huptin:


Anybody that can type the above clearly lacks a sound basic education! Buhari? Buhari?? Buhari That has borrowed more in the last 3 years than the previous 30 years combined yet the economy is totally comatose and basic infrastructure like roads are in horrible conditions!

Could you please help us do the borrowings in dollars and at the same time help us with our revenue and exports all in dollars so that we can compare year to year since 2008.

Remember that the value of the US dollar today is depreciating in value as well
$100 in 1980 is same as $311 today.

http://www.in2013dollars.com/us/inflation/1980

https://www.inflationtool.com/british-pound

Tenk u

Jimi24:
Buhari is the BEST President Nigeria has had since Yakubu Gowon/Awolowo. If you dont think so maybe you are so much a product of the Nigerian system that you not using your full faculties to see the need for economic restructuring .

Economic restructuring should start with taxation reform. You will be surprised how much national restructuring comes from this when "regions" and "states" start getting stronger and more powerful out of self generated revenue improvments driving infrastructure and growth

Awolowo was never a president. There is no.way he could have been best anything.

Restructuring starts with restructuring. Anything else is just fraud.
And buhari hates the real restructuring.

Stop talking nonsense and reduce your myopia.
Buhari will not be there forever.

We should avoid a single source of income as a country

Jimi24:
Buhari is the BEST President Nigeria has had since Yakubu Gowon/Awolowo. If you dont think so maybe you are so much a product of the Nigerian system that you not using your full faculties to see the need for economic restructuring .

Economic restructuring should start with taxation reform. You will be surprised how much national restructuring comes from this when "regions" and "states" start getting stronger and more powerful out of self generated revenue improvments driving infrastructure and growth

saying that buhari is the best president Nigeria has had without stating facts to back it up shows you are clearly on weed...mad ppl everywhere

urahara:



So I guess the one positive thing about this buharis regime is that he improved tax collection.

yes, that is a positive

Area4Area:
Could you please help us do the borrowings in dollars and at the same time help us with our revenue and exports all in dollars so that we can compare year to year since 2008.

Remember that the value of the US dollar today is depreciating in value as well
$100 in 1980 is same as $311 today.

http://www.in2013dollars.com/us/inflation/1980

https://www.inflationtool.com/british-pound

Tenk u

Who devalued the naira to such extent? Didn't we have an administration that inherited a reserve of $5bn and debt of $38bn with oil selling @ $9 yet increased minimum wage without much furore in less than a year, paid back the debts and increased reserves to $45bn? How can Buhari be the best if he couldn't manage a reserve of $30bn oil price @ $30, national debt of less than $12bn, yet within 6 months he had run down the economy into recession, hope you know that if somehow the economy runs into another recession under Buhari, he would have broken the global record of being the first man in the world to run his nation's economy into a recession for a third time

huptin:


Who devalued the naira to such extent? Didn't we have an administration that inherited a reserve of $5bn and debt of $38bn with oil selling @ $9 yet increased minimum wage without much furore in less than a year, paid back the debts and increased reserves to $45bn? How can Buhari be the best if he couldn't manage a reserve of $30bn oil price @ $30, national debt of less than $12bn, yet within 6 months he had run down the economy into recession, hope you know that if somehow the economy runs into another recession under Buhari, he would have broken the global record of being the first man in the world to run his nation's economy into a recession for a third time

Who devalued the dollars and pounds too?

Are you saying that the foreign reserve suddenly started growing when oil was still selling at $9 per barrel? GEJ met a combined reserve (foreign and ECA) of about $64 billion but left behind less than $30 billion, this was at a time when oil was about $100-140 per barrel. What miracle do you want now when oil is averaging just above $50 BPD?
Recession occurred because oil price fell and since GEJ didn't save, Buhari had to restrict our expenditure and withdrawals from our reserve which led to the recession. Okonjo, Sanusi, Soludo etc all predicted about the recession even before the 2015 election so stop thinking it all started with no foundations.

More revenue generation will even attract more investment....
I hope you will actalize it

Area4Area:
Who devalued the dollars and pounds too?

Are you saying that the foreign reserve suddenly started growing when oil was still selling at $9 per barrel? GEJ met a combined reserve (foreign and ECA) of about $64 billion but left behind less than $30 billion, this was at a time when oil was about $100-140 per barrel. What miracle do you want now when oil is averaging just above $50 BPD?
Recession occurred because oil price fell and since GEJ didn't save, Buhari had to restrict our expenditure and withdrawals from our reserve which led to the recession. Okonjo, Sanusi, Soludo etc all predicted about the recession even before the 2015 election so stop thinking it all started with no foundations.

I didn't mention GEJ, GEJ presided over a relatively buoyant economy, I am talking of Obasanjo who inherited a totally run down economy yet didn't run the economy into recession despite oil selling at $9 per barrel, the average oil price during his own tenure was almost the same as Buhari, though by the time he was leaving oil had risen to $75 per barrel, yet the economy recorded sustained growth, the middle class emerged within a short period and he never recorded a single day of economic recession! Buhari has presided over a period of harsh economic reality but his lack of Ingenius management skills has led the nation thus far! the naira was devalued by over 100%, prices of goods increased by over 100% yet minimum wage remains the same, why won't Nigeria become the poverty capital of the world?

huptin:


I didn't mention GEJ, GEJ presided over a relatively buoyant economy, I am talking of Obasanjo who inherited a totally run down economy yet didn't run the economy into recession despite oil selling at $9 per barrel, the average oil price during his own tenure was almost the same as Buhari, though by the time he was leaving oil had risen to $75 per barrel, yet the economy recorded sustained growth, the middle class emerged within a short period and he never recorded a single day of economic recession! Buhari has presided over a period of harsh economic reality but his lack of Ingenius management skills has led the nation thus far! the naira was devalued by over 100%, prices of goods increased by over 100% yet minimum wage remains the same, why won't Nigeria become the poverty capital of the world?

The period of low oil price during OBJ's era was relatively short unlike that of Buhari that lasted longer and hasn't even recovered fully, he increased the foreign reserve from less than $30 billion he met to over $43 billion today if not more than that. If the price of oil can hover around the value during OBJ's time, Buhari would do better.
Economists both local and foreign all predicted about the recession irrespective of whoever wins, have you forgotten that GEJ had to borrow between February and April 2015 just to pay for salaries, doesn't that tell you that the economy was already in coma?

Hmmm

post=83294528:





Are you okay?!

Are you OK

Area4Area:
The period of low oil price during OBJ's era was relatively short unlike that of Buhari that lasted longer and hasn't even recovered fully, he increased the foreign reserve from less than $30 billion he met to over $43 billion today if not more than that. If the price of oil can hover around the value during OBJ's time, Buhari would do better.
Economists both local and foreign all predicted about the recession irrespective of whoever wins, have you forgotten that GEJ had to borrow between February and April 2015 just to pay for salaries, doesn't that tell you that the economy was already in coma?

Keep making excuses you hear. Show how the period was relatively short. Instead of giving credit where due, you keep telling lies to defend ur paymasters. OBJ had his faults. But where no one can fault him is the management of the economy. Buhari on the other hand still keeps failing and seems clueless abt what to do with the reckoning m economy hence the EAC. See how debt has ballooned under him. Price and currency inflation also ballooned and yet no tangible infrastructure or govt programme to show. Buhari so far signify a lot of sound and fury which has been found to be empty