Naira has crashed with the oil market.The FG needs to attract investments whilst ensuring that the country does not get raped again. The only way we gain from incestments is when the companies come here, pay taxes as at when due, obey our laws and pay good salaries to Nigerians.
I nternational banks raped us when we were selling oil at $114 a barrel , we now have a debt of $70bn without an indication where the money went.

I never thought I will see the day when paid articles in Bloomberg become a rating scale for Nigerian governments. That is inferiority complex on a massive scale. They also write that trash about Russia, Iran and Venezuela . Never about debt ridden Greece, Brazil and UK. Well these countries are becoming stronger by the day due to sanctions.
Let us wait for Buhari's budget for 2016 and it's reflationary programs. Nigeria should also institute a comprehensive ban on products from countries that our currency is doing badly against lime the US.
Our anti corruption drive should continue because thst is the only way Nigeria will be efficient and prosperous , the view of some US institution is completely irrelevant.
We are going to need to take some loans and the money in the world now is realky in the hands of western banks. A few infrastructure deals financed from China, GCC countries are more likely the ones we should be concentrating on.

bjdon:
We don't need Bloomberg or any other foreign media source to tell us what we can see with our own eyes. Buhari has no plan or strategy for the economy. He simply does not understand how the MODERN global financial system works, his mindset is set in the 70's where govt ran everything. He has not appointed a heavy weight as finance minister, so expect him to continue to make all the decisions regarding the economy. I am sorry to say Nigerians are in for a very rough time.

carnegiefan:


That is what happens when a cattle herdsman runs a $500 + Billion economy.
All the "sai baba" noisemakers in Nairaland and Facebook have all gone AWOL.
Ndi ara.

doctokwus:
One cannot deny that PMB has been annoyingly slow in taking decisions and has sometimes lost a lot of momentum in the process.
Even in his famed anti corruption war,one has not really seen any considerable and well outlined plan on how the corrupt wud be taken headlong.It was the desperation of Lamorde to retain his seat that saw all the initial motion by efcc.
But one cannot only hope and bliv it will all turn out good in a few months time.

Adminisher:
Bloomberg did not write off Buhari at all. This conclusion is in the parochial mind of this IGNORANT OP who has been paid to write unreasonable thrash
APC is not a socialist party.
The first country Buhari visited was the US. He has constructive working relationships with all European leaders. The same people who blame him for being pro-western also ate now calling the government socialist.

Please get serious about the problem Nigeria has. The Naira has crashed with the oil market.The FG needs to attract investments whilst ensuring that the country does not get raped again. The only way we gain from incestments is when the companies come here, pay taxes as at when due, obey our laws and pay good salaries to Nigerians.
I nternational banks raped us when we were selling oil at $114 a barrel , we now have a debt of $70bn without an indication where the money went.

I never thought I will see the day when paid articles in Bloomberg become a rating scale for Nigerian governments. That is inferiority complex on a massive scale. They also write that trash about Russia, Iran and Venezuela . Never about debt ridden Greece, Brazil and UK. Well these countries are becoming stronger by the day due to sanctions.
Let us wait for Buhari's budget for 2016 and it's reflationary programs. Nigeria should also institute a comprehensive ban on products from countries that our currency is doing badly against lime the US.
Our anti corruption drive should continue because thst is the only way Nigeria will be efficient and prosperous , the view of some US institution is completely irrelevant.
We are going to need to take some loans and the money in the world now is realky in the hands of western banks. A few infrastructure deals financed from China, GCC countries are more likely the ones we should be concentrating on.

Lordave:
[b]Buhari duped us- Washington Times

Nigerians are getting poorer for the first time since 1999- BusinessDay

Buhari is a düllard and cannot rule Nigeria- Bloomberg

Buhari is a Nomadic Vagabond- Sahara Reporters

I'm a poor man, my village, Daura, has no water supply- Buhari. March, 2015

With Nijeriya's $1m, I will provide South Aprika, Kenya, Angola and the rest of Aprika with Water Infrastructure- Buhari. November, 2015

We are dying of contaminated water supplies- Daura Residents. December, 2015

I've joined wailing wailers- BeremX

I'm in coma, and as such cannot comment on Political issues, Chai Buhari- Omenka

Though he has misstepped, I've resolved to remain an Abobaku to Buhari- PassingShot

We don't have light to charge our phones and keep blindly supporting Buhari- QuotaSystem and Coolitempa

I know it's Iberibe, but it's Buhari or my employers kill me- Demdem

Though I don't have a certificate, but I'm a professor in BuhariNomics. My eternal master is certificate-less too- NgeneUkwenu.

The past government didn't not tidy up the ministry of Information, it's so unkempt and dilapidated. There's no MTN network inside the building so I can't comment on the superbly -working government now- Lie Mohammed. [/b]

ehissi:
When the late President Yar adua of blessed memory became president; within a space of a month, he outlined his roadmap for Nigeria and within a space of 3 months he started marketing his economic blueprint for this nation!! The media was awash with his 7-point agenda which he marketed to all and sundry!

When president Obasanjo became president in 1999; he declared a roadmap for this nation within a space of 2 months and within 6months he had already started marketing his nation's blueprint abroad; flying and jetting off to many countries abroad!!

President Jonathan as acting president simply vowed to follow in his late bosses footsteps and declared his modified version of the 7-point agenda to be the transformation agenda after he won elections in 2011 and marketed it even until the dying days of his administration!!

What fans of APC and President Buhari don't understand especially in the face of foreign media's recent scathing criticism of The APC government now is this; President Buhari and the APC governors in strategic states like lagos have made promises that has raised hopes of both local populace and foreign prospective investors alike but in the last 7 months, there is no economic blueprint or roadmap clearly outlined to show how he intends to deliver neither is there a National policy guideline that will guide/encourage potential local and foreign investors on the roles they will need to play if they seek to invest in this populous nation!

President Buhari only promised - with his own mouth - 2 things; one of which is Zero tolerance for corruption - which foreign investors, politicians and ignorant Nigerians tout as the biggest problem of the country - and that insecurity/terrorism will end by december!!

He has also persistently insisted that it won't be business as usual in the country!!


But unfortunately, both he and the APC party are still busy campaigning and raising propaganda for governorship elections around the corner as well as the next 2019 elections forgetting that even now there is serious work to be done!! All of which is seriously affecting the political capital of this administration, home and abroad!!

The so-called zero tolerance for corruption has been tainted with propanganda with media campaign machinery of the government now claiming in social media that the nations looters are returning back stolen funds, as opposed to setting examples of them by charging them to court - a big minus for his administration!!

The only folks facing charges in courts are perceived enemies of APC and Buhari like Dasuki that arrested Buhari during the 1984 coup that forced him out of office and Saraki who no gree leave senate presidency seat for APC's anointed candidate!!

This is strange, considering that Buhari and APC titans like Oshiomole and El-rufai have consistently boasted that they were in possession of incriminating evidence that shows looters and where their loot is stashed abroad, but inspite of the fact that Buhari is in abuja; not one single looters has been brought to justice; o ma se Ooooh!!


Insecurity nko? The news is awash now with photos of serious losses on the Nigerian side with Boko haram flashing weapons that it claims it now possesses and now ISIS has been annexed in Nigeria; when you consider that ISIS is in control of all the oilfields in syria and - a multi-million natural gas plant in syria - and some oilfields in iraq and makes as much $1.5million in illegal trade daily; then the Nigerian government should sit up and stop playing politics with this insecurity issues!!

For the record, the average salary of one ISIS fighter is $320 a month while ISIS military commanders makes $1,200 a month!! Considering how economically and educationally deprived some of these northern youths are, ISIS in Nigeria is not good news!!

Plus the line-up of some of his ministers and how they emerged in the senate screening is making it the "No-business-as-usual" policy hard to believe!!

At least when Yar-adua, Jonathan and Obasanjo travelled abroad as presidents, they went marketing blueprint encouraging international prospective investors to come and take advantage of investment windows available in their National policies!!

Buhari is flying around empty handed no Blueprint; busy sharing testimony of how PDP corruption has eaten his country dry - as if he is still campaigning for election - and that he will fight corruption; meanwhile the guy fixed a rate for Dollar - evidence that trade restrictions may be in the offing if investor try to come in - and is busy lifting import ban on rice harming the recent gains of Jonathan in local rice production in Nigeria!!

I want to believe that Buhari and some few wonderful administrators in his cabinet like fashola and Kemi adeosun are planning to surprise us all with wonderful policies that will turn the nations fortunes around because now, Buhari's body language now says failure! Failure!! Failure!!!

I pray the this administration will not use politics to abuse this opportunity to bring change!!

Chubhie:
apt! LOL @ iberibe demdem.

Mentcee:
demdem is a bloody basttard. Can you imagine Thai fool.

TheGoodJoe:



The above governments did not take over from Governments preparing for Austerity measures. This present is taking over from a Government preparing for a coming crisis. So, how did people expect everything to be paradise in months?

This phase must come but we should give the present government time before judging. GEJ's reign was almost six years. You can not judge Buhari and his cabinet with months of work.

ehissi:


False!! It did; as a matter of fact I will advise you to google the history of the SWF - Sovereign wealth fund - and the SWIA and you will see that there was a clear strategy to save for the rainy day and efforts were made to deal with the illegality called "Excss crude account" created by President Obasanjo which sparked a law suit which lasted almost a decade from the Obasanjo administration to the Jonathan administration!!

Goodluck settled out of court and ended that law suit but getting governors to save within the framework of the SWF was impossible as it was politicised; making it look as though they traded one monster -excess crude account under OBJ - for another monster - Sovereign wealth fund - so Jonathan left them and was the sole operator of the SWF!!

The only state that gave a thought to saving was anambra; infact if you can google news archives, you will find out that the then governor Peter Obi, invited Nkonjo iweala to help him restructure the state ministry finance for prudence and greater efficiency!!

Today when governors are saying they can't pay #18k for minimum wage, the current governor of anambra increased salaries!!

What people fail to understand is that Nigeria's macro-economic space consists of constituent elements called states!!

Majority of them did not make any effort to save for the rainy day and were busy spending money on capital projects during the electioneering campaign at a time when oil prices where going down!!

Instead of them to approach goodluck to broker bail-out deals, they were busy using their poor financial state to build political capital accusing Jonathan of withholding their funds - which was untrue - now that Buhari is in power, they are asking for bail-out!!

Let's call a Spade a spade; even if Buhari today has an excellent roadmap for bringing Nigeria from the brink of a financial meltdown in the wake of fallen oil prices, if the governors don't complement his efforts at the state level, we will still be inserious trouble!!

The electioneering campaigns are over, let the business of governance start!! For sure, the current state of the economy requires time be given to this administration to deliver results but the challenge is that it appears that Buhari & his party are still in electioneering mode and we have already lost 7months....................

TheGoodJoe:


You can not compare a government of OBJ who had surplus to save for a rainy day to a GEJ government who did not have at all after a wastage and were preparing for a drought period.

They are not the same thing. Crude sold at almost $110 a barrel under GEJ, Buhari did not inherit anything close to what OBJ handed to GEJ.

Call a spade a spade. Debt increased under GEJ, GEJ wasted a windfall of crude sales and then handed over a government with low revenue due to crude oil price drop. Okonjo Iweala was preparing us for a drought.

A. If a father says we are making too much money and we have to start saving in case there is a problem with our revenue.

B. Is it the same as Children, there is no money. We are going to manage.

GEJ inherited A and Buhari inherited B. Not the same thing.

TheGoodJoe:



If things were perfect under GEJ, why was Ngozi Okonjo Iweala proposing Austerity measures. With or without GEJ, the tough times were on the Way.

There was no way the massive wastage of the past government will not haunt us when they were partying in Billions.

We can not fix such destruction in a few months. I am not saying you can not criticize or judge the President but do it after a year or two of his governance.

mightyhazel:
passinshit has been passin v hard stool lately.I pity him right now