Jokay07:
Anybody that is blaming Buhari for this economic woe is a chronic dullard crowned with the spirit of cluelessness.

Jokay07:
Anybody that is blaming Buhari for this economic woe is a chronic dullard crowned with the spirit of cluelessness.

Jokay07:
Anybody that is blaming Buhari for this economic woe is a chronic dullard crowned with the spirit of cluelessness.

olawalepopoola:
I have patiently studied trendsn posts and comments on Nairaland. Most people here seems to rain abuses on Mohammodu Buhari for his economic style! The yorubas have a wise saying that goes thus "ti omode subu, yio boju weyin, be agba ba subu, yio wo iwaju" meaning "if a young person falls down, he will look at the back, if an elderly person likewise falls down he will look forward"
The interpretation of this is that we Nigerians (as far as I am concerned a young nation compared to the likes of UK, USA, Russia, Germany etc) must look back and ask questions that needed to be really and genuinely answered by those concerned.
We have continually blame our economic woes on President Mohammodu Buhari style of leadership. However I would like put forward the following questions to anyone that cares:
1. How much was a barrel of oil sold as of January 1st, 2014 until GEJ left government.
2. How much did we save during those days of surplus.
3. How much did PMB met the sale of oil
4. Did the crushing of Naira against Dollars started during PMB's regime.
5. Did we ever challenged our government to tell us how much was in our coffers during GEJ's government.
These and many other questions must be asked before we begin to blame Buhari for our economic misfortunes.
Joseph was the governor general in Egypt in the bible and there was seven (7) years of surplus. 6 years in the case of Ebele Jonathan. While Joseph saved for the days of recession, Jonathan was busy sharing the lots and jeopardising the future of our unborn children! #dasukigate.
This is just my personal view!

Jokay07:
Anybody that is blaming Buhari for this economic woe is a chronic dullard crowned with the spirit of cluelessness.

olawalepopoola:

My brother that person is the most foolish person!

Okonjo-Iweala’s austerity measures
http://thenationonlineng.net/okonjo-iwealas-austerity-measures/

With just N11 billion approved by Nigeria’s Federal Ministry of Finance as the 2015 budget proposal the Federal Ministry of Works, Nigerians must not expect the Federal Government to embark on major infrastructures in the year 2015 if the budget is so passed.

The Ministry of Works had made a proposal of N100 billion as its budget for the year, but this was brought down to N11 billion or 19 percent by the Finance Ministry headed by Dr. Ngozi Okonjo-Iweala, the Coordinating Minister of the Economy.

With this, only 33 road projects have provisions in the proposal out of a total number of 210 ongoing road projects.
http://thenewsnigeria.com.ng/2015/03/2015-budget-why-federal-ministry-of-works-will-perform-poorly/

FG Cuts 2015 Capital Budget By Half, Says DG Budget
http://economicconfidential.com/fg-cuts-2015-capital-budget-by-half-says-dg-budget/

Oil price fall: FG slashes 2015 budget by N581bn
http://www.mynewswatchtimesng.com/oil-price-fall-fg-slashes-2015-budget-n581bn/

EXCLUSIVE-Nigeria slashes 2015 budget as oil price slump bites
http://in.reuters.com/article/2015/02/04/nigeria-budget-idINL6N0VD4UB20150204

Budget: FG slashes projected oil revenue by N1tn
http://businessnews.com.ng/2014/12/25/budget-fg-slashes-projected-oil-revenue-n1tn/

The document, seen by Reuters, puts capital expenditure at N387 billion or 8.9 per cent of total spending of N4.357 trillion.
This is a significant drop from the 2014 spending plans, when capital expenditure (capex) accounted for 23.7 per cent of projected government outlays.
http://www.thisdaylive.com/articles/again-fg-cuts-2015-capital-spending-as-oil-price-slump-bites/201045/

Gbawe:
God bless you OP and may he shower an abundance of blessing unto you and yours going into the new year and beyond. One has to praise the Nigerians, like you, with the clarity of vision to see what is actually going on while also understanding what must be done to rescue our nation from the 16 year 'black hole' the PDP has sunk her in. PDP has led since 1999 yet where are the 'rainy day' buffers , now that oil is selling for around $35.00 per barrel under Buhari, when oil sold for over $100.00 per barrel for most of the 5 years GEJ was President? Where is the diversified and robustly flexible economy the PDP had 16 years to deliver? What is the fate of the SME (small to medium enterprise) sector that is the lifeblood of the most developed economies in the world? In fact the SME completely disintegrated under the PDP !!! We must also ask why the PDP, over 16 long years , has failed to provide the constant power and robust infrastructure every adult worldwide understand is a critical requirement for the robust and sustainable socio-economic growth of Nigeria.

This is the hand Buhari and the APC have been dealt and anyone expecting a miracle in a few months is simply an unrealistic and highly simplistic individual who has no space in their thinking for facts and the reality of what Nigeria is facing.

Like I tell my friends, Nigeria is facing worse than the credit crunch depression that crippled the economies of many western nations to the extent even leading and exemplary economies like the UK are only finding their feet today many years after the credit crunch and with economic stimulus measures such as keeping interest rates at an all time low of 0.5% for more than 6 years !!!!!!!

It would be better if some Nigerians take time educate themselves about the problems we face, courtesy of the mismanagement and corruption of the PDP, instead of constituting themselves into a menace and a headache for the Buhari government,. All. hands are needed on deck because this is what is required for the extent of the damage done by the PDP. The moment some Nigerians accept that we are in a serious economic downturn, albeit man-made, that is the moment they will understand they must be a part of the solution instead of making themselves a part of the problem with the ignorant and baseless demand for a miracle in a few months when the national income, diversified economy, strong SME contribution et al is simply not available to spur the sort of economic growth and well-being some want to see. When jobs were not created at a time we sold oil, which is responsible for 80% of our national income, at $110.00 per barrel is it now that oil is selling for $35.00 per barrel that employment will be booming? Nigerians need to think deeper, accept reality and make realistic demands.

Gbawe:
God bless you OP and may he shower an abundance of blessing unto you and yours going into the new year and beyond. One has to praise the Nigerians, like you, with the clarity of vision to see what is actually going on while also understanding what must be done to rescue our nation from the 16 year 'black hole' the PDP has sunk her in. PDP has led since 1999 yet where are the 'rainy day' buffers , now that oil is selling for around $35.00 per barrel under Buhari, when oil sold for over $100.00 per barrel for most of the 5 years GEJ was President? Where is the diversified and robustly flexible economy the PDP had 16 years to deliver? What is the fate of the SME (small to medium enterprise) sector that is the lifeblood of the most developed economies in the world? In fact the SME completely disintegrated under the PDP !!! We must also ask why the PDP, over 16 long years , has failed to provide the constant power and robust infrastructure every adult worldwide understand is a critical requirement for the robust and sustainable socio-economic growth of Nigeria.

This is the hand Buhari and the APC have been dealt and anyone expecting a miracle in a few months is simply an unrealistic and highly simplistic individual who has no space in their thinking for facts and the reality of what Nigeria is facing.

Like I tell my friends, Nigeria is facing worse than the credit crunch depression that crippled the economies of many western nations to the extent even leading and exemplary economies like the UK are only finding their feet today many years after the credit crunch and with economic stimulus measures such as keeping interest rates at an all time low of 0.5% for more than 6 years !!!!!!!

It would be better if some Nigerians take time educate themselves about the problems we face, courtesy of the mismanagement and corruption of the PDP, instead of constituting themselves into a menace and a headache for the Buhari government,. All. hands are needed on deck because this is what is required for the extent of the damage done by the PDP. The moment some Nigerians accept that we are in a serious economic downturn, albeit man-made, that is the moment they will understand they must be a part of the solution instead of making themselves a part of the problem with the ignorant and baseless demand for a miracle in a few months when the national income, diversified economy, strong SME contribution et al is simply not available to spur the sort of economic growth and well-being some want to see. When jobs were not created at a time we sold oil, which is responsible for 80% of our national income, at $110.00 per barrel is it now that oil is selling for $35.00 per barrel that employment will be booming? Nigerians need to think deeper, accept reality and make incrementally realistic demands.

Gbawe:
God bless you OP and may he shower an abundance of blessing unto you and yours going into the new year and beyond. One has to praise the Nigerians, like you, with the clarity of vision to see what is actually going on while also understanding what must be done to rescue our nation from the 16 year 'black hole' the PDP has sunk her in. PDP has led since 1999 yet where are the 'rainy day' buffers , now that oil is selling for around $35.00 per barrel under Buhari, when oil sold for over $100.00 per barrel for most of the 5 years GEJ was President? Where is the diversified and robustly flexible economy the PDP had 16 years to deliver? What is the fate of the SME (small to medium enterprise) sector that is the lifeblood of the most developed economies in the world? In fact the SME completely disintegrated under the PDP !!! We must also ask why the PDP, over 16 long years , has failed to provide the constant power and robust infrastructure every adult worldwide understand is a critical requirement for the robust and sustainable socio-economic growth of Nigeria.

This is the hand Buhari and the APC have been dealt and anyone expecting a miracle in a few months is simply an unrealistic and highly simplistic individual who makes no allowance in their thinking for facts and the reality of what Nigeria is facing.

Like I tell my friends, Nigeria is facing worse than the credit crunch depression that crippled the economies of many western nations to the extent even leading and exemplary economies like the UK are only finding their feet today many years after the credit crunch and with economic stimulus measures such as keeping interest rates at an all time low of 0.5% for more than 6 years !!!!!!!

It would be better if some Nigerians take time educate themselves about the problems we face, courtesy of the mismanagement and corruption of the PDP, instead of constituting themselves into a menace and a headache for the Buhari government,. All. hands are needed on deck because this is what is required for the extent of the damage done by the PDP. The moment some Nigerians accept that we are in a serious economic downturn, albeit man-made, that is the moment they will understand they must be a part of the solution instead of making themselves a part of the problem with the ignorant and baseless demand for a miracle in a few months when the national income, diversified economy, strong SME contribution et al is simply not available to spur the sort of economic growth and well-being some want to see. When jobs were not created at a time we sold oil, which is responsible for 80% of our national income, at $110.00 per barrel is it now that oil is selling for $35.00 per barrel that employment will be booming? Nigerians need to think deeper, accept reality and make incrementally realistic demands.

vincent10:
when fash and amaechi were dragging and hurling insult at gej for saving for the raining days like this you were sleeping. always blaming your failures on gej.

porka:


Your submissions above have no basis in fact.

From every known record available, SMEs witnessed tremendous growth in the last 16 years than any time in the history of Nigeria.

Records also indicate that there was significant growth in middle class in Nigeria in the last 16 years.