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Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times - Politics (7) - Nairaland

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Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by deomelo: 9:24pm On Jul 13, 2017
kizyalex10:
sounding as if u re confused.who re the pdp u re referring to,orji uzo kalu was once a member,amaechi,even el rufai was a minister then.infact 80 percent of apc nw were once pdp members, even some people re still dumping pdp for apc nd yet apc re accepting them,does it mean that they re nw saints?even corruption as u stated,who thief pass amaechi nd tinubu in dis Morden day democracy but they funded this apc led govt into power.so hw can buhari justify his fight against corruption whhen d chief culprit have nt been summoned instead reward them with ministerial appointment.

How convenient for you to refer to the APC as APC led government, but not the same term to qualify PDP led government even though there was a PDP led government regardless who left that corrupt, incompetent and worthless party, but you refused to use that term for deceptive, dubious and unintelligent reasons.


Your best defense should be the economic programs and diversification policies the PDP led government put in place while in power for 16 years, not the silly, pointless and irrelevant argument about people leaving and entering the party.

Or the fact that members of the party left means Jona or all the PDP presidents were not responsible for the country or their manifesto went inside shalanga because some members of the party left to join another party?

You people come up with the dumbest rubbish ever.

Only in Nigeria people make silly and dumb distinctions on behalf of incompetent people
Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by ddippset(m): 9:31pm On Jul 13, 2017
princejayboss:


This is what I hate, good intentions is nonsense reason ... he failed QED
whatever makes you sleep well at night.
Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by deomelo: 9:41pm On Jul 13, 2017
princejayboss:


This is what I hate, good intentions is nonsense reason ... he failed QED



The president who generated the largest earnings in the history of Nigeria and left us with nothing did not fail.


The president who generated the largest earnings in the history of Nigeria and was still borrowing to pay salaries in 2014 even when oil was selling for close to $100 did not fail.


The president who generated the largest earnings in the history of Nigeria and didn't save 1 kobo did not fail.


The president who generated the largest earnings in the history of Nigeria and did not put in place any diversification policies in place did not fail.


The president who generated the largest earnings in the history of Nigeria who handed $2 billion to Dasuki to share with his friends and cronies did not fail.



... but he failed miserably according to his own useless and incompetent finance minister in the video below.


She told the truth and explained the reasons why we are in this situation so you ignorant jokers might want to just shut up.



https://www.youtube.com/watch?v=ltrsjqTE_p8

1 Like

Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by SalamRushdie: 10:01pm On Jul 13, 2017
ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no Igbos and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

I knew you shameless people will no attribute his failure to ILL health ..If you don't know that Buhari's poor mental capacity and poor judgement is responsible for his ill health and the pipeline blow ups then I assure you that your IQ is somewhere below 60

3 Likes 3 Shares

Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by Nobody: 10:03pm On Jul 13, 2017
SalamRushdie:


I knew you shameless people will no attribute his failure to ILL health ..If you don't know that Buhari's poor mental capacity and poor judgement is responsible for his ill health and the pipeline blow ups then I assure you that your IQ is somewhere below 60


grin grin grin grin grin grin

2 Likes

Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by SalamRushdie: 10:04pm On Jul 13, 2017
greatiyk4u:
Nonsense..........the guy contradicted himself in the write-up


First, the writer said Nigeria economy growing is not feasible and even compared it with the possibility of a cat thrown from 50storey surviving


In the concluding part, he claimed that Yemi Osibanjo is competent and he is showing it


Since PYO is the acting president and competent, it means Nigeria economy is mostly likely gonna grow


Any way, it was the writers opinion that was displayed as that of the Financial Times



There is nothing to rejoice about because they once called GEJ an INEFFECTUAL BUFFON

Buhari incompetence cannot be hidden bro just accept it , the man was short sighted , poorly educated and mentally deficient to lead anything successfully

3 Likes 1 Share

Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by deomelo: 10:09pm On Jul 13, 2017
SalamRushdie:


Buhari incompetence cannot be hidden bro just accept it , the man was short sighted , poorly educated and mentally deficient to lead anything successfully


Unfortunately for you, we know your ipobitch status, bigotry, hatred, tribalism and bitterness are the foundation and source of your meaningless rubbish and not because you really care or give a damn about Nigeria.


You jokes really need to keep your crocodile-tears for Nigeria.
Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by kizyalex10(m): 10:10pm On Jul 13, 2017
deomelo:


How convenient for you to refer to the APC as APC led government, but not the same term to qualify PDP led government even though there was a PDP led government regardless who left that corrupt, incompetent and worthless party, but you refused to use that term for deceptive, dubious and unintelligent reasons.


Your best defense should be the economic programs and diversification policies the PDP led government put in place while in power for 16 years, not the silly, pointless and irrelevant argument about people leaving and entering the party.

Or the fact that members of the party left means Jona or all the PDP presidents were not responsible for the country or their manifesto went inside shalanga because some members of the party left to join another party?

You people come up with the dumbest rubbish ever.

Only in Nigeria people make silly and dumb distinctions on behalf of incompetent people.now my dear friend,u get me wrong,am nt in support of any political party nd as a matter of fact.i don't even have a voters card.what am trying to point out is that,politicians in dis part of the world have one thing in common,to loot us dry,irrespective of the party,they say no permanent friend or enemy in politics,but permanent interest.so killing urself over a political party is useless.my point earlier is for u to knw that,people in power try every means to fustrate d opposition including making u believe dat d past administration was bad.yet dose administration with their looted money brought them to power after switching allegiance.




Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by Sonoyom(m): 10:20pm On Jul 13, 2017
Buhari is past tense

2 Likes

Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by deomelo: 10:23pm On Jul 13, 2017
kizyalex10:
.now my dear friend,u get me wrong,am nt in support of any political party nd as a matter of fact.i don't even have a voters card.what am trying to point out is that,politicians in dis part of the world have one thing in common,to loot us dry,irrespective of the party,they say no permanent friend or enemy in politics,but permanent interest.so killing urself over a political party is useless.my point earlier is for u to knw that,people in power try every means to fustrate d opposition including making u believe dat d past administration was bad.yet dose administration with their looted money brought them to power after switching allegiance.



You can make whatever argument or formulate any opinion you desire, buy you can not under in guise say to Nigerians that the last PDP government wasn't bad.


My question is, was the last PDP admin good or bad?
Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by ephi123(f): 10:48pm On Jul 13, 2017
Buhari has truly and indeed disgraced his followers, see them running helter skelter to give excuses for his glaring failure. Nice one from ghost worker Bubu grin grin

1 Like

Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by loomer: 11:27pm On Jul 13, 2017
Make una oyibo keep quiet jare. No be all of una sell this market for Nigerians to buy?
Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by Goddex: 11:30pm On Jul 13, 2017
abbeyty:
Do we need any financial time to tell us that ? We also need to declare the president as a ghost worker

My brother.....
Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by Mrjo(m): 11:52pm On Jul 13, 2017
ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no Igbos and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.
very dump, militancy for hw many years? Their activities didnt last upto 6 months, When did ipob activies effects enconomy?

1 Like

Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by TijaniAbu: 1:07am On Jul 14, 2017
Financial Times should direct their qustions to Osinbajo whai was in charge of economy
Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by SalamRushdie: 1:26am On Jul 14, 2017
TijaniAbu:
Financial Times should direct their qustions to Osinbajo whai was in charge of economy

Its your Hausa Blood that's speaking try and use Ur common sense to speak next time bro

1 Like

Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by Nobody: 4:55am On Jul 14, 2017
zanga420:
I'm replying for that Amen you said. It means you put your believe in what you say. As they normally say 'put your money where your mouth is' even if you might be blinded in your belief. But don't bring insults to this discussion, I want us to reason without being beclouded. Simple reasoning 1+1=2. Nobody hate buhari rather he had opportunity to prove his critics wrong yet he's giving them louder voice with his actions and inactions to prove that his antecedents they was right.
1.Please is it today that oil prices started fluctuating in the international market.
2. You didn't answer my questions about firms closing down in contrast to the promise of we producing on our own which means having more firms.
3. Is it budget that oil price fluctuations affect or firms operating and manufacturing.
We are talking of bad policies that crumbled the economy you're talking of oil price.
Alot of wrong actions taken initially that messed up things is what brought us here not oil. Oil only affects more of budget and it's capital/recurrent expenditure.
Unfortunately when most of those unfavorable policies were looked into things have already gone south. Please stop defending things that lack logic and reasoning. Enjoy

Interesting points you raise.... Well..

1.It isn't today that oil prices started fluctuating. OIl prices actually started falling back in July 2014 from above $100 per barrel, to around $75 per barrel by 2015...when Buhari took over, to around $29 by Feb 2016. We had the same fluctuation in 2008/9....but we did not feel it because of Yaradua's miser like approach to our finances.(he saved, and saved. GEJ did not)....and also because oil did not drop below $60.

2.Firms are closing down for the simple reasons that
a) It is already difficult to do business in Nigeria
b)Many of those firms import certain raw materials, and equipment needed for production. And as oil prices have fallen, the amount of dollars flowing into the country has fallen. (Remember that oil fell from above $100 in July 2014 to $29 in July 2016)
c) The government, as a result, has to restrict dollars flowing out of the country....BECAUSE ...if we did not do that.....we would be having runaway inflation by now, and $1=N5000 or more.
d) Firms close up shop because it is difficult to get dollars to import stuff, AND because it is difficult to remit dollars. (It is a catch 22 situation....restrict dollars, the economy suffers. Let the dollars flow....economy suffers.).
e) And because we do not have enough dollars....the value of the naira has fallen.....meaning it is more difficult to get dollars
(I did not mention the different exchange rates largely because that is another discussion....and it is a flawed policy).

3. Budgets are statements of policy. SO...if a government has to borrow to fund the budget (like NIgeria does...and remember, we were borrowing even before PMB arrived...when oil was falling)....that does not inspire confidence in the government's economic policy.

ALso, as I have said in my first two points...the restrictive polices on forex .....which are meant to prevent us from draining our scarce forex reserves (every oil producer has this problem. Saudi lost $150 bn between 2014-15 , Venezuela is down to its last 10 bn US dollars. NIgeria has $30bn)..means that firms get it difficult to get forex to import stuff they need to function....and to remit dollars abroad if they are foreign companies. Hence their closure.

(Etisalat pulling out is a classic example. They took a loan to finance their operations, now the banks want their money back....in dollars, not naira. Meanwhile, their suppliers want their money in dollars, not naira.And it is diffiuclt to source for dollars...from wither govt or the parallel market).

TO sum up.....the problem is NIgeria's reliance on money earned from selling raw materials...which isn't stable because prices fluctuate well well. Back in the good old days...when we exported a variety of products....we could earn a lot of cash from other stuff. Not anymore.(Keep in mind that oil did not become a major cash earner till the 1980's..).

We have to change from that to manufacturing....which means a long lean period...while we take the necessary economic and social corrective measures. That is not a vote winner. Better to wait for oil to rise again....
Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by Goddex: 5:59am On Jul 14, 2017
This Buhari and APC govt is the worst in history

1 Like

Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by ashjay001(m): 6:29am On Jul 15, 2017
whirlwind7:
Fact.
A fact so obvious to anyone with half a brain, you will have to wonder why his online asslickers, especially here on NL could still summon the courage and shamelessness to support an intellectually bereft relic. You'd think they didn't know how woefully he performed in 1984. It was Tunde Idiagbon who actually did all the job, while Bubu, as the military head of state, took all the glory.

Pardon him for he knows absolutely zilch about running any economy. What about his anti corruption and anti terrorism crusade? If he doesn't have the foggiest idea of demand and supply and market economy, what about his so called integrity that wouldn't permit any thieving politician or any deranged jihadist to walk free?

Ah! Tinubu and his sophisticated brothers have brought such a mess upon us, that it would take a decade to break even from the horrible medieval voodooism mallam Bubu is torturing us with.

If we are to pardon most of the youths who campaigned and voted for an inept Bubu because they were too young to realize how empty he was in 1984, what about the "old cargoes" who were adults back then? The "elders" who retrieved a relic that ought to be consigned to a museum, forced him to wear suits and look presentable, so that lobotomised folks (the ones called zombies) would still vote him into power.

Emmm...the people deserve the sort of leaders they get. Nigerians have shown they are too dense to rise above tribal and religious sentiment to vote a worthy candidate into office.

As at today, Bubu is the best Nigerians can offer. He is the best among all of us, which is why he was made number one citizen. Pathetic!

One peeved off, myopic wailer!?
Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by Adminisher: 7:05am On Jul 15, 2017
What a disgraceful post?
Lies. The Financial Times never even carried this article and the blog that is flying with it is discredited. OP, try harder now
Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by princejayboss: 1:07am On Jul 18, 2017
deomelo:




The president who generated the largest earnings in the history of Nigeria and left us with nothing did not fail.


The president who generated the largest earnings in the history of Nigeria and was still borrowing to pay salaries in 2014 even when oil was selling for close to $100 did not fail.


The president who generated the largest earnings in the history of Nigeria and didn't save 1 kobo did not fail.


The president who generated the largest earnings in the history of Nigeria and did not put in place any diversification policies in place did not fail.


The president who generated the largest earnings in the history of Nigeria who handed $2 billion to Dasuki to share with his friends and cronies did not fail.



... but he failed miserably according to his own useless and incompetent finance minister in the video below.


She told the truth and explained the reasons why we are in this situation so you ignorant jokers might want to just shut up.



https://www.youtube.com/watch?v=ltrsjqTE_p8




You can't give what you don't have, travel out of Nigeria and your eyes will be wide opened..... Nigeria is a hopeless nation

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