those who are supporting pmb GOD WILL MAKE THEIR LIFE LIKE BUHARI TENURE STUPID SET OF PEOPLE

Arysexy:
What a special award won by the bigot Dullardeen.

In 1987 he took the award

In 2020 he reignited the award once more.

What else can I say?

You can't sow cocoyam and expect cassava.


A cow remains a cow, whether Ndama or muturu.

My anger is on those zombies that voted this cow for second tenure having seen how the first tenure was. They deserve 600 years of suffering without help.

There was no way Buhari would have relinquish power in 2019. Which is why he should not have been elected in 2015. We warned but were called Tanoids.

Y'all deserve Buhari, enjoy!

Coldie:

Buhari does not have the power to reduce cost of government in one go, they tried to reduce senators salaries they refused would he kill himself.

Buhari has done well as regards to diversification

YOU ARE MAD, YOU ARE VERY MAD. DIVERSIFY IS A WORD YOU DEFINITELY DO NOT KNOW WHAT IT MEANS

obailala:
Any time one opens and breezes through threads like this, the level of misinformation which people revel in just chases one away.

Between 2015 and 2019, the recession was caused by the sudden drop in oil prices and oil revenue; over 90% of Nigeria's revenue comes from oil. To correct that misinformation you've been fed with, Nigeria's economy was not upward by the time Goodluck left; the drop in oil prices started from late 2014, as at May 2015 when GEJ left, despite the fact that oil was even still at $65, Nigeria's upward economy as you put it had nosedived; the GDP growth rate which was sailing between 6-7% (which placed Nigeria in the league of fastest growing economies) had crashed to 2.3% by the time GEJ handed over. Despite the fact that over $10bn in the foreign reserves was drawn to defend the Naira at the time, the Naira dropped in value from N160 to N230 by the time GEJ left. Of course with nothing left in reserves to defend the Naira with, and with the oil price drop worsening to $28 in the coming months, only economic ignoramuses or just political analysts believe Nigeria went into recession in 2016 exclusively because of a change of president.

Similarly in 2020, with the pandemic and with almost all economies of the world dropping into recession and with the demand for oil dropping proportionately, only ignoramuses again believe the recession of 2020 in Nigeria should have only a political explanation.

Has the leadership of the country handled anything well since 2015? the answer is obviously NO, but it would be useful if Nigerians stopped ignorantly ascribing everything to politics.

Good points raised. In a way, what happened between 2009 to date is the mirror image of what happened between 1973-90. Oil prices go up, the economy does well, oil crashes, and all of a sudden everything goes bad..

The issue with this your comment though is that it is very difficult to point the fact that oil prices crash is what is causing our economic collapse.

Anti-Buharists and most Nigerians would blame you for excusing government failure.
Pro-Buharists would promptly say...see it isn't our guy's faullt.

Something similar is happening in Venezuela. Everyone blames Maduro for the economic crisis, as well as Chavez, while everyone else blames 'The Yanquis'. Meanwhile, Venezuela went throough the same issues back in the 1980's....when they had a government that was friendly to the US.

It's very difficult to have a discussion on economics on this site..

Still, let's be frank. Buhari and company should have realized from the word go that our economy is too linked to oil, and should have formulated a plan of action to deal with it.Likewise, PDP too should have had a plan since yesterday...or even 20 years ago. But both sides don't want to do the hard work of diversificaiton.

jajeri3216:


Explain instead of insulting.

How do nations grow?

When a person tells me humans grow tail, I will just look at him & call him a fool. No explanation. You are a fool. I can't explain.

Splitmind:


Rubbish talk, Buhari is the best president Nigeria has ever had.

Just the other day I, Simplyleo, Golan007 and NGpatriot bought fuel for 50 naira/litre.

You guys that hate Buhari are just bitter and delusional.

i pray ur life will be bad like buhari tenure you have to claim this prayer since you are supporting buhari

jajeri3216:


Explain instead of insulting.

How do nations grow?

For Nigeria to grow, we need to

1.Sell pterol and power at prices determiend by the market, not by the government. That means government saves more money which can be used for roads and railways.And it also means more investment, more refinereis, more jobs, and so on
2.Spend more on education, especally techncal education
3.Properly fund the police.
4.Look into the demands for resource control and restructuring
5.Really be seroius about fghting corruption
6.Nigerins really need to participate in their democracy
7.There is no national cake. We all gat to be productive.
8.Increase our non-oil exports.

misano:


When a person tells me humans grow tail, I will just look at him & call him a fool. No explanation. You are a fool. I can't explain.

Think you replied the wrong moniker

Congratulations to Sai baba. The only Nigerian head of state to record a recession in every single term of his tenure. 1983, 2016 and 2020.

What a wawu!

Finally...on to the topic

1.Back in 1987, oil prices had fallen and been falling since October 1982..when the Great Crash happened.
2.Our agricultral sector was diinishing in importance. (The great event heralding that was the dismantling of the last groundnut pyramid in early 1982.)
3.We had a military government headed by Buhari by Buhari's former cheif of Army staff (IBB)
4.Our economy was dependent on oil...and
5.We refused to take the IMF loan previiously....we took SAP which was supposed to make our economy work better....

Nigeria is still very much the same today. Until we wake up from our resource dependency sickness....we would still be here 20 years from now..

Kayharry:
Congratulations to Sai baba. The only Nigerian head of state to record a recession in every single term of his tenure. 1983, 2016 and 2020.

What a wawu!

There was a recession in 1983...it happened under Shagari.

The recession was precipitated by the oil price crash of 1982....

Shagari was in power from October 1 1979-December 31 1983

Buhari too also inherited a recession again in 2015...from the oil price crash of April 2014.(if GEJ had won, we would have been blaming him for the recession).

Nigeria's problem is dependence on oil. Buhari , even though he did not cause the recession now or in 1983-4, and 2016., has done nothing about the cause.

Who and what will them blame now.

PhiliptheArab:


For Nigeria to grow, we need to

1.Sell pterol and power at prices determiend by the market, not by the government. That means government saves more money which can be used for roads and railways.And it also means more investment, more refinereis, more jobs, and so on
2.Spend more on education, especally techncal education
3.Properly fund the police.
4.Look into the demands for resource control and restructuring
5.Really be seroius about fghting corruption
6.Nigerins really need to participate in their democracy
7.There is no national cake. We all gat to be productive.
8.Increase our non-oil exports.

Great points, thanks for taking the time to explain.

All the bickering won't lead anywhere

UDUJ:


He bears the same name as the present one

Not correct. Babangida was head of state in 1987

aribs:

Not correct. Babangida was head of state in 1987

My bad. Thanks for the correction.

Let's wait and see what Lai Mohammed will say next...

PhiliptheArab:


There was a recession in 1983...it happened under Shagari.

The recession was precipitated by the oil price crash of 1982....

Shagari was in power from October 1 1979-December 31 1983

Buhari too also inherited a recession again in 2015...from the oil price crash of April 2014.(if GEJ had won, we would have been blaming him for the recession).

Nigeria's problem is dependence on oil. Buhari , even though he did not cause the recession now or in 1983-4, and 2016., has done nothing about the cause.

You are good at shifting the blame away from buhari so from 2015 to 2020 na Gej cause am or na shagari cause am too. Or let's say from 2019 to this moment . Buhari is a failure it's as simple as that .

Thanks to the dullard of integrity.

jajeri3216:


Think you replied the wrong moniker

Very sorry bro. My apology....

wrong analogy and similie.
Moses led the Israelites to Canaan the promised Land THROUGH the red Sea. You made it sound like he led them to their destruction into the red Sea.

inoki247:
our President is a record breaker in recession when Pandemic no dey sef he leads us into Recession like Moses leading the Israelites into the red sea...

CSTRR:

You are very lucky you are not saying this on Twitter.

Is it the state that determines macroeconomics?

Was it the states that created policies like CAMA, border policies, import duties, taxation policies?
Does the states run the CBN?

If investors want to invest in Nigeria, is it state or federal politics that will make or mar them?
Are the states even independent?

If I tear you slap, dem go hear am for your village.

That guy too mumu abeg. He go just come from farm, login to nairaland and start hopping from comment to comment saying nonsense.

Mark his username, cos you go still see am for another thread disgracing his lineage as usual.

Buhari is a failure in all ramifications

tartar9:

You're saying the same thing
So he's supposed to halt oil price fall and worldwide covid-19 that caused the decay process ?
How would you even know if things wouldn't have been worse had he not taken over.

Shut up zombie.

From buhari to buhari

haaryobhami:
in Nigeria history,we have faced recession 4 time now and 3 of d 4 was under buhari administration.
the man is a collosal failure and he is empty upstairs,I believe he is God punishment for d evil that has been happening in Nigeria.
all his tenure is synonymous to failure,tears,sorrow, anguish and suffering.
it shall not be well with the bastards still defending this man and God will make there life like d tenure of buhari.
how can someone be so empty and full of bad luck like buhari?.

You are a case of when "illiterates are given the opportunity to talk"

Please what do you understand about the dynamics of economics?