etrouble:


This hatred and bitterness that your parents planted in you is the reason why you are sad, miserable and depressed. I support Buhari. The idiots and sophisticated morons you mentioned up there are your parents.

Goatluck Jonathan, Diezani Alison-Madueke and that World Bank Fraudster Ngozi Okonjo-Iwealla ran the country into recession the other time and you and your family into depression and suicide.

Currently, there is World Economy Meltdown due to Corona Virus pandemic and Nigeria isn't an exception.

Racoon:
Economic recession in full force.Brace for impact people.

allandutch:
G-boys Right now...

apache22b:
Bad business for that Dead Rat Seller Guy

kikero:


1.Buhari did not cause this current recession or the one that happened on his watch in 1983-5

2.The recession that happened under Buhari in 1983-5 started when oil prices fell in 1982...which even prompted Shagari to bring in austerity programmes by 1983.

3.Likewise the recession under this current admin started in April 2014...when oil prices collapsed due to the Saudis trying to outproduce American shale oil producers. By January 2015...NOI was warning that whoever won the election, there would be economic crisis.

4.The truth is, our economy has been vulnerable since independence. The economy depends on revenues from whatever raw materials we sell , whose prices we do not control. In the 1960's it was agricultural produce. By the 1980's, oil was taking over.

5.Where Buhari and others make mistakes is that they spend too much controlling prices on vital sectors like petrol and power. This limits the amount of investment that can be poured into both sectors, leading to job lossess and financial losses...especially from subsides which is money down a bottomless pit.

6.Because of our large population, we need oil at $139 per barrel and above, since 2017, up from $120 per barrel since 2012....to run a balanced budget.(despite our cost of production being below 30 dollars). Since 2010...we haven't had oil prices that high. That's why we are taking debts via borrowing...the money we are earning is not enough and has never been enough for our needs.

Oil is at $25. We need it at $140. We are losing at least $115 now per barrel of oil sold. (More information on my figures here)

Also due to the low oil prices, we are losing an average of $35.76million or N13.1 billion per day in accruable revenue

7. The way froward eventually...remove subsides , allow power and petrol to be run at a profit....which brings in investment and jobs. We did this for the GSM sector. Why can't we do this for power, petrol?? To long term help us transition into a producer economy...which produces goods whose prices we can control.

fineboynl:
The entire world and Nigeria would never recovered from this in 10 years to come. Those should allow people get infected and and build natural immune and resistance afterall the virus death rate is low. Should we destroyed the world economy for such?

Omoluabi9:
So na only "G-boys" dey see Dollar?

Agboriotejoye:


Keep giving excuses. Only a lazy man blames his tools. The common denominator for all these recessions is Buhari. Go figure!!

princeade86:
But every country have its own problems na, even America. Why can't dollar be depreciating to naira.

LabDNA:

The US is also hit by recession why is the dollar not also losing value in the same vein?

Agboriotejoye:


Keep giving excuses. Only a lazy man blames his tools. The common denominator for all these recessions is Buhari. Go figure!!

VaselineCrew:
Nigeria needs leadership now more than ever

We need intelligent leaders, with very high IQs and love for their country and states

Not leaders that will allocate cars to themselves, when other countries are scrambling to invent makeshift ventilators due to low supply

Not leaders that will abandon their own countries hospital for more than two months in London

God will definitely see all of us through these trying times, but let us not mock God by remaining foolish in our decisions.

etrouble:


This hatred and bitterness that your parents planted in you is the reason why you are sad, miserable and depressed. I support Buhari. The idiots and sophisticated morons you mentioned up there are your parents.

Goatluck Jonathan, Diezani Alison-Madueke and that World Bank Fraudster Ngozi Okonjo-Iwealla ran the country into recession the other time and you and your family into depression and suicide.

Currently, there is World Economy Meltdown due to Corona Virus pandemic and Nigeria isn't an exception.

If not Buhari that forced Nigeria to produce Rice by closing borders, by now that Rice is now coming from Asia due to Corona, you would have
been eating Sand.

Seetto:

The fall in price of crude oil in 2015 is cause by buhari like wise Corona virus disease that has crumbled the world economy, the billions of dollar stolen by madueke, dasuki and all the stolen monies shared during gej regime is also caused by buhari, if you want to criticize, criticize constructively.

kikero:


1.Buhari did not cause this current recession or the one that happened on his watch in 1983-5

2.The recession that happened under Buhari in 1983-5 started when oil prices fell in 1982...which even prompted Shagari to bring in austerity programmes by 1983.

3.Likewise the recession under this current admin started in April 2014...when oil prices collapsed due to the Saudis trying to outproduce American shale oil producers. By January 2015...NOI was warning that whoever won the election, there would be economic crisis.

4.The truth is, our economy has been vulnerable since independence. The economy depends on revenues from whatever raw materials we sell , whose prices we do not control. In the 1960's it was agricultural produce. By the 1980's, oil was taking over.

5.Where Buhari and others make mistakes is that they spend too much controlling prices on vital sectors like petrol and power. This limits the amount of investment that can be poured into both sectors, leading to job lossess and financial losses...especially from subsides which is money down a bottomless pit.

6.Because of our large population, we need oil at $139 per barrel and above, since 2017, up from $120 per barrel since 2012....to run a balanced budget.(despite our cost of production being below 30 dollars). Since 2010...we haven't had oil prices that high. That's why we are taking debts via borrowing...the money we are earning is not enough and has never been enough for our needs.

Oil is at $25. We need it at $140. We are losing at least $115 now per barrel of oil sold. (More information on my figures here)

Also due to the low oil prices, we are losing an average of $35.76million or N13.1 billion per day in accruable revenue

7. The way froward eventually...remove subsides , allow power and petrol to be run at a profit....which brings in investment and jobs. We did this for the GSM sector. Why can't we do this for power, petrol?? To long term help us transition into a producer economy...which produces goods whose prices we can control.

VaselineCrew:
Nigeria needs leadership now more than ever

We need intelligent leaders, with very high IQs and love for their country and states

Not leaders that will allocate cars to themselves, when other countries are scrambling to invent makeshift ventilators due to low supply

Not leaders that will abandon their own countries hospital for more than two months in London

God will definitely see all of us through these trying times, but let us not mock God by remaining foolish in our decisions.

kikero:


See my point number 7, and also point 5....

Excuses indeed.

The truth is, we have no excuse to remain on one source of income, or to continue on the same old path we have been on for decades...selling stuff whose prices we don't control....meaning when prices go down....we have to take loans to survive.

Buhari knows what he should do. But would he do it? That's the sad bit..he won't because political surivival is more important than economic advancement in Nigeria....(and one reason why I have no hope in both parties).

IsraelSongz:


But the President was aware of these before he made his campaign promises. Or wasn't he? There's no defence. Please rest Your case.