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Nigeria About To Become The Next Venezuela - UK Telegraph - Politics (5) - Nairaland

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Re: Nigeria About To Become The Next Venezuela - UK Telegraph by afroxyz: 7:24am On Mar 06, 2019
Esseite:


It's not doom saying.. they are worried because a mass migration of 200m people would cause a global problem...

They are the investors, they are the countries that migrants would flock to. They are only being logical.

when you understand the west, you would know that they dint use logic but language politics and reverse psychology. if they are genuinely interested in our welfare then why would they allow a tyrant whose policies could spark mass migration to still be in power, and the only thing they can do is write about it. Abeg leave those people
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by wirinet(m): 7:28am On Mar 06, 2019
Wallade:


He had 4 years to do that, he didn't. Now you want him to do that in the remianing 4 years. That will be unbelievable.
In the 4 years, actual governance did not happen for more than 2 and a half years. The first 6 months was used to appoint cabinet members. The following one year was used to review old contracts and sign new ones. The following 6 months to a year was used to haggle with national assembly over budget approvals. Work did not actually start on projects until the last one year of the administration.
Hopefully, the next 4 years will be a huge departure from the last.
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Amumaigwe: 7:29am On Mar 06, 2019
priceaction:
They have started with their doom saying again. They talked about this 4 years ago, and they were proved wrong. At least we were able to survive and manage it well.This would have happened assuming ND avengers keep causing havoc but it was also well managed.The structures of Nigeria and Venezuela are different. venezuela is under sanction, nigeria, no. Venezuela has post unrest situations, not in nigeria, there is fractional supports of opposition government from surrounding countries including america but in nigeria, no opposition or parallel government as at now, and everyone has moved on except atiku and pdp that likely go to court. The structures on ground are not the same.

Yes, poor economic policies by buhari led government may allow some foreign investors to be skeptical about investing in nigeria but is not as bad as they foresee. The main problem is that many free and stolen money that many advanced countries like UK see from Nigerian government in the past has drastically reduced. They depend on those money to grow their own economy and now no free corrupt money while the one they are protecting are been put under pressure to be recovered. They should face their brexit wahala and leave us alone until things stabilize.

Any body, locally, that says anything against the Dullard-in-chief is a treasury looter. If the critic is international, he is termed a receiver of loots. It is amazing how a single individual will continue on the path of failure and blame everybody but himself for the consequences of his policies.
Keep doing a good hatchet job watering down this predictions of our impending doom. Thankfully when it happens, we shall all still buy from the same market.

3 Likes 1 Share

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by sben2308(m): 7:30am On Mar 06, 2019
SillyMods:
Facts on the ground don't support this nonsense.

We have already dodged the bullet, first by kicking out the Ineffectual Buffoon and the second time by rejecting the Atikulooter.

Just two day ago we were announced as the largest producer of rice in Africa. A week earlier we were announced as the largest performing economy in Africa.

Nigeria is on to the NEXT LEVEL of prosperity and development.


Guess u one of those who went to school without having an idea wat schooling is all about .
Facts that didnt translate in lifes of d citizen .
Fact that didnt encourage investors to come on board ,pls dont get me wrong but i like it wen we get our facts right because the social media is a great influencer on everyone n most time negative or half information with no truth.
Am not supporting any party but individual,ask urself from 2010 till 2015 wat we hear is INVESTORS inject so so amount into d economy but nowadays is CBN injects .This is tell u something is wrong but alot of us refuse to see .
I didnt mean to insult u and if i did am sorry.Thnx

3 Likes

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by QuotaSystem: 7:32am On Mar 06, 2019
I wish I had the time to respond to this load of propagandist rubbish angry from those with the most uncertain economic future on earth thanks to Brexit.

5 Likes 1 Share

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by mrbock: 7:33am On Mar 06, 2019
AZeD1:


Iran was placed on trade embargo for close to 30 years, it did not crash.


Socialism killed them,

Eventually you run out of people's money to spend
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Nobody: 7:38am On Mar 06, 2019
Slynation:
Next level..... Anyone with sense organ will know Nigeria is heading for doom if things prevail, once again "You cannot lock your shop and be chasing criminals" there are ways and policies to make the criminals return back to you, GEJ introduced BVN and it worked effectively, this are technical and economical ideas Buhari lacks because you cannot give what u don't have, Imagine over 20million lost their jobs and all a government was to implement is a 10K trader moni LOL, Anyways since we refused to change the change, whatever we see regarding this present administration, was duly .
deserved wholeheartedly
.



If i was brainless, i would av thot GEJ invented BVN, & by the way 20m lost there jobs but no member of ur family was affected , its funny how people that tell us 30 ,40million lose there jobs but cannt make reference to 5people they know that job there jobs.
They tell over 4000 companies folded up just becos of buhari, when you ask them what product or services are they longer enjoying as a result of these they start looking like lai mohammed.

3 Likes 1 Share

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Jowonloju(m): 7:40am On Mar 06, 2019
shadeyinka:

You seem to believe the lies of Nigeria being the largest producer of rice. If that was the whole truth,
1. Nigeria will also be among the largest exporter of rice
2. The price of rice would have gone down
3. The poverty rate would have reduced or at least we'll be getting to know rice farmers who are billionaires
4. We should know by now how many millions of hectares of land we are using for rice cultivation.

The four above would be concrete evidences not just empty statements.

Peace
You got it wrong. The fact that we outpace Egypt does not mean we are selfsuficient in rice production. But if we continue with that pace then we can get to the level where the prices fall and .... However, the Country is in that direction.
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by poshbrave(m): 7:42am On Mar 06, 2019
MajorJeffery:
Sai baba Sai next level. I urge National Assembly to sponsor a bill for Buhari to go for third term after 2019. undecided
send d bill to em, remember to include till his death let him be d only president no be only 3rd team.
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by itu404(m): 7:42am On Mar 06, 2019
"Teacher dont teach me nonsense", like the legendary Fela would say..... common smooth BREXIT EXIT, his country could not plan now they are enmesh in a mire, yet one of their MI5- of a news papers had the boldness to write rubbish.

2 Likes 1 Share

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Jowonloju(m): 7:43am On Mar 06, 2019
QuotaSystem:
I wish I had the time to respond to this load of propagandist rubbish angry from those with the most uncertain economic future on earth thanks to Brexit.
Exactly.

2 Likes

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Sirjamo: 7:43am On Mar 06, 2019
The UK is closer to being another Venezuela than Nigeria.

The election is over, Atiku has been destroyed, they can stop campaigning for him now.

7 Likes 1 Share

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Bgorgeous: 7:47am On Mar 06, 2019
You guys never liked any country' s progress . Watch out Naija will rule you

1 Like

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by emerged01(m): 7:51am On Mar 06, 2019
JeromeBlack:




Nigeria has fallen. Stop talking like an illiterate. Has your currency not fallen? What about inflation? Can you buy foodstuff that will last your family a week with 10,000 naira?

Investors are pulling out. You will soon see how wrong you are.
Don't decieve yourself,before you termed me a party man,I will tell you we have never had it good in Nigeria. Investors will continue to pull out until we get our power sector right.
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by teejet: 7:51am On Mar 06, 2019
THAT PRIVATE BLOGGER, DAVID HUNDEYIN

MUST BE CLOSELY WATCHED!

HE HAS BEEN FEEDING HIS PAYMASTERS

OVERSEAS WITH FAKE NEWS ABOUT THE

NIGERIAN SITUATION.

IMAGINE HIM SAYING " HE GLORIFIED POVERTY

AND VILIFIED SUCCESS"

1 Like

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by theoldpretender(m): 7:52am On Mar 06, 2019
Nigeria is not going to be Venezuela

1.Goverment here does not subsidze everything.

2.Our savings are at 40bn USD. Venezuela is down to its last 10bn.

3.We don't print money to solve economic issues.

4.We actually still manufacture stuff we consume here. Things like toilet roll, soap, some processed food, etc. Venezuela imports everything.

5.We. actually removed fuel subsidies when it was sustainable. Venezuela until recently subsidized fuel as low as 45 naira. At the expense of its forex.

6.Venezuela took over all its private companies. Nigeria? No way. We even sold off government shares in most private companies over the last 3 decades.

7.Nigeria has a more diversified economy than Venezuela.

Where Nigeria can become like Venezuela

1.Subsidies are still in place. This is costing us jobs in the oil sector as well as investment.

2.Power is worse than in Venezuela due to lack of deregulation. Discos are charging for power at a price lower than the cost of production. You see why we don't have light.

3.Corruption is still a problem, despite Buhari being there.

4.Bloated civil service, bloated National Assembly

5.Our education system is severely underfunded. Made worse by the fact that fees are too low to make up funding gaps.

6.Insecurity.Just as bad as Venezuela

4 Likes

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Codes151(m): 7:52am On Mar 06, 2019
Thanks to the north!!

Power is not about putting your illiterate brothers As heads.

1 Like

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by objobj: 7:53am On Mar 06, 2019
Arranged writeup. Full of lies. When you said long recession, how long? They created venezuela problem to make a point the same way the made us to belive that mugabe was the problem of Zimbabwe

1 Like

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by winningwinner(m): 7:54am On Mar 06, 2019
olamil34:


So P.D.P is the solution right? Remember P.H.C.N after selling it to the to private what happened? Has electricity been stable.

Remember dasuki, dizeni that's the reason why pdp won't taste power

So this is how small your sense of reasoning is? Was the PHCN totally sold out or is it its distribution department that was sold? Who controls power generation in Nigeria?
It seems you're out of tune with nature!

2 Likes 1 Share

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by igwefivestar(m): 7:54am On Mar 06, 2019
priceaction:
They have started with their doom saying again. They talked about this 4 years ago, and they were proved wrong. At least we were able to survive and manage it well.This would have happened assuming ND avengers keep causing havoc but it was also well managed.The structures of Nigeria and Venezuela are different. venezuela is under sanction, nigeria, no. Venezuela has post unrest situations, not in nigeria, there is fractional supports of opposition government from surrounding countries including america but in nigeria, no opposition or parallel government as at now, and everyone has moved on except atiku and pdp that likely go to court. The structures on ground are not the same.

Yes, poor economic policies by buhari led government may allow some foreign investors to be skeptical about investing in nigeria but is not as bad as they foresee. The main problem is that many free and stolen money that many advanced countries like UK see from Nigerian government in the past has drastically reduced. They depend on those money to grow their own economy and now no free corrupt money while the one they are protecting are been put under pressure to be recovered. They should face their brexit wahala and leave us alone until things stabilize.
u must be myopic to think that UK depend on money from Nigeria to grow their own economy.

3 Likes 1 Share

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Wallade(m): 7:55am On Mar 06, 2019
wirinet:

In the 4 years, actual governance did not happen for more than 2 and a half years. The first 6 months was used to appoint cabinet members. The following one year was used to review old contracts and sign new ones. The following 6 months to a year was used to haggle with national assembly over budget approvals. Work did not actually start on projects until the last one year of the administration.
Hopefully, the next 4 years will be a huge departure from the last.

Was it my fault or Nigerian peoples fault that he did not appoint cabinet members at the right time or that he only spent 2 years governing Nigeria, like you assumed.

The truth is that he has nothing to offer us,he has never managed a successful business, he is not sound accademically or intellectually. He can not see through critical improvement but sees poverty as the acceptable way of life.

Efforts against corruption should not translate to poverty and grounding of the economy. Today, cost of doing business in Nigeria is extraordinary, businesses are folding-up, economy is harsh, middle-class is eliminated in the economy. Yet, PMB sees that as positive governance. I can only inagine how dificult the next 4 years will be for a lot of Nigerians

1 Like

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by NEIGHBOUR(m): 7:56am On Mar 06, 2019
Slynation:
Next level..... Anyone with sense organ will know Nigeria is heading for doom if things prevail, once again "You cannot lock your shop and be chasing criminals" there are ways and policies to make the criminals return back to you, GEJ introduced BVN and it worked effectively, this are technical and economical ideas Buhari lacks because you cannot give what u don't have, Imagine over 20million lost their jobs and all a government was to implement is a 10K trader moni LOL, Anyways since we refused to change the change, whatever we see regarding this present administration, was duly deserved wholeheartedly


What did the 16 yes of PDP bring to Nigeria? Why did they apologize to Nigerians if they did well? You people just have inherent hatred for Buhari as a person. Your pains will linger till 2023 or the lagoon is not far.
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Wesely01(m): 7:57am On Mar 06, 2019
Excaperx:
No wonder the international bodies didn't support atiku, they won't profit if Nigeria is doing great and atiku is economic friendly.

Nigeria was the fastest growing economy till Obama removed Jonathan for usa selfish interest.

Yes and Hailry Clinton paid for it by lossing her election to Trump.
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by theoldpretender(m): 7:58am On Mar 06, 2019
winningwinner:


So this is how small your sense of reasoning is? Was the PHCN totally sold out or is it its distribution department that was sold? Who controls power generation in Nigeria?
It seems you're out of tune with nature!

Distribution and generation were sold to the Discos and Gencos. Transmission remains in the hands of government (largely for national security purposes).

The reason why things have not imporved is that Discos are selling power below it's production cost thanks to a clause in the law.governing the power privatization. Subsequently they cannot buy all the power the Gencos produce.

Gencos too have to buy gas from gas companies in dollars and not naira... Making things worse.

4 Likes 1 Share

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Greyworld: 7:59am On Mar 06, 2019
mozel247:
My happiness it that this will break Nigeria faster. Please oil price come down to 20$
Are you really that nice? I wish it could drop to a dollar and some few cents.
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by WhoBeThisMan: 8:00am On Mar 06, 2019
GrossPrice:


Telegraph like Amnesty International will only generate content that makes them money.

Nigeria is currently second largest economy in Africa , and Lagos the sixth. Telegraph claims S.A is ahead of Nigeria.

Telegraph cites a "political blogger", in the U.K would the Telegraph ask a political blogger or a professor for an opinion?

But, Nigerians in Nigeria don't read or use their brains. We like asking a plumber how to fix an electrical fault.

Same way we need a western newspaper to tell us we are going to die, and fool's like you start clapping.

Foolish Nigerian Youth.
I just realized that that job is going extinct in Nigeria. People now build house without plans for water pipes because no pipe born water.

Back to the topic we all know that buhari is not sound economically. He keeps blaming pdp 16 years of waste. We are looking at him. His will soon be 8 years let's see what they will say then.

Four years is enough to provide pipe born water, four years is enogh to provide stable electricity or atleast see serious progress being made
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by ReeLoaDead(m): 8:00am On Mar 06, 2019
Excaperx:
No wonder the international bodies didn't support atiku, they won't profit if Nigeria is doing great and atiku is economic friendly.

Nigeria was the fastest growing economy till Obama removed Jonathan for usa selfish interest.
ha ha ha, how did you come up with that nonsense .... Nigerians voted Jonathan out

1 Like

Re: Nigeria About To Become The Next Venezuela - UK Telegraph by AngelicBeing: 8:01am On Mar 06, 2019
sad
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by fashrola(m): 8:07am On Mar 06, 2019
SillyMods:
Facts on the ground don't support this nonsense.

We have already dodged the bullet, first by kicking out the Ineffectual Buffoon and the second time by rejecting the Atikulooter.

Just two day ago we were announced as the largest producer of rice in Africa. A week earlier we were announced as the largest performing economy in Africa.

Nigeria is on to the NEXT LEVEL of prosperity and development.


And you are very happy buying a cup of rice for N100?
You such an hypocrite
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by varyo: 8:08am On Mar 06, 2019
Can you shut up your mouth !!! stop carrying fake news contribute inteligently Olodo






uote author=MrMcJay post=76389394]

What did you want them to do? Come to Naija and vote him?

SE had Peter Obi on the ballot and refused to come out.
SW votes were split, e no win.
Atiku lost his region, his LG and his PU.

They don't back unserious loafers. [/quote]
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by frankson1(m): 8:10am On Mar 06, 2019
priceaction:

Is not as bad as how they portrait it bro. 4 years ago was terrible than this, that's when I thought things would have gone uncontrollable, but here we are, the truth is that they are also fighting for their own interest. Countries may have thousands of grade A foreign investors but still, not be able to survive if economic crises happens.


When they talk about foreign investors, my question is this... How has foreign investors helped Nigeria to grow her economy. The thing is, these people are looking for a free milking ground .
Re: Nigeria About To Become The Next Venezuela - UK Telegraph by skallion7(m): 8:12am On Mar 06, 2019
GrossPrice:


Telegraph like Amnesty International will only generate content that makes them money.

Nigeria is currently second largest economy in Africa , and Lagos the sixth. Telegraph claims S.A is ahead of Nigeria.

Telegraph cites a "political blogger", in the U.K would the Telegraph ask a political blogger or a professor for an opinion?

But, Nigerians in Nigeria don't read or use their brains. We like asking a plumber how to fix an electrical fault.

Same way we need a western newspaper to tell us we are going to die, and fool's like you start clapping.

Foolish Nigerian Youth.
You're so daft, can't you pass a message without aboluse and for your info. Nigeria is first in Africa

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