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Stats: 2,232,583 members, 4,885,771 topics. Date: Tuesday, 23 April 2019 at 07:07 PM
Reno Omokri Mocks Buhari, APC As Nigeria Is About To Become The Next Venezuela / 2019: Buhari In Dilemma Over Oshiomhole's Fate - New Telegraph / Atiku: How Kumuyi, Oyedepo, African Leaders Put Pressure On Obj - New Telegraph (2) (3) (4)
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by chozzy: 2:01pm On Mar 06|
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by respect80(m): 2:09pm On Mar 06|
That's why I love psychology. It leaves you with no surprise especially in human behaviors
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by shadeyinka(m): 2:11pm On Mar 06|
Jowonloju:If you know what some of us know, you'll almost cry for Nigeria.
Is the rice productions a FG initiative?
Why is the FG bragging of what state governors did?
Can Nigeria become the largest producer of Rice? YES!
Are we systematically working towards it? NO!
I am just so sorry for us as a Nation!
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by VolvoS60(m): 2:23pm On Mar 06|
Surely you can say more than that about the article? Or is this just a smokescreen to peddle your wares?
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by VolvoS60(m): 2:39pm On Mar 06|
No, that's not good enough.
Wishing upon a star won't cut it.
Nigeria is a heavily import dependent economy with oil as the main export earner. We have been running budget deficits at all levels of government for over half a century. Since our governments don't earn enough to cover their expenses, they borrow heavily from multilateral creditors - piling up debts that those unborn will have to pay. In our budgets, recurrent expenditure has routinely exceeded capital expenditure for the past half century - so instead of building schools, hospitals and roads, we pay to sustain the lifestyles of our presidents, governors and lawmakers. I could go on and on.
This is not the stuff prosperity is made of.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by mercyville: 2:39pm On Mar 06|
I did not support this administration initially because to me,the president was a little stubborn and would not allow the economic team to perform appropriately,so we heard and read but when we exited recession faster than I expected,I knew we have topnotch economic team.
I believe things were bad when this govt came in and it is surely getting better now. Rice is now 13-14 naira in Lagos,down from 20,000 naira and prices of some food items have come down.I do not really like Buhari because of his hyper nepotism but I will vote for him severally over an Atiku anytime,anyday.Integrity matters a lot to me. I will support him with prayers and spiritually and he will be successful.Isha Allah.
No wailing zombie should quote me,pls.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Paperwhite(m): 2:50pm On Mar 06|
komodapson:Pls highlight whatsoever statement you wish to highlight by clicking the "B" or the "Change Colour" to any of your choice.Ask others around you sir.
1 Like 1 Share
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by meobizy(m): 3:29pm On Mar 06|
The coming years will show how true these ‘reports’ are.
I know personally oil workers are now speedily mobilized to different production sites to make up for incurred losses during the election period uncertainty.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by deomelo: 3:33pm On Mar 06|
Both in absolute and per capita terms, Nigeria’s GDP has been in sharp decline for the best part of four years, and in the past year it has again fallen behind South Africa as the continent’s largest economy.
With A GDP Of $1.121 Trillion, Nigeria Overtakes South Africa As Africa's Biggest Economy
The drive-by journalist, this clown said we fell behind SA when in fact SA fell behind Nigeria.
Our economy is fast expanding with 1.9 per cent GDP increase
We are fully out of recession so what is this drive-by joker talking about.
We are good and doing just fine.
Back to sender.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by grandstar(m): 4:00pm On Mar 06|
Please told them. Please tolded them
They will keep saying they used the money looted to develop the West.
No looted funds is stored in Japan or Gremany but are the 3rd and 4th largest economies in the world.
The budget of New York City is triple Nigeria's budget. The budget of Britain is twice as large as Nigeria's GDP.. People just make blanket statements that can't be backed up by facts.
5 Likes 1 Share
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Ovamboland(m): 4:04pm On Mar 06|
USA has been running Social Security since 1930's , there is no serous discussions about ending it despite the $17 trillion debt of the country.
Many Western countries started their even earlier, they know the importance. Nigerian government has started within what they can sustain, yet the privileged are the ones crying the most. Why has the IMF not advised European countries having economic crisis over the past 100 years to cancel their own welfare programs? Why should no poor person in Africa have support or help while whites that are richer have? Why should the few rich have access to so much via contracts and connections while nothing is offered to poor?
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by urahara(m): 4:05pm On Mar 06|
No matter how u tell them , they will never listen.many of them have this mentality that we are actually richer than u.s and other developed countries.
2 Likes 2 Shares
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by TemmyT002(m): 4:15pm On Mar 06|
May thunder fire you and all of you in New Telegraph.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by deomelo: 4:19pm On Mar 06|
Sadly for you, you just decried you and your fellow ipobs..
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by trillville(m): 4:27pm On Mar 06|
No sensible country puts social spending/welfare over investments in basic education. If you read the article, you would have seen that attainment of a percentage of a population being educated is a metric used to measure the development prospects. In Nigeria, the government focuses on helping the poor. In these countries, the governments seek to invest in the poor so as to be able to tax them in the future.
I really like Buhari as a person so please do not take this comment personally. Buhari invest in his cattle because he sees them as his wealth. Our leaders need to see the Nigerian population as their wealth and not problems.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Anago50000: 4:29pm On Mar 06|
somalianprince:. Tears of a jobless man
I am not the reason for ur pain buddy ,face front biko
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by KuwaiitiDinar: 4:29pm On Mar 06|
When UK government has congratulated us and we are not under any sanctions, ... I repeat it can never never happen... Africa is a gun and Nigeria is the trigger, you can just pull the tigger wrongly otherwise all their investment in Africa will be a de ja vou
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by somalianprince: 4:31pm On Mar 06|
lol...hopeless frustrated jobless gala hawker, get a real job and stop hawking gala on traffic, this is the reason no one from ebonyi owns an suv. Useless almajiris claiming Igbo
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by grandstar(m): 4:31pm On Mar 06|
Dale Carnegie said you can never win an argument. Both of us have entrenched views.
Buhari fixed the exchange rate at a price the CBN could not defend which meant it was overvalued. That means a devaluation was necessary
His refusal to devalue led to a massive disparity between the official and black market rate when the CBN could not satisfy demand. It was so bad that our Letters of Credits became worthless and Naira debit cards were unable to be used for online payments.
Utomi, Soludo and Sanusi all championed for a devaluation but Buhari disagreed saying he does not know anywhere in the world that it has helped. The height economic nonsense.
If Norway, the most prudent manager of it's oil wealth in the world could see it's currency lose 27% of it's value, we would be kidding ourselves to say the Naira did not need devaluation.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Ishilove: 4:37pm On Mar 06|
MajorJeffery:Kuku kill us
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Olumyco(m): 4:45pm On Mar 06|
I dont think there is a way the recession could have been avoided. Its high time we understood that dollars control our economy. As at the time Jonathan left our forex has been depleted to $28billion and oil price too started to decline. So in this case we need forex to defend naira. Even Iweala saw it coming and her team were putting measures in place to fight it. The measures Buhari adopted looks manual (preventing massive exit of dollars while the forex grows) but it worked at the end of the day. The forex is over $40billion now.
About structural reform... fixing of our refinery and diversifying the more will increase the growth rate
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Olumyco(m): 4:48pm On Mar 06|
Sir Oil only contribute appr. 40% to our economy making it the highest single commodity contributor others appr 60% are from other goods and services. I hope you know this.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by kannymoore(m): 5:05pm On Mar 06|
Nigeria has one of the highest infant mortality rates in the world
Also has one of the worst healthcare systems in the world..
They say Nigeria has the highest youth population in Africa at over 50%
Yet now many youth participated in the elections..
How many youth got.. PVC
Not up to 80m.
Add that to the aged population and the ungerage population and you'll find lots of holes in that 200million population theory!
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by diadem10: 5:07pm On Mar 06|
What a dumb post.
Under Obj, a plate of rice was no more than 1 Naira. Two wraps of Groundnut was 1 Naira. That's to tell you the worth of our money. Hence the money met by Obasanjo was a lot coupled with the fact that crude oil price kept on increasing under Obj.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by frosbel2(m): 5:13pm On Mar 06|
Corruption of course is the main problem. But for many companies , Infrastructure is a key issue that hinders investment and development. Key Infrastructure we need to rebuild are roads, railways, power , telecommunications, citadels of education and research centres.
As I said, I spoke to a Senior Manager of Amazon Web Services in the UK and he mentioned poor infrastructure as one of the key reasons why there is no presence in Nigeria. For example, they offer customers a service level agreement for performance and availability , and ensure that this is maintained across all regions hosting their data centres; this gives their customers the confidence that the same quality of service will be experienced by their own customers at a global level. With poor infrastructure this can be a problem especially within the African region.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by grandstar(m): 5:14pm On Mar 06|
People who fully support this government do so because they have been hoodwinked by Buhari's principled and incorruptible character. Therefore anything he does is good. If things are not going well, it's because people are impatient.
That was the primary reason the Northerners voted for him enmasse. That's also why people like Festus Keyamo and Itse Sagay support him.
His infrastructure works have helped the hoodwinking.
The next 4years will be one of poor economic growth rates. I doubt it will exceed 4% yearly over the next 4years compared to the 6% before he ascended office. Between 2015-2018, economy grew at a lamentable 1% on average. The country needs 7% to absorb those entering the labour market for the first time
3 Likes 1 Share
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by kernel001: 5:16pm On Mar 06|
I'm sorry if you didn't graduate from a university, this analysis is higher than school fees. I cant help you.
Illiteracy is the ability not to read and write, but your ability not to comprehend articles leaves you as semi illiterate.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by diadem10: 5:25pm On Mar 06|
Cifia pain from the wailing Buffon
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by AnanseK(m): 6:36pm On Mar 06|
When the stock market lost N89bn after Buhari's re-election, many Nigerians were quick to break the news. Today, the stock market has gain N112bn, there is no breaking news.
Some few months ago, the international community reported that Nigeria has become the poverty headquarter of the world. In excitement, many Nigerians were quick and eager to break the news. This same international community have said the 2019 elections are the most credible and democratic and many Nigerians are not happy and have rejected the commendation.
The restructuring we preach must start from our minds. Why will you be happy when something bad happens in your country? Why do you reject or despise any good thing about your country?
In the last one week, Nigeria has made positive news: we are now the highest rice producer in Africa, the mining sector has recorded 500% increase in revenue, the volume of export have increased by 39%... These are cheering news that have gone almost unnoticed.
We must start restructuring our minds on what we want of Nigeria.
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by Baselm: 7:42pm On Mar 06|
Any inflow at all is an inflow, there is no economy the abacha fund enters in this world that wouldn't feel the effect. Y do u think they were releasing it in tranches, try move it at once and see the effect of your so called pittance. IBB's own is still somewhere, Atiku and many others
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by ExHusband: 8:20pm On Mar 06|
So? It still accounts for 96% of exports. The 40% figure is oil's GDP contribution, not its share of export earnings. IF you don't know something this basic, why do you feel entitled to comment on this issue?
|Re: Nigeria About To Become The Next Venezuela - UK Telegraph by beatmonster: 8:46pm On Mar 06|
Spoken like a true illiterate.
California economy, a single state in US, will swallow the so called Abacha in minutes !
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