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Nairaland Forum / Nairaland / General / Politics / Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce (25861 Views)
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Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Nobody: 4:17pm On Sep 08, 2016 |
http://dailypost.ng/2016/09/08/nigeria-recession-hurried-implementation-tsa-ben-murray-bruce/ 14 Likes 2 Shares |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Nobody: 4:18pm On Sep 08, 2016 |
the implementation of the TSA was being done in phases or gradually by the previous govt. the reason was that the previous govt understood the fact that the Nigerian banking industry & by extension the economy was primarily driven by government spending & while there were concrete plans to make it more private sector driven, it knew that pulling out government funds from the banks in one fell swoop would negatively impact the economy, might lead to a recession, create instability in most banks, restrict the ability of banks to loan money to investors, threaten existing loans and other negative consequences. hence the gradual implementation, with banks adjusting gradually to the changing times. But unfortunately for the Nigerian economy, the certificateless cattle rearer who was devoid of economic knowledge and proficiency was voted in and without even considering the repercussions of the swift implementation of TSA, quickly implemented it in full scale and blamed Jonathan for failing to implement it in full scale, of which ultimately submerged the economy into recession. No wonder Obasanjo had to admit that Buhari is not economically sound despite their current fraternization. Buhari not sound in economy, foreign affairs —Obasanjo http://punchng.com/buhari-not-sound-economy-foreign-affairs-obasanjo/ 203 Likes 21 Shares |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by BlackMbakara1(m): 4:21pm On Sep 08, 2016 |
Another flimsy line for bankers to start dancing with... 10 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Khd95(m): 4:29pm On Sep 08, 2016 |
Senator representing twitter constituency alias mr common sense. U seems to be very active online,no traces of u when it comes to nation issues,i mean how come u havent iniated or sponsor a bill to at least drive home ur common sense points 24 Likes 3 Shares |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by obailala(m): 4:31pm On Sep 08, 2016 |
Why didnt oga Bruce raise this suggestion on the floor of the senate when the TSA was being kickstarted? 36 Likes 4 Shares |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by goldman777: 4:32pm On Sep 08, 2016 |
He is very right on dis one even though i detest dis guy and his pdp thugs(tan) guy he understands keynesian economics which is what nigeria needs to do.spend out of recession and scrap tsa for now especially when oil price are down which has spiked a recession banks keep money circulating instead of sitting uselessly in the vaults of cbn.killing access of loans to investors and slowing down activities of govt ministries and parastatals.there by killing foreighn investors confidence to invest in nigeria 19 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Nobody: 4:33pm On Sep 08, 2016 |
. |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Agimor(m): 4:36pm On Sep 08, 2016 |
obailala:Don't mind that twitter senator of a guy .He is good at ascribing blames and will never proffer solutions. 17 Likes 2 Shares |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Nobody: 4:40pm On Sep 08, 2016 |
Lalasticlala http://dailypost.ng/2016/09/08/nigeria-recession-hurried-implementation-tsa-ben-murray-bruce/ 1 Like 1 Share |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by codedguy1(m): 5:20pm On Sep 08, 2016 |
blueto: Totally agree with your submission. 65 Likes 1 Share |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by plaetton: 5:21pm On Sep 08, 2016 |
1 Like |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Nobody: 5:40pm On Sep 08, 2016 |
I concurr. This govt is like a trial and error mechanic. Who takes two months to overhaul a car engine which his competitors achieve in two days. The TSA implementation triggered up to 30% reasons for the recession. 50 Likes 3 Shares |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by sweerychick(f): 5:50pm On Sep 08, 2016 |
President buhari made sudden decisions without properly consulting with experts. And to make matters worse he took a whooping 7months before he appointed his cabinet members, when the damage had been done. It's more like saying your house is on fire and you wait for several hours before calling emergency services. In as much as PDP put this country in a big mess, I solely hold president buhari and his APC counterparts responsible for this economic recession. They acted very late 37 Likes 5 Shares |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by benpedro(m): 5:52pm On Sep 08, 2016 |
We all know. Tell that to the dullard and his zombies! 14 Likes 1 Share |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Nobody: 5:53pm On Sep 08, 2016 |
you de chop turkey de tell me nonsense, how this your twitter post put food for poor man table awon oloriburuku ole. soon you will see them smiling with the presido. 2 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Ask4bigneyo(m): 5:53pm On Sep 08, 2016 |
ok |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by shammah1(m): 5:54pm On Sep 08, 2016 |
I agree with Senator Ben on this. President Buhari should have consulted experts before jumping into it. Even President Jonathan who initiated and started the TSA had to follow due process on implementation. 10 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by siraj1402(m): 5:54pm On Sep 08, 2016 |
Yes because all those leakages where you can steal money further must be blocked. 9 Likes 2 Shares |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Nobody: 5:54pm On Sep 08, 2016 |
Yes and also because heartless bastards like you and other legislooters keep receiving billions in the name of salary. 12 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Nobody: 5:55pm On Sep 08, 2016 |
blueto: you have a point, but a large chunk of the problem is from negligence, folding your arms and doing nothing for 6 months while the economy is at a standstill. 14 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Deepfreezer(m): 5:55pm On Sep 08, 2016 |
That's 100% true 6 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Omeokachie: 5:55pm On Sep 08, 2016 |
We know. Its like reading someone else's letter. You wont understand its full content. APC wanted to cash in on the situation and claim glory of the TSA, not knowing the insider information at the disposal of those who conceived and put it all together. Haven't we heard this over and again...body language fixing the refineries, the stock market, NEPA, etc. Instead of going to work they were more interested in the "my mercedes is bigger than yours" kind of posturing. 27 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by Luckylife(m): 5:56pm On Sep 08, 2016 |
And the incompetence and evil spirit of blame game of APC instead of focusing on fulfilling the heavenly campaign promises hemps on their zombies that voted . 9 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by telemundolady: 5:56pm On Sep 08, 2016 |
this man |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by shaddoww: 5:57pm On Sep 08, 2016 |
The more dis guy talks, d less intelligent he appears. So TSA reduced d price of crude oil, it stopped the release of money for capital projects for months due to budget delay, it reduced our foreign reserves too abi. And lastly, was it TSA dat borrowed money from banks in billions n refuse to pay? 20 Likes 1 Share |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by babyfaceafrica: 5:59pm On Sep 08, 2016 |
Shameless twitter senator 4 Likes 1 Share |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by bayelsaowei(m): 6:00pm On Sep 08, 2016 |
plaetton:guy you and onatsisi na porphets some how..i remember when you opened this thread..you were right some how..in a bid to gather all monies into the TSA many businesses had to suffer.. It's a sorry situation... Locking all monies in one vault and then complain recession is crazy..interest rates too are on the high side... Now is the time for even the smallest business to blossom since we are in recession.. 8 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by todayboy: 6:01pm On Sep 08, 2016 |
obailala: The Fulani in the chamber will shut him up Its better he communicates to Nigeria on Twitter Remember common sense is not common 12 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by todayboy: 6:02pm On Sep 08, 2016 |
Badyear: Kids how much is buhari feeding allowance 8 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by IVORY2009(m): 6:03pm On Sep 08, 2016 |
obailala: lolzz why should he do dat, knowing fully well who Mr Buhari is, he does not want anyone to criticise his govt, if you do, its either AMCON file would be reopened, efcc/Dss would be sent after him or possibily some tax fraud issue levelled on his coy. 8 Likes |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by oduastates: 6:04pm On Sep 08, 2016 |
Nothing to steal anymore Bruce. All those who used to keep government money in fixed deposits and pocketing the interest while staff salaries are left unpaid . Reminds me of that famous paragraph in Adam Smith's writings on the inherent subsidy of private business. They are not making fishing rods to catch fish but they “are in the business of reeling in subsidies.” Reminds me of Adam Smith’s line about the tonnage bounty paid to the white herring fishery and how ‘it has, I am afraid, been too common for vessels to fit out for the sole purpose of catching, not the fish, but the bounty’ (WN IV.v.a32: p 520) Government money goes to the government account. The banks should do what banks elsewhere do. 1 Develop products that they can sell to their customers. 2 Invest in start ups and take a stake in the business. 3 invest in critical infrastructure and collect tolls. e.g build housing or take stakes in building firms. Monthly mortgage payment are like tolls. Likewise A Student loans B Road tolls C Toll bridges D Water. If an when government need them for a programme(e.g to distribute bursaries, farmer's loans) , they will be called upon 23 Likes 2 Shares |
Re: Nigeria In Recession Because Of Hurried Implementation Of TSA – Ben Murray Bruce by emmykk(m): 6:05pm On Sep 08, 2016 |
blueto:the time you took to explain hurried tsa implementation to us is very worthwhile many will understand.it will reduce zombism in this thread 10 Likes |
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