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Nairaland Forum / Nairaland / General / Politics / How Nigeria’s Economy Nosedived In 10 Years (14093 Views)
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Re: How Nigeria’s Economy Nosedived In 10 Years by Aldebaran(m): 8:10pm On Feb 11 |
Hmmm |
Re: How Nigeria’s Economy Nosedived In 10 Years by LegallyBlunt: 8:10pm On Feb 11 |
10 MONTHS, you mean??
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Re: How Nigeria’s Economy Nosedived In 10 Years by Princedapace(m): 8:11pm On Feb 11 |
obinnajohnson: What people dont understand is that Buhari finished Nigeria. He was so tribalistic that he rated his tribe's interest against the interest of Nigeria. Tinubu inherited a finished Nigeria. Most of the security issues we have got worse under Buhari simply due to tribalism. Omo, to fix Nigeria now go need miracle. Tinubu seems to continue with the tribalism stunt 3 Likes 1 Share |
Re: How Nigeria’s Economy Nosedived In 10 Years by franchasofficia: 8:12pm On Feb 11 |
I hope Yorubas are taking note of how their fellow Yorubas who are in total control of Nigeria now since 2023 have destroyed Nigeria's economy and security beyond measures? Before you quote me, please read below: Southwest ought to be the safest region in Nigeria with zero case of crime or insecurity, ask me why? President - Yoruba man Chief of staff - Yoruba man Chief Justice of Nigeria - Yoruba man Chief of army staff - Yoruba man Inspector General of Police - Yoruba man EFCC Chairman - Yoruba man Customs comptroller - Yoruba man Comptroller General of Immigrations - Yoruba man CBN Governor - Yoruba man Minister of Interior - Yoruba man Minister of Finance - Yoruba man Minister of Justice & Attorney General of Nigeria - Yoruba man FIRS Chairman - Yoruba man Yorubas have no single reason whatsoever to complain again in Nigeria because they are completely in charge of Nigeria now. 11 Likes 2 Shares |
Re: How Nigeria’s Economy Nosedived In 10 Years by Odidigboigbo(m): 8:12pm On Feb 11 |
Most funniest thing is handling over our economy to a people known for "Faji". People that will celebrate the remembrance of their great grandfather that died 50 years ago because a little change entered their hands, the next day after the remembrance they will be looking for money to pay their children school fees. People that will borrow money to celebrate freedom from learning a trade/work; after two years of "shutting down street for the celebration, he has no shop or a single tool to startup his trade. They are bad economist, is in their blood 4 Likes 1 Share |
Re: How Nigeria’s Economy Nosedived In 10 Years by adonainana: 8:13pm On Feb 11 |
DIVERSIFY THE ECONOMY DIVERSIFY THE ECONOMY CRUDE OIL IS A BLESSING A CURSE THE CURSE IS MUCH MORE BRUTAL THAN THE BLESSING I have said it here many many times on nairaland what Nigeria must do https://www.nairaland.com/7989133/naira-rebounds-banks-offload-excess/4#128260034 Convert all NYSC CAMPS into cash crops processing mega centres Instead of corpers shouting corper wee wee up and down employ them to run these mega farms and produce Made in Nigeria cash crops DO you know much land Nigeria has in the south Till today I have never seen a crop in my life THAT CANNOT GROW IN NIGERIA. Made in Nigeria bananas Made in Nigeria mangoes Made in Nigeria pineapples Made in Nigeria cocoa Even if it’s just one made in Nigeria something that is flooded European markets with Then that’s all you need TO MAKE THE DOLLAR almost as strong as the naira . The first paragraph just told you there was a time in Nigeria in 1980 where naira was stronger than dollar and that time Nigeria exported more than it imported and thus the favourable balance of trade even made it have 9 billion dollars extra THIS IS NOT SOME ECONOMIC THEORY OR SOME TRIAL AND ERROR DIVERSIFY THIS ECONOMY FOR GODS SAKE LEAVE CRUDE OIL ALONE , humans eat and humans eat most crops , even cocoa that cannot be eaten directly It is needed for making chocolates coffee THE NIGERIAN EXPORT SHOULD BE MERGED INTO NYSC , and nysc camps should be converted to these mega farms and tons and tons of crops should be processed to be shipped out FG should go to European countries and lobby each country to buy even if it’s made in Nigeria bananas, that are being processed and prepared in advance from the NYSC camps . Any embassy or country that doesn’t want these MADE IN NIGERIA products should be closed down Any country that doesn’t mind buying Nigerian oil but when it comes to made in Nigeria products it’s reluctant is an enemy of Nigeria . This is the only way NIGERIA CAN escape poverty PLEASE IF ANYONE CAN READ THIS PLS I BEG YOU IN THE NAME OF GOD I AM FROM THE FUTURE . NIGERIA BECAME WORSE THAN WHAT IT CURRENTLY IS RIGHT NOW NIGERIA pls diversify this company all oil licenses of any oil company should be revoked and tax free concessions given to AGRICULTURAL companies Nigeria please leave crude oil alone Sunshine is free Rainfall is free Photosynthesis is free These are the 3 things you need to grow any cash crop in the whole world and feed the whole world if you are serious with it YOU CAN SELL ANYTHING TO EARN FOREX IN THE INTERNATIONAL MARKET , it’s not only refined oil you sell there Please convert all Nysc camps into these mega farms and start churning out tons of materials to earn good money outside NIGERIA PLS LEAVE CRUDE OIL ALONE THE UK import bananas all the way from Panama and South Africa Please which country is closer to the uk. How big is Panama and how much land does South Africa that tescos stores in the uk import all the way down South Africa for bananas Why can’t there be made in Nigeria bananas Why this oil curse for Gods sake How much green land do we have in the south of Nigeria that bananas fresh good ones can’t be planted to be exported in tons Convert all nysc camps to farms now , double allawee to corpers that want to work leave the ones who don’t want to go and be looking for thier oil corporate jobs After converting the nysc camps into mega farms Merge nysc and the Nigerian export council and EXPORT all your wahala and earn cool forex Find a country and export good fresh foods to this country No one can tell me this is impossible If elections materials can get to every nook and cranny of this country You can’t tell me state sponsored Mega farms are impossible ALL THE TRILLIONS SAVED FROM FUEL SUBSIDY. Invest it in agriculture and become a sole supplier of foreign countries different types of food Tomatoes Peepers Cashews Bananas Carrots Do you know how much crops you can grow for free and make FREE DOLLARS FOR free Who told these guys oil is the only thing you can sell Once again scroll back up and check the first paragraph soemthing used to happen to Nigeria before 1980 After 1980 it got carried away and chased something which is crude oil And 50 years later Nigeria life has never remained the same Please diversify this economy now Besides carrots takes 3 months to grow Cucumbers etc There are some crops that if Nigerian becomes a sole exporter to selected foreign countries growing them would be light work Infact self nnpc should be forced to buy shares in this new mega farms Leave oil alone 4 Likes 1 Share |
Re: How Nigeria’s Economy Nosedived In 10 Years by ChristineC: 8:14pm On Feb 11 |
your reward for voting APC. Cheer up. 3 Likes |
Re: How Nigeria’s Economy Nosedived In 10 Years by LegallyBlunt: 8:14pm On Feb 11 |
ajimo54:
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Re: How Nigeria’s Economy Nosedived In 10 Years by Nlandmodesfku: 8:16pm On Feb 11 |
It shall not be well with Buhari and Tinubu. Two worthless nonentities who destroyed this country out of selfish ambitions. 5 Likes 2 Shares |
Re: How Nigeria’s Economy Nosedived In 10 Years by Franking: 8:17pm On Feb 11 |
Don't blame Tinumbu. Blame Peter Obi. |
Re: How Nigeria’s Economy Nosedived In 10 Years by vickthourh(m): 8:17pm On Feb 11 |
Bad leaders creates bad economy 2 Likes |
Re: How Nigeria’s Economy Nosedived In 10 Years by Everydaylove: 8:17pm On Feb 11 |
This is what we get when make bad decisions. Buhari and Tinubu would not be forgetten for bad records in the history of Nigeria. 2 Likes |
Re: How Nigeria’s Economy Nosedived In 10 Years by RepoMan007: 8:17pm On Feb 11 |
Jessyjeff:10 years ago started in 2013. Was APC in power at federal level? Read post, una no go gree . . see your life now. 1 Like 1 Share |
Re: How Nigeria’s Economy Nosedived In 10 Years by blacknp(m): 8:18pm On Feb 11 |
Godfullsam:If you believe your own lie mixed up with a faint imagination, then why did you Nigerians vote Pdp out of power? |
Re: How Nigeria’s Economy Nosedived In 10 Years by lexy2014: 8:19pm On Feb 11 |
Islie: Summary can be found in the first sentence of the article The inability to manage Nigeria’s wealth over the years has been identified as the main reason for the decline of the country’s economy over the years. 1 Like 1 Share |
Re: How Nigeria’s Economy Nosedived In 10 Years by yemmywesey(m): 8:21pm On Feb 11 |
Please bring back president good luck Jonathan, I miss you sir. Nigerian was eldorado under your watch, Until nepa certificate and drug baron became our leader. 2 Likes 1 Share |
Re: How Nigeria’s Economy Nosedived In 10 Years by lexy2014: 8:21pm On Feb 11 |
RepoMan007: The average figure for 2014 was 8.1 percent. The inflation figure was 8 percent in January and ended with 8 percent. While in 2015, the average inflation rate was 9.01 percent with 8.2 percent recorded in January and ended in December with 9.55 percent. |
Re: How Nigeria’s Economy Nosedived In 10 Years by EdiskyHarry: 8:23pm On Feb 11 |
If you voted for APC despite the misery they caused the masses for years due to tribalism, religion, political party or as an act of wickedness, may God punish you. 3 Likes |
Re: How Nigeria’s Economy Nosedived In 10 Years by reiddecuti: 8:23pm On Feb 11 |
slivertongue: We have the Light in the person of Peter Obi but decided to go for thief. Make we enjoy the moment while it last. Las, Las, we go get sense by force and be serious for once in this country. 2 Likes 1 Share |
Re: How Nigeria’s Economy Nosedived In 10 Years by israelmao(m): 8:24pm On Feb 11 |
Buhari's first misstep was mismanagement of Niger Delta crisis he continued to use force instead of calling the stakeholders for a roundtable discussion and led to the first economic recession until Osinbanjo stepped in when Buhari was away on 3-month foreign medical trip and engaged Niger Delta militians in peaceful negotiation.Another economic recession followed due to the mismanagement of Covid-19 pandemic coupled with Buhari's inapt attitude of putting the the square pegs in round holes not only that people of questionable characters who looted and re-looted the recovered loot without a blink.In addition,the shutdown of Nigerian boarders other unpleasant economic and monetary policies created bumpy rides. |
Re: How Nigeria’s Economy Nosedived In 10 Years by blacknp(m): 8:25pm On Feb 11 |
yemmywesey:Even the scripture says it is a curse to yen for the leaders of the past. It was eldorado under Ebele you clam, yet you where the same People in the majority that voted him out of power, or who are you blaming for your action? |
Re: How Nigeria’s Economy Nosedived In 10 Years by officialfestus(m): 8:26pm On Feb 11 |
APC. |
Re: How Nigeria’s Economy Nosedived In 10 Years by MemphitzDgreat1(m): 8:27pm On Feb 11 |
If Nigeria was your business would you have hired someone who licked a microphone when asked to test it to be the CEO? Would you have hired someone who bluffed “A Town Hall, Different From Balablu Blublu, Bulaba” to head the organization? The moment we start treating Nigeria as our enterprise we will then understand what leadership entails. 3 Likes 1 Share |
Re: How Nigeria’s Economy Nosedived In 10 Years by blacknp(m): 8:27pm On Feb 11 |
EdiskyHarry:The irony is that your supposed curse is just an indictment of yourself, unless you are not Nigerian? A failed specimen will always look 👀 for others to blame, maybe The APC is a Ghanaian Political party that caused hardship on you Nigerians? |
Re: How Nigeria’s Economy Nosedived In 10 Years by Dancebreaker: 8:27pm On Feb 11 |
RepoMan007:Dude, these things are analysed in 10-years cycles. In any case, don't pretend that almost 9 years of APC has not been enough to change whatever mess they claim they inherited from Jonathan's 6 years in office. You come to power to better what you campaigned to replace, not to lament. Be honest with yourself and look at inflation and Forex yearly from 2009 to May 2015 and from June 2015 to 2024. The truth shall set everyone free. No hiding place for anyone from inflation, insecurity/kidnappers/bandits. Na everybody dey hear am. 2 Likes 3 Shares |
Re: How Nigeria’s Economy Nosedived In 10 Years by Angelfrost(m): 8:29pm On Feb 11 |
The day millions of brainless citizens marched against Subsidy removal in 2012 was the day I knew this nation had dug its grave. Electing a clueless vindictive cattle rearer was the final nail in the coffin. 2 Likes 3 Shares |
Re: How Nigeria’s Economy Nosedived In 10 Years by Goodoldays(m): 8:29pm On Feb 11 |
What else do you expect from a yellow bar president |
Re: How Nigeria’s Economy Nosedived In 10 Years by blacknp(m): 8:31pm On Feb 11 |
Angelfrost:Man so you are intelligent like this? The irony is that the same Hypocrites the Mumu citizens, the Useless NLC & TUC are the same ones blaming others today for their own actions in 2012. |
Re: How Nigeria’s Economy Nosedived In 10 Years by CSTRR: 8:32pm On Feb 11 |
Future generations will curse the day APC took power. That was the beginning of the lose of future for future generations of Nigerians. A drastic change in fortunes because some ethnic renegades without any clue of how Nigeria became an economic powerhouse took over power. 1 Like |
Re: How Nigeria’s Economy Nosedived In 10 Years by Seunpapa65: 8:35pm On Feb 11 |
This picture broke my heart
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Re: How Nigeria’s Economy Nosedived In 10 Years by nlreserve: 8:35pm On Feb 11 |
Where is helinues? |
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