₦airaland Forum

Kagawa10:
Nigeria situation could be likened to a market woman who sells 20 number of corns at a rate of 110 naira per each daily. Years later, the market leaders eventually reduced and controlled the price at 50 naira. The market woman is still expected to sell same 20 number of corns but nothing higher than this. Tell me if the woman's income would increase or decrease? However, if the woman had saved enough when the corn was still priced at 110 naira, she wouldn't be affected by the fall in sales price, pending the time sale price would increase once again.

That's the situation of Nigeria today. When crude oil which is our main source of foreign revenue was selling at $110 per barrel for more than 5 years under Jonathan, Jonathan didn't save but looted us dry instead. We're suffering from this effect today now that crude oil has been selling at a poverty rate of $50 per barrel for the past 4 years under Buhari yet Buhari administration has had so many projects undertaken by him despite earning 60% less.

If only people knew what other oil countries such as Angola and Venezuela are passing through during this global crude oil price recess, they would thank God Buhari came in rather than Jonathan who looted us dry despite oil boom when crude oil was selling at $110 per barrel for five years unlike the paltry $50 it has been selling under APC. If the looting Jonathan couldn't save during the time of plenty and was already borrowing, how would he have carried on during this crude oil price recess?


Despite Buhari administration earning 60% less yet he's come up with plenty projects such as

Our railways at itakpewarri, Lagos-ibadan, Lagos-Abeokuta, kaduna-abuja etc,

The production of low cost fertilizers,

Zik maoseleum

Baro inland port,

Kaduna inland dry port,

Port Harcourt airline terminal,

Abuja airline terminal,

Rice mills,

Foreign reserve increase from $26b to $43b,

Construction of our express highways such as enuguonitsha, Lagos-ibadan etc,

Several bail out funds to state governors,

Social policy schemes such as tradermoni, npower etc

Payment of all pensions of airline staffs that were forced to retire after the shambolic privatisation by Atiku. PDP didn't pay them in the last 16 years.

And most especially, stabilizing us through this recession which happened because jonathan failed to save despite earning 60% more than Buhari. Note that there has been a fall in the price of crude oil from $110 per barrel in 5 years under Jonathan to a paltry $50 per barrel under Buhari administration yet Buhari was able to keep us afloat while having many projects undertaken by him, thereby surprising Ngozi Iweala and Charles Soludo who predicted recession because jonathan looted and failed to save during the time of plentiful.

Sai Baba. PDP, Neva again


Bros,always confirm your info pls,the railway project was done on loan by Chinese CCECC Company. Which we are to refund for the next 25years.

Felixv:
No need.

Just take bus ride along the Lagos Ibadan railway line. Something the pdp couldn’t even dream off