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Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward - Politics - Nairaland

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Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by socialmediaman: 6:42pm On Nov 04, 2016
Proof That Buhari Alone Is To Blame For Nigeria's Recession, And The Way Forward

Just setting the records straight for reference purposes. This was a publication by the Ministry of Budget and National Planning on their website

http://www.nationalplanning.gov.ng/index.php/news-media/news/news-summary/333-nigeria-s-oil-sector-contribution-to-gdp-lowest-in-opec-blueprint

It can be seen from the publication that Oil accounted for only less than 18% of Nigeria's GDP between 2010 and 2014, when Nigeria recorded most of the high crude oil sales. in 2014 for instance, Oil accounted for barely 11% of Nigeria's GDP. This was the same time when Nigeria had the Biggest economy in Africa; which included Industries like telecoms, information technology, music, online sales, airlines, and film production.

This raises an important question that if oil accounted for a very insignificant part of our GDP, How then could Nigeria have gone into recession due to drop in Oil Revenue?

Since Buhari assumed office in May 2015, there has been a consistent decline in Business and Investment, he has been unable to develop a clear policy direction for his administration. His incompetency, Rushed TSA Implementation, unguarded statements about the economy and against sections of the country which unduly heated up the polity, Stiff Forex policy and Lack of a clear policy direction eroded investor confidence and caused agitation in the Niger Delta Region.

These are the factors which drove Nigeria to a recession. Lets be very clear with this fact and find a way to move this country forward.

One thing is clear, if Buhari does not honestly take responsibility for the mess and seek solutions which include everyone, He may not be able to champion Nigeria out of the mess because Government only succeeds when the stakeholders and people have confidence in it.

God Bless Nigeria

- SocialMediaMan

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Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by psucc(m): 6:46pm On Nov 04, 2016
Buhari himself knows he is the reason why things take to reverse gear in Nigeria.

This position is corroborated by the NANS position that a major feature of any Buhari govt is retrogression.

67 Likes 3 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by INTROVERT(f): 6:47pm On Nov 04, 2016
Na Ngozi write that page grin grin grin grin grin grin

7 Likes 1 Share

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by ever811(m): 7:08pm On Nov 04, 2016
abegi...but pls can you tell me when we could no longer pay salary?...nonsense... GEJ produced 2.28 million barrels of oil per day and sell at 150 dollars buhari 900,000 barrel and sell at 38 dollars..if you have brain,tell me who has the best opportunity to stabilize our economy and develop the country..?

56 Likes 7 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by blackpanda: 7:26pm On Nov 04, 2016
OP I think its better u be quiet and not annoy people further. Theres no ridiculous explanation u can cook up to absolve the clueless ineffectual buffoon.

And btw, there is a difference between revenue earner and GDP.

31 Likes 6 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Nobody: 7:29pm On Nov 04, 2016
Wat a slow presidentundecided

25 Likes 1 Share

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by GenbIoodykiller: 7:31pm On Nov 04, 2016
blackpanda:
OP I think its better u be quiet and not annoy people further. Theres no ridiculous explanation u can cook up to absolve the clueless ineffectual buffoon.

And btw, there is a difference between revenue earner and GDP.


truth hurts isn't it?

158 Likes 13 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by socialmediaman: 7:36pm On Nov 04, 2016
ever811:
abegi...but pls can you tell me when we could no longer pay salary?...nonsense... GEJ produced 2.28 million barrels of oil per day and sell at 150 dollars buhari 900,000 barrel and sell at 38 dollars..if you have brain,tell me who has the best opportunity to stabilize our economy and develop the country..?

And your statistics make Buhari a good leader? Yaradua came in when there was militancy and he brilliantly ended it... You cannot make excuses for Buhari, Nigerians are wiser

189 Likes 14 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Oxenomy: 7:55pm On Nov 04, 2016
His unguarded statements alone did a major blow to the country's economy.. I could remember when he was been advised to stop demarketing the country before the international community, his zombie sycophants said he is honest.. He went out there and tell the world that Nigerians are criminals and all sorts of name.. Because of that, investors started pulling out their money from the economy, (of course who would want to invest in a country where her citizens are criminal?)... All these coupled with the brazen incompetency his administration has displayed so far, brought us to where we are today..

116 Likes 6 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by blackpanda: 8:03pm On Nov 04, 2016
GenbIoodykiller:
[s]


truth hurts isn't it?
[/s]

Yea, but not TRASH!

5 Likes 1 Share

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by GenbIoodykiller: 8:05pm On Nov 04, 2016
blackpanda:
[s]


Yea, but not TRASH!
[/s]

e pain am

Buhari is a terrorist vagabond and an economic bokoharam a useless nonentity kunu drinking bastard burukutu sipping gorilla without brain.

only bastards feels otherwise cool

91 Likes 5 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by drss2(m): 8:07pm On Nov 04, 2016
real economist already knew dis. only buari dullard tinks otherwise.

43 Likes 2 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by GenbIoodykiller: 8:09pm On Nov 04, 2016
lalasticlala Seun obinoscopy front page please

many staunch supporters ( i mean old staunch supporters not all these baby Zombies) knows this some are bold enough to admit it while some are ashamed of admitting it but only a fool will dispute this gross incompetence running through this admin even Buhari knows he's a failure same as his wife who publicly admitted it technically.

shout out to Beremx cool

74 Likes 3 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by HtwoOw: 8:10pm On Nov 04, 2016
Rubbish


Buhari didn't sell crude @120 per barrel


Previous admin looted the country to death


No proofs anyone shows me here and convince me

7 Likes 2 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by GenbIoodykiller: 8:11pm On Nov 04, 2016
HtwoOw:
Rubbish


Buhari didn't sell crude @120 per barrel


Previous admin looted the country to death


No proofs anyone shows me here and convince me

stale cool

66 Likes 2 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by drss2(m): 8:13pm On Nov 04, 2016
Oxenomy:
His unguarded statements alone did a major blow to the country's economy.. I could remember when he was been advised to stop demarketing the country before the international community, his zombie sycophants said he is honest.. Go out there and tell the world that Nigerians and criminals and all sorts of name.. Because of that, investors started pulling out their money from the economy, of course who would want to invest in a country where her citizens are criminal?... All these coupled with the brazen incompetency his administration has displayed so far, brought us to where we are today..
buari dullard has dis ancient notion dat becos he's refered to as man of intergrity (intergrity my foot) world leaders including foriegn investors will fall down n worship him. unfortunately for him, world politics n economic advancement is not based on 12th century principles.

43 Likes

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Izonpikin: 8:15pm On Nov 04, 2016
Make this thing go front page na..."the oil price is low" mofos should come defend our presidents incompetence in driving the country into recession with his stiff approach of governance... undecided

If militants are disturbing it is because this same president looked for their trouble and nuked all the hard plans set by yaradua and gej to maintain peace in the niger delta... undecided


Oil oil oil...hiding behind oil price to cover up for incompetence and foolishness... angry

56 Likes 3 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by ishiamu(m): 9:38pm On Nov 04, 2016
psucc:
Buhari himself knows he is the reason why things take to reverse gear in Nigeria.

This position is corroborated by the NANS position that a major feature of any Buhari govt is retrogression.

3 Likes

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Nobody: 9:38pm On Nov 04, 2016
grin
Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by nigconnect(m): 9:38pm On Nov 04, 2016
Going to comment later.....
Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by obembet(f): 9:39pm On Nov 04, 2016
Which way Nigeria

The Minister of Agric studied French.

The Minister of Education studied Accounting.

The Minister of Solid Minerals studied International Relations.

The Minister of power studied law.

The Minister of communications studied law too.

The Minister of transport studied English.

The Minister of labour studied surgery.

Then President himself has no certificate at all.
Now, if someone still don't understand why things aren't working, then that person need urgent deliverance. ##

142 Likes 22 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by john4reala(m): 9:39pm On Nov 04, 2016
Pls who has Rizlar

2 Likes 2 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by ishiamu(m): 9:39pm On Nov 04, 2016
blackpanda:
OP I think its better u be quiet and not annoy people further. Theres no ridiculous explanation u can cook up to absolve the clueless ineffectual buffoon.

And btw, there is a difference between revenue earner and GDP.

guess he's tribe and get 100k cheesy

52 Likes 2 Shares

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by kings09(m): 9:39pm On Nov 04, 2016
It's good buhari ruled Nigeria. This is the worst president we shldnt have had.

Imagine wat wld hv bn said if he ddnt rule, but now Nigerians know beta.

28 Likes 1 Share

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Olusharp(m): 9:40pm On Nov 04, 2016
Truth be said Buhari is honest but honesty is not enough to rule a country like Nigeria...

4 Likes 1 Share

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Phi001(m): 9:40pm On Nov 04, 2016
What I'm trying to understand is how someone thinks that Oil isn't the major contributor to our revenue.
Just last week, we celebrated oil price hitting $50

50 effing dollars.


OP, I'm afraid you have no case here.




Unless, of course, you're talking about fixing the economy. That is his job.
However, he can't be blamed for the recession.

10 Likes

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Emeskhalifa(m): 9:41pm On Nov 04, 2016
nawa oo
Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by ishiamu(m): 9:41pm On Nov 04, 2016
HtwoOw:
Rubbish

Buhari didn't sell crude @120 per barrel

Previous admin looted the country to death

No proofs anyone shows me here and convince me
guess he's tribe....

14 Likes

Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Nobody: 9:43pm On Nov 04, 2016
abeg ....whoever looted i cant judge you....edakun comangeemi jusss 100k
Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Donkaz(m): 9:44pm On Nov 04, 2016
obembet:
Which way Nigeria
The Minister of Agric studied French.
The Minister of Education studied Accounting.
The Minister of Solid Minerals studied International Relations.
The Minister of power studied law.
The Minister of communications studied law too.
The Minister of transport studied English.
The Minister of labour studied surgery.
Then President himself has no certificate at all.
Now, if someone still don't understand why things aren't working, then that person need urgent deliverance. ##

19 Likes 3 Shares

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