Reno Omokri via his twitter handle remembered the vice president, Prof Yemi Osinbajo that for the five years Former President Goodluck Jonathan destroyed Nigeria, A 50kg bag of rice was sold for 8,000 Naira.

Remember that for the 5 years Jonathan ‘destroyed’ Nigeria
50kg bag of rice was ₦8000
Fuel was ₦87
$1 was ₦150 (₦199 in 2015)
Lagos-Abuja air fare was ₦10,000
A bottle of Coke was ₦60
A tin of Peak milk was ₦80
₦18,000 minimum wage was equal to $120

https://mobile.twitter.com/renoomokri/status/979465749445083136

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truenaijaworld:
Reno Omokri via his twitter handle remembered the vice president, Prof Yemi Osinbajo that for the five years Former President Goodluck Jonathan destroyed Nigeria, A 50kg bag of rice was sold at 8,000 Naira.

Remember that for the 5 years Jonathan ‘destroyed’ Nigeria
50kg bag of rice was ₦8000
Fuel was ₦87
$1 was ₦150 (₦199 in 2015)
Lagos-Abuja air fare was ₦10,000
A bottle of Coke was ₦60
A tin of Peak milk was ₦80
₦18,000 minimum wage was equal to $120[i][/i]

[/s]

if only they know how much these increment affected people. painful part, minimum wage did not increase

madridguy:
[s][/s]

well u know that he's right? APC is the worst thing that can ever happen to mankind.

Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Right about what?

Asowari:
well u know that he's right? APC is the worst thing that can every happen to mankind.

Courtesy of high oil price, dollar availability and importation.

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

and Nigerians are still importing rice under these buhari/apc reign. how many jobs has this presented government created?

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Reno isn't far from the truth. Things are still expensive till date

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Reno Omockery has his fan base, which are mainly mischievous, gullible and the economic illiterate.

Naija for show..

Asowari:
and Nigerians are still not importing rice under those buhari/apc reign. so wat ur point Mr man?

We are not where we want to be in rice production but we are making progress in that line. Look at Kebbi state, Anambra State and Sokoto state where rice cultivation has been optimized. The jobs created, the wealth distributed, the FOREX we are saving.

The economy will be better for it. If you want to crash the price of cars today, simply open your borders, remove duties and watch the price fall but what happens to people like Innoson? Prices of commodies can be cheap but it does the economy no good

Asowari:
and Nigerians are still not importing rice under these buhari/apc reign. how many jobs has this presented government created?

With the reduction of dollar inflow due to low oil price, prices of imported goods are bound to soar..

Reno's gullible followers will shy away from your points. Bunch of laminated head.

deji17:
Courtesy of high oil price, dollar availability and importation.

madridguy:
Reno's gullible followers will shy away from your points. Bunch of laminated head.

Hahahahaha. @laminated head..

One day, their mumu will be done..

It is annoying when supposedly educated men talk like vulcanisers. Is reno saying he did not offer or pass economics 101 in school?

Is renowned omokri saying he has not heard of such terms like inflation rate, revenue profile, population rate, exchange rate, etc?

What was the revenue profile of Nigeria during president Jonathan's time and what is the revenue profile now? How did the CBN keep the naira down during Jonathan's period? It is by auctioning dollars twice every week. Now where is the Buhari administration going to get the dollars to keep the naira low now? Reno and his supporters can help by exporting something and earning dollars. It will help in meeting some dollar demand by dollar hungry Nigerians.

Nigeria has an average inflation rate of 12% - 14%, if Reno does not understand what this means, I will explain. It means prices of goods and services are expecting to increase an average of 12 - 15% every year. This means prices of all goods including rice is expected to double every 7 to 8 years.

If we were to follow Reno 's logic, then Abacha was a superstar compared to Jonathan. During Abacha's period petrol was N11 per litre, dollar was about N30 per dollar and rice was less than N500 per bag.

I am not saying Buhari is performing well, but Reno and his party should learn to criticise intellectually instead of talking like garage touts.

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

can you snap a pic of a bag of locally made rice in your house. Go to Tin can island and clear your doubt and see the amount of rice being imported to this country. APC can paint the whole country with propaganda of invisible and intangible achievements, the truth one day is not far fetched.
Meanwhile I am still waiting for the picture of a locally made rice in your house. Since I have been going to market na only imported rice they there

wirinet:
It is annoying when supposedly educated men talk like vulcanisers. Is reno saying he did not offer or pass economics 101 in school?

Is renowned omokri saying he has not heard of such terms like inflation rate, revenue profile, population rate, exchange rate, etc?

What was the revenue profile of Nigeria during president Jonathan's time and what is the revenue profile now? How did the CBN keep the naira down during Jonathan's period? It is by auctioning dollars twice every week. Now where is the Buhari administration going to get the dollars to keep the naira low now? Reno and his supporters can help by exporting something and earning dollars. It will help in meeting some dollar demand by dollar hungry Nigerians.

Nigeria has an average inflation rate of 12% - 14%, if Reno does not understand what this means, I will explain. It means prices of goods and services are expecting to increase an average of 12 - 15% every year. This means prices of all goods including rice is expected to double every 7 to 8 years.

If we were to follow Reno 's logic, then Abacha was a superstar compared to Jonathan. During Abacha's period petrol was N11 per litre, dollar was about N30 per dollar and rice was less than N500 per bag.

I am not saying Buhari is performing well, but Reno and his party should learn to criticise intellectually instead of talking like garage touts.

So with your economic analysis which of the two is more people friendly economics.
If Jonathan had kept the dollars like the slowpoke up there, Buahri won't have a country to govern now

jayson87:
can you snap a pic of a bag of locally made rice in your house. Go to Tin can island and clear your doubt and see the amount of rice being imported to this country. APC can paint the whole country with propaganda of invisible and intangible achievements, the truth one day is not far fetched.
Meanwhile I am still waiting for the picture of a locally made rice in your house. Since I have been going to market na only imported rice they there

You might want to ask what Lake rice is.

There a whole lot of local brands out there

deji17:


Reno Omockery has his fan base, which are mainly mischievous, gullible and the economic illiterate.

Somebody lays down super bare facts and all yiubcant say is is fan base are economic illiterates ....which Nigerian is more economic illiterate than Buhari ? Yet you support Buhari...see we all know why you make time to defend a useless govt , it's simply because you are being paid to so...I voted for Buhari but today I will say the truth Buhari is the worst leader ever and if you put on you thinking cap you will realise he is responsible for most of the rot Nigeria has become

jayson87:
So with your economic analysis which of the two is more people friendly economics.
If Jonathan had kept the dollars like the slowpoke up there, Buahri won't have a country to govern now

If Nigeria had continued to spend and spend and spend without saving, we will have ended up like Venezuela annot be able to buy anything including toilet paper.

The same countries that the world Bank said were in the green when they were yabbing us (Angola and Egypt) are going through poo right now. Why did we do? Stop spending anyhow in imports.

Keep imports to the minimal because we can not afford it. Anyone can crash prices with foreign goods, it is too easy but can you sustain it?

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Your Zombeism Is Incurable,for The Records Rice Re Evolution Started From Jonathan Through Akinwunmi Adeshina,fertilizers Was Given To Farmers Directly Free Of Charge,so Was Pesticides And Seedlings Supplied,grow Up

IMPORTED Rice was N8000 when Jonathan was in office?. May we never have such an idxt in office again in Nigeria. No wonder we had a recession.

... zombies are already on defense..

otuekong1:
Your Zombeism Is Incurable,for The Records Rice Re Evolution Started From Jonathan Through Akinwunmi Adeshina,fertilizers Was Given To Farmers Directly Free Of Charge,so Was Pesticides And Seedlings Supplied,grow Up

Perhaps you need to go see where I praised anyone but I did say we need to maintain our local cultivation and reduce imports to encourage.

While there a numerous economic facts to discredit Reno's comments it doesn't change the fact that buhari is indeed handicapped economic wise, the inflation rate is at an all time high and the citizens are feeling the brunt of it.

While I can indeed praise this government for unparalleled propaganda, I however have to be state that this is indeed the worst government in terms of economic management, corruption and security

SarkinYarki:


Somebody lays down super bare facts and all yiubcant say is is fan base are economic illiterates ....which Nigerian is more economic illiterate than Buhari ? Yet you support Buhari...see we all know why you make time to defend a useless govt , it's simply because you are being paid to so...I voted for Buhari but today I will say the truth Buhari is the worst leader ever and if you put on you thinking cap you will realise he is responsible for most of the rot Nigeria has become

Say or write something that you can defend. With the reduction of oil price which results in the shortfall of dollars, what do you think will happen to the price of imported goods? You cannot blame Buhari for the fall in oil price. Those who sold oil at $100 a barrel, depleted the foreign reserve, borrowed to pay salary, owed Federal contractors for years and with no tangible infrastructure ought to cover their face in shame.

These Jonathan people need to keep quiet. The more they defend him, the more they put Jonathan in conflict with the government. Just keep quiet and every thing will die a natural death.