zeitel:

@lastpage, well crafted piece, you must be an e-warrior, seeing how you went all out 'defending' and breaking the OP's piece number by number.
I won't do same however, I said sth to someone like you; do you go about shouting to your friends and acquaintances that my child is a thief(like you said, most of them already know) or would you rather find a solution and not go shouting about denigrating the child the more.
Also, stop making reference to the last administration ooo, even our Emir of Kano has advised us not to that we have made same mistakes.
I also read you said something about pounding to submission. I honestly don't agree with you on this one. It's pretty obvious ain't it. The rhetoric of pounding has put the NDA in a constant state of sabotaging pipelines. Giving the military more weapons won't guarantee long lasting peace oooo, it ll rather incite to violence.
And finally, stop insulting. You ll grow old someday you know.

Giving the military more weapons to flight is like telling the people u promised peace to have war instead, and shows such a person is not a man of integrity. I am actually expecting pmb to be crying the same way he cried for this nation before election cos the situation now is worse than when he was crying then.

Those who brought this mess of a shambolic government upon this great nation should be ready to face the music when the chips are down.

I just hope he's reading all this things

THE SEVEN REASONS ARE SPOT ON AND CANNOT BE WISHED AWAY!
NIGERIA'S ECONOMY WILL IMPROVE ONLY AFTER MOST OF THESE ARE REVIEWED IN THEIR PROPER CONTEXT.

An already expired man can't make good good e

We removed a valid product and bring in expired product. Thats the outcome

Buhari is a failure

lastpage:


So, you are telling us that Banks colluding with Civil Servants to steal Govt earnings and Buhari putting a halt to it (even though the TSA policy was initiated under Jonathan but he did not have the honesty and balls to implement it), is what threw Banking and Financial sector into turmoil?
If that is true the they were never a bank but thieving outfits. They need to die in that turmoil.



First, you dont make foreign exchange, you EARN IT.
The major way Nigeria EARNS forex is through sale of Crude oil.
Under GEJ it was as much as $130/Barrel.
Just when Buhari took power, it went down to as low as $28, through no fault of Buhari. it was a global problem.

So, Nigeria was not earning forex but Nigerians want to import everything from tooth-pick, to Biscuits, to shoes.
But when we were earning loads of forex, Jonathan and his gang of thieves were looting it into foreign banks. They did not save for the rainy day nor invest in local production of those basic things we are importing.
Those people whose business is mere importation (not real production of goods) are the ones crying because they are there only to waste our scarce forex.
How can a country grow when its economy is based on mere importation? I know my Biafra brothers are guilty of that but they like to shift the blame on Buhari



[b]There is nothing Buhari has said about Nigeria, that people abroad dont already know.
Is it in Asia where they arrest and sentence Nigerian to death on a daily basis that Buhari wants to tell them about the Drug pushing of some Nigerians?
Is it the foreign banks abroad, were they see the stash of looted money, that Buhari wants to tell them anything new, about the stealing, looting and corruption of Nigerians (not all)?

Is it the Internet were you have hundreds of thousands of stories making the rounds about kidnapping, Boko Haram, violent robberies, e.t.c, that foreigners are already reading, that Buhari can tell them something they have not read online before or do you think these "investors" are as dull as some of you that only read Tontoh Dike and Tiwa Savage CLEAVAGE on the internet?

Buhari is just showing them that these administration will be honest and not pretend everything was fine, unlike the previous one of Jonathan and they are sure convenient with the truth, more than obvious LIES[/b]



These is a very funny reason!
So, in your brain, you think the Niger Delta is equal to the whole of Nigeria?
So, assuming projects are halted in the ND but not in the remaining parts of Nigeria, that should lead to recession, huh?
Abeg, wake-up. the ND is just less than 15% of Nigeria so its effect (assuming it is true, but we know that Buhari has initiated new projects and even restarted abandoned ones in the ND) will be minimal on the country.
Pipeline protection is a SCAM that created riches for plain CRIMINALS.
Our Military are paid huge sums to protect the country, we will not sub-contract their work to militants. End of story.
The recession is as a result of dwindling revenue and sabotage (Pipeline vandalization especially) by the same people blaming Buhari. We know them



The facts in this assertion are mostly true but then, if the WHOLE country mostly depends on Oil and some greedy tribes think they should arrogate a National property to themselves ONLY, just because it gushes out from their Region, do oyu not think it is smart of the President to also look for the same thing in his own region, incase we really need to "break-up"? Or do you want his region to be shortchanged and then forced to go to war to share in the oil?
Finding Oil in the North will make Nigeria's break-up easier, less bloody and faster.
It will also make the ND less important and we can tell them to go to blazes, which is what l think they are calling for.



[b]Look, even a blind person can see that PDP, especially under Jonathan, were just busy looting the resources of this country and they led us to where we are today.
Jonathan single-handedly supervised the destruction of this country.
From corruption, to violent crimes like kidnapping and armed robbery, to ritual killings, e.t.c, Jonathan's administration under his PDP party encouraged glorification of MONEY, debasing of our moral values and the 'get Money at all cost' mentality which leads to violent crimes without any form of compassion for fellow humans.
Under Jonathan, it was all just about getting Money at all or ANY COST.
So, any serious Govt cannot build its legacy on that history and house of corruption. Jonathan is just lucky that we are not under a military agenda otherwise, like Lt. Jerry Rawlings did in Ghana, all those PDP and some APC looters would just have been lined-up and shot by the miliatry, for economic subversion/sabotage.
if that happened, we wont be saddled with the likes of Saraki and Dogara and their band of budget-padding syndrome[/b]



[b]There are some problems that dialogue cannot solve.
There are some people that dont understand dialogue except they are pressured into it or dont have an alternative.

Some of the problems we have are like Hostage-taking and blackmailing, those kind of problems understand ONLY FORCE.
for example, a kidnapper will blackmail you for money and keep doing so, if he is sure he can get away with it. You need force to put a stop to it.
Same goes for Militants (we have dialogued with them, sent them abroad for re-training in the last ten years, gave them jobs, e.t.c but it is obvious that they just want to be milking other hard-working Nigerians, till eternity).
Look at Boko haram as well/ if they want to dialogue with Govt, they have all the opportunity but they are Religious fanatics who want to create a caliphate within Nigeria. They are rapist and kidnappers, murderers of the innocent.
So, the Govt has a right and duty to protect its citizens from such criminal organisations, using all means necessary.

The strategy is that to deal with criminals is that they wont negotiate until they are certain the other option they have is total annihilation.
So, like the Americans will do, you pound the enemy (soften them) to the point were they have no other choice than to negotiate.
That makes negotiation easier.
That is what Buhari is doing.
Now that the various criminal gangs saw that Buhari is investing seriously in 'serious weapons' and the Military is being re-positioned to fulfill its role to the nation, some of them are beginning to see the wisdom in negotiation.

I have decided to break it down for you so that misguided people like you dont think you are saying something meaning full, when you write such gibberish online.
Go back to school please.[/b]


Lastpage!

Waoh!!! A logical and elaborate response to the trash. But wailers will not change. Possibility of viewing things from unbiased perspectives have eluded them. Almost a Helpless situation.

progress69:
[s][/s]
Useless sentimental tribalistic bull crap, full of lies and deceit

How do one eat is cake and expect to have it. That's the best way to describe what exactly is going on now. Not the thrash u wrote

I was told u we're raised by ur grandfather n he was d obe who taught u how to dress dats why u think backward,imagine if ur granddad is d president b sincere wud he not need assistance from younger people to do a lot of things ur generation is a shame,mike xuberge came to nigeria n become a hero for designing facebook ur prsedients saw him as a god ,w* platfirm is der for youths to achive wat he achieved in education in nigeria? Sometimes I wonder we're d nairalanders get deir brain from

ikwubaba:


Waoh!!! A logical and elaborate response to the trash. But wailers will not change. Possibility of viewing things from unbiased perspectives have eluded them. Almost a Helpless situation.

a reasonable person wud know dat his is making common sense while u lot ar making common mistakes,if jonathan was d one dat destriyed nigeria,tell me wat ibb,obj etc did dat affected ur life for gud

Th-r-a-sshhhhhhhh

Dagaya:
Oh well. you nailed it. there are more oh, his body odor, cluelessness, dictorial tendencies and his refusal to show us his certificate.
I would just manae the seven you put up there.
Clueless government
Clueless party
Visionless, directionless and clueless president

I believe in due time, things will get better. If the country fails, it's not only the Mr president that it will affect the most rather. it will affect every body(we all). Irrespective of the fact that am not happy with the way things are going, I still believe that sooner or later all this will make us stronger. but instead of us to criticise only, let's also be constructive in are criticism. Before China could be at its position today, they all surfer same fate that we are facing, Japan faces the same thing, south korea surfers the same fate. Don't also forget that some other countries are also going through the same problem that we are facing as a result of a fall or downward change in oil price. This isn't about party. Let's drop party sentiment and say the truth. Cause even if it was pdp they'll do nothing. America is great today, it's not because of the government, but the collective effort of the citizen. America is the highest indebted nation in the world and you barely hear them talk about it and if so, why are we selling our problem out to the world. For nigeria to succeed, it has to be a collective responsibility of you and I. My prof; would say that 'necessity is the mother of invention' am glad that we are going through this economy recession now because it has clearly opened our eyes. Thus the country was so so much depending on oil and neglecting other sector. At least it has bring back our tension to the drawing board. But at this juncture I have to end here but for the main time I have this for you.
RECESSION GALORE! WE ARE IN ALREADY...SO,
LEARN HOW TO MANAGE TILL WE GET OUT
Here are some things to cut down on in order to
make it out of this recession financially sane.
*Generator usage*
It’s bad enough the economy is crumbling faster
than a cookie but how many Nigerians can recall a
lengthy spell of uninterrupted power supply.
Our standby household generators have for years,
been doing what the government cannot do for us.
Now that the situation is getting dire, generator
usage should be restricted to specific hours and to
take care of necessities.
Comfort can wait till recession is over and we are
out of troubled waters.
*Eating out*
Anyone who actually cooks will know that
restaurants serve overpriced, often unsatisfying
food.
So instead of taking your hard earned money to
pay for ‘fancy’ food, go to the market, buy raw
food and head to the kitchen.
You’ll save so much money.
*Driving walkable distances*
The cost of fuel is higher than it has ever been in
Nigeria’s history, so why not kill two birds with
one stone while going for short errands.
Take a walk or go for a run while running your
errand. Your body and pockets will thank you.
*Bulk buying of groceries*
Constant grocery shopping can be such a chore so
we tend to buy in bulk.
However, a disadvantage of bulk buying is that
some goods may expire or spoil before you get
around to using them, hence cut your grocery
shopping list down to necessities.
Get what you need and not what you think you will
need.
*New clothes and shoes*
Your old clothes are perfectly fine!
Oh you think people have noticed you’ve had that
shirt for a while? Frankly, it’s nobody’s business.
As long as your clothes are not obviously tattered,
there is no use going cloth shopping every week to
impress people and depress your bank account.
*Hanging out*
We all love spending quality time with friends and
family but instead of going someplace where you’ll
spend more than you budgeted for (more often
than not), invite them to your house and plan
activities everyone can participate in.
You’ll create a stronger bond and more lasting
activities while saving money.
*Vacations abroad*
Also known as “the king of excesses”, vacationing
abroad is officially a luxury at this point in time.
Why go and spend your hard earned ‘naira’ in a
foreign country contributing to the growth of their
economy while leaving yours in the backseat.
Stay at home!
*DSTV subscription*
You don’t need to pay for all the channels. It’s not
a competition.
You hardly ever watch more than 15 of the
channels on the premium package, so why the
bother?
The smallest bouquet has news channels for the
grown-ups and cartoons for the kids.
*Water as opposed to juice and sodas*
Some people think there is an award for living
lavish. News flash: there isn’t.
Most of these processed drinks you desire to gulp
down your throat with every meal are not even
good for your health and they definitely cost more
than water. Drink water, you’ll live longer.
*Unnecessary phone calls*
Restrict your airtime to calls with purpose (work,
business).
There’s no need to ask your friend what he/she is
eating or staying on a call for an hour discussing
what nail polish color to wear to an event.

[quote author=lastpage post=49064198]

So, you are telling us that Banks colluding with Civil Servants to steal Govt earnings and Buhari putting a halt to it (even though the TSA policy was initiated under Jonathan but he did not have the honesty and balls to implement it), is what threw Banking and Financial sector into turmoil?
If that is true the they were never a bank but thieving outfits. They need to die in that turmoil.

Your view mirrored the exact pattern of thought of Buhari. His intention was to quickly kill corruption in the banking sector, meanwhile, the impact of the actions were not considered. Well, he has implemented the TSA suddenly and we have seen how it has thrown the banking and financial sector into turmoil. One expects him to boldly own up to the outcome that has been generated so far, including its impact on Nigeria's slide into recession.

Remember, the topic was aimed at outlining how Buhari caused the ongoing recession, not to debate if the TSA was good or bad.



First, you dont make foreign exchange, you EARN IT.
The major way Nigeria EARNS forex is through sale of Crude oil.
Under GEJ it was as much as $130/Barrel.
Just when Buhari took power, it went down to as low as $28, through no fault of Buhari. it was a global problem.

So, Nigeria was not earning forex but Nigerians want to import everything from tooth-pick, to Biscuits, to shoes.
But when we were earning loads of forex, Jonathan and his gang of thieves were looting it into foreign banks. They did not save for the rainy day nor invest in local production of those basic things we are importing.
Those people whose business is mere importation (not real production of goods) are the ones crying because they are there only to waste our scarce forex.
How can a country grow when its economy is based on mere importation? I know my Biafra brothers are guilty of that but they like to shift the blame on Buhari

One thing that I will advise you is to stop blaming past governments. Buhari is in charge now. He has to bear responsibility for every outcome generated. Nigeria did not only earn FOREX from petroleum. We earned from FDI inflow and Agric export to mention a few. Moreover, manufacturers depended on importation to kickstart and sustain their activities (requires forex).

Like I said, Buhari's command economic approach to forex was one of the causes of this recession. He should have rolled out stimulus packages to retain and sustain FDI, which will strengthen employment and reduce hunger in the land. Everything is going down now because of your pattern of thought, which this government has adopted.


[b]There is nothing Buhari has said about Nigeria, that people abroad dont already know.
Is it in Asia where they arrest and sentence Nigerian to death on a daily basis that Buhari wants to tell them about the Drug pushing of some Nigerians?
Is it the foreign banks abroad, were they see the stash of looted money, that Buhari wants to tell them anything new, about the stealing, looting and corruption of Nigerians (not all)?

Is it the Internet were you have hundreds of thousands of stories making the rounds about kidnapping, Boko Haram, violent robberies, e.t.c, that foreigners are already reading, that Buhari can tell them something they have not read online before or do you think these "investors" are as dull as some of you that only read Tontoh Dike and Tiwa Savage CLEAVAGE on the internet?

Buhari is just showing them that these administration will be honest and not pretend everything was fine, unlike the previous one of Jonathan and they are sure convenient with the truth, more than obvious LIES[/b]

Well, in the US, we have cases of civil mass shooting and police brutality. Obama does not go around telling the whole world about it. South Africa is the crime capital of Africa, yet, you don't see their government going around to tell people about it. You know why? To sell yourself to investors, you need to reflect only on how good you are and why they should choose you. This is the same reason why you have resumes when you seek for jobs. It's just commonsense.

These is a very funny reason!
So, in your brain, you think the Niger Delta is equal to the whole of Nigeria?
So, assuming projects are halted in the ND but not in the remaining parts of Nigeria, that should lead to recession, huh?
Abeg, wake-up. the ND is just less than 15% of Nigeria so its effect (assuming it is true, but we know that Buhari has initiated new projects and even restarted abandoned ones in the ND) will be minimal on the country.
Pipeline protection is a SCAM that created riches for plain CRIMINALS.
Our Military are paid huge sums to protect the country, we will not sub-contract their work to militants. End of story.
The recession is as a result of dwindling revenue and sabotage (Pipeline vandalization especially) by the same people blaming Buhari. We know them

The problem in the Niger Delta has been on for decades, and the people has the right to agitate as their way of life (fishing, farming etc) has been greatly distorted by the existence of multi-national oil companies. So, when they seek for benefits from their oil, you must try to show some social responsibility.

Having said that, those projects were strategically meant to keep them at peace in order to ensure optimal generation of income from petroleum. Now, it has been disrupted, and oil production has dwindled, the current approach by Buhari will bury the petroleum sector and drive Nigeria into an inevitable depression.

Investors in the sector prefer peace over war. They wish to make money, not die for the money. If you can't make the situation conducive for them, they'll leave to other countries. I am sure that you are aware that even GHANA is producing oil now.

The facts in this assertion are mostly true but then, if the WHOLE country mostly depends on Oil and some greedy tribes think they should arrogate a National property to themselves ONLY, just because it gushes out from their Region, do oyu not think it is smart of the President to also look for the same thing in his own region, incase we really need to "break-up"? Or do you want his region to be shortchanged and then forced to go to war to share in the oil?
Finding Oil in the North will make Nigeria's break-up easier, less bloody and faster.
It will also make the ND less important and we can tell them to go to blazes, which is what l think they are calling for.

If this is the case, Buhari is not fit to be a president. He should be a Northern monarch, or a regional leader.



[b]Look, even a blind person can see that PDP, especially under Jonathan, were just busy looting the resources of this country and they led us to where we are today.
Jonathan single-handedly supervised the destruction of this country.
From corruption, to violent crimes like kidnapping and armed robbery, to ritual killings, e.t.c, Jonathan's administration under his PDP party encouraged glorification of MONEY, debasing of our moral values and the 'get Money at all cost' mentality which leads to violent crimes without any form of compassion for fellow humans.
Under Jonathan, it was all just about getting Money at all or ANY COST.
So, any serious Govt cannot build its legacy on that history and house of corruption. Jonathan is just lucky that we are not under a military agenda otherwise, like Lt. Jerry Rawlings did in Ghana, all those PDP and some APC looters would just have been lined-up and shot by the miliatry, for economic subversion/sabotage.
if that happened, we wont be saddled with the likes of Saraki and Dogara and their band of budget-padding syndrome[/b]

PDP did not destroy Nigeria. They were corrupt, but they did not destroy Nigeria. PDP was responsible for the rise in the Telecom sector, revitalization of the Banking sector, Agricultural revolution, rise in Auto manufacturing, clearing of Nigeria's debt, revitalization of railways, entrenchment of Freedom of Speech, rise of petroleum production among many others.

Buhari needed to clean up the progress, not destroy all the progress. He has destroyed the banking sector, overseen the closure of manufacturing firms among others. You don't throw the baby away with the water in the bath. The destructive approach of Buhari led us into this recession as we had to start afresh after 16 long years of gains.


[b]There are some problems that dialogue cannot solve.
There are some people that dont understand dialogue except they are pressured into it or dont have an alternative.

Some of the problems we have are like Hostage-taking and blackmailing, those kind of problems understand ONLY FORCE.
for example, a kidnapper will blackmail you for money and keep doing so, if he is sure he can get away with it. You need force to put a stop to it.
Same goes for Militants (we have dialogued with them, sent them abroad for re-training in the last ten years, gave them jobs, e.t.c but it is obvious that they just want to be milking other hard-working Nigerians, till eternity).
Look at Boko haram as well/ if they want to dialogue with Govt, they have all the opportunity but they are Religious fanatics who want to create a caliphate within Nigeria. They are rapist and kidnappers, murderers of the innocent.
So, the Govt has a right and duty to protect its citizens from such criminal organisations, using all means necessary.

The strategy is that to deal with criminals is that they wont negotiate until they are certain the other option they have is total annihilation.
So, like the Americans will do, you pound the enemy (soften them) to the point were they have no other choice than to negotiate.
That makes negotiation easier.
That is what Buhari is doing.
Now that the various criminal gangs saw that Buhari is investing seriously in 'serious weapons' and the Military is being re-positioned to fulfill its role to the nation, some of them are beginning to see the wisdom in negotiation.

I have decided to break it down for you so that misguided people like you dont think you are saying something meaning full, when you write such gibberish online.
Go back to school please.[/b]

Dialogue can solve all the problems that Buhari is trying to use force to solve. The deployment of military to the Niger-Delta would have been unnecessary if he allowed the Niger Deltans to get the projects that they were promised in the first place.

When hands start to get dirty and the militants see no choice but to fight, Nigeria will be lucky if a single pipeline is left intact. Everything will go up in flames. What that will mean is that the income from petroleum will be almost wiped out. I'm sure you'll be looking for the oil production in Lagos and the East to sustain Nigeria. Anyway, the ones in the East and Ondo will also be up in flames, and the ones in Lagos will be under steady threat. The worst the military will do is to kill civilians, rape girls, steal and plunder, which Niger Deltans are used to. The damage to Nigeria will be better left untold.

Why pass through the above when all you should do is to sit and talk these guys into submission. The money that they get from oil is nothing compared to the overall income from production.

Anyway, my point is that Buhari's posture in the Niger Delta drove us into this recession. He ensured that we have not derived much benefits from the recent progress made in the price of petroleum products.

toyinid78:
I was told u we're raised by ur grandfather n he was d obe who taught u how to dress dats why u think backward,imagine if ur granddad is d president b sincere wud he not need assistance from younger people to do a lot of things ur generation is a shame,mike xuberge came to nigeria n become a hero for designing facebook ur prsedients saw him as a god ,w* platfirm is der for youths to achive wat he achieved in education in nigeria? Sometimes I wonder we're d nairalanders get deir brain from

Wetin this one dey talk? Who is "mike xubege"?? A kindergarten child will type better than this garbabe u typed. Asides being incoherent, u cant even spell or type correctly. And this clown really wants to engage me . Wonders shall never end....! Spits...

.

Muhammadu buhari is just one hell of an iddiot

Jengem:
Using 6 months to produce ministers like baba sango at ICT

After saying that ministers are just noise-makers

for a reason

Justcash:
1) Sudden Implementation of Treasury Single Account (TSA)- This policy threw the banking and financial sector into turmoil as huge sums were swept out of banks and dormantly stashed into a preferred safe.

2) Tightening of Foreign Exchange Transactions- This policy made it difficult to make foreign exchange, and threw thriving businesses into turmoil which led to massive sacking of workers and manufacturing slowdown.

3) Unguarded Utterances During Foreign Trips- The president made several unguarded utterances that gave the impression that Nigeria was headed for the rocks. This made foreign investors hesitant about coming into Nigeria, and encouraged those that were already in Nigeria to speculate and pull out funds.

4) Halting of Important Projects in the Niger Delta- Buhari moved to remove majority of the projects that were created to provide tangible benefits to Niger-Deltans. For example, the Maritime University and Pipeline protection projects. Though, some of these projects were condemned by Nigerians, they kept the Niger-Delta at peace and allowed for the maximization of the benefits from petroleum exports.

5) Buhari's Northern Developmental Focus in Nigeria- The developmental aim of the president is very much skewed towards Northern Nigeria than every other part. So, he is more like kick starting a new economic focus, while dumping existing economic strengths. For example, he is devoting billions of dollars to search for petroleum in the North when Nigeria does not have functional refineries to ensure adequate availability of petroleum products that are already being produced in the South.

6) Elimination of All the Policies Made by PDP- it is on record that even though PDP led governments were corrupt, they made some major strides in diversifying Nigeria's economy. For example, Agricultural export came to life under PDP. Buhari has focused on bedeviling and antagonizing every single policy made by the PDP. In the process, he has thrown out good policies and progress that were made in the past. He is almost starting afresh, and this has rebooted Nigeria and thrown us years backwards.

7) Preference for Violence over Dialogue- Buhari prefers to use military force to quell civil strife. This approach ignites more protests and civil disobedience. An economy cannot experience progress in violent conditions. Even Lagos and Ogun axis has experienced an open show of military bombardment, which scares a heck out of investors. The same is true about the production shut ins in the Niger Delta region. Some of these issues can be solved with dialogue and with police actions than full scale military assaults.

Trash comments.

[quote author=PapaNnamdi post=49053882][/quote]

Is Saudi Arabia going through what Nigerians are suffering? Buhari is an outdated idiot. Economic mismanagement is a crime. He will not end well.

ba7man:
Facts..... not lines.

And I expect you to give your alternate result of a nation having its income slashed by 60%.

luvinhubby
It is not about if our income has gone down by 60% or not.
It is about if he is able to do anything about it.

The job description involved doing something about it (with results).
Anyone who cannot handle the demands of a job, should honourably quit.
It is not do or die.
In the interest of the rest of the country, he should resign.
Some people will mock but it will not matter.
Anyone who can do the job should take over.

I did not vote Buhari but would have voted Ibrahim Shekarau. He was a faaaaar better candidate.
Buhari is both bad for the north and bad for Nigeria.
He is making it look as if this is what northern leadership can produce.
He should resign if he cannot imbibe the right counsel from the right minds to salvage the situation.

amInigerian:

luvinhubby
It is not about if our income has gone down by 60% or not.
It is about if he is able to do anything about it.

The job description involved doing something about it (with results).
Anyone who cannot handle the demands of a job, should honourably quit.
It is not do or die.
In the interest of the rest of the country, he should resign.
Some people will mock but it will not matter.
Anyone who can do the job should take over.

I did not vote Buhari but would have voted Ibrahim Shekarau. He was a faaaaar better candidate.
Buhari is both bad for the north and bad for Nigeria.
He is making it look as if this is what northern leadership can produce.
He should resign if he cannot imbibe the right counsel from the right minds to salvage the situation.

Being realistic, how easy do you expect running a nation of 180 million people on a reduced income by 60%?

Okonjo-Iweala, Sanusi Lamido and Tinubu warned of hard times ahead but I don't think many people were listening.

Even if we voted in Obama, we would still be here till we find an alternate source of foreign exchange.

Exportation and industrialization is our only way out and that doesn't happen in a few months as people expect.

ificatchmodeh:
Op.
I concur..funny how he took those decisions without any economic plan..or alternative where necessary..
When it backfired..they remembered previous administration.
And turn around to blame..


More like..

seven effectual strategy to clueless governance

Can I use this topic for a post on my blog? I respect your intellectual property so a favorable answer will be appreciated.

ba7man:
Being realistic, how easy do you expect running a nation of 180 million people on a reduced income by 60%?

Okonjo-Iweala, Sanusi Lamido and Tinubu warned of hard times ahead but I don't think many people were listening.

Even if we voted in Obama, we would still be here till we find an alternate source of foreign exchange.

Exportation and industrialization is our only way out and that doesn't happen in a few months as people expect.

[size=13pt]luvinhubby
So our reward for voting him in power is for him not to see that he should just get on with it?

Someone is beating me up and I hire you (a supposed martial artist) to rescue me and you stand there and watch.
When I ask you what you are doing and why you are not doing anything, you say "Can't you see his muscles?"

I hire you to clean my kettle and while you do nothing about it and I ask why, you say "Can't you see how black it is?"

You are hired to fix the hole in the boat and you really are not repairing it and the water level keeps rising in the boat and I ask, why you aren't fixing/repairing the hole and you reply "What is wrong with you? Can't you see the hole? Can't you see that it was someone else that created it?"


In that situation, I will throw you out of the equation and look for a cleaner who will clean, a fighter who will fight or a repairer who will repair or I will try to do it myself. Whatever the case, at that point you neither anymore qualify to be conferred with the responsibilities you languidly allow to get worse, nor do you qualify for the offices you were equipped with to help you execute those tasks.[/size]

ezenwajosh:
AS FAR AS NNAMDI KANU IS IN PRISON THERE WILL BE NO BETTERMENT..... NIGERIA WILL KEEP SINKING....... RELEASE NNAMDI KANU OR HE WILL KEEP SINKING NIGERIA ECONOMY RIGHT FROM THE PRISON

Eeehn!
Tell us something new this September.

So Dilector don turn to 'sinker'!

Anyway, he won tbe the first and he wont be the last.

Keep dreaming.



Lastpage!

TheGoodJoe:


If Saudi Arabia wasted their Crude Oil Boom like us, they will be in recession now. We wasted ours and drove ourselves into more debt.

Within $50+, NOI borrowed to pay Salaries. We were already in a mess, no matter how you try to blame President Buhari.

Most of you forget that Saudi Arabia is a small country of approximately 27million people with oil output of over 12million barrel per day ( 6 times larger than our output and almost 10times larger now).

It is disgraceful of us of over 200 million people to over depend on crude oil.... Something is seriously wrong with us and our decision makers.

Buhari lacks all the foresight and antecedents to run a successful government, he wanted power but lacks the brain to run it.

abdulwastecx:


Most of you forget that Saudi Arabia is a small country of approximately 27million people with oil output of over 12million barrel per day ( 6 times larger than our output and almost 10times larger now).

It is disgraceful of us of over 200 million people to over depend on crude oil.... Something is seriously wrong with us and our decision makers.

Buhari lacks all the foresight and antecedents to run a successful government, he wanted power but lacks the brain to run it.

no mind them bro. BTW, I am one of yo fan at the property section bro. Under a different moniker, I was the one who praised ur approach to how u educated that lady who wante to build her house in lekki.

obailala:
"Why are civil servants who receive a minimum wage of N18k complaining of suffering?.... Don't they receive their salaries?"

The above statement is exactly how meaningless your question above is. An import dependent nation of 170 million people with a foreign reserve of $28.5billion, an amount which can't meet up to our 3-month import cover, and this meagre sum is accompanied by a significantly dwindled income, and yet someone here thinks it is only when foreign reserves drops to zero that there is a problem. SHould I really be responding to this sort of thing you wrote up there?

Here we go again, quoting another statistical figure he knows nothing about. Oil makes only 15% of GDP but are you aware oil accounts for up to 90% of the Nigerian government's income?

Without adequate infrastructure on ground, with oil boom years wasted without any commensurate capital projects on ground to support the GDP, with power supply as erratic as if it never existed, Nigeria's GDP growth is absolutely tied to oil price; oil price rises, GDP growth rate rises and vice versa. Many ignorantly blame the present government for drop in GDP growth, oblivious of the fact that the free fall started right from the moment oil prices began to decline, long before the new govt came on board. Here's a chart below for your consumption:

www.nairaland.com/attachments/4178677_gdpvscrudeprice2_jpegc5856f214a58ffdca179aefcd84d6ffd

If the oil price drop has nothing to do with the recession, how come the economy started tumbling from mid-2014?... Within the last 6 months of GEJ, the following happened; Naira nosedived from N160 to N230 to $1, GDP growth rate which was comfortably within 6-7% crashed to 2.3%, the nation's foreign reserves dropped rapidly from $38.5bn to $28.5bn, that's a drop of a whooping $10bn in 6 months. As early as February 2015, the FG had to borrow over $2billion to pay workers' salary, petrol importers were owed there subsidies for 9 months leading to an excruciating fuel scarcity in May 2015 before handover (the arrears in owed subsidies were eventually cleared in Nov 2015 by the new govt). All of the following happened when oil still even sold above $65 (as at May 2015) yet someone here thinks oil price has nothing to do with recession in a mono-economic nation which sells only crude, very intelligent!


Once again, a man struggling to feed his family on his salary of 100k suddenly gets this salary slashed down to 40k, and we have some smart asses sitting at home saying incompetence is the reason behind the recession. No need to exchange banters with you; 3 reasons explains why this above logic is too difficult for anyone to discern:
1. Sentiments: hatred for buhari and a pre-programmed prejudice has blocked the ability to be objective.
2. Hunger: The prevailing hunger in the land has reset the person's ability to be objective
3. Ignorance: The person is just ignorant of what's going on in the country and how the economy works.

I set my bet on No. 1 and 3 above for most people in this forum.

I salute your ability to break it down.
But then, those whose thinking is so warped with hatred, will still be blind to whatever reasoning id adduced.



Lastpage!

zeitel:

@lastpage, well crafted piece, you must be an e-warrior, seeing how you went all out 'defending' and breaking the OP's piece number by number.
I won't do same however, I said sth to someone like you; do you go about shouting to your friends and acquaintances that my child is a thief(like you said, most of them already know) or would you rather find a solution and not go shouting about denigrating the child the more.
Also, stop making reference to the last administration ooo, even our Emir of Kano has advised us not to that we have made same mistakes.
I also read you said something about pounding to submission. I honestly don't agree with you on this one. It's pretty obvious ain't it. The rhetoric of pounding has put the NDA in a constant state of sabotaging pipelines. Giving the military more weapons won't guarantee long lasting peace oooo, it ll rather incite to violence.
And finally, stop insulting. You ll grow old someday you know.

No, l am not anything near what you think.
E-Warrior are for kids like you who waste all your time online instead of doing meaningful thing sin "real-life".
I am passed that stage a very long time.

Having made that clear, you need to re-read my piece s-l-o-w-l-y so you can get the drift.
I agree mistakes have been made right from the inception of Nigeria as a country (Regionalism, as practice in the 60's was our best bet so that each region develops at its on pace) but no one can turn back the hands of the clock.
so, we need to deal with the situation.
We have tried diplomacy but some of these people think they are invincible.
Some of them think they can blackmail a Sovereign Govt to submission
Some of them think they have become spirits and try to ridicule the Govt.

The truth is, no matter how powerful you think you have become as a group, the "Government" will outlive and outlast you.

Since they dont want to embrace peace, opportunity of which have been given to them over the years, then we need to try the other alternative: "soften them up" till they see the wisdom of embracing peace.

I am for the development of the ND. I stand with that 100%
But l am also against any group holding the whole country to ransom.

What the Govt is doing is called the "Carrot and Stick" approach.
Govt will cut-off their funding, deny them any chance of re-arming after a prolong operation, arrest and prosecute their sponsors, smoke them out of their hiding, soften them with modern weaponry while at the same time, keeping the door open for NEGOTIATIONS.... if they realize that their arrogant posturing and blackmail is not working.





Lastpage!

BTW: your analogy is utter tosh.

ismart:
no mind them bro. BTW, I am one of yo fan at the property section bro. Under a different moniker, I was the one who praised ur approach to how u educated that lady who wante to build her house in lekki.

Oga thank you sir..

TijaniAbu:


Is Saudi Arabia going through what Nigerians are suffering? Buhari is an outdated idiot. Economic mismanagement is a crime. He will not end well.

Saudi Arabia
With a population of roughly 30 milllion had a foreign reserve of about $750 billion at the start (Aug 2015) of the oil price drop. Today they have about $550 billion, i.e. they have spent roughly $200 billion to stabilise their economy in these 2 years of low oil prices.

Nigeria
With a population of over 170 million (roughly 6 times the population of Saudi) had a foreign reserve of about $38-$40 billion when the oil crash started. As at May 2015 when buhari took over, our reserves had been reduced to $28.5 billion, for over 170 million people. Forex restrictions were therefore enforced as a matter of emergercy to prevent the reserves from falling to zero (Venezuela). Of course enforcing that inevitable forex restriction is what further drove Nigeria into the present recession because businessmen and manufactures couldnt get the forex they needed and 'fair weather' opportunistic foreign investors started moving away to the next location to milk.


Now since you wanted to compare Saudi vs Nigeria, I implore you to compare the figures above and honestly tell us, between you and buhari, who is really the outdated idiot and who will not end well for insulting his elders?

obailala:
"Why are civil servants who receive a minimum wage of N18k complaining of suffering?.... Don't they receive their salaries?"

The above statement is exactly how meaningless your question above is. An import dependent nation of 170 million people with a foreign reserve of $28.5billion, an amount which can't meet up to our 3-month import cover, and this meagre sum is accompanied by a significantly dwindled income, and yet someone here thinks it is only when foreign reserves drops to zero that there is a problem. SHould I really be responding to this sort of thing you wrote up there?

Here we go again, quoting another statistical figure he knows nothing about. Oil makes only 15% of GDP but are you aware oil accounts for up to 90% of the Nigerian government's income?

Without adequate infrastructure on ground, with oil boom years wasted without any commensurate capital projects on ground to support the GDP, with power supply as erratic as if it never existed, Nigeria's GDP growth is absolutely tied to oil price; oil price rises, GDP growth rate rises and vice versa. Many ignorantly blame the present government for drop in GDP growth, oblivious of the fact that the free fall started right from the moment oil prices began to decline, long before the new govt came on board. Here's a chart below for your consumption:

www.nairaland.com/attachments/4178677_gdpvscrudeprice2_jpegc5856f214a58ffdca179aefcd84d6ffd

If the oil price drop has nothing to do with the recession, how come the economy started tumbling from mid-2014?... Within the last 6 months of GEJ, the following happened; Naira nosedived from N160 to N230 to $1, GDP growth rate which was comfortably within 6-7% crashed to 2.3%, the nation's foreign reserves dropped rapidly from $38.5bn to $28.5bn, that's a drop of a whooping $10bn in 6 months. As early as February 2015, the FG had to borrow over $2billion to pay workers' salary, petrol importers were owed there subsidies for 9 months leading to an excruciating fuel scarcity in May 2015 before handover (the arrears in owed subsidies were eventually cleared in Nov 2015 by the new govt). All of the following happened when oil still even sold above $65 (as at May 2015) yet someone here thinks oil price has nothing to do with recession in a mono-economic nation which sells only crude, very intelligent!


Once again, a man struggling to feed his family on his salary of 100k suddenly gets this salary slashed down to 40k, and we have some smart asses sitting at home saying incompetence is the reason behind the recession. No need to exchange banters with you; 3 reasons explains why this above logic is too difficult for anyone to discern:
1. Sentiments: hatred for buhari and a pre-programmed prejudice has blocked the ability to be objective.
2. Hunger: The prevailing hunger in the land has reset the person's ability to be objective
3. Ignorance: The person is just ignorant of what's going on in the country and how the economy works.

I set my bet on No. 1 and 3 above for most people in this forum.

Pally,i dont need to trade banters wv u on this.wish i had that time.Nuff said,ur country is in officially in RECESSION,and u have an incompetent dullard as President.Dude,what could be worse