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Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies - Politics - Nairaland

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Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by dre11(m): 2:27pm On Nov 11, 2016
Babatunde Fashola, minister of power works and housing, says the past government led by Goodluck Jonathan cannot say it is responsible for Nigeria’s growth over the past decade.

Fashola said the growth over the past decade was driven by high oil prices, not any economic policy implemented by the Jonathan administration.

The former governor said even Donald Trump who just won the US election knows that infrastructure drives growth, as stated in his inaugural speech.

“In the last decade or so, we experienced growth in the region of about seven, seven and a half, eight percent, but the commentary that followed those growth records was that people were still struggling, and ultimately, the public coined a narrative known as non-inclusive growth,” he said.

“There is a need to invest in infrastructure, and that is the meat of the point. That is the globally tested parameter for driving growth. In the scinece of economic management and governance, nobody has found a different way.

“I say this in the context of those who are tempted to lay some claim to any form of credit about why our economy was growing at seven percent for almost a decade, and I say very very clearly, without mincing words, that I don’t that anybody can fairly lay claim to any economic policy that drove that growth.

“It was growth that was driven by high oil prices. If we agree that infrastructure is the driver of growth, when you get high oil prices, what do you do with it? So, where are those towers, where are those bridges, where are those highways?

“It is fair to concede some initiatives, especially in the same sector in the petroleum industry, about promoting local content, but how far did local content go? It wasn’t in the productive part of oil, the rigs were not locally made, and all the technology wasn’t local.”

Fashola also said flipflop in government policies in the past did not help infrastructural growth, stating that the investor community in Nigeria is so small, and they talk to themselves by day, the same way politicians do to themselves by night.

He emphasized that a flip flop in government policies would make them exit the country almost at the same time.

“Investors must have the assurance that government will not flip flop, and contracts that fail have consequences. There is cost for investors on both sides.

“I recall, just shortly after I became governor, we privatised some refineries, a government came and cancelled it. So we should stop this back and forth,” he said.

Nike Akande, president of the Lagos Chambers of Commerce and Industry (LCCI), who also spoke at the fifth EU-Nigerian business forum, said “the decline in crude oil price has considerably changed our development focus for good”.

“We are taking steps to reduce our reliance on oil. A lot of attention is now being paid to manufacturing, agriculture and agro allied industries, solid minerals, lCT, entertainment and tourism and many other areas in the non-oil sector.

“The government is also focusing on the development of infrastructure to enhance the productivity of the non-oil sector of the economy, infrastructure provision such as power and transport offers tremendous opportunities for investment which the EU investors can explore at this time.

“Time has come for EU investors to put lesser emphasis impediments in the Nigerian market and pay attention opportunities and potentials in the economy.”


https://www.thecable.ng/fashola-oil-prices-drove-nigerias-growth-jonathans-not-policies

11 Likes 2 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by Nobody: 2:29pm On Nov 11, 2016
we are aware. how do you intend to drive your growth?

227 Likes 8 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by dre11(m): 2:36pm On Nov 11, 2016
Fashola said the growth over the past decade was driven by high oil prices, not any economic policy implemented by the Jonathan administration.

The former governor said even Donald Trump who just won the US election knows that infrastructure drives growth, as stated in his inaugural speech.

Some people won't like what he said because he has criticise their messiahs......



When a nations fails to invest in infrastructure.... its definitely living on a time bomb which would explode anytime, and now it was when the major source of forex is down.

55 Likes 3 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by SamuelAnyawu(m): 2:37pm On Nov 11, 2016
Blame Games Again...

It was oil that turned into Nine New Federal Universities cheesy

GEJ Baba We All Miss You

301 Likes 12 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by overall90: 2:41pm On Nov 11, 2016
Finally he agrees there was growth.
thought PDP destroyed everything

362 Likes 23 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by iokpebholo: 2:43pm On Nov 11, 2016
And yet some ppl will still believe this trash, but wait oh since jonathan didnt have a clear policy can mr fashola pls tell me d policy of uncle bubu

206 Likes 11 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by DropShot: 2:46pm On Nov 11, 2016
SamuelAnyawu:
Blame Games Again...


It was oil that turned into Nine New Federal Universities cheesy


GEJ Baba We All Miss You
You should be knowledgeable enough to know the meaning of "we all".
@topic,
Only the genuinely ignorant ones and those blinded by hatred, bigotry and ethnicity will dispute the fact that high crude price was the only reason GEJ was able to record any growth.

The moment oil price crashed to $75 pb, they started borrowing money to pay workers salaries.

58 Likes 4 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by Eazybay(m): 2:47pm On Nov 11, 2016
So there was growth under GEJ That's rocket science.

209 Likes 7 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by DropShot: 2:50pm On Nov 11, 2016
overall90:
Finally he agrees there was growth.
thought PDP destroyed everything
PDP not only destroyed the good things they met, they also created additional problems.

E.g, Boko Haram, empowering militants, emptying of reserves that should have grown beyond $100bn with earnings from high crude price, insolvency of almost all the states of the nation, etc.

28 Likes 2 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by Goghelpme: 2:54pm On Nov 11, 2016
Haters will always find something negative to say about GEJ

132 Likes 7 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by Aufbauh(m): 2:55pm On Nov 11, 2016
GEJ was simply a mishap! He had all the opportunities by virtue of stupendous resources to turn the fortune & future of this great country around for good,but unfortunately He doesn't understand the need of the time. This is why "clueless" will always stick to his legacy.

25 Likes 4 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by mercenary: 2:56pm On Nov 11, 2016
Lazy ass failed minister...

116 Likes 9 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by banki(m): 3:03pm On Nov 11, 2016
SamuelAnyawu:
Blame Games Again...


It was oil that turned into Nine New Federal Universities cheesy


GEJ Baba We All Miss You

yes.....

keep your mouth shut, before jonathan I guess there were no universities inNigeria

18 Likes 1 Share

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by dunkem21(m): 3:06pm On Nov 11, 2016
So there was growth at all at all cheesy

Clowns undecided

92 Likes 3 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by dunkem21(m): 3:09pm On Nov 11, 2016
banki:


yes.....

keep your mouth shut, before jonathan I guess there were no universities inNigeria


Oga, GEJ ensured at least one university in each state.

111 Likes 1 Share

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by pchukwudi: 3:10pm On Nov 11, 2016
DEMONIC LIARS.

[size=18pt]Nigeria’s oil sector contribution to GDP lowest in OPEC - Blueprint[/size]

The rebasing of the country’s GDP in April had clearly underscored the decline in the contribution of the oil and gas sector to the GDP in recent times.

The National Bureau of Statistics, in its third quarter report, said the oil and gas sector contributed about 10.45 per cent to the real GDP in the third quarter, lower than the 10.76 per cent contribution in the second quarter of 2014.

Prior to the rebasing, the contribution of crude oil and natural gas to the nominal GDP was 40.86 per cent in 2011, 37.01 per cent in 2012 and 32.43 per cent in 2013.

After the rebasing, the sector’s share of the GDP stood at 17.52 per cent, 15.89 per cent and 14.40 per cent for 2011, 2012 and 2013, respectively.


Nigeria, Africa’s top oil producer, derives 95 per cent of export earnings and 70 per cent of government revenue from the oil sector, which saw its contribution to the real GDP dropping below 11 per cent in the third quarter of this year.

The decline in the sector’s contribution was attributed to production challenges, which led to reduction in the average daily production of crude oil in the third quarter.

In Angola, Africa’s second largest oil producer, oil production and its supporting activities contribute about 45 per cent of the nation’s GDP. Oil and gas sector accounts for about 60 per cent of Kuwait and Libya’s GDP.

In Saudi Arabia, the cartel’s largest producer, the oil and gas sector accounts for 48 per cent of the GDP. Qatar’s oil and natural gas account for about 55 per cent of the GDP.

About 40 per cent of the United Arab Emirates’ GDP is directly based on oil and gas output, while Venezuela’s oil and gas sector is around 25 per cent of the GDP.


The President, International Association for Energy Economics, Prof. WumiIledare, said, “In Nigeria, the contribution of oil is mostly revenue, and revenue does not translate into GDP if there are no productive activities in the economy, which come from oil. If the local content law is fully implemented, the contribution of the oil sector to the GDP will rise.

“Right now, if you look at the majority of the people that have access to oil revenue, the great proportion is spent on goods and services that are produced abroad. We more or less use the oil money for personal consumption, which are goods not manufactured in Nigeria. That is the reason why you don’t see much contribution from the oil sector to the GDP. The linkage is not deep enough within the productive sector of the economy.

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

CHECK THIS OUT TOO

... ECONOMIC GROWTH

In the years that Jonathan has been President, our economy has grown between 6-7%per annum. This is one of the highest growth rates in the World, bettered by China and a few other Countries. This is the compounded growth rate that has driven us to become the Largest Economy in Africa and the 26th in the World. If this is not a consequence of good economic management, please tell me what is. Even if it happened by ‘luck’, we must still give the credit to Jonathan’s Government. Because if the reverse were the case and the economy was in decline or in stagnation as we had many years ago, we will still have blamed it on his poor economic management. If a man can take the flak for failure, why must we deny him the right to take the credit for success?

]ECONOMIC DIVERSIFICATION


For ‘n’ years, where ‘n’ is not less than 30 years, we had complained that we had a mono economy where oil was everything. But we were “shocked” to see that we now have a fairly diversified economy, led by services at 52%, where oil’s Contribution to GDP has declined to 14% from over 33% in the hey days! and that even Agriculture had declined from its dominant 42% to 22% because of growth in Manufacturing which has climbed from less than 4% to about 7% and such services as Telecommunications and Entertainment taking up measurable positions on the GDP grid at 8.69% and 1.42% respectively. It is not yet déjavu as we still depended on Crude oil and Gas for about 70% of National Income until the recent crash of oil prices which has now moved our non-oil revenue to about 47% of the 2015 Budget proposals, bringing oil revenue to a healthier 53%. If all this are not as a result of Sound economic policies, some of which were started by the Previous Governments, then tell me what is.


MACRO-ECONOMIC STABILITY

For the last four years, Jonathan’s government has sustained Economic policies that had created a stable macroeconomic environment. For the first time in ‘n’ years, our inflation rate dropped to Single digit. This was a feat previous Governments dreamt about but could never attain .Until very recently; the exchange rate remained very stable, operating within a narrow band. This made naira almost convertible and allowed Industrialists and importers plan inventory commitments with greater ease and less apprehension. Even the Interest rates had been trending down and for once in a long time, Farmers and some industrialists were able to obtain credit at single digit interest rate or very low double digits. This has happened, because Jonathan gave free hand to the Professionals in the Central Bank of Nigeria (CBN) and those in the Ministries of Finance, Trade and Industry, National Planning, etc to run with minimum interference. Additionally, he involved the Private Sector in the Economic Management Team where they used real market experience to balance academic economic theories. If this is not good economic management, please tell me what is. Some Presidents in some Countries have been voted out of office because they could not manage inflation!

AVAILABILITY OF FOOD AND OTHER NECESSITIES OF LIFE

It is easy to take things for granted when they are going well, but when they go wrong, we come to realize that certain things are more important than others. People can find time to make an issue of the reduction in our foreign reserves, because we have plenty of food in the market. To be sincere, Nigeria has had an abundance of food. Thanks be to God and thanks be to a revamped Agricultural environment. I am personally surprised that after the recent devaluation of the currency, and some adjustment in the Monetary Policy Rate( MPR), the prices of food items in the market remain fairly stable, keeping overall inflation much lower than I had predicted which indicates a higher proportion of locally produced food items. Does anybody remember 1984-1986, when we had to queue for food items and other necessities, including soaps and detergents in Leventis Stores and other shops. The days of essential commodities ( Essenco) and import licensing when many companies including mine downsized or closed down because they could not bribe to get enough import license .

I am sure Nigerians have taken for granted the availability of Petrol and diesel. In the last couple of years, except for occasional hiccups caused by striking workers( NUPENG & PENGASAN), we have had almost hassle -free availability of Petrol and Diesel in virtually every nook and cranny of the Nation selling at controlled and deregulated prices, depending on your distance from Abuja or Lagos. What is more, the price of diesel began to come down, helping to reduce cost of production for industrialists. I have lived in this Country for long, and from the Military to now, we have never had a better supply situation. Many times in the past, we have spent valuable time running around looking for fuel and sometimes ending up with adulterated or foul fuel. I stand to be corrected. If all these have not happened because of good economic management, then tell me what is.

REDUCING UNEMPLOYMENT

The growing unemployment in Nigeria hit the peak in 2010 following the Global economic crisis which caused a shrinking of the global economy. In 2011unemployment rate in the general population was nearly 24% with Youth Unemployment reaching nearly 50%. But as today overall unemployment has declined to less than 20%( Actually about 15% in the first half of 2014 according to National Bureau of Statistics) and Youth unemployment has gone down to less than 38%. Though these changes may not look as dramatic we would wish, but they have occurred by two pronged approach pursued by Jonathan- Supporting a revival of the Agricultural, industrial, Entertainment, and several other sectors of the economy to provide opportunities for absorbing the youth from the private sector angle and the various efforts being made to create jobs in the Public sector especially through the Various safety net projects of the Subsidy Reinvestment and Empowerment Program( SURE-P). From the Community, Social Women and Youth Employment ( CSWYE) Program, over 180,000 Youth & Women have been employed, over 10,000 Health workers( midwives, Nurses and Community Health workers) have been employed, over 5000 Youths have been trained through the Technical Vocational Educational Training in different Skills and vocations and deployed to several industries while 15000 Have been employed by FERMA in road repairs and Vegetation control, nearly 50,000 hitherto Unemployed graduates have been given jobs through the Graduate Internship Scheme( GIS) across the Nation.

The YOUWIN Programme has enabled several Young Nigerians (especially Women) to receive grant from the Federal Ministry of Finance to set up new businesses through which they have employed other youths. The determined implementation of the local content law in the oil and gas and elsewhere in the economy has created more jobs and more wealth for Nigerians. If these efforts to create jobs directly and indirectly that have led to measurable improvement in the unemployment rate over the last four years do not amount to good economic management, then tell me what is.

PRO- BUSINESS POLICIES/ PROGRAMS

Jonathan’s Government has introduced several policies and programs that are supportive of Businesses, especially local Production. The Pro-Agric policies and programs are well advertised, making it possible for a new generation of Agric Entrepreneurs (Nagropreneurs) to obtain loans at 9%, in addition to unprecedented support to agriculture with a focus on developing the Agriculture value chain. I already referred to the higher level of local food production which has helped to moderate inflation. There is a new Industrial Revolution policy which is focusing on supporting local industrial output. We have seen unprecedented expansion in the Cement Industry which is taking the Country to the level of self-sufficiency in Cement production with possibility of Exporting the excess in the near future. Have we soon forgotten the Cement armada spectacle where our ports were clogged with cement import from all over the World. Like it or not, the local Auto Industry is coming back to life with the new National Auto Policy which seeks to discourage unbridled importation of all kinds of automobiles from all over the World. Many of the World auto companies have started to invest in local production plants. This industrial revival and upgrade is happening in many Industries including mine-the Pharmaceutical where the federal Government has supported a number of local manufacturers to obtain the WHO GMP certification in the last one year, which hitherto had been practically impossible. Now these companies can compete with International and Multinational companies for global supplies.

The Privatisation and the Deregulation Policy which Jonathan has been ‘forcefully’ implementing has virtually transferred power for Electric power to the Private Sector. Though the level of expected improvement has not been attained, we have brought the 15-year story of unbundling NEPA to a closure with reasonable expectation that new investment will flow to truly sort out our Electric Power needs, especially if Government finally sells the Transmission infrastructure. I believe the deregulation of the downstream Petroleum sector will be completed soon and the multiplier effect on the economy will be unleashed. For me the fight against corruption will get strong fillip when we remove the power of discretion and patronage from these sectors through Privatization and deregulation. Since we deregulated Telecommunications, corruption in that sector has died and been buried. That is more effective than sending ten Managing Directors of NITEL to Kirikiri. Not that I am opposed to punishing the guilty. Corruption in Power is in ‘coma’ now and that in Oil and Gas will soon be gasping for breath when we fully deregulate the sector. When we bury the ‘big ‘corruption in these sectors by these policies that take the power of discretion from Public Servants, we can easily deal with ‘smaller’ corruption in government bureaucracy and the private sector.

The level of Policy inconsistency and flip-flops we used to see in the economy in the past has significantly declined, creating more confidence and attracting more investments into the Country with Nigeria receiving the highest Foreign Direct Investment (FDI) in Africa in the last two years or so despite slowing down in oil and Gas and the Security scare not-withstanding. I could go on and on. I have said nothing about the massive investment in rehabilitating major Highways and Rail lines in our country. Last December, I traveled to Kwale from Lagos in five and half hours and traveled by rail from Port Harcourt to IMO River. The last time I did that was in 1992. The trains are running again and the long delayed major road projects like the East -West Road, the Abuja- Lokoja, Benin-Shagamu, Onitsha-Enugu-PH, Kano-Maiduguri and the Lagos-Ibadan Expressway are all nearing completion with significant portions now open to traffic. Have I said anything about the miracle of remodeling 18 Nigerian Airports in one season, with most of them fully completed. The impact of good Roads and other modes of transportation to any economy are too obvious for any further elaboration. Some people who are reading this and who may have joined the bandwagon of those who say nothing is happening in the economy or that Jonathan is clueless, may be angry at me and may think that I am campaigning. But these are facts which are verifiable. Yes, these may not be the best possible but we must acknowledge what is the correct situation. Jonathan may have questions to answer concerning Security or on other issues but on the Economy, my verdict is that he has done well, though could do better.

My bible says “Woe unto them that call evil good and good evil that put bitter for sweet and sweet for bitter “.


May God have mercy.

http://leadership.ng/opinions/409451/fair-jonathan-economy

Mazi Sam Ohuabunwa OFR


DropShot:

You should be knowledgeable enough to know the meaning of "we all".
@topic,
Only the genuinely ignorant ones and those blinded by hatred, bigotry and ethnicity will dispute the fact that high crude price was the only reason GEJ was able to record any growth.

The moment oil price crashed to $75 pb, they started borrowing money to pay workers salaries.

113 Likes 8 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by basingstoke: 3:15pm On Nov 11, 2016
Poster boy, have you returned the 350 million you spent on maintaining your website .?

84 Likes 5 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by kutchs: 3:20pm On Nov 11, 2016
Buhari has been in office for nigh on 18 months without any policy one can relate with and Fasola has the gut to talk.

50 Likes 2 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by LesbianBoy(m): 3:24pm On Nov 11, 2016
overall90:
Finally he agrees there was growth.
thought PDP destroyed everything

I tire o!

67 Likes 3 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by Goke7: 3:24pm On Nov 11, 2016
Fashola has stirred the hornet's nest. na OYO you de o!

runs out of thread! grin

6 Likes 1 Share

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by tuniski: 3:54pm On Nov 11, 2016
pchukwudi:
DEMONIC LIARS.



CHECK THIS OUT TOO




[s][/s]
Gbam

19 Likes 1 Share

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by Bekwarra(m): 4:17pm On Nov 11, 2016
Fashola should shut up jare and face his task of taking us out of this darkness. Ambode is better than the dolt.

6 Likes

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by Caseless: 4:24pm On Nov 11, 2016
That's the truth. He got the "good luck" of oil boom and was flexing muscle as if he knew what he was doing.


No diversification! Where's cassava bread sef?

3 Likes

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by ivandragon: 5:04pm On Nov 11, 2016
when will all these back & forth stop?

first GEJ stole all the money...

now its oil price that grew economy under GEJ (as if oil prices were not high under OBJ & Yar'Adua).

this same BRF said GEJ built a lot of roads. even RA confessed that he never knew we had functioning rail lines.

what about the power plants built?

this same regime admits that we need to spend over $100b (or thereabouts) yearly for the next 10 years to make an impact on infrastructure development in Nigeria.

yet people say we should have saved more. saved for what? a worse time? when even a reserve of $200b won't have solved the problems left behind just to please people that 'am saving'?

population had far outstripped infrastructural & socio-economic development since the 70s. it was always going to be a catch up game.

this regime should kindly focus on its own plans for development.

at the end of the day, it will have it's failures & successes... its pros & cons... its achievements & mess ups.

57 Likes 4 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by Paperwhite(m): 5:27pm On Nov 11, 2016
Aufbauh:
GEJ was simply a mishap! He had all the opportunities by virtue of stupendous resources to turn the fortune & future of this great country around for good,but unfortunately He doesn't understand the need of the time. This is why "clueless" will always stick to his legacy.
So what is Buhari brother

45 Likes 1 Share

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by Paperwhite(m): 5:30pm On Nov 11, 2016
APC remains a failure QED.Talking trash & shit while their abysmal failure is staring them & the whole world in the face. sad

52 Likes 2 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by owobokiri(m): 5:31pm On Nov 11, 2016
Spoken like a rampaging tribalist. . They made you a minister of the federal republic and you are busy biulding clannish roads in your section of the country.

38 Likes

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by RZArecta(m): 5:32pm On Nov 11, 2016
Pls Oga Fashola, can you point out only ONE Buhari policy ? Especially the one that has been beneficial to this country in the past 18 months

72 Likes 3 Shares

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by Nobody: 5:35pm On Nov 11, 2016
Ok
Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by drss2(m): 5:36pm On Nov 11, 2016
yet non oyel sectors such as agriculture, service sector, nollywood etc accounted for nigeria's high gdp growth under GEJ according to nbs statistics.
well fashola will say anytin to defend his master's incompetent govt.
statistics don't lie.

53 Likes

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by gurunlocker: 5:38pm On Nov 11, 2016
These guys hasn't stopped this blame game? this is the 18 th month.... At least he did something.

what has the dullard done?

33 Likes

Re: Fashola: Oil Prices Drove Nigeria’s Growth Under Jonathan’s – NOT His Policies by desire21a: 5:45pm On Nov 11, 2016
dre11:






Some people won't like what he said because he has criticise their messiahs......



When a nations fails to invest in infrastructure.... its definitely living on a time bomb which would explode anytime, and now it was when the major source of forex is down.

1 Like 2 Shares

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