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Nairaland Forum / Nairaland / General / Politics / Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times (30445 Views)
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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: 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: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: 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 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: 2 Likes |
Re: Buhari Has Practically Done Nothing To Grow Nigeria’s Economy - Financial Times by SalamRushdie: 10:04pm On Jul 13, 2017 |
greatiyk4u: 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: 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: |
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: 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 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: 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: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: 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: 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: 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: 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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