Obailala's Posts
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luvinhubby:Okay, it is obvious that I am conversing with an illiterate or a prrson who is feigning illiteracy. Because I showed you a graph detailing where the drop in the economy started from but just like a kid, you keep being fixated on where it crossed the zero line. I gave you an analogy that if you cut a tree today, the leaves begin to dry up after a week, but that doesnt mean the tree was cut after a week. The hardest person to wake from his sleep is the man faking the sleep. You are obviously faking your ignorance by you continual insistemce that things went bad only after 1 year of buhari even despite the economic charts I showed you. Goodluck in your igborance. |
Izonpikin:Abi Bayelsa sef never fit pay workers for 8 months?..... make we dey look na... After all na buhari we dey suffer. |
asuo27:Your ignorance of what is going on your how the economy works doesn't change a fact from being a fact. In a society with plenty of money, as long as the money is being spent, irrespective of if its being stolen and squandered or whether it is being spent legally on developmental projects, as long as money is being spent, the nation feels it and it gives an impression of boom. But when the money is being stolen and spent corruptly, even though it may have seemed that the economy was booming, you only know the consequences of this foolishness when the money stops coming. This is like the story of the prodigal son who squandered his inheritance instead of investing. A lot of people keep ignorantly saying we fared better under corruption, but what you do not know is that if that corruption wasnt there, if those moneys were used for capital projects like roads, power plants etc instead of being squandered on private jets and lavish living, Nigeria would have had a structure to fall back on when the money stopped coming. Can you kindly mention one single road project that was completed using those moneys?.... N51 trillion was made in 5 years but I bet you cant mention a single road project completed in your vicinity. |
achieverme:The point is, buhari isnt the one who chased investors away, lack of money in the economy did... It doesnt matter when tou understand this or not, but when the economy picks up and money begins to flow again, the investors will return, under buhari or not. 1 billion Nigerians like yourself can keep blaming buhari for the downturn but that doesnt make it his fault. |
banio:Compared to Nigerias import bill at the times, having just $30billion at a time when the main source of forex inflow had dropped by 60%, that was dangerously low. It could barely meet up to 3 months import bill and Nigeria depends on imports for even food. |
Izonpikin:Oil is presently Nigeria's only source of income, diversification takes time (years) and money. Diversification wey ur pdp no fit do in 16 years na wetin u want buhari to wave magic wand do in one year?... u must really believe in the man so much to be a magician, or maybe u just hate the man die.. |
Izonpikin:Ntoor to you too... if una like make una dey use imported handkerchief and make some people dey applaud people wey dey bomb pipeline, yet the same people dey lament of recession. |
luvinhubby:I showed you a chart of our growth rate declining rapidly, but you think even though GEJ and his world class crew couldnt do anything when the oil prices were still considerably higher, you expected buhari to wave a magic wand and turn things around with oil prices below $30?... To you and your co travellers it just has to be buharis fault 100% and these are the same people accusing buhari of blame game?.. Tufia... your deep prejudice for buhari has completely eroded the last semblance of objectivity in you.. good night |
IBBG:The 'competent' PhD holder led past admin with a world renown NOI spent $10billion of our foreign reserves to stabilise the naira in their last 6 months but the naira still fell from 160 to 220. The new admin couldnt risk spending a dime to defend the naira cos the reserves had been depleted to dangerously low levels but you expect naira to be 250 because you think the new admin is headed by a demi-god?... clap for yourself. |
IBBG:Diversifying = Time (years) + Money Diversification, a feat which pdp couldn't achieve in 16 years is what you are blaming a new government of being unable to do in 1 years?... You should be clapping for yourself. |
asuo27:With 92% of Nigerias income coming from oil exports, Nigerias economy is basically hinged on oil price. High oil price = booming economy and vice versa.... Oh yes PDP takes higher portion of the blame for the recession because they had 16 years to reduce the over dependence on oil but they chose to share the money, peppersoup and bigstout. Today oil price drops, everything does south and ignoramuses are busy blaming new govt. |
Izonpikin:Businesses ran well because there was excess supply of forex to the nation. If the guys in your office are blaming buhati for their business suffering too, then kindly extend my ntoor to them purely for their ignorance. The main policy by this admin which has crippled businesses and which has sent many foreign investors packing is the forex restrictions. Under the last 6 months of the last admin, foreign reserves dropped rapidly from $38.5bn to $28.5bn, i.e. $10bn lost in 6 months. First thing the new admin did was to restrict forex to prevent further rapid drop in the reserves. That is an inevitable policy which was put in place to prevent Nigeria dropping instantly into the Venezuelan realm (zero reserves). Yes it has killed businesses but anybody who has refused to understand the necessity of that policy, I have no sypathy for such persons, they are free to curse buhari but posterity would judge him well on that. |
IBBG:Oh yes the last admin did not inherit eldorado but at least they inherited a nation with reserves and savings running up to $60bn, they also inherited a nation with less than $5bn in external debts. They did not also inherit a nation which had just recently lost over 60% of its income so your comparison is baseless. The true test of the last administration's competence was in the last 6-9months when oil prices began to crash. That period was what exposed tne ass of the last admin. FG borrowing to pay worker salary, fuel importers owed for 9 months, gdp growth rate that nigeria boasted of at 7% crashed steadily to 2.3%, foreign reserves crashed by $10bn in 6 months, the money was probably used to stabilise the naira but the naira nevertheless still crashed from N160 to N220 in less than 6 months etc etc.... I could go on and on... go get yourself informed, the economy was booming because oil price was unprecedentedly high all throught that admin.. Except you will say GEJ was the one who made oil price high, then your argument golds no water. Regarding the $30billion foreign reserve, the $3.7billion obj inherited os worth about $37billion today (if only you understand the concept of foreign reserves). Nigeria's import bill today is more than 10 times what it was in 1999. Compared to today, how many people in 1999 were into inportation?... how much was the demand for forex then compared to today when everyone has an international atm card? |
asuo27:You are contradicting yourself like millions of other undiscerning Nigerians. The point is simple, YOU CANNOT FORGET THE OIL PRICE BECAUSE IT IS ALL ABOUT THE OIL PRICE. I am not trying to defend anybody, I am only trying to deflate an erroneous shallow assumption that "Nigerias economy is bad because of Buhari." As long as Nigeria continues to depend on oil for 92% of its income, it will always be about oil price and the important influence of oul price can never be overemphasised. Every country in the world depending on mainly oil for their income is experienceong the same problem with Nigeria, except for the ones that have megabucks saved as reserves. Even the almighty canada is in recessuon presently. Oil price goes down, Nigeria's economy goes down; our gdp growth began its downward trend from mid 2014 as soon as oil price began to drop. Meanwhile that was when the PHd holding GEJ and the internationally acclaimed NOI were in charge. See image below: https://cdn.tradingeconomics.com/charts/nigeria-gdp-growth-annual.png?s=nigeriagdpyoy&v=201603120907n From the image above we can all see whrn the problem started; that the common man began to feel the pangs of the downturn in 2016, that doesnt mean theproblem began in 2016. People need to educate themselves instead of resorting to the same level of factless arguments as the artisans on the streets. |
luvinhubby:When you step on the breaks of a moving train, it continues to move for a while (decelerating) before it eventually stops. Oil still sold for over $65 when gej left office, but the gdp growth rate was already nosediving, and had fallen to 2.3% as at the time gej was handing over. Of course just like a decelerating train, it continued slowing down and crossed the zero line after buhari had taken over. See the image below.. https://cdn.tradingeconomics.com/charts/nigeria-gdp-growth-annual.png?s=nigeriagdpyoy&v=201603120907n From 6.5%, the gdp rate dropped (proportionally to oil price) to 2.3% under GEJ's nose, even though oil still sold above $65 as at the time gej left office but you think GEJ the PhD holder was an omniscient god... Now the already nosediving growth rate fell further to the present -2.06% under buhari, even though we all know oil prices (which gives Nigeria over 92% of its income) dropped further to below $30 at a time, but you think this is all buhari's fault and not a single fault of jonathan or other previous leaders?.... probably you expect buhari to be a miracle worker to automatically turn things around or print forex... What exactly do I call this your deep prejudice driven baseless and shameless judgement of buhari? |
asuo27:What did the PhD holder do with the Nigerian economy when oil prices began to crash? |
Izonpikin:By real change I suppose it is Uncle Jona? ![]() |
IBBG:$30billion foreign reserves for an import dependent and import addicted nation of 170million+ people is barely enough to meet a 3 month import cover. Firstly go and educate yourself on the meaning and use of foreign reserves before you return here to ask this your question. A JSS 2 student with N1000 savings/pocket money is more comfortable than a father of 4 who has just lost his job and who has 100k savings in his account. I believe this doesnt need any explanation. |
Stevengold:If the USA had 92% of its income coming from one commodity alone, and the value of that commodity drops by over 60%, not even 100 obamas would have prevented the economic turmoil we are facing so quit this baseless comparison. Regarding the blame game, the last time I checked, most of the blame statements we see are mainly responses. If the shameless pdp guys can shit their shameless mouths for one second and stop ascribing their 16 year mess to a 1 year old government, the one year old govt would certainly face the act of governance without resorting to blame anyone. Obama inherited a dying economy but he didnt resort to blaming anyone in the past, he just settled down and worked. But do not be deceived cos never for once did we hear of GW Bush or his republican party or their supporters running all over the place to blame obama after 1 year of all the problems he met in the US. |
luvinhubby:All those negative things I mentioned that happened under GEJ's nose just b4 handover, you call all those progress right?... or sorry, you call them deceleration and when they continued under buhari you called them reversal?... Lawd av merci on your soul... The nation was set on a high momentum reverse motion as soon as oil prices began to crash, your gej with his world class economists couldn't stop the downward nosedive even though oil still sold above $65 when he left, but you expect the demi-god buhari to swing a magic wand and stop the reversals even though you are aware that oil crashed further to below $30 coupled with the fact that your friends in the creeks plugged out half of Nigeria's output, you still expect a miracle from buhari but you carefully excused gej who experienced much better conditions but couldnt stop the down trend? You must either hate buhari so much or are just a very inconsiderate, undiscerning human. |
otitokoroleti:Wetin concern gowon or chadians or almajiri inside this matter?... What sort of directionless ranting is this?... okay since Hausa-Fulani almajiris are the problem, abeg why could a PhD holder southern president not do anything to diversify the economy in the 5 years he ruled when the nation fortunately even had the required cash to diversify from oil? By the way, regarding the ongoing oil exploration...., that a country is trying to increase its source of income, that doesn't mean it should abandon its present, proven income source. |
anonimi:Oh, I forgot who I was talking to, I forgot that I had to break it down in kindergarten language. Okay, I was simply explaining the case of the unstable, ungrounded minds who out of hunger and excess mingling with wailers, began to join the shallow bandwagon of people saying "buhari is solely responsible for Nigerias present condition" Meanwhile like I said earlier, it is only ignorant folks that you can deceive by flaunting GDP growth rate of 7% from 2013/2014. I'm still waiting for you to kindly show us the 2.3% (and still falling) GDp growth rate as at the second quarter of 2015 when your oga was leaving offfice? |
anonimi:Ignorance bug is widespread, hunger also helps to spread it faster. When a person mingles with ignoramuses for too long and he's not well grounded in his books, coupled with the effects of hunger, such a person is bound to fall by the roadside and join the ignoramuses to spew emptiness. That explains the case of those people picking wailers form and claiming that buhari is responsible for the hunger in the land. By the way, just for your info, that someone complains about the actions or inactions or gaffes of the present government, that doesnt make one a wailer; a wailer is one who laments and criticises pointlessly, just for the sake of it. By the way, it is only ignorant folks that you can deceive by flaunting GDP growth rate of 7% from 2013/2014. Kindly show us the 2.3% (and still falling) GDp growth rate as at the second quarter of 2015 when your oga was leaving offfice? |
Forwetinnah:When a country of 170 million people foolishly chose to rely on just one single volatile priced commodity for over 92% of its income, the effect of cutting up to 60% of this foolish country's income shouldnt be too difficult to discern. Unfortunately, even with the present hit, the countrymen (both educated and uneducated) for flimsy political/tribal/ethnic reasons still bluntly refuse to realise that this total reliance on one commodity is the mother of the current travails of the nation, rather we choose to politicise and trivialise it by claiming it is one politician or the other who came in a year ago that is responsible for the problem. Nigeria obviously isnt ready to grow cos you cant grow without firstly defining and accepting what the problem truly is. |
luvinhubby:When you cut the tap root of a tree, the leaves don't wither immediately... it takes at least a week or two before the leaves begin to dry up and fall off. But common sense entails that the problem did not start when the leaves began to fall. Nigeria was on life support and the economy was accelerating to the abyss when the last govt handed over to the present govt. Only ignorant people dont kbow that and only ignorant people argue about that when reminded of the facts. A country that was already borrowing to pay FG workers' salaries, a country that was already owing fuel importers for almost a year, a country whose foreign reserves dropped by $10bn in 6 months even when oil still sold above $65 (meanwhile the naira still crashed from N160 to N220 within few months notwithstanding the $10bn expended to checkmate this drop), a country whose gdp growth rate just within 3 consecutive quarters had dropped from 6-7% to 2.3%. This same country owed all contractors their entitlements since 2014, forcing contractors to abandon site and render thousands jobless, not until this year (2016) when the new govt managed to provide funds to get contractors back to site. I could go on and on, but then, there is no point. People who have chosen to be ignorant will remain so irrespective of what they are shown. So bros, park well! |
asuo27:During elections, while apc was campaigning, pdp was searching for buharis certificate. Today, 16 months later, while buhari is cracking his old brain thinking of how to upturn the recession brought about by years of useless leadership, some Pdpians and Jonathanians are still searching for buharis certificate and you are expecting buhari to leave important national issues to come and start searching for certificate for you?.. wonderful Like I said, anybody that needs certificate (paper) is free to travel to cambridge and ask for 1961 results.. |
Izonpikin:Like I said before, make una dey there dey pursue certificate... u go soon tell me who certificate epp.. GEJ and aunty Patience with their PhDs, what did they achieve?... sinking of the nations financial momentum and throwing the nation into untold debt even when they enjoyed massive oil boom. Abeg remind me of the name of one road project wey GEj and him PhD complete after 5 years and N51 trillion? |
Businessmen dont take their money to locations where their isn't money; even the akara and akamu seller would prefer to take their wares through neighbourhoods where there is substantial wealth. Foreign investors aren't charities, rather they are fair weather businessmen who come when there is money flowing around and exit when the money stops flowing. They will all rush back into Nigeria the moment the economy regains consciousness. |
Izonpikin:Una still dey find certificate abi?... others bin dey campaign for election, instead una dip una head inside basket dey find certificate until una lose election... one year later una still dey find the same certificate... wonderful! ![]() If na the certificate go give una life, why don't u take a trip to Cambridge to ask for the records of results from 1961?... as far as inec and election is concerned, all they needed was a statement or an appropriate affidavit from a reputable court or institution like the military that the candidate has a result... Buhari has since met with that requirement and cannot be bothered by empty side talks from losers.... once again, anybody that thinks buhari certificate is more important than governance, such a person can take a trip to cambridge; if you need the address I go give you, e nor far from London. |
HisSexcellency:Lol.. Judging by the red comments in the picture above, only dull folks still think there is something wrong with the image of that result you posted above. I graduated from my secondary school about 15 years ago, if I decide to go back today to get a statement of my waec result from my secondary school, the date on the statement would read 2016 and the format of the result would be in the 2016 template, not the old 2001 template. Dull people wouldnt be expected to know this though, especially when they think they are smart FBI agents that know better than the rest of the world who have moved on to better things since over a year ago. |
drss2:Gerrarrahia mehn... |
drss2:Na wa oh... if I tell you I understand the words you just mumbled above, I am a liar. Now wetin even bring SW enter this matter?... Ethnic/tribal bigotry has certainly melted many youth brains across Nigeria.... According to the melted brain school of thought, any body not supporting GeJ and who doesnt seem like a northerner must be from SW okwa ya?.... Amaechi too sef na SW just as Rochas papa na Awusa... ![]() Now regarding amaechi vs gej, na by force to support GEJ?.... By the way who even started the feud between amaechi vs jonathan?... strong amnesia don dey worry people that they cannot remember aunty Pati dragging microphone from Amaechi, they cannot remember police security being withdrawn from amaechi and they cannot remember amaechi being locked out from his govt house by Uncle Jona and his boy (Mbu)... In fact the amnesia dey very strong cos some pipo no fit remember when GEJ tell amaechi say 16 > 19 and when on the orders of Mama P and Uncle Jona, 5 members of Rivers state HOA with the use of cultists/thugs, brutalised pro amaechi lawmakers and chased them away from the assembly and began impeachment proceedings against amaechi (5 > 27). Need I mention when Amaechi's plane was held hostage and grounded on several occasions on orders from above? Finally Amaechi decides to clap back, he runs away and empowers a movement that uprooted the Otuokean from Abuja back to Otuoke while Amaechi himself relocated to Abuja.. Karma na real ashawo... Now many hitherto cheering jonathanians dey shout traitor! Betrayer etc... cry me a river, e dey pain am well well ![]() |
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when he was campaigning with his change mantra was he not aware of what was on ground?...I guess No!, cos he needed to wheel power.
