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Mirage Of Change - Politics - Nairaland

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Mirage Of Change by ZombieNation: 11:28am On Apr 10, 2016
Electricity mirage

Nigeria's maximum power output stands at 5,000MW. Under Buhari's change, power generation is down to less than 40% with a recorded low output generation under the dullard at 0MW.

Economic mirage

Stock market has lost nearly 60% value since may 29th.

Under Buhari, shareholders and investors have seen on average 60% of their wealth wiped off.

Forex mirage

The politics of the Naira is greater than its economic value under the dullard. Buhari met the naira at 178 and has made sure it dropped in its artificial pricing to 205 naira. This represents a 30% drop in value.

But getting access to the naira at the prevailing artificial rate under Buhari's change is like sourcing for fuel at 86 naira per litre. This has led to the widest disparity between the CBN artificial rate and the parallel market rate.

Today dollar is trading at a record 325 naira

Fuel mirage

Under the dullard Nigerians now pay the highest at the pump station.
I bought fuel this morning at 400 naira per litre. This is despite the fact that the I too sabi illiterate is the minister of petroleum
Re: Mirage Of Change by senior123: 2:10pm On Apr 10, 2016
IPOB, what is it naa? Leave PMB alone. Nigerians have a striving spirit. And that spirit will get us through this. Inevitably in 2019 the true APC would be revealed and we will then make a new decision. For now please leave PMB.

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