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Stats: 2,277,302 members, 4,990,797 topics. Date: Thursday, 20 June 2019 at 08:12 AM
|Nigeria's Economy To Grow By 3.78% by UrennaNkoli(f): 1:59pm On Feb 05, 2016|
|Re: Nigeria's Economy To Grow By 3.78% by TippyTop(m): 2:03pm On Feb 05, 2016|
Not with Buhari in charge it won't. Did he grow his own business since getting sacked in '85?
|Re: Nigeria's Economy To Grow By 3.78% by sdindan: 2:04pm On Feb 05, 2016|
Wake me up when it comes to reality.
|Re: Nigeria's Economy To Grow By 3.78% by veraponpo(m): 2:04pm On Feb 05, 2016|
It might even be more. We now have a government that operates in reality.
OBJ, Yar adua and GEJ operated with oil money. The only one among them that can be praised is OBJ who:
Paid our debts $12b
He saved $45b in foreign reserve
He had over $20b in excess crude oil account
He constructed Abuja stadium with oil-swap agreement
He got debt forgives of $18b
The worst among them is Jonathan who finished everything despite making the highest revenue.
Buhari will build this economy through diversification. It can only get better, we have seen the worst already under Mr Fortunato de infinitive buffon or what did they call him last week?
|Re: Nigeria's Economy To Grow By 3.78% by jmichlins(m): 2:04pm On Feb 05, 2016|
We are the most optimistic set of people on earth. even in face of difficulties we have faith of better tomorrow. To all the patriots out there your hustles are already blessed. Amen
|Re: Nigeria's Economy To Grow By 3.78% by daniska3yaro(m): 2:05pm On Feb 05, 2016|
|Re: Nigeria's Economy To Grow By 3.78% by OyeniyiLeke: 2:07pm On Feb 05, 2016|
This will be a very serious blow to our IPOB brothers
Serious shock to the system
God bless Buhari and Nigeria
|Re: Nigeria's Economy To Grow By 3.78% by Mynd44: 2:09pm On Feb 05, 2016|
Reduction in growth rate… better than reccession
|Re: Nigeria's Economy To Grow By 3.78% by baralatie(m): 2:20pm On Feb 05, 2016|
jmichlins:That is exactly what this presentation is all about OPTIMISM,OPTIMISM and not about the crude action of govt but the budget forecast is 3.0- 3.6%(marginal).
Before the wicked goats surrounding the presidency got exposed and questions were being raised on the authencity of govt.
Yet all in all "hope maketh not ashamed".a growth of 3.7% is a good shot!it is Huge optimistic outlook
PMB should get a formidable economic team not this ones that cannot prepare budget!
God Bless Nigeria
|Re: Nigeria's Economy To Grow By 3.78% by dridowu: 2:22pm On Feb 05, 2016|
Mynd44:y lock my thread
Same topic but more details than the previous
|Re: Nigeria's Economy To Grow By 3.78% by jmichlins(m): 2:25pm On Feb 05, 2016|
baralatie:Nigerians do not care about those statistics. We wake up in face of the worst still expecting the best
|Re: Nigeria's Economy To Grow By 3.78% by UrennaNkoli(f): 2:33pm On Feb 05, 2016|
TippyTop:You know what goes on in the minds of mad men? They think reality is their dream while their dream is reality. I just wish you could wake up into reality.
|Re: Nigeria's Economy To Grow By 3.78% by Ikengawo: 2:36pm On Feb 05, 2016|
Nigerians are amazingly ignorant
Nigeria's economy was growing by 7% under GEJ
You're now using 3% under Buhari to insult 'IPOB', who's territories are the only ones actually witnessing growth and an improvement of living standards due to intelligence and hardwork.
|Re: Nigeria's Economy To Grow By 3.78% by TippyTop(m): 2:37pm On Feb 05, 2016|
UrennaNkoli:How would I know, only mad people knows what goes on in the minds of mad men.
|Re: Nigeria's Economy To Grow By 3.78% by Kangol99(m): 2:38pm On Feb 05, 2016|
|Re: Nigeria's Economy To Grow By 3.78% by obailala(m): 2:45pm On Feb 05, 2016|
Ikengawo:No doubt a growth of 3% is pitiable but don't forget to consider an over 70% drop in national income which we are grappling from.
Remember GEJ was enjoying the highest ever average oil prices of ~$100/barrel and he was able to 'maintain' the GDP growth at 7%, Kudos to him!
But if GEJ 'maintained' the growth at 7%, did you bother to ask how the Ota man (OBJ) was able to grow this same rate from around 2% to 7% even at marginally lower oil prices during his time?
Meanwhile the moment global oil prices started falling, Nigeria's GDP growth nosedived whilst still under GEJ to the lowest since 1999. Oh yes! just in case you didnt know, the GDP growth rate in Q2 2015 when GEJ was handing over to PMB was about 2.3% even though oil prices still sold above $60 as at May 2015. So with oil now selling in the range of $30 and the growth rate marginally rising to above 3%, that is a little bit commendable (even though we know all these are just paper statistics).
|Re: Nigeria's Economy To Grow By 3.78% by OyeniyiLeke: 2:46pm On Feb 05, 2016|
The chart you have provided does not indicate the year which makes it meaningless
Regardless, oil prices averaged over $65 throughout the duration of Jonathan's administration
Now it is between $28-$32, less than half of the price during Jonathan
Given the current reality of the global economy and oil prices, this government is performing well
|Re: Nigeria's Economy To Grow By 3.78% by Ikengawo: 6:18pm On Feb 05, 2016|
well, if you don't know that it was from a little 1 year ago then it's a case of your own illiteracy and lack of connection to the world. This was posted by CNN international announcing that Nigeria is the 3rd fastest growing economy in the world in 2014. In 2015 we were taken off that list. In 2016 we are on Nairaland clapping about 3% growth. May your children grow by 3% every year.
If you don't know this and are hearing for the first time it's because you can't afford the data to browse and learn it when others were learning it. Don't let your anger kill you and if you do make sure it's before the next election because educated people are tired of this charade
|Re: Nigeria's Economy To Grow By 3.78% by tsdarkside(m): 6:23pm On Feb 05, 2016|
|Re: Nigeria's Economy To Grow By 3.78% by OyeniyiLeke: 6:29pm On Feb 05, 2016|
I dont know why you are getting your dirty knickers in a twist. It is not my fault that you have exhibited your illiteracy by not providing the right information. When you put a diagram up as an illustration, always ensure to provide all the necessary metrics. All Tables, diagrams should come with sources and metrics. This is basic High School stuff.
Like I posited earlier, the current growth rate is due to a fall in Oil prices. As the country continues to diversify its economic base and with the ban on importation which will facilitate local production; the economy will improve. No amount of IPOBIC noise will stop the country from progressing
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