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Nigerian Economy Slips Into Recession - BBC by johntaiwo123(m): 10:26am On Aug 31, 2016 |
Nigeria has slipped into recession, with the latest growth figures showing the economy contracted by 2.06% between April and June. Source http://www.bbc.com/news/business-37228741 1 Like
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Re: Nigerian Economy Slips Into Recession - BBC by Flexherbal(m): 10:35am On Aug 31, 2016 |
Hnmmmm! See matter. Economy wey deaf and dumb , and even blind and beggers dey complain. 51 Likes 3 Shares |
Re: Nigerian Economy Slips Into Recession - BBC by 735i(m): 10:37am On Aug 31, 2016 |
Both times Bubu has been at the helm of affairs... Nigeria slipped into recession... Bubu is badluck... #Bubumustgo 144 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by Zdoh(m): 10:54am On Aug 31, 2016 |
Government were warned of these situations before it occurrence now everybody is one way or the other feelings the heat.Anyway,what do you expect from a country where 10% of citizen are productive and 20% spend lavishly an 70% remains zombie?. 34 Likes |
Re: Nigerian Economy Slips Into Recession - BBC by venom13(m): 11:18am On Aug 31, 2016 |
Una never see anything So na now day break abi? 14 Likes 1 Share
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Re: Nigerian Economy Slips Into Recession - BBC by Emekamex(m): 11:18am On Aug 31, 2016 |
Buhari will be better off attending to his cows, managing an economy is not his specialty. 82 Likes 1 Share
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Re: Nigerian Economy Slips Into Recession - BBC by nototribalist: 11:18am On Aug 31, 2016 |
For all those that voted an empty dry skull as a President.una get mind oo. [size=15pt]2 gbosa for una.[/size] 128 Likes 3 Shares
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Re: Nigerian Economy Slips Into Recession - BBC by bettercreature(m): 11:19am On Aug 31, 2016 |
APC and EMEFELE successfully destroyed Nigeria through their trial and fail policies 28 Likes |
Re: Nigerian Economy Slips Into Recession - BBC by tammie24: 11:19am On Aug 31, 2016 |
Yes!!! Buhari has done it! Easier to destroy than to build Congratulations.....!!!! APC Just watch... they will soon come here and blame Jonathan 71 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by Nobody: 11:19am On Aug 31, 2016 |
WE NEED DIGITAL PRESIDENT LIKE G AND NOT ANALOG PRESIDENT LIKE BUBU 39 Likes 2 Shares |
Re: Nigerian Economy Slips Into Recession - BBC by oluwasegun007(m): 11:20am On Aug 31, 2016 |
That's not News na....... we are even close to depression.... 46 Likes 2 Shares |
Re: Nigerian Economy Slips Into Recession - BBC by MadCow1: 11:20am On Aug 31, 2016 |
We shall survive.. 3 Likes |
Re: Nigerian Economy Slips Into Recession - BBC by weyabcom: 11:20am On Aug 31, 2016 |
Wen u won wit innocent nd coppers blood nd u expect things to work fine... Buhari must be disgrace... Must happen 17 Likes 2 Shares |
Re: Nigerian Economy Slips Into Recession - BBC by PaulIdu: 11:20am On Aug 31, 2016 |
Nigeria has gone into full recession just twice in our history and guess who was in power both times ? Yes you are right BUHARI 104 Likes 12 Shares |
Re: Nigerian Economy Slips Into Recession - BBC by nathandrake(m): 11:20am On Aug 31, 2016 |
jk |
Re: Nigerian Economy Slips Into Recession - BBC by ayrulez(m): 11:20am On Aug 31, 2016 |
Lol 1 Like 2 Shares |
Re: Nigerian Economy Slips Into Recession - BBC by 989900: 11:20am On Aug 31, 2016 |
Sub Saharan economy . . . no, they will remember the name now. This is a shame though (recession), and the consequences enormous. 2 Likes |
Re: Nigerian Economy Slips Into Recession - BBC by Nobody: 11:21am On Aug 31, 2016 |
Dutch disease..... For instance, capital and labor (and land) may shift from the non-oil export sector to the oil sector (in order to maintain or increase reserves and production) and the non-tradable goods sector (to take advantage of the growing domestic demand). This explains why the increase in oil prices and the subsequent oil revenue windfall in many oil-exporting countries have tended to depress their non-oil export sector while at the same time generating a boom in both the oil and the non-tradable goods sectors. With capital and labor shifting from the non-oil export sector to the oil-sector and non-traded goods sector, firms in the non-oil export sector are forced to either close down or reduce their scale of operation. The boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. [b]The depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil. For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty.[/b] From the article MANAGING THE DUTCH DISEASE IN NIGERIA Time for APC to wake up and put Nigeria on the long and hard road to freedom from oil dependency. We know the problem....and the solution is there. 3 Likes |
Re: Nigerian Economy Slips Into Recession - BBC by ifenes(m): 11:21am On Aug 31, 2016 |
Get well soon Nigeria. I won't pray for you because it will mean I have ignored you. I will rather implore you to be more creative. But wait,the most religious country in the world?? Where is yahweh and allah tho? The largest offering donation on a single day in the world?? Hmm something is wrong. 8 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by Josmila(m): 11:21am On Aug 31, 2016 |
Ok noted BBC, what else? |
Re: Nigerian Economy Slips Into Recession - BBC by Nobody: 11:21am On Aug 31, 2016 |
The DARKEST HOUR of the day is just before DAWN NIGERIA WILL OVERCOME!!! 2 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by geostrata(m): 11:21am On Aug 31, 2016 |
We know, why una dey remind us? No me una follow blackmail GEJ out of office and ur baba tag us FANTASTICALLY CORRUPT 4 Likes |
Re: Nigerian Economy Slips Into Recession - BBC by daclint(m): 11:22am On Aug 31, 2016 |
Just watching in 3d 9 Likes
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Re: Nigerian Economy Slips Into Recession - BBC by Nobody: 11:22am On Aug 31, 2016 |
This is just the official confirmation of Nigerians have been going thru in the past 1 year. I refused to blame Jonathan for this. APC should find a better excuse! 37 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by Nobody: 11:23am On Aug 31, 2016 |
e don happen wahala dey 3 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by pedro4hope(m): 11:23am On Aug 31, 2016 |
Nice one 1 Like |
Re: Nigerian Economy Slips Into Recession - BBC by tammie24: 11:23am On Aug 31, 2016 |
He did it in the 80s He has done it again! That guy is just too good He thinks running an economy is the same as chewing goro 63 Likes 2 Shares |
Re: Nigerian Economy Slips Into Recession - BBC by HajimeSaito(m): 11:23am On Aug 31, 2016 |
When you have a man who scored F9 in basic Mathematics running a country expect this kind of shit to happen. Economics involves advanced and sophisticated mathematical paradigms and theorems that poor Bubu is simply incapable of grasping. I hail Nigerians who can see no wrong in this man. 26 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by 2loadedguy: 11:23am On Aug 31, 2016 |
johntaiwo123:The country's economt had been in recession for a while now but unfortunately we are just realising it. Only God will get us out of this mess now that we even have a dullard ruling us. 7 Likes 1 Share |
Re: Nigerian Economy Slips Into Recession - BBC by Sunnycliff(m): 11:23am On Aug 31, 2016 |
Posterity will never forgive Nigeria Youths if all we do is to wail and wail without trying to form an alliance to save this nation from the hands of political cabals and cannibalistic leaders who have long outlived their political sagacity and intellectual acumen but are now in senescence! 23 Likes 2 Shares |
Re: Nigerian Economy Slips Into Recession - BBC by NameChecker: 11:24am On Aug 31, 2016 |
ok |
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