sarrki:



Many are quick to point fingers

Some had uncountable failed relationship

And will come out to rain insult on our GCFR

NaijaEfcc:
Dayo Oketola, Success Nwogu, Gbenro Adeoye and Jesusegun Alagbe



http://punchng.com/buharis-economic-policies-not-working-man-nlc-tuc-others/

porozhniy:

Bros,I did not expect any form of magic from Buhari, I expected purpose driven leadership and clear-cut economic policies for the country whilst taking everyone along.
We spend the bulk of the forex we earn importing refined petroleum products and food we can easily produce, yet 18months down the line:
we do not know the direction we're heading in refining our own petroleum products,
we do not have any plans to be self sufficient in milk,wheat,palmoil and rice production.
these important raw materials for the few industries operating in the country.

Note: The 2016 budget bench mark was pegged at $38, crude oil has averaged $45 all through 2016.
Nigeria does not earn all of it's forex from crude sales, Nigerians living abroad remitted $20.8 Billion in 2015.

but then, it seems you know more about this Administration's economic policies, so can you highlight someof the policies adopted by this administration (short term, medium term or long term) to get us out of this recession?

gabe:
People shout economic policy as if words can drag u from a recession. Only cure for a recession is spending. That was what Obama did. He has started spending on infrastucture: over 700billion on roads/rail/housing. We are expecting bumper rice harvest in nov/dec to crash prices. We cant afford a refinery now, but dangote will end fuel import by jan 2018. Make e cut em preek for una?

Amah70:
Bigger worry is: President Buhari may not even understand that his administration's economic policies are not working.

duni04:

Even though I totally disagree (with proof) with some of the points you've raised, I'm happy because you're at least offering an intelligent critique unlike the other fools that just come here and scream buhari.
Saying we're not doing anything about refining crude locally is false. At some point this year, before the bombings began in the Niger delta, we were doing around 60% capacity utilization and producing about 10million litres per day in January.

www.google.com.ng/amp/www.premiumtimesng.com/business/196250-nigerian-refineries-now-produce-6-7-million-litres-of-petrol-daily-nnpc.html/amp?client=ms-android-tecno.

Demand for petrol in Nigeria is more than 30 million litres per day. Even if our refineries are producing at optimum capacity, we won't meet local demand. Hence the need to augment with imports. Now we obviously need more refining capacity inorder to reduce our dependence on imports. The government will not and should not build more refineries because the government cannot manage them as we have seen with the ones we currently have. What we can do is encourage private corporations to build. We have taken the right step towards this by deregulating and allowing the market control prices so that private refiners will nit sell at government prices. When dangote refinery and others come on stream very soon, Nigeria will noy only have enough petroleume products for itself, we will also feed the rest of west Africa.

I'm not sure you've been following the rice revolution in the north and some southern states. With the CBN assisted anchor borrowers scheme, plenty small holder farmers have access to credit to improve on their yield per hectare and get better returns from their produce.

The 2015 budget was indeed pegged at USD 38 per barrel at a projected production of 2.2 million barrels per day. Even though the price of oil has hovered above this for most of the year, we have not been producing more than 1.5 million barrels for most of the year because of those fools in the delta blowing up pipelines. Do the maths. There's an obvious shortfall and a deficit to be filled.
I'm not here to hold brief for buhari or anyone. I'm also a victim of this "change". I'm also buying food at crazy prices. The difference is that I know what the problems are and I know exactly who is responsible. I know who the idiot is that came to LAGOS and gave money from our reserves to Obas for a stupid campaign. I know the idiot that told the national assembly he wanted to use USD2.2 billion to fight a war and ended up sharing the money to his party brothers, money that we desperately need now!
We all know that idiot. Let's put the blame for our problems where we should put it.

sarrki:


Many are quick to point fingers
Some had uncountable failed relationship
And will come out to rain insult on our GCFR

porozhniy:
Removing fuel subsidy and deregulating the market will not build the needed refineries cos the oil marketers will always take the easy way out. Like i replied another poster on here, the smart approach would have been to strong-arm the independent oil marketers into setting up modular refineries or have their licenses not renewed upon expiration (this should be within a given time frame).

Rice has always been produced in Nigeria, we simply do not produce enough, we lack the necessary storage and processing facilities and nothing has changed.
The rice revolution is only happening on the internet (i'm hopeful it'll translate to cheaper prices though).
Blaming the last Administration is not enough cos this present one has done nothing different from the last one.

sarrki:


How sure are you that we practice same religion

I don't care any religion a good man practices

All I want is sincere and purposeful leadership

Which i see in my Commander in chief

I am and will not use religion as a yard stick to select

My leader.

As it stands today Nigeria is a secular state

sarrki:

Morning bro
Pmb is cleaning the mess of the failed govt of Gej
Which Jonathan himself agree to

duni04:

No need to strong arm anyone. Dangote is building a refinery in LAGOS that can cater to the demand of the entire west Africa. That should end this refinery discussion.
To say nothing has changed with the rice situation is being disingenuous and annoying. Nigeria currently produces more than 3million metric tonnes of rice. Demand is 5 million. We import the shortfall. We will surpass this demand and may even become a net exporter of rice in the coming months if we have a good harvest season.
I hate having any kind of argument or discussion with close minded people who will still remain dogmatic even after you present them with evidence to the contrary. Plus I have absolutely no idea why people wish things get worse in Nigeria and attack anyone that tries to make things better. At the same time you see them here praising those bastards that plundered the country and got us to the situation we're in. Are you people cursed?

porozhniy:

No need getting worked up. The thrust of this argument has been a distinct lack of economic direction under this administration,which you failed to disprove. As for the rice situation, i suggest you take a look at this report.
http://gain.fas.usda.gov/Recent%20GAIN%20Publications/Grain%20and%20Feed%20Annual_Lagos_Nigeria_4-21-2016.pdf.
I ask again how has this administration been different from the last one?

sarrki:


Check all the comments above is just from a particular

Section of the country

Why the hatred for pmb ?

So they want everyone to hate him ?

NO

sarrki:


Forget it

Did Jonathan performed to have your support back then?

Don't come and preach story for me

If not for anything I scored him 75%

For exposing how corrupt our system is

sarrki:


Forget it

Did Jonathan performed to have your support back then?

Don't come and preach story for me

If not for anything I scored him 75%

For exposing how corrupt our system is

chinjo:


It is sycophants like you that will make any leader not to succeed. You are still shouting sai Buhari when it is obvious that he has failed. The real problem of this country are the youths. I am very sure u have not eaten and typing from one China phone, free megabyte courtesy of MTN, GLO, AIRTEL and ETISALAT. I strongly believe that it is the same person that brainwashed shekau that has brainwashed u. Zombiesm is really the world deadliest disease. So pathetic.