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..?

Ps3ver:

I fault your appraisal of Nigeria's economic recession. Your assertions are largely distorted and misconceived. You don't need a degree to know that Nigeria is a mono economy and a drop in oil prices is largely responsible for the economic recession Nigeria is experiencing. We are not alone though checkout Venezuela and indeed other oil producing countries, they are all in some state of recession.
A recession is occasioned where there is a decline in earnings of a country i.e. a decline in trade etc. Our earnings have dropped as a result of a drop in global oil prices coupled with the massive looting that was meant to cushion the economic slowdown and unrest in the Niger Delta and economic mismanagement of previous governments these are factors to that caused the economic recession and not PMB.
Please before you put up an inflammatory post in the future against the president educate yourself and speak fairly. God bless Nigeria and we pray all the policies and activities of the current government succeed in bringing the people to an era of prosperity.

ngolokante:
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.

Oh common, even a baby knows dat this is a lie... What else were you exporting to account for the remaining 82% of Nigeria's GDP between 2010 and 2014?

drss2:
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.

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.

TijaniAbu:
President Buhari is responsible for national security and anti-corruption. Vice President Osinbajo is responsible for the economy. Therefor Fake Pastor Osinbajo is responsible, and wholly to blame for the recession. A vice president afflicted with deady vices. Fake Pastor

socialmediaman:
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

GenbIoodykiller:
[s][/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

ever811:
there are issues you should ignore as you know you can never contribute meaningfully and my comment is one of those.. oya go and play with your toy..

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..?

Shikena:
Buhari is also responsible for the situation in Venezuela, Angola and Egypt. In fact, every country that failed to plan properly during the boom years have Buhari to blame. When the results of ineffectual buffoonery started coming out towards 2015 election when GEJ's government couldn't even pay federal workers it was all because of Buhari. When Okonjo Iweala warned about the impending situation she was talking about Buhari's government spending recklessness. Same with Sanusi. Nigeria, home of very interesting people. You better enjoy the recession for now and learn from it so no one will fool you with PhD again in future.

Shikena:
Buhari is also responsible for the situation in Venezuela, Angola and Egypt. In fact, every country that failed to plan properly during the boom years have Buhari to blame. When the results of ineffectual buffoonery started coming out towards 2015 election when GEJ's government couldn't even pay federal workers it was all because of Buhari. When Okonjo Iweala warned about the impending situation she was talking about Buhari's government spending recklessness. Same with Sanusi. Nigeria, home of very interesting people. You better enjoy the recession for now and learn from it so no one will fool you with PhD again in future.

Miyachi:


Inasmuch as theses reasons apply, the present government has its faults to no matter how little. The president's cabinet is filled by persons who are largely inexperienced to handle their portfolios. How do you expect any improvements in electric supply when the Minister for Power is a Lawyer. All of these, coupled with his unguarded remarks about the country have done a lot of damage.

The truth is bitter, but we must tell it to ourselves, we've not had a true leader in Nigeria for as far as I know, ( I'm not that old). Even the past president was no saint nor an ideal model. But what I fear most is not even the leaders but the common Nigerian who would defend a leader, even to the hurt of his fellow brother. It is as if we've exalted them to the place of gods that we cannot tolerate someone who criticizes them, even if that criticism has merit. Everything they do is RIGHT, and should not be questioned. I have sought to understand these things, but they baffle me, a lot.

Until we hold our leaders accountable for all their actions and inactions, they will always get away with whatever they do. While we argue and insult each other, they are there gambling with the future of the nation like they don't care.

ransomed:
Stop using IMF indices to deceive us. ND avengers engineered the recession, Treasury looters in fee dee fee and hay fee see put it in motion and elites implemented it.#Nigeriaindicesforrecession.

abbey621:
Can't we just stop this blame game and focus on survival. GEJ could afford to rely on other sectors of the economy to increase GDP due to the fact that 11% of oil at almost $100 per barrel practically ensures Nigeria would never go into a recession. Buhari met the same oil at less than $40 per barrel and an economy stagnant due to his noble but ignorant gesture of trying to nip corruption in the bud. You cannot blame one without blaming the other as they both contributed in one way or the other to this disaster we call recession. The way forward is what every citizen should be thinking of, how do we move away from this dependency on oil? How do we stop the over reliance on imports and continue to grow our exports? Buhari should wake up and see that the people are suffering, sometimes it's best to compromise by thinking of the greater good than trying to fight a justified war that would only result in more hardship for Nigerians.

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.

ArabMopol:
coward ur contribution is irrelevant, Zombies are getting wiser but I wondering why u refuse to apply some common sense, don't worry u will soon follow ur master to the grave

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. ##

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. ##

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..?

demandtruth:


It baffles me to think most of these youth here will grow up and desire to occupy important office in the future in Nigeria.

Their level of thinking is seriously deficient.

How on earth would someone aggregate GDP, Oil prices and not seems to understand the basic underlining principles in economics.

Oil prices money accounts for 90% of Nigeria FX and yet, these ignoramus entities don't know the difference between GDP and FX as it affects the economy.

Even Canada was at a point in recession. Not because of lower GDP but entirely due to this fall in price of commodities especially oil

And to even think that they are in defense of some prodigal leaders that squandered their future makes me wonder what has befallen this country.

INTROVERT:
Na Ngozi write that page

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..?

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..?

delayoyo:
Get your facts right. Knowledge is power.

kommiejewel:
I still don't understand why people are defending this 'President'; are you people not in Nigeria? Can't you see people are dying & starving as a direct result of the poor choices & policies made by this same man? Swallow your pride & stupidity; this country is long overdue for a revolution.
On a side note: Pls, what nonsensical act did the EFCC just perform? How can 70% of the 'successful candidates' be from the north? Was the screening exercise not carried out in other geo political zones? Seriously, this country don taya me