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Fashola's Little Explanation On Economy - Politics - Nairaland

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Fashola's Little Explanation On Economy by investnotspend: 3:16pm On Sep 23, 2016
FASHOLA SPEAKS !!!

"Our government of yesterday expressed its preference for providing ‘infrastructure of the stomach’, giving handouts instead of real infrastructure.

“This is how the seeds of today’s recession were sown. For those who say that today’s government should stop talking about yesterday, with due respect, I disagree.

“Yesterday will remain relevant in understanding today in order to make choices that make tomorrow different and better.

“I once used the allegory of the patient, and I think it deserves repetition. If a patient complains about stomach pain, the first question that the physician is likely to ask is: ‘What did you eat yesterday?’

“The answer helps the physician make a diagnosis and choose a prescription first to solve the problem, and to recommend further dietary habits about what to eat and what not to eat. This is what the current leadership is addressing.

"That we wasted our money, we did not invest in roads, highways, bridges, schools and hospitals. Money was taken out of the larger society and invested in private accounts. The economy began to shrink, construction companies laid off workers, who in turn lost income, which resulted in shrinking demand for goods and services, and in turn led to national under-productivity.

“That was what we ate yesterday. The stomach pain is comparable to symptoms of bad dietary choices that manifest in the recession we now deal with.

“The solution is to spend on infrastructure, which has started. The recovery time is a function of what we can spend and how quickly it will go round… If an arid area of land has not witnessed rainfall in two to three years, you know what happens when the first rain falls. It literally disappears into the ground.

“In order to reach a point where any moisture is visible in the soil that may support the germination of a seed to be planted, more rain water needs to be injected. This is the best analogy I can offer for where our national economy is......."

BABATUNDE FASHOLA.

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Re: Fashola's Little Explanation On Economy by investnotspend: 3:17pm On Sep 23, 2016
Wailers pls read this

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Re: Fashola's Little Explanation On Economy by chernest2002: 4:28pm On Sep 23, 2016
What is minister of darkness saying?

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Re: Fashola's Little Explanation On Economy by Rahym001(m): 4:46pm On Sep 23, 2016
Lalasticlala Front page pls
Re: Fashola's Little Explanation On Economy by NairaandNigeria: 7:09pm On Sep 23, 2016
chernest2002:
What is minister of darkness saying?

You cannot understand because your brain needs manual reset

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Re: Fashola's Little Explanation On Economy by koladebrainiac(m): 7:17pm On Sep 23, 2016
here
Re: Fashola's Little Explanation On Economy by koladebrainiac(m): 7:23pm On Sep 23, 2016
we will keep talking about past leaders they messed things up. They looted our dollars and we are left with nothing.
imagine someone said we need 15bilion dollars to stay afloat . we had this money before. If Those Goats had not eaten our yams we wont be looking for that huge amount of of money or even thinking of selling our assets.

Fashola is right. we are suffering And PDP GEJ brought this upon us. his generations and those who shared in it will not do well in life.
its sad .very sad .

And one even has the gut to come out that the stolen money is her own. imagine. what nonsense .

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Re: Fashola's Little Explanation On Economy by chernest2002: 3:16pm On Sep 24, 2016
NairaandNigeria:


You cannot understand because your brain needs manual reset
and what are you waiting for, come and reset it Mr zombie. Keep leaking their ass make hunger kill you.

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