Neutralobserver:
What we should do now is simple

1.REMOVE SUBSIDES

2.FIGHT CORRUPTION

3.Get industrial.

tuna85:



Which one is great Okonjo Iweala, they destroyed the Nation just like APC is doing and you call her great.

Don't be deceived Bro

Rolly22:


She destroyed a country and she is currently handling World Economy? You must be reasoning from your anus.

EKONGKING:
The only thing holding nigeria is niger delta ,if niger delta militants start attacking oil facilities .Nigeria is done for.
They wont have any money to pay even for soldiers .
Forget all the online bravado exhibited by deluded patriots , Nigeria is a failed state or on vege of disintegration.

AllenSpencer:


What is the tactics here? That a country that could achieve close to nothing during the rainy days, is now complaining during a drought?

Its not magic or fiction, but a logical analysis. The worst is yet to come.

USA, India, China, Japan and Europe going green, and when this starts materializing, It will only get worse for Nigeria!

Or you will also blame Buhari for not saving during the rainy days? Okonjo knew what she was talking about as at that time.

post=100947417:

Hmmmmm, this is deep!

The Excess Crude Account was looted dry.
foreign reserves drawn down.
Federation Account, emptied.
We made the highest revenue in the history of our nation, But they still borrowed money to pay salaries!!!
And the economy was set on an irreversible path to recession.
NEVER AGAIN will our nation be that unfortunate.

We will get over this perilous time together in our nation.
Slow and steady we will get to the country of our dreams.
Nigeria will be great in our lifetime.
God bless Nigeria.


Time of plenty.....?
Hmmmmm, this is deeper!

We Rise!

blackmantis:
Why wouldn't we go through hard times with an Almagiri economic plan.

Instead of using money to create a good atmosphere for businesses to thrive you share it out amongst people to eat.

You create bogus feeding programs for imaginary children.


You close your borders for months and make it difficult for importers to gain access to cheap raw materials for production.

You refused to handle the invasion of farmlands by herdsmen making farmers abandon their farms.

You have not met the security challenges ravaging the country.

Why wouldn't we face hard times.

AllenSpencer:


What is the tactics here? That a country that could achieve close to nothing during the rainy days, is now complaining during a drought?

Its not magic or fiction, but a logical analysis. The worst is yet to come.

USA, India, China, Japan and Europe going green, and when this starts materializing, It will only get worse for Nigeria!

Or you will also blame Buhari for not saving during the rainy days? Okonjo knew what she was talking about as at that time.

tuna85:


Where is Buratai today - Confirmed as an ambassador by the Senate despite woeful performances.

Where are Okorocha, Amosun etc despite their corruption allegations. Elected into the Senate.

Tinubu despite all the visible corruption allegations is a leader in APC

Jonathan, despite how he ruined the economy was given important official assignments

The list goes on and on.

Now who is thinking from the anus?

Krismas:
4get the lie about going green. There is no green anywhere in this world that can do away with crude oil. Its the blood of modern economy-crude-oil! What is more pertinent is, WHY HAS THIS GOVERNMENT CONTINUE TO ALLOW THE IMPORTATION OF PMS? You sell Crude-oil cheap and buy back petrol costly? Sometime they just give oyinbo crude-oil plus the balance ontop to collect PMS.

post=100947417:

Hmmmmm, this is deep!

The Excess Crude Account was looted dry.
foreign reserves drawn down.
Federation Account, emptied.
We made the highest revenue in the history of our nation, But they still borrowed money to pay salaries!!!
And the economy was set on an irreversible path to recession.
NEVER AGAIN will our nation be that unfortunate.

We will get over this perilous time together in our nation.
Slow and steady we will get to the country of our dreams.
Nigeria will be great in our lifetime.
God bless Nigeria.


Time of plenty.....?
Hmmmmm, this is deeper!

Your Father Buhari and his co travelers are the ones that wrecked this Nation, not the one your pointing your biased finger on.

We Rise!

CocoaOla:
Nigerian inflation sits at 18.17%.

For the last decade, its ranged between around 8% and 18%.

"The Central Bank of Nigeria devalued the currency, the naira, by 24% last year. There are fears of a further fall in value by as much as 10% this year."

Braced up I see hardships war everywhere

post=100947417:

Hmmmmm, this is deep!

The Excess Crude Account was looted dry.
foreign reserves drawn down.
Federation Account, emptied.
We made the highest revenue in the history of our nation, But they still borrowed money to pay salaries!!!
And the economy was set on an irreversible path to recession.
NEVER AGAIN will our nation be that unfortunate.

We will get over this perilous time together in our nation.
Slow and steady we will get to the country of our dreams.
Nigeria will be great in our lifetime.
God bless Nigeria.


Time of plenty.....?
Hmmmmm, this is deeper!

We Rise!

Bouz:
This woman is an idiot, honestly, you are making policies that's crippling business, increased tax to 7.5% still charge stamp duties on all commercial banks and you have the audacity to advise states to increase IGR. ontop the suffering, No water, Bad roads, No light, High school fees, task forces extorting, Zero business and life security, shege banza dere.

Neutralobserver:


Subsidy is why we are not buying fuel at N340 per liter right now.

Before you start, I don't think subsidy is a good thing....because of subsides, refinereis have not been run profitably for decades, which has led to them breaking down, which led to us importing fuel, which we then waste money subsidisng to a level below the cost of producing and importing it.

Removing subsiusides will encourage domestic production, but there would be an increasse in prices first, before it gets better.



Corruption thrives because we don't see it as our problem...we see it as a government problem..and thus look for a superhero to come and save us...



Removign subsidy is a cheap way of attracting investment in the petroleum sector...no price control=greater chances for high profits=more investment,

Krismas:
Pls educate me. I tot devaluation was only advantageous in an export-driven economy? Why all these devaluation?

Ceaser01:
Good.

They should start cutting cost of governance starting from the ministers and legislooters.

When an individual spends money lavishly rather than saving and investing same, the end result are times like this. The average citizens of Nigeria are financially reasonable ones that try as much as possible to live within their means. Despite the difficulties, many have been able to own houses and afford for 'emselves the most basic things of life, even if grossly inadequate. That is why Nigeria has not seriously gone the way of Venezuela earlier than now: it is more of the efforts of the citizenry rather than the government. Most homes engage in some level of sustenance/subsistence agriculture and that has been able to keep hunger at bay. The few that have enough resources go into commercial farming, increasing the food capacity and earning a few more money for 'emselves in the process. About three months ago, two street people have called me for favour that I allow 'em use a few of my undeveloped plots to farm, a request which I eagerly obliged.

Even Nigerians in diaspora did not take the back seat. They have continuously played their part to keep oiling the sustenance of their folks back home. This they do by the dollar remittances to their families and doing so indirectly boost the dollar supply that has kept the naira reasonable to some extent.

Sadly this honourable trend of Nigerians farming to sustain 'emselves had to be destroyed by the government (the chief culprit in all these mess) by allowing Fulani herdsmen to attack farmers' crops and kill any of 'em that disagrees.

The chunk of the avaricious lifestyle that brought us to this level is done by the political class. They are the ones that loot the treasury to fund lifestyles overseas, carrying our common patrimony into the hands of other countries, destroying the home while developing those other countries economy in the process.

The problem started with the leaders/politician, it has continued with them being alive and the problem will definitely end with them being dead.

When a home faces financial crunch, the father and/mother cut down on their avaricious lifestyles for the time being. Much less of parte after parte, much less of owanbe, much less exotic foods and lifestyle while they concentrate more on using the limited income to sustain their family's basic needs of life - upkeep/feeding/shelter and their children's/ward's education. They have in mind that nothing lasts forever and the downtime will soon be over to a time things will become adequate again.

I hope those hoes/prostitut3s and criminals at Aso Rock know this simple life approach.

Oluwamarc:
Adelani Adepegba, Dennis Naku and Adeyinka Adedipe




https://punchng.com/fg-admits-revenues-crashing-says-nigeria-faces-hard-times/

Krismas:
Pls educate me. I tot devaluation was only advantageous in an export-driven economy? Why all these devaluation?

EKONGKING:
The only thing holding nigeria is niger delta ,if niger delta militants start attacking oil facilities .Nigeria is done for.
They wont have any money to pay even for soldiers .
Forget all the online bravado exhibited by deluded patriots , Nigeria is a failed state or on vege of disintegration.

post=100947417:

Hmmmmm, this is deep!

The Excess Crude Account was looted dry.
foreign reserves drawn down.
Federation Account, emptied.
We made the highest revenue in the history of our nation, But they still borrowed money to pay salaries!!!
And the economy was set on an irreversible path to recession.
NEVER AGAIN will our nation be that unfortunate.

We will get over this perilous time together in our nation.
Slow and steady we will get to the country of our dreams.
Nigeria will be great in our lifetime.
God bless Nigeria.


Time of plenty.....?
Hmmmmm, this is deeper!

We Rise!