T

Worefa

If you're not gainfully employed and naija being the poverty headquarter for poor people shows we are in recession. Only the super rich/ corrupt polithievians in naija don't know recession. So this ain't news !!!

We where never out of recession in the first place, it's not a new thing you people can deceive those that wish to be deceived. Which suffer again we wan suffer way we never suffer, oga no be new thing stop forming pastor.

And you all say Nigeria is still a country...as in what is the difference between what we all are passing through presently and a chronic recession.....
Bring it on...we will survive it
Besides..abeg aw many minutes he go take me to dissappear from Nigeria and appear in any Canadian city.

Recession will come only because ofnhow incompetent bothe fedral and state government are. Keep living large at the expense of the country.

Big fools in power

Congrats to all subscriber , It Available , Dm or whatsapp.

Strategy by these wicked people to improverish the masses so that the masses will serve them and their children. They know that recession will never affect their salaries.

you people should kukuma kill us ngbayen, so we know that the country Nigeria has no citizens but a bunch of selfish and greedy leaders

Flyingngel:
Hahahaha, these people will not fail to amuse me.
Is that all he have to say?
Instead of him to tell his friends and the in-coming ones to stop looting and concentrate more in developing infrastructures and reviving agriculture in their respective states and also tell Buhari to bring onboard competent hands as quickly as possible, he is there telling stories.

The Oyo state governor said that due to the collapse in the price of crude, the allocation reaching his state halved and wasn't enough to even pay workers salaries.

How will you develop infrastructure when there's no money to even pay salaries?

The budget this year for 200m people was $28b. New York City with 8m people has a budget of $75bn. The money is too small

Abdulaziz would be smiling in his heart saying,"thankgod it will be another man's problem by then. I would be chilling in the senate collecting huge salary just for sitting and doing nothing."

But i hope this recession would be the last straw that breaks the Camel's back for Nigerians that have been patient with a clueless government. Let it be the opportunity we have been waiting for to run the shake the government to its root.

Amuocha:
Sai Buhari
Next Level Recession

Lol,

grandstar post:


The Oyo state governor said that due to the collapse in the price of crude, the allocation reaching his state halved and wasn't enough to even pay workers salaries.

How will you develop infrastructure when there's no money to even pay salaries?

The budget this year for 200m people was $28b. New York City with 8m people has a budget of $75bn. The money is too small






i agree with you to a greater extent but we all know that our Governors are excessively corrupt hence embezzeling even the few percent they budgeted.

After u guys have plundered the resources of this great nation u are there telling us to brace up for recession. Nonsense!!!

Flyingngel:
grandstar post:


The Oyo state governor said that due to the collapse in the price of crude, the allocation reaching his state halved and wasn't enough to even pay workers salaries.

How will you develop infrastructure when there's no money to even pay salaries?

The budget this year for 200m people was $28b. New York City with 8m people has a budget of $75bn. The money is too small

i agree with you to a greater extent but we all know that our Governors are excessively corrupt hence embezzeling even the few percent they budgeted.

Corrupt or no corruption, the monies they receive is to small

Corruption in Nigeria can be likened to a labourer who is a drunk.

Is a labourer rich? Exactly the opposite. Yet the little he earns , he fritters it on booze.

Nbote:
If dis isnt cluelessness in all its glory den I dont know what is. A govt came in took d country into recession, blamed d past govt and den claimed to have taken us out of it and now we are headed right into d ditch again. Since d govt blamed d previous govt for d last recession, who will dey now blame for d coming one?

Gbam!
This was succinctly put.

grandstar post:

Corrupt or no corruption, the monies they receive is to small

Corruption in Nigeria can be likened to a labourer who is a drunk.

Is a labourer rich? Exactly the opposite. Yet the little he earns , he fritters it on booze.




If with the little they have, they prefer to embezzle it, what happen if it is plenty?
I am forced to believe New York city did not start over night to budget more than enough for their citizens but they diligence with the small thereby multiplying it.

goldcoinhub:
The Nigeria Governors Forum (NGF) yesterday has warned the returning and newly elected state governors that recession may come in 2020 and so they should prepare ahead for tough times in their respective states.

The chairman of the group and governor of Zamfara State, Abdulaziz Yari, warned that there may be another cycle of recession from mid-2020 to the third quarter of 2021, the Guardian reports.

He gave the advice at the induction programme organised for the old and new governors at the NGF Secretariat, State House Conference Center, Abuja yesterday.

The NGF chairman told his colleagues that it would not be a smooth ride when they begin a new administration in their states.

“On our part, we made a lot of achievement in infrastructural development and provision of social services because we enjoyed a relatively high oil price of about $100 to $114 per barrel between 2001 and the middle of 2014.

“However, by the mid-2014, the price of crude oil, which is sadly the main driving force of government’s expenditure, dropped to $75 per barrel. It, therefore, became very difficult for many states to even pay salaries of their workers.

“This scenario is a wake-up call for all of you to be prepared to face this kind of challenge, especially since there is the possibility of another cycle of recession by mid-2020 and which may last up to the third quarter of 2021. Your good spirit of stewardship will make you contain the situation should there be one. Also, as members of the National Economic Council (NEC), you must work hand-in- hand to boost the economy in tandem with the global best practices.

Speaking further, he said:

“Experience, they say, is the best teacher. Ours has been a challenging experience of managing state economies that are totally dependent on accruals from the federation account rather than exploring viable alternatives to run the economy.

For most of the states, internally generated revenues are nothing to write home about. You must, therefore, look inward by boosting your revenue generation and also utilize them effectively for execution of projects that will touch the lives of your people. You must not forget the high expectations of our people from us; now that the democracy is maturing daily, the challenges of governance and service delivery are more demanding,” Yari said:

“Borrowing is never a reliable alternative to solving our economic problems. Key revenue agencies like the Nigeria National Petroleum Corporation (NNPC), Federal Inland Revenue Service (FIRS) and the Nigeria Custom Service must be made to work more effectively now that Mr. President has signed the much awaited national minimum wage law, pegging the minimum workers salary at N30,000 per month.”

He urged the incoming governors to strengthen tax laws to encourage Nigerians to pay.

https://lailasnews.com/prepare-for-tough-time-recession-may-come-in-2020-ngf-to-governors/

Chaaiii..students don suffer for this country

goldcoinhub:
The Nigeria Governors Forum (NGF) yesterday has warned the returning and newly elected state governors that recession may come in 2020 and so they should prepare ahead for tough times in their respective states.

The chairman of the group and governor of Zamfara State, Abdulaziz Yari, warned that there may be another cycle of recession from mid-2020 to the third quarter of 2021, the Guardian reports.

He gave the advice at the induction programme organised for the old and new governors at the NGF Secretariat, State House Conference Center, Abuja yesterday.

The NGF chairman told his colleagues that it would not be a smooth ride when they begin a new administration in their states.

“On our part, we made a lot of achievement in infrastructural development and provision of social services because we enjoyed a relatively high oil price of about $100 to $114 per barrel between 2001 and the middle of 2014.

“However, by the mid-2014, the price of crude oil, which is sadly the main driving force of government’s expenditure, dropped to $75 per barrel. It, therefore, became very difficult for many states to even pay salaries of their workers.

“This scenario is a wake-up call for all of you to be prepared to face this kind of challenge, especially since there is the possibility of another cycle of recession by mid-2020 and which may last up to the third quarter of 2021. Your good spirit of stewardship will make you contain the situation should there be one. Also, as members of the National Economic Council (NEC), you must work hand-in- hand to boost the economy in tandem with the global best practices.

Speaking further, he said:

“Experience, they say, is the best teacher. Ours has been a challenging experience of managing state economies that are totally dependent on accruals from the federation account rather than exploring viable alternatives to run the economy.

For most of the states, internally generated revenues are nothing to write home about. You must, therefore, look inward by boosting your revenue generation and also utilize them effectively for execution of projects that will touch the lives of your people. You must not forget the high expectations of our people from us; now that the democracy is maturing daily, the challenges of governance and service delivery are more demanding,” Yari said:

“Borrowing is never a reliable alternative to solving our economic problems. Key revenue agencies like the Nigeria National Petroleum Corporation (NNPC), Federal Inland Revenue Service (FIRS) and the Nigeria Custom Service must be made to work more effectively now that Mr. President has signed the much awaited national minimum wage law, pegging the minimum workers salary at N30,000 per month.”

He urged the incoming governors to strengthen tax laws to encourage Nigerians to pay.

https://lailasnews.com/prepare-for-tough-time-recession-may-come-in-2020-ngf-to-governors/

Chaaiii..students don suffer for this country

Na wa o

xyz123456:
Why is Nigeria getting worse??

What is new in whatt this thief said? It's not new at all didn't Buhari said so in few months back that his second term would be hell So this thief has just reconfirmed Buhari and apc wish on Nigerians because he is one of apc and buhari poverty, death, hunger, hopelessness, failure, killers etc merchant so he is speaking their evil mind.

buhari is the best president in the world

We are ready.. Nonsense

The only time they mention ''reccession'' is when they need money for their domestic use. they will deliberately not spend. they will want to owe workers salaries. 'reccession' is their excuse .

Na dem know by that time i don japa

Revolution is looming.

Hope by then I'll not be in Nigeria. We're used to bad News in Nigeria. Until we cut down the expenses on the Elites no hope for us

Move white Queen to f8....

Anywhere black king goes, white will mate him...

Cc. castlemind

grandstar:


The Oyo state governor said that due to the collapse in the price of crude, the allocation reaching his state halved and wasn't enough to even pay workers salaries.

How will you develop infrastructure when there's no money to even pay salaries?

The budget this year for 200m people was $28b. New York City with 8m people has a budget of $75bn. The money is too small

When I keep on telling you folks that the economic problems of Nigeria arise from paltry productivity, the powers that be say it is corruption. When Peter Obi said and I quote, 'wiill a man abandon his shop and be chasing after robbers', the present Veepee replied, '....if he doesn't, very soon his shop will be empty'.

Well, both theories will be put to the test the next four years and Nigerians will judge which between the two ideologies was right and which was a complete disaster. We have had four years of anti corruption war and we can see or not see the benefits. I remain persuaded that the propaganda was spun to dampen and head off the demand for restructuring that gained momentum in the dying months of the GEJ administration.

Restructuring will unleash the economic potentials of individuals, counties, states and regions. And it makes sense that if a father cannot cater adequately for his children the least he can do is to empower them to cater for themselves. But here we are with a population of 200 million and counting accordimg to UN stats...

I am really sorry for this country and its citizens under this government.