Arda1000:
Nigeria was not in recession in 2014 stop spreading lies op

KingsCity:
Nigeria was not in recession when this government took in May 2015. It was snail-speed reaction to issues and inept management of the economy that led to the recession.

Since then millions of jobs have been lost without the government creating much

alrahmanonline:
As at 2014, Nigeria and Venezuela had similar economic structure. Both were dependent on oil and failed to diversify their economies over the years

Both were consumer nations as they import most of what they need as such became slaves to the dollar

Both had strong subsidy issues

With the oil prize shocks of late 2014, both nose dived into recession due to shortage of foreign currency to meet their consumption demands

With the prudent stewardship of Buhari, Nigeria exited recession just under 2 years and is now experiencing positive growth, inflation is falling every month for over 1 and half years now

Venezuela on the other hand, is still neck deep into recession with hyper inflation

The government had to knock two zeros out of their currency by introducing new notes cus the old ones are now worthless

Buhari's full implementation of the TSA, blockage of various loopholes from where monies are been wasted or stolen, and investment in agriculture saved Nigeria from becoming a Venezuela.. Thank you Buhari for saving Nigeria

seunmsg:


Recession was inevitable irrespective of who was in power. Jonathan squandered all our oil revenue without saving a single kobo to absorb the oil shock. Okonjo Iweala herself made it very clear as far back as 2014 that we are heading towards recession if the fall in crude oil price continues.

KratosCorp:
Ignoramuses and lying demons everywhere.

There us no single socio-economic similarity between the Nigeria and Venezuela. For nearly 2 decades before your incompetent god took power, Nigeria was a major democratic proponent of free market economy. Many previously national monopolies were privatized. And policies were designed and deployed to build a robust economy that's private sector driven.


This is unlike Venezuela which is a socialist dictatorial state that leaned strongly towards communism.

Nowhere in your dumb propaganda did you make it clear that Venezuela is a socialist economy which is the major reason for its financial collapse. But I'm not surprised, after all, lies distortion and plain ignorance run in the dna of the average zombie.

ashjay001:



Though, I appreciate ur spin, u're still foul-mouthed! Can't u pass ur superior knowledge, without descending to rofo-rofo fight


Shows how truly enlightened u are

KratosCorp:
[s][/s]

KingsCity:
Nigeria was not in recession when this government took in May 2015. It was snail-speed reaction to issues and inept management of the economy that led to the recession.

Since then millions of jobs have been lost without the government creating much

KratosCorp:
Ignoramuses and lying demons everywhere.

There is no single socio-economic similarity between Nigeria and Venezuela.

For nearly 2 decades before your incompetent god took power, Nigeria was a major democratic proponent of free market economy. Many previously national monopolies were privatized. And policies were designed and deployed to build a robust economy that's private sector driven.


This is unlike Venezuela which is a socialist dictatorial state that leaned strongly towards communism.

Nowhere in your dumb propaganda did you make it clear that Venezuela is a socialist economy which is the major reason for its financial collapse. But I'm not surprised, after all, lies distortion and plain ignorance run in the dna of the average zombie.

Ijeshaooduaman:

You are the one spreading your Ibotic lies. Nigeria's recession began in 2014 when Jonathan was president

KingsCity:
Nigeria was not in recession when this government took in May 2015. It was snail-speed reaction to issues and inept management of the economy that led to the recession.

Since then millions of jobs have been lost without the government creating much

alrahmanonline:
As at 2014, Nigeria and Venezuela had similar economic structure. Both were dependent on oil and failed to diversify their economies over the years

Both were consumer nations as they import most of what they need as such became slaves to the dollar

Both had strong subsidy issues

With the oil prize shocks of late 2014, both nose dived into recession due to shortage of foreign currency to meet their consumption demands

With the prudent stewardship of Buhari, Nigeria exited recession just under 2 years and is now experiencing positive growth, inflation is falling every month for over 1 and half years now

Venezuela on the other hand, is still neck deep into recession with hyper inflation

The government had to knock two zeros out of their currency by introducing new notes cus the old ones are now worthless

Buhari's full implementation of the TSA, blockage of various loopholes from where monies are been wasted or stolen, and investment in agriculture saved Nigeria from becoming a Venezuela.. Thank you Buhari for saving Nigeria

KingsCity:
Nigeria was not in recession when this government took in May 2015. [b]It was snail-speed reaction to issues [/b]and inept management of the economy that led to the recession.

Since then millions of jobs have been lost without the government creating much

Arda1000:
in 2014 Nigeria became the largest economy in africa surpassing south african in terms GDP. And if ur small brain can let u remember 1987 recession and then 2016 up till date we are still in recession under the same terrorist leader mohammadu buhari a man that everything he touches crumbles and turn to dust an economic disaster a terrorist and a killer a man dat took charge in 2015 and in 2016 he broke his 1987 record thereby creating the worst economic recession in history of the zoo called Nigeria

Ovamboland:


Only a dunce will say fall in oil prices from about $65 in May 2915 to $28 by February 2016 combined with dropped in sales from 2 million barrel daily to a less than 700,000 barrels, celebrated on this forum, cannot cause recession in Nigeria.

buharitill2023:
Just imaging in 4yrs, ineffectual buffoon received almost $400b without doing any thing but buhari with less than $100b has accomplished 90% of what PDP failed to do in 16yrs

seunmsg:


Recession was inevitable irrespective of who was in power. Jonathan squandered all our oil revenue without saving a single kobo to absorb the oil shock. Okonjo Iweala herself made it very clear as far back as 2014 that we are heading towards recession if the fall in crude oil price continues.

ashjay001:



Though, I appreciate ur spin, u're still foul-mouthed! Can't u pass ur superior knowledge, without descending to rofo-rofo fight


Shows how truly enlightened u are

Ovamboland:


Only a dunce will say fall in oil prices from about $65 in May 2915 to $28 by February 2016 combined with dropped in sales from 2 million barrel daily to a less than 700,000 barrels, celebrated on this forum, cannot cause recession in Nigeria.