|Join Nairaland / LOGIN! / Trending / Recent / New|
Stats: 2,055,673 members, 4,423,615 topics. Date: Tuesday, 21 August 2018 at 03:00 AM
Leah Olusiyi Solomon Knelt And Cried Before President Buhari In Aso Rock. Photos / See Question APC Asked Nigerians Before They Took Over(photo) / Read This Before President Osinbanjo Deletes It. (2) (3) (4)
|Recession: 5 Facts Before President Buhari Took Over Power In 2015 by progress69: 8:57am On Dec 30, 2017|
In the face of the recession Nigeria is currently coming out from, there have been several attacks on the current administration.
Here are 5 indisputable facts before the current government came into power. Recall that as at Dec 2014, oil price was still above $64/barrel.
1. 27 state governors were owing back log of salaries as at May 2015 when this government took over hence the bail out funds approved for governors. Despite this bail out funds, many refused to meet their obligations.
Buhari in ‘bailout’ meeting with governors- June 23; 2015
With a view to breaking the ice over the “salary crisis” in most of the states, President Muhammadu Buhari will on Tuesday meet with the 36 state governors, Femi Adesina, presidential spokesman, has confirmed through his Twitter handle.
Why have Governors refused to pay salaries, allowances in spite of bailout funds? - Dec 30, 2015
Some states are still defaulting in their financial obligations to their workers in spite of the bailout funds by the Federal Government to assist them to pay outstanding salaries and allowances. Recall that the Federal Government released N338 billion to 27 states as bailout funds to pay their workers backlog of salaries and allowances.
2. Federal Government was borrowing to pay 2015 salaries.-May 6, 2015
Nigeria borrows to pay salaries with cash crunch worsening. (Vanguard)
A cash shortage caused by low oil prices has forced Nigeria to borrow heavily through the early part of 2015, with the government struggling to pay public workers, officials said Wednesday. “We have serious challenges. Things have been tough since the beginning of the year and they are likely to remain so till the end of the year,” said Finance Minister Ngozi Okonjo-Iweala.
3. Oil marketers were owed billions, led to a fuel scarcity that paralyzed Nigeria, even banks were closing before time, telecoms operators were sending texts about expected disruptions (never in Nigeria have this happened until 2015)
Nigeria fuel shortage cripples businesses, banks and flights - 25 May 2015
Nigeria is being crippled by the fuel shortage that the country has been experiencing for more than a month.
4. Okonjo-Iweala who many people in the opposition believe would have done better or saved the economy warned of tougher times as oil slipped low to about $76.
Brace for tougher times ahead, Okonjo-Iweala tells Nigerians -NOV 2014
Nigerians should brace for tougher economic times ahead, the Minister of Finance, Ngozi Okonjo-Iweala, has said as crude oil prices slipped to a four year low on Wednesday.
5. Falling Foreign Reserves
Nigeria’s foreign reserves drop to $29.13 billion
Nigeria’s foreign reserves fell to $30.04 billion by Thursday, November 26, the Central Bank of Nigeria has said.
With the above facts, every sane discerning mind will see that Nigeria was already in a mess before the change of power.
The question everyone should be asking now is where are the infrastructural developments that can justify all the money Nigeria made in the past 16 years of PDP's rule particularly in the last 7 years of PDP's rule when Nigeria made alot of money from crude oil sales?
140 Likes 27 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by progress69: 8:57am On Dec 30, 2017|
madridguy:my brother, we all know the havoc terrorists caused on oil pipelines and and installations. for almost a year the president had to deal with that issue with oil price going as low as $28/barrel. Now crude oil have started picking up, and we are getting more revenue from diversification efforts, we can see some improvement with Nigeria gradually sliding our of recession. This is not about being a Buharist, we have to be fair. Our National reserves have started growing despite all the harsh conditions, things are gradually beginning to improve. by the end of 2018, much difference would have been notice. All i want now is for Baba to put an eagle eye on desperadoes like Atiku who will do anything to sabotage the government to grab power that he can never reach. Sai baba
114 Likes 12 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by madridguy(m): 9:02am On Dec 30, 2017|
Good analysis by fellow Buharist OP.
My contribution is that Sai Baba was brought in to power as a substitute just like a football player to replace GEJ and we expect wonders from him.
Nigerians knew the damage and havoc the satanic party has caused, reason we booted them out, so we want more from PMB.
To Whom Much is Given, Much Is Expected.
Sai Baba we need the CHANGE we massively vote for.
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by Guestlander: 9:04am On Dec 30, 2017|
For many of Buhari's critics none of these ever happened. Even if it did, Buhari should have used the magic wand he got on inauguration day to conjure up more dollars and set everything right by now.
78 Likes 9 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by tobillionaire(m): 9:07am On Dec 30, 2017|
overdependent on oyel crushed everything
9 Likes 2 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by khadaffi(m): 9:38am On Dec 30, 2017|
Every sane Nigeria saw that we were already in a mess except your Buhari who promised to change everything. Except you want to blame Nigerians for trusting him. Was ur prdsident not aware of everything you highlighted before promising change?
Are Nigerians now wrong for expecting him to fulfill his promises?
Put in mind that the factors you listed were in place before he made his campaign promises. And most of his party men were in the last administration so they knew the state of the economy before lying to Nigerians. Infact if you can recall even Gej said Buhari will not be able to change anything immediately he (Gej) lost
All these nonsense propaganda will not help him. Its not too late he can still win the peoples heart if he sincerely want to.
180 Likes 11 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by superstar1(m): 9:45am On Dec 30, 2017|
Pigidiotic Ipods, children of hatred, Looting PDP, Professional Wailers, FFK, Reno and Fayose can run but can never hide from the obvious truth.
Jonathan and his bandit of 40 looters crashed a once vibrant economy with their insensitive, insane, reckless and wanton looting.
48 Likes 5 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by hypertension(m): 9:48am On Dec 30, 2017|
Seem like madridguy is nolomger a BMC...
Or probably he is now feeeling the recession....
I still dont know the way forward for nigeria because after next election we will have same criminals and we will continue to keep wailing..
If you put the country in a microscope, its hard to find a diagnosis.
Even sane minds cannot get it right.
But God willing, we will get there.
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by Toketimt: 9:48am On Dec 30, 2017|
U are right on point however there is need to constantly remind Nigerians where we are coming from knowing fully well that my country men are highly forgetful.
Much is expected no doubt but will take appreciable time.
22 Likes 1 Share
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by Jaideyone(m): 9:53am On Dec 30, 2017|
good one OP. Saudi Arabia had over 500b dollars in foreign reserve during the oil boom. Saudi was able to defend it's economy with it's foreign reserve. Nigeria refused to save during the oil boom and there was nothing w would use to defend the economy when oil started selling at $40per barrel.
the recession was unavoidable!!!
56 Likes 3 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by madridguy(m): 9:54am On Dec 30, 2017|
Sai Baba till final whistle.
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by rottennaija(m): 9:57am On Dec 30, 2017|
The Akwa ibom state government is still owing backlog of salaries and promotions arrears.
Below is what has been said by one of udoms supporters. It really reveals how much udoms things of the ordinary civil servant. Let me quote him directly.
When was it greedy to want what is truly yours? You worked for more than a year and was not paid. You got promoted but the promotion salary withheld from you. Now, this man above who does not know anything, who knows nothing of civil service contributions to the state is hear talking nonsense.
Whatever you are working now for udoms will end someday. And you will regret those whom you look than on. It's called karma
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by FOLYKAZE(m): 10:01am On Dec 30, 2017|
You want Buhari to perform Wonders. Is he a Magician or a kind of divine creature?
27 Likes 2 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by rottennaija(m): 10:02am On Dec 30, 2017|
Then give him time. It's far more easy to destroy than to build. Even Obama couldn't recover US economy in his first term. Give him time. For me, I am prepared to wait patiently, while he lays the foundation for a future Nigeria
53 Likes 3 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by FOLYKAZE(m): 10:03am On Dec 30, 2017|
One lost soul is seeking for wonder as if Buhari claimed he is a Divine being that can perform Magic.
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by haryorbarmie83(m): 10:04am On Dec 30, 2017|
President Buhari, remains the hero.
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by dollarcoolcat(m): 10:04am On Dec 30, 2017|
God bless and further strengthen ur knowledge op.. Nigerians seems to forget in a hurry! Many things were beyond fast repairs, but we're just too forgetful and mostly hypocrite
38 Likes 3 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by NgeneUkwenu(f): 10:08am On Dec 30, 2017|
lalasticlala won't even look this article..perhaps, he is busy looking what Fayose or FFK said to President Buhari..
11 Likes 1 Share
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by FOLYKAZE(m): 10:11am On Dec 30, 2017|
Thanks OP for the well detailed and articulate write up. Many damages was done by GEJ and his goons in the past years before the emergence of PMB. However, we acknowledge Buhari is trying to revamp the economy, curtain insurgency and cripple corruption. But he seriously does need to do more by increasing his tempo
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by 2cato: 10:13am On Dec 30, 2017|
When buhari was making promise opon promise was the op sleeping I can see that buhari and his bmc are the dumbest of all humans.
24 Likes 1 Share
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by FOLYKAZE(m): 10:32am On Dec 30, 2017|
Buhari has been working and is working on his promises. I mean the one he made by himself and not one you concorted from your blocked head.
Buhari personally made three promises. He promised to work on Revamping the Economy, Fighting corruption and Improving security. These are the three promises he made and he is on track
36 Likes 4 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by Toketimt: 10:33am On Dec 30, 2017|
Are u ok? Didn't Jonah-daft promised us floating cities here in ND? Did u for once asked and demanded for it?
Besides, many of these so called promises attributed to him never emanated from him. When Buhari was going around campaigning, many of ur kind were not listening because u never believed for once that he would win. U were busy chasing shadows, succking Jonah-daft cocck, looking for a certificate that was not lost, believing ffk lies and content with watching propaganda videos prepared by AIT against him and Tinubu. A documentary they have since apologised for but not to those that have been gullibly deceived.
Only a shameless fool who never believed him or voted for him will now be talking about being dissapointed. Leave the dissapointment for those that believed in him.
66 Likes 11 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by Stycon(m): 10:43am On Dec 30, 2017|
It's not about the state of the economy at transition, it's about the appropriateness of the current government's response to what was/is on ground.
Ofcourse, if the economy doesn't need a saving, we won't be scouting for a saviour. And it currently appears that the proposed saving strategy is more of a propaganda than a plan.
That said, we still have a year to see if the change promised was really delivered ~ retrospectively.
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by progress69: 11:18am On Dec 30, 2017|
2cato:typical yoot, no analytical reasoning. u are one of the reason why reasonable people have left NL for kind. Just spit garbage and get likes from ur kind. u should just STFU if u have no reasonable or meaningful thing to say. Ekpa! common sense is far from you
Stycon:i wouldn't know if u are one of those who lie daily on NL. what the ipod yoots and PDP looters have always said was that a booming and vibrant economy was handed over to Buhari who crashed it. That is first the point of this thread. Yes we brought Buhari in, but he is no Magician, he dealt with a lot of challenges for almost or over a year when he came in first, from terrorists blowing pipelines, to oil crashing to $28/barrel which is below the production rate and he managed to keep the country afloat. we have seen massive improvements in Agriculture, solid and mineral resources sector and we have also seen an increase in non oil income revenue. Buhari is no magician, he may have made many mistakes, but he was and is still the wisest choice. I sometimes wonder what would have happened if PDP continued.
38 Likes 4 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by henrysam(m): 11:36am On Dec 30, 2017|
One expected your Buhari to swing into action when we all realized things were in a mess as you said. But what did your god do dilly dally and junket in round the globe telling who cares to listen that the whole country is corrupt. Delayed for 6 good months to choose ministers and at the end chose round peg in a square holes as monsters and special aides
8 Likes 2 Shares
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by 2cato: 11:37am On Dec 30, 2017|
Toketimt:demdem the chief mo.ron of nairaland how far
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by imhotep: 11:40am On Dec 30, 2017|
34 Likes 1 Share
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by Ovamboland(m): 11:40am On Dec 30, 2017|
But in all honesty, do you think giving power back to those whose methods caused the problem is the way out?
What has changed with them to earn our trust?
11 Likes 1 Share
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by naijaboy756: 11:42am On Dec 30, 2017|
Thread for the recipients of N30K allawi. oya tell us about the 1984 recession. Buhari holds a record with the Guiness book of records. The only human in human history to,have led an economy into recession twice even without a WAEC cert
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by lakpalakpa: 11:52am On Dec 30, 2017|
Only IPOB and PDP E-rats blame Buhari squarely for the current state of the economy.
|Re: Recession: 5 Facts Before President Buhari Took Over Power In 2015 by imhotep: 11:54am On Dec 30, 2017|
lakpalakpa:This type of mindset will lead you to the Libyan slave market, in chains.
|Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health |
religion celebs tv-movies music-radio literature webmasters programming techmarket
Nairaland - Copyright © 2005 - 2018 Oluwaseun Osewa. All rights reserved. See How To Advertise. 199