₦airaland Forum

Joarams:
I'm not even an Economist but I know that you can't spend GDP. What you need to have looked at is Nigeria's Export earnings. This is what the Federation (FG, 36 States and the FCT) share for spending and for paying salaries. Oil contributes over 80% (sometimes up to 90%) of Nigeria's Export earnings. Now with oil dropping from $140 per barrel to as low as $30 per barrel, I hope you get the recession logic.

Look deep bro you will see all that is affecting the economy is Buhari. .OBJ met oil prices lower ,almost zero foreign reserve ,almost huge debt profile and no democratic structure yet there was no recession then ..Make we open eyes oo

kross01:
Oil contributes 15% of our GDP, how does the drop in oil price take us into recession? This is just like telling me a shareholder holding 15% shares in a country can unilaterally decide the company's future. Drop in crude prices should have only affected our earnings but could never have driven us into recession, economic mismanagement did. And the chief contributor to such mismanagement is the constant policy summersault by the present government, nothing erodes investors confidence more than that.

Till people understand the mere presence of Buhari and his bad decisions based on poor Judgement is responsible for the recession and not any oil price

nototribalist:
your own case requires WHO to give you your own anti zombie vaccine. 2 gbosa for your zombiesm.

Even on judgement day that idiat will still be a certified zombie

satelliteDISH:
Where did i go wrong? And y are U calling me a fool.

Sorry bro..I don't even know hy I made that comment ..I will take it down now

Drabeey:
I've never passed in front of a school in my whole life.
It's so unfortunate that some people will rather see their house burnt down than doing anything to it, all for the sake of 'i told you so'. If olny you understand that.
You need to get a life bro. Its important we start defending our beloved country than castigating her, above all, supporting an external force to pull her down

Pls i need more lectures and enlightenment on plagiarism. Im a stack illiterate.

Drabeey have spoken

You get paid to defend a dishonest man online ..bro that's also dishonesty

Davash222:
"... the first day I saw him , sincerely I didn't like
him ... But with time I had to give up cus he was nice to me ...."



You didn't like him initially, even now you still dont like him.
You gave up cos he was nice to you, that means, after showering you with gifts and money, you started loving him.
Girls eeeeh.

I smell turbulence ahead

Where are the idiats that kept saying Fashola had added some Phantom Megawatts to the grid ..he has been exposed ..Fashola attempt to use propaganda to generate fictitious mega watts might be the undoing of that sector ..this interview proves once again Fashola is not a serious somebody. .instead of him to work on Improving power he chose last week to launch a media campaign on land air and sea about how he had solved Nigeria's power problem

menxer:
Is Egbin the only power plant in Nigeria, how can he make such statement?

Its the biggest thermal plant in Nigeria and its the most reliable

Godfullsam:
Chai!

This woman and her husband are the classical definition of fantastically corrupt leaders.


This is our collective wealth and wailers who can not afford 3 square meals a day will come in defence of these useless leaders...

SMH!

Yet you argued that Buratai saving bought him two luxury homes in Dubai and you have never criticized oriental hotel Lagos which dwarfs this small hotel in every way

xreal:
Afterall he is qualified and was serving in the same agency (NIMASA) before now.

I wish him the best in his new appointment.

Its comments like this that attract Thunder..bro from now avoid rain storms

President Buhari keeps proving everyday that he is not different from past Nigerian leaders. Mr integrity indeed

TheRealAfonja:
Ambode is just another thief.... Wait till second term you will see

Shut up

Ambode our Hero...I love this guy

Clearly a typo

truthspeaks:
thr z time for jokes n time 4 seriousness. If na ur pikin dem steal, wld u be talkin like dis?

Who told I was joking ..I just stated a distinct physical fact that might all of us looking out for the child

KunkeAkinola:
Yu are so ignorant. Do you even have any meaningful understanding of what we are facing in Nigeria. Bro, it's not political, it's economical

So you still haven't realised that Buhari is an economic problems on his own

This must be what the English language describes as "beaten blue black". Jeez

Jesusloveyou:
that is why i refer to ipods as flat heads, what did gej do when oil were $120, he share d money to his cronies, he also share reserve,swf and ECA, pmb help him to settle his outstanding subsidy scam, fertilizers subsidy scams, contractors, bailout pdp states. etc. just within a year

You are not a smart man. .so in your little mind anyone that criticises Buhari must be from the East? It just shows how weak and warped your mind is ..you can't even see things outside tribal or sectarian lines

Is it me or that baby looks a lot like Osinbanjo

Jesusloveyou:
it is only a fool that wil vote pmb and stil blame pmb for doing a good job of rescue us from the mess pdp and ineffectual buffoon put us.

Its only a fool that won see that PMB doesn't have what it takes to be even an average leader ..as long as he is there I see no remedy to the downward spiral of the economy. .we know oil prices are low but a lot of his poor decision amplified everything

Julietcutie:
Aww... she is so cute

You are too

The Federal Character commision needs to hear about this ..Those medals need to be returned as they do not fairly capture Federal Character in the recommended quota .

I came here to see beauty queen and not some Manga anime

Once witchcraft becomes a Chevron requirement many Nigerians will

Businessideas:
I disagree sir.Truth is sacred and no amount of intimidation to stop us from putting the blame in the right quarters will stop us. How has blaming Jonathan stopped Fashola from getting the job done with electricity generation that has greatly improved, how come the blaming of GEJ didn't stop federal government building the trains, roads, paying salaries, getting MTN to pay the fine, arresting the economic saboteurs blowing our pipeline,curtailling Boko Haram like the last sallah we had no bombing,among the great job the current administration is doing?
Everywhere we turn is a sad obscene reminder of the locust years of GEJ. We and the current leaders will blame and blame the corrupt administration of GEJ,GEJ himself and his generation of corrupt political/military appointees. This is posterity judging them harshly and it will be a deterrent to others who may want to toe the dishonorable path of GEJ to remember that we will never forget their ills.It is in the interest of those killed by the corruption of the last GEJ administration that we hold GEJ accountable. Truth can not be hidden.

Your Moniker is business ideas but ironically your business sense is very myopic..Please tell me what Job Fashola has done ..has he added a single megawatts he added on ground? As I speak there is nothing special happening in the power sector infact i still make do with about 6 hours of light on the best days ..And please Mr Business ideas can you tell me how the MTN fine has helped Nigeria ..for you info that fine did more damage to the economy than good ,it made many of the companies including MTN expatriates billions of dollars out of the country in the wake of the ridiculous fine and guess what MTN still did not pay the fine and instead sent President Zuma to request a negotiations which they ended reducing from 5 billion dollars to a paltry 180 billion naira to be paid over 5 years and guess what dull man its you and I that will pay that fine from phone calls ..try and open your mind bro

Jesusloveyou:
we only want ur ineffectual buffoon to just return our money he met in reserve, if $47b was stil in reserve, u ipod wouldnt have be making noise.

Keep waiting for him to return 47 billion dollars okay.... at least he met 47 billion and after 6 years he left 30 billion while Buhari in just 6 months deleted 30 billion to 20 ..I am not even a fan of Jonathan and I voted for Buhari but as it is now Jonathan as clueless as he seemed was lightyears a better president Buhari can ever dream of

The first thing is to halt further slide of the naira and the only solution to that is for Buhari to resign .Buhari personifies visionless and his mere being there will deter the much needed foreign direct investment

Selling NLNG is a solution alright but one that will help the Federal govt in the short run and help Dangote and Co in the long run.

Good good good we are getting somewhere in this blamocracy
.we have at least move from Jonathan to others
.