oladeebo:

tell your kulikuli seller to reduce the price, if refused, boycott her's and buy akara or robo in protest!

How much is it sold for in your 'hood?

DanseMacabre:



How much is it sold for in your 'hood?

3/N5

smartty68:

Daura zombie wailing in penury when actually where we are today is because of Daura master. If he understands what leadership is why are we in mess today

Nonsense

Mr Man go and sleep. If you cant, you can choke yourself in some hard drugs to force yourself to sleep. Your evil wishes and plots against Nigeria may only work for a while but God's Grace will always pull the country through irrespective of the opinions and ill wishes of unwise losers. Now bid it!

FOLYKAZE:


What reality were you looking out for? That free money should scatter on the street? Or that government should dash you money by sitting lame in your room doing nothing?

Recession or no recession, you must get your a.ss up working. Recssion has nothing to do with hardworking individual

In your mind that GSM repairs you do in computer village rate you as hard working and contribute to the GDP of the economy,abi?

You are too dumb a person to engage in any discourse.So look for your class.

WOW! awa country Nigeria is out of recession. How did that happen? Lemme think... Our young boys/men have turned to Yahoo+/ Ghana Burgers, chopping shit to make money (Dont ask me how). So they are buying drinks worth 1M and above. We have Hushpuppies buying more designer Gucci. Our young girls have turned to slay queens.. Hotel businesses are booming. Our bars/clubs are not left out so they are making mega money now.
Is it not wonderful? This Govt. is trying oh. Lemme go to my haus...

CONGRATS NIGERIA
KUDOS TO THE APC
GOD BLESS PMB1523

Mr. President values N100 to sell for $1. Until this is achieved, Recession and Corruption remain.

hatchy:
In your mind that GSM repairs you do in computer village rate you as hard working and contribute to the GDP of the economy,abi?

You are too dumb a person to engage in any discourse.So look for your class.

Dunderhead. Swerve abeg

OLADD:
Dude, this govt is the greatest enemy to itself. Nigeria went into recession largely because of the 6 months wasted on assumption of office contrary to their claims of corruption and plummetting oil price. The multiple exchange rates and banning of 41 imported items; all contributed to the recession in the first place. This latest development shouln't be a surprise since the govt is gradually coming to its senses by reversing its own obnoxious policies.

smartty68:

If you need sense, read this post @Obailala and stop spewing trash

Nigeria had a GDP growth rate of over 6% up until 2Q 2014, oil prices began dropping from Q3 2014 and so did Nigeria's GDP growth rate drop correspondingly. As at Q2 2015 (when power changed hands), the GDP growth rate had dropped to roughly 2% (its lowest in decades). Nigeria's foreign reserves also dropped from almost $40bn to below $30bn just between Nov'14 and May'15; that is to say over $10bn was spent in roughly 6 months by the then govt to maintain the Naira but the Naira still crashed nevertheless from N160 to roughly N230 to a dollar. In late 2014 when oil still sold for $75, NOI already warned Nigerians to brace up for impending doom (recession) if the oil price situation persisted; in February 2015, NOI had to borrow several billions of dollars to pay workers' salaries.

Should I even start talking of the 2015 budget which was purely a 'budget for salaries', little or nothing was contained for capital development, less than N20bn (Naira) was budgeted for the entire Ministry of Works and ALL ongoing projects were halted with several contractors laying off thousands of workers across the country (of course ignorant folks blamed Buhari for the abandoned projects and those job loses). This is not even to mention the fact that fuel marketers were owed their subsidies for 9 months prior to May 2015 due to the same oil price driven cash crunch. All of the above happened when oil still sold up to $65/barrel, but of course, to people who have refused to apply their intellects to analyse situations beyond their nose, it is Buhari who brought recession by appointing ministers late; Buhari would probably have performed MAGIC or a MIRACLE even though oil prices fell further to $28 and oil production was cut by up to 60%.

Now guys, take a good look at the charts below comparing Nigeria's GDP growth rate with oil price:
www.nairaland.com/attachments/5411323_gdp_gifa9b921e6218c89d27c14de9cfcfe7d21
http://www.tradingeconomics.com/nigeria/gdp-growth-annual

Obviously, the sudden free-fall of Nigeria's gdp growth rate from mid-2014 was caused by the oil price shock and the corresponding drop in the nation's forex income; these causative factors persisted and even got much worse beyond mid-2015 (handover) with oil prices dropping to as low as $28 in January 2016 (when Nigeria OFFICIALLY entered into a recession). It is obvious from the chart to any discerning (and non-blind) person that Nigeria's economy was already in a free-fall even before Buhari stepped in.

Now since my gentle economic analysts claim that it was 'Buhari not appointing ministers' that caused recession and not oil price or oil sales volume, I am keen to know what explanation you intelligent economists have for the drop in GDP growth rate (from 6% to 2%) between 3Q 2014 and 2Q 2016 when the supposedly more qualified and brainy leaders still held sway?

Why do I even bother explaining this to people whom I'm sure really don't want to hear it?... People who are hell-bent on feigning ignorance for the sake of just having a political argument (cos I don't believe you guys are actually ignorant in real life).

The bureau of statistics is under the federal government therefore I remain skeptical until it is confirmed by and independent body. This government too dey lie lie