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Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by Nobody: 11:42am On Dec 21, 2016 |
three: You are blessed! Your wisdom is on par with that of King Solomon. 1 Like |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by Nobody: 11:50am On Dec 21, 2016 |
Thunder fire u |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by Halo22: 12:02pm On Dec 21, 2016 |
Fashola.... instead of to accept laxity in your duty, you are here talking rubbish. |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by omohayek: 12:22pm On Dec 21, 2016 |
4Play: That is the most painful thing of all about the current recession. Despite all the excuses proffered by Buhari and his cabinet, it is manifestly clear that his nonsensical policies have seriously worsened a situation that could easily have been ameliorated by a more sensible policy platform. Let the Naira float freely, sell off all non-performing or neglected state "assets" like the refineries and airports, deregulate the petroleum refining business, amend the Land Use Act to strengthen private property rights, start serious work on abolishing as many barriers to business as possible ... None of this stuff is rocket science, yet the Buhari administration has yet to take a single concrete step in the right direction. 2 Likes |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by Zelex9(m): 1:22pm On Dec 21, 2016 |
My father stated the same. He had tried to relocate about back to Nigeria that year but he said things were so bad he decided to stay in the UK for the meanwhile. All in all whether a Recession is worse than another, there are people who are seriously struggling to make ends meet during these periods. Nothing new here, we know Nigeria will survive regardless. |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by 4Play(m): 1:31pm On Dec 21, 2016 |
omohayek: I suspect an explanation for the intransigence of the administration lies in vested interests who exploit the lucrative opportunities the present policy regime provides. Keeping the refineries in state hands provides an opportunity for NNPC officials to milk the country: same goes for airports/seaports. The disparity between the parallel and official exchange rates allows the highly connected to arbitrage, e.t.c. To be fair, this is a long running problem that predates the Buhari regime. The present government simply made matters worse, particularly in its handling of the currency rate. But you are right, the impoverishment of Nigerians is needless. It's downright malevolent and is aided and abbeted by the masochism of Nigerians who are blissfully oblivious of policy alternatives. 3 Likes |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by DASPARTAN: 1:37pm On Dec 21, 2016 |
ALHAJI FASH HOLD IT THERE ABEG ENUF IS ENUFF!, NO CUN TURN US TO BOTTOMBELLE DEY CARI US GO HISTORY, FOR WHAT? WE AIN'T STONE AGED DONT TAKE US TO THE PAST, ITS REAL!! UR GOVT IS ONLY WORSE THAN 1989'S. SO WE SHD LINGER IN SUFFERING!, CHANGE D #2017. |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by Ngokafor(f): 1:58pm On Dec 21, 2016 |
vodutive: ...Awww what a tragedy and shame!!...'A Low Down Dirty Shame'indeed!! ...Imagine what an adult who aparantly prides himself on being intelligent wrote and expects right-thinking individuals to agree with him ...Excuses upon excuse, plethora of excuses and lame justifications for obvious failures on the part of buhari and his apc cohorts.. ...But rest assured that you guys(Apc supporters and buhari) are in for a big surprise in 2019 if this recession persists till then..book mark that. |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by ojinku(m): 2:56pm On Dec 21, 2016 |
TippyTop: Bravo!!! You are quite a good analyzer. Just nothing but the truth. 1 Like |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by Carmal90(m): 6:57pm On Dec 21, 2016 |
vodutive: Sir,corruption is not as bad as incompetence, Jonathan govt was corrupt likewise buhari,what stand him above buhari is he is more competent than Buhari. If he was so good during his first time of rule, why did Nigerians celebrated his removal, IBB govt was by far better than Buhari 18 months regime,he is incompetent..dazzol |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by Nobody: 7:11pm On Dec 21, 2016 |
Carmal90: he wasn't more competent. His incompetence was masked by high Oil prices. No disrespect but it's difficult to explain these things to people who do not understand economics and how economies work. If you did you wouldn't make excuses for GEJ. No disrespect but I dont want to waste my time trying. For instance the lay man thinks when the price Oil is $100, all that money goes to the govt, it doesn't. There are only a few people who understand that when Oil prices drop from $100 to $40, Govt's revenue drops from $30/barrel to $7 and to make matters worse we are earning $7 on 1.6m instead of $30 on 2.2m barrels. If you do the math, Govts revenue from Oil under Buhari is 20% of what it was under GEJ and to make matters worse we are spending half of it importing petrol because GEJ spent all our forex reserves on Subsidy and built no refineries in the good times.....is that competence? We've had Oil booms in the past but all those who presided over them built infrastructure. Gowon, Mirtala/OBJ part1 and Shagari. Most of what you see today was built buy these 3. There was corruption especially under Shagari but at least we had not just something but major projects to show for it. During Obasanjo's second stint Oil averaged $40, he met forex reserves of $3.9B, he didn't do much in terms of infrastructure and his govt was quite corrupt but he paid foreign debts of $18 and left reserves of $45B. This idiot GEJ inherited foreign debt of $3.9B, foreign reserves of $47B, Oil price more than double at an average of $100+/barrel, did not build any infrastructure but left foreign debt of $9B, foreign reserves of $35B and N7 trillion in local debts. what does we have to show for it? Look I have no problem admitting Buhari's failings, but I really don't have time for anybody who in this day an age stands up to defend GEJ, such a person is either unenlightened, uneducated or a brainwashed sycophant. He is by far...no contest, the most incompetent leader and his administration the most corrupt we've ever had. Hear from FFK's mouth https://www.facebook.com/femifanikayode/posts/3939982187431 2 Likes |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by Carmal90(m): 8:22pm On Dec 21, 2016 |
vodutive: If u like write more long epistle, all I and majority of Nigerians know is gej is far more competent than ur tin god Buhari, According to ur analysis we had oil boom during get tenure,and corruption took centre stage, am ok with that, but common simple arithmetic will tell u if u are collecting 100 naira as salary Nd ur COMPANY decided to be deducting frivolous to d extent what u take home is 20 naira, pls tell me what is d difference between u and someone collecting 20 naira from another company, u said gej tenure was exemplified by corruption, what is now happening under saint buhari,nothing, I tell u incompetence is a grievous damage to Nigerians than corruption, cos under corruption there was life. |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by ivandragon: 12:15pm On Dec 22, 2016 |
bbb |
Re: 1989 Recession Was Worse, But Nigeria Survived – Fashola by 0ubenji(m): 8:29pm On Dec 23, 2016 |
idupaul:twice 1 Like |
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