jayloms:
I expect a further cut on the expenditures of the presidency and the NASS.

State govts should be working with a 'worst case scenario' mentality. They don't need to be told to beef up IGR within their various states.

FG must of necessity speed up the diversification process. Agriculture is the way to go here. I really don't know why we import rice still; is our locally grown rice that bad in taste?

All these economic hardships we face at the present, clearly shows that we never envisaged a time like this. I certainly hope Nigeria does not belong to the comity of nations with NFA (no future ambitions)

EternalTruths:
Oil is not the only revenue we can trade for dollar

Buhari should entrench Fiscal federalism in order to encourage the states to exploit their resources to increase the inflow of dollars.

modath:


Still won't solve the nation's problem...like band aid on a festering gangrene sore!!

Mono export economy fa!!

The only way to solve Nigeria's problem is to have the capacity to produce What we need, start exporting some & stop depending on imports...

PassingShot:
We shall overcome.

Oil is projected to stabilize at $45 to $50 in 2016, so there won't be much additional pressure on budget deficit.

Serious diversification of the economy towards agriculture and mining is the only permanent solution to the perrenial problems we have.

PassingShot:

Experts analysis. Not mine.

joseph1832:
Em can someone kindly tell me how the crash of oil price will affect that danfo driver or that woman selling tomotoes in oshodi market or even that mechanic or that agbero collecting owo load ati owo booking in bus stops?

lielbree:
May only those who voted for this scam called change be affected by the economic hardship Nigeria is about to face!
It's their fault.

emmygzy:
which expert? Lai Mohammed? Did you heard what IMF said? They when Iran begins their own exportation, that oil might come down to 20usd per barrel.

EternalTruths:
Oil is not the only revenue we can trade for dollar

Buhari should entrench Fiscal federalism in order to encourage the states to exploit their resources to increase the inflow of dollars.

emmygzy:
which expert? Lai Mohammed? Did you heard what IMF said? They when Iran begins their own exportation, that oil might come down to 20usd per barrel.

PassingShot:
We shall overcome.

Oil is projected to stabilize at $45 to $50 in 2016, so there won't be much additional pressure on budget deficit.

Serious diversification of the economy towards agriculture and mining is the only permanent solution to the perrenial problems we have.

manutdadex:
projected? People like one make i vormit

nnachukz:
Everything about this Government is a scam. The minister of finance seems to be inexperience, why should the government peg the benchmark at $38 pb? We are already running into deficit should the budget be passed without amendment.

joseph1832:
Em can someone kindly tell me how the crash of oil price will affect that danfo driver or that woman selling tomotoes in oshodi market or even that mechanic or that agbero collecting owo load ati owo booking in bus stops?

PassingShot:

Olodo, when last did you watch CNN, BBC or Aljazeera? When last did you read Yahoo News, MSN, or even The Economist for analysis on the crude price?

lielbree:
May only those who voted for this scam called change be affected by the economic hardship Nigeria is about to face!
It's their fault.

nnachukz:
Everything about this Government is a scam. The minister of finance seems to be inexperience, why should the government peg the benchmark at $38 pb? We are already running into deficit should the budget be passed without amendment.

jayloms:
I expect a further cut on the expenditures of the presidency and the NASS.

State govts should be working with a 'worst case scenario' mentality. They don't need to be told to beef up IGR within their various states.

FG must of necessity speed up the diversification process. Agriculture is the way to go here. I really don't know why we import rice still; is our locally grown rice that bad in taste?

All these economic hardships we face at the present, clearly shows that we never envisaged a time like this. I certainly hope Nigeria does not belong to the comity of nations with NFA (no future ambitions)

PassingShot:


Oil is projected to stabilize at $45 to $50 in 2016, so there won't be much additional pressure on budget deficit.

PassingShot:
We shall overcome.

Serious diversification of the economy towards agriculture and mining is the only permanent solution to the perrenial problems we have.

Kikero112:


Well, regardless of how the government pegs it, the fact remains that oil prices are dropping....and that pretty soon we would run a deficit. (That is one of the vagaries of being a resource dependent economy.).

Already Saudi Arabia...which saved lots of money, has spent $120bn of its external crude reserves in one year.

Nigeria at any rate....even if we saved during GEJ's regime....would still have problems.

Whatever way you look at it....resource dependent countries always end up running deficit budgets once the price of the resource they are selling goes down.Even when you have saved a bunch.

hustla:



By the time you start paying 1,000 naira for where u used to enter 100 naira because naira has become useless like Zimbabwes $ , you will understand
Even Agbero no go collect 100 naira again for owo load
Tomatoes go turn 2k naira per Kilo