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Pidggin's Posts

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PoliticsRe: Mass Defection From APC To PDP In Edo State ahead of 2016 elections by Pidggin(f): 3:56pm On Feb 12, 2016
The wave has just started, meanwhile nobody accused by the EFCC has been convicted by the courts
FamilyRe: My Mother Is Gone. by Pidggin(f): 3:35pm On Feb 12, 2016
So sorry dear, may God grant her eternal rest and comfort you all.
PoliticsRe: No Territory Under Boko Haram Says Buhari, You Lie Borno Residents Reply by Pidggin(f): 12:41pm On Feb 12, 2016
When will people learn that this govt is based on a foundation of propaganda and lies
PoliticsRe: EFCC Arrests Lara Amosu, Recovers $1m In Soakaway Pit by Pidggin(f): 12:38pm On Feb 12, 2016
.... meanwhile exchange rate is N325 to $1, zombies keep listening to propaganda while you perish
PoliticsRe: Nigeria Will Shake If I Reveal What Happened Under Gej's Administration – Ex-adc by Pidggin(f): 12:34pm On Feb 12, 2016
Reveal let us shake, can it be worse than Abacha loot? We are waiting

Meanwhile exchange rate is now N325 to $1
FamilyRe: My Daughter At 7 by Pidggin(f): 12:17pm On Feb 12, 2016
Hbd dearie, she's so cute!

OP, please ignore the haters they are jealous of the bond you have with your child.
PoliticsRe: We Can’t Establish N1tr Theft By Lamorde, Says Reps Panel by Pidggin(f): 8:26am On Feb 12, 2016
Most of the cases on media trial have been refuted after proper investigations are made, and some people still believe the lies, zombies are gullible
PoliticsRe: How Ojogbane Adegbe Transported N10bn In 17 Suitcases To PDP Chiefs - Today.ng by Pidggin(f):
Has the court declared these allegations true?


If the matter is being investigated by EFCC how come it is being reported as though judgement has already been given? who judged the case? How many people have been convicted after previous sensational media trial?


E no go better for dis propaganda govt
PoliticsRe: The Scorecard Of our economy for the past 15 years according To IMF by Pidggin(op): 1:30am On Feb 12, 2016
tbaba1234:
^ Campaign is over, stop rehashing failed lines.....

Rebasing economy is no achievement. Which Jobshuh where?? Dangote becoming richer?? Youwin? "Remodeled airports that were leaking all over and won award of world's worst airport? http://www.cnn.com/2015/10/19/aviation/worlds-worst-airports-2015/ Every single one of these have been addressed.

Talk to any unbiased economist about the state in which the yaradua and GEJ administration met the Nigeria economy and the state in which GEJ left it.

The problem is that many of you GEJ fans have failed to recognize his failures. He was kicked out for a reason.
Yeah, the reason he was kicked out was based on tribalism fueled by propaganda. The North and South West may have larger population, but they do not represent the whole of Nigeria. SS and SE voted overwhelmingly for him.
PoliticsRe: The Scorecard Of our economy for the past 15 years according To IMF by Pidggin(op): 1:14am On Feb 12, 2016
tbaba1234:
It is not overriding the information.

It is telling you that economic growth rate was despite the government rather than because of it, during the Jonathan administration. What are the development trends as a result of your flaunted growth rate? Where is the Infrastructure? Where are your reserves?

GEJ sat on the highest average oil prices in the history of Nigeria and there is no benefit.

It is not overriding the information, it is explaining it to you.
A Newspaper that insults a former president of any country has lost whatever authority it has to explain to any sensible individual because they already appear pety and biased.

Here are a few projects executed by GEJ's administration that positively contributed to the growth of our economy:


- Opening up of Nigeria to the global business community and becoming Africa’s number one destination of foreign investors. In the first six months of 2014, a total of US$9.70 billion or N1.51 trillion flowed into the national economy as foreign direct investments (FDI).

- Under the Goodluck Jonathan administration, Nigeria rebased it’s GDP for the first time in over a decade to become the largest economy in Africa, overtaking South Africa and Egypt in the process.

- Proceeds from Nigeria’s non-oil exports rose to 2.97 billion by the end of 2013, up from 2.3 billion in 2010.

- Initiation of the YOUWIN program in 2011. The Youth Enterprise with Innovation in Nigeria (YOUWIN) program generated over 100,000 jobs for innovative unemployed youths across the country in the course of three years.

- Integrated into the international e-commerce community with the approval and reinclusion of Nigeria as one of the Paypal-compliant countries after being banned from using the service at the peak of the advanced fee fraud (419 scams). With Paypal, Nigerians can now pay for goods and services online from anywhere in the world.

- The revival of the dead automotive industry in Nigeria. Global auto giants like Peugeot, Nissan and Hyundai now either assemble or wholly manufacture small cars, Sport Utility Vehicles, trucks and buses at various locations in Nigeria. In addition to that, Innoson Vehicle Manufacturing Company (IVM), Nigeria’s flagship indigenous automaker, begun the sale of their first made-in-Nigeria cars and SUVs in August 2014.

- Nigeria became the first country in West Africa to host the World Economic Forum (WEF) in 2014. It was also the most successful World Economic Forum for Africa (WEFA) in history, boasting of a global reach of 2.1 billion people according to estimates.

- Africa’s richest man Aliko Dangote’s net worth increased from US$2.1 billion at the start of Goodluck Ebele Jonathan’s administration to US$23 billion in 2014, making him Forbes’ richest black person in the world and the overall 26th richest in the world. He attributed this mammoth increase in his monetary worth to Goodluck Jonathan administration favourable economic policies.

- Construction and beautification of many federal roads in the country, including the Lagos-Benin expressway, Abuja-Lokoja expressway, Enugu-Abakiliki expressway, Onitsha-Owerri highway and most parts of the Enugu-Port Harcourt expressway. Also, construction of the second Niger Bridge between Onitsha and Asaba to relieve the pressure on the old Niger Bridge which was completed in December 1965.

- Revival of the comatose railway system of transportation in the country is happening under the current Goodluck Jonathan administration.

- Remodelling, beautification and standardization of airports across the country. In addition to that, aircraft from Nigeria are now allowed to fly directly to the United States of America instead of going through many stopovers in Amsterdam and some other European cities along/in the route. The Akanu Ibiam Airport in Enugu was upgradede into an international airport, directly connecting the South-East region of the country to the outside world for the first time since independence.

- Establishment of nine federal universities across the country in states which previously had no federal degree awarding institution.

- Computerizing education in the country with the introduction of the computer-based test (CBT) which is mandatory for all UTME candidates from 2015.

- Introduction of the Almajiri system of education in the academically disadvantaged Northern parts of the country.


- Transformation of the agricultural sector, so that, in the words of Agriculture minister Akinwumi Adesina, “Nigerians will stop thinking of agriculture just as a means of livelihood, but more as a business.”

- Nigeria's food imports reduced by over 40% as of 2013, moving the country closer to self sufficiency in agriculture.

- Nigeria is the world’s largest producer of cassava with an output of over 45 million metric tonnes in 2014 according to the Food and Agricultural Organization of the United Nations (FAO).

- Due to favourable economic policies, Internet penetration in Nigeria has now increased from about 45 million in 2011 to 63 million in 2014, overtaking countries such as the United Kingdom and France in the process. What this means is that more people now use the internet in Nigeria than in the UK and France.

- As of the second quarter of 2014, the number of registered active telephone lines in Nigeria stood at 130 million out of a total of over 170 million telephone lines.

- Introduction of the Nigerian electronic identity card (e-ID card), one of the most secure in the world d the largest in Africa. The e-ID card serves as both an international identification module and an electronic payment solution.

- Introduction of the cashless system which aims to encourage the use of e-payment systems in the country and reduce the volume of physical cash in circulation.


Anyone who believes that economic growth can occur regardless of government favorable policies or developmental actions is rather unintelligent in my opinion.
PoliticsRe: The Scorecard Of our economy for the past 15 years according To IMF by Pidggin(op): 12:47am On Feb 12, 2016
tbaba1234:
cc: Piddgin

This is what the Economist said about the Growth of Nigeria's economy under Jonathan:

" The single bright spot of his rule has been Nigeria’s economy, one of the world’s fastest-growing. Yet that is largely despite the government rather than because of it, and falling oil prices will temper the boom. The prosperity has not been broadly shared: under Mr Jonathan poverty has increased. Nigerians typically die eight years younger than their poorer neighbours in nearby Ghana."

http://www.economist.com/news/leaders/21642168-former-dictator-better-choice-failed-president-least-awful

This ends the argument really...

This is the crust of the argument. On every other economic index, he fails...
Let me educate you on why the Economist Newspaper cannot override the information gotten from IMF:


The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Created in 1945, the IMF is governed by and accountable to the 188 countries that make up its near-global membership.

The work of the IMF is of three main types. Surveillance involves the monitoring of economic and financial developments, and the provision of policy advice, aimed especially at crisis-prevention. The IMF also lends to countries with balance of payments difficulties, to provide temporary financing and to support policies aimed at correcting the underlying problems; loans to low-income countries are also aimed especially at poverty reduction. Third, the IMF provides countries with technical assistance and training in its areas of expertise. Supporting all three of these activities is IMF work in economic research and statistics.

Why the IMF was created and how it works
The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s.

The IMF's responsibilities: The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

http://www.imf.org/external/about.htm

The Economist Newspaper Limited, trading as The Economist Group, is a British multinational media company headquartered in London and best known as publisher of The Economist. The Economist Group specialises in international business and world affairs information. Its principal activities are magazines, newspapers, conferences and market intelligence.

The Economist Group is owned by the Cadbury, Rothschild, Schroder, Agnelli and other family interests as well as a number of staff and former staff shareholders.

Pearson PLC held a 50% shareholding via The Financial Times Limited until August 2015. At this time Pearson sold their share in the Economist. The Agnelli family's Exor paid £287m to raise their stake from 4.7% to 43.4%, while the Economist paid £182m for the balance of 5.04m shares which will be distributed to current shareholders

https://en.wikipedia.org/wiki/Economist_Group

Which of the two should you rely on for your economic analysis?
PoliticsRe: The Scorecard Of our economy for the past 15 years according To IMF by Pidggin(op):
tbaba1234:
The debt profile was increased without an equivalent economic growth. That is an unacceptable excuse. They could have reviewed the local sources of revenue to compensate for the deficit. They had the time.

GEJ presided over the highest average oil prices but we ended up with an empty treasury.
Did you read the report? Civil servants salaries were increased by Yar Aduah not GEJ, not implementing it will render him anti-people and would certainly have led to labor strikes which would cost the country more. If you are sincere to yourself you will agree that govt. would still have to arrive at a compromise after such labor actions. If he was given more time, his economic team, would have solved the issue as they did previous other issues in the past. Despite this, our economy grew steadily. I ask the question again, how does one claim that an economy is destroyed when there is clear evidence of macro economic growth?


Hope you are aware of this(2012): Nigeria's co-ordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has warned over the depletion of Nigeria's Excess Crude Account, which currently holds only $ 3.6 billion. Speaking at a forum with civil society organisations in Abuja, Dr. Okonjo-Iweala, blamed demands by governorsâ for equitable distribution of the Nigeria's resources as the main reason for the depletion of the Excess Crude Account and that the current value of the account, $3.6bn, cannot sustain the country if there is an economic crisis. She said, The Excess Crude Account and its successor, the Sovereign Wealth Fund (SWF), are very important, but we have the state governors saying no, we will only allow $1bn. In fact, we managed to get that, and now, they said it is illegal; and so, the country is not able to save in the Excess Crude Account and we have left today in that account only about $3.6bn. Every month, because they say it is illegal, we have been dipping hands into it. Instead of moving that money into the sovereign wealth account, it is being shared until it is almost at the bottom. What that means is that should the price of oil drop today, we have no cushion because $3.6bn for this economy is not enough to take us to any length of time, and that was what I told them at the governors Forum during the National Economic Council meeting the last time.I told them that their argument about the legality or illegality is a moot point because we have spent almost all the money. She also stated that fiscal federalism creates problems for the management of Nigeria's economy, saying Nigeria, because of fiscal federalism, cannot save. The constitution says the President should manage the economy for the benefit of everybody. The decision to save is also part of the management of the economy for the benefit of the people of Nigeria. Every state can save but the Federal Government can save for all Nigerians. The governors can insist on accountability in the management of the SWF as a guarantee against their apprehension." It is difficult getting governors to agree to $1bn savings for the SWF. We had the state governors saying they can only allow $1bn, now they say it is illegal and the country is not able to save.

http://ngex.com/news/public/newsinfo.php?nid=9252
PoliticsRe: The Scorecard Of our economy for the past 15 years according To IMF by Pidggin(op): 10:35pm On Feb 11, 2016
tbaba1234:
When i talk about economic performance, the only criteria is not economic growth. How was our debt management? How much were our reserves? In both areas, compare with OBJ, who inherited a worse economy but left with no debt and healthy reserves.

GEJ inherited a good economy, accumulated debt and emptied reserves.

Economic growth is a shallow measure.
NOI explained that the leap in the debt profile between 2012 and 2015 was triggered off by the 53 per cent wage increase implemented by the late Umaru Yar’Adua administration in a fell swoop.

This, she said, skyrocketed government’s borrowing from N524 billion to over N1 trillion in order to meet the salary increase, adding that the country’s domestic debt increased by $18.1 billion mainly because of the 53 per cent increase in the pay of civil and public servants.

The minister stated that at the time of the salary increase, she was still with the World Bank, adding that she had written and warned on the consequences of acquiescing to such a huge increase.

Absolving the Jonathan administration of blame, the minister said the government had in deed taken a careful and meticulous approach to managing the nation’s debt, noting that the present administration, for the first time in the nation’s history, retired a domestic debt of N75 billion in 2013


http://www.persecondnews.com/index.php/psn-news/item/3643-total-nigeria-s-debt-soars-to-63bn-okonjo-iweala-jonathan-incurred-21b-of-national-debts

Back to topic, if we experienced economic growth for the past 15 years, how was the economy destroyed?
FamilyRe: Am In A Fix by Pidggin(f): 10:23pm On Feb 11, 2016
Aprilinjune:
I got married 2012, few days into our wedding we had a lil arguements that resulted into slaps,which he later apologised for and i fogave him.Two months after our wedding i got pregnant which i miscarried, been having problems to concieve since then.
On the month of may 2014 i concieved again, and when i was about six months plus i asked my husband to accompany me to biy baby stuff,which he refused on the basis of it been stressful. Meanwhile i also work too and will only have saturday to do any shopping.
I called my mum and she agreed to go with me and everything was fine after getting everything from the market and on our way to d car park we were told they kill someone and people were running so we started running too,thank God .
When i got home and asked my hubby to help me with the load he refuse, later told me he didnt hear. I managed and we brought out the load. And later dat evening i asked my husband y he was cold to me and he said i came back late which is 7 pm on a rainning day to ajah.

We were still talking when my husband goy angry when i told him he respect my mum been around, he walked away and was watching tv, and i stood and blocked his view so that he can concentrate, he told me to move away which i refuse and he ended up tearing my cloth leaving me naked in front of his bro, i hit his shoulders immediately cos i was shocked and i received 4 slaps, three days later i lost my almost 7 months baby to bp. Again i didnt disclose this to anyone.
My husband looks like an angel and sometimes i cant even phantom how he changes like that.
Fast forward to this year am 5 months pregnant and my husbands siblings came for a short visits without even telling me, and my husband fully knows i cant cook cos have been restricted because of a minor surgery but he just cant man up for me. And i had to open up to my mother, i said some stuffs about how my husbands family treats me and my husband screen grab the msg, and has been insulting my mum and calling her a witch to my face. He threatens to call her and tell her never to come to his house. He said he will make me see hell this coming months, i resign from my job because of this pregnancy and no cash flow, he has also restricted me from withdrawing any money.
My parents are financially very very kk and i dont know if i should go to dem as am yet to start antenantal.
Sorry for the long post. Pls i need matured minds on this, its my life pls. Pardon my english
He is maltreating you and he doesn't respect you or your mum because he has no regard for females in general. Sorry for your losses.
PoliticsRe: Buharinomics inflation;Razor Blade For #20??Nairalanders Lets Knw Prices Of Tins by Pidggin(f): 10:13pm On Feb 11, 2016
AmmarOscar:
this is rubbish grammar we are talking of reality. I bought beans last month 350 this month I spent 500 on the same measure. I am worried about rice now, last is 500 now the man said even him he bought on 650/measure. Keep IMF rubbish aside, let's talk reality. They (IMF) and Buhari are in there sophisticated offices with cutting edge faciliries and you're here depending lies on their behalf.
What is this one saying, can't you read?
PoliticsRe: The Scorecard Of our economy for the past 15 years according To IMF by Pidggin(op): 10:08pm On Feb 11, 2016
tbaba1234:
My kind?? I am very balanced when it comes to these issues. Economic growth in Nigeria has been sometimes inspite of government and not because of it. The point is not about macro-economic growth, it is about development. Ikonjo-Iweala did a good job on the macro economic front during the Obasanjo years, but not so much in the GEJ years.

Our challenges are developmental challenges
From 2006 to 2015 Economic growth
Nigeria 8.8 9.6 8.6 9.6 10.6 4.9 4.3 5.4 7.0 7.3 7.6

http://www.gfmag.com/global-data/economic-data/countries-highest-gdp-growth

Stop character assasinating GEJ.

Below is a list of how other OPEC members performed within the same period

Angola 20.7 22.6 13.8 2.4 3.4 3.9 5.2 6.8 3.9 5.9 8.9


Saudi Arabia 5.6 6.0 8.4 1.8 7.4 8.6 5.8 4.0 4.6 4.5 5.7

United Arab Emirates 9.8 3.2 3.2 -5.2 1.6 4.9 4.7 5.2 4.3 4.5 3.6

Algeria 1.7 3.4 2.4 1.6 3.6 2.8 3.3 2.8 3.8 4.0 2.9

Venezuela 9.9 8.8 5.3 -3.2 -1.5 4.2 5.6 1.3 -3.0 -1.0 2.6

Indonesia 5.5 6.3 6.0 4.6 6.2 6.5 6.3 5.8 5.2 5.5 5.8
PoliticsRe: The Scorecard Of our economy for the past 15 years according To IMF by Pidggin(op): 9:38pm On Feb 11, 2016
tbaba1234:
There are no secrets here... Nigeria's macro economic growth rate has always been high. The problem is translating it into the people's lives.
I thought you and your kind previously said PDP destroyed our economy? Why do you want to use propaganda to change what you have been saying?
PoliticsRe: The Scorecard Of our economy for the past 15 years according To IMF by Pidggin(op): 9:30pm On Feb 11, 2016
Redoil:
even obiagelli
Are you surprised?

lalasticlala lalasticlala lalasticlala
PoliticsRe: The Scorecard Of our economy for the past 15 years according To IMF by Pidggin(op): 9:13pm On Feb 11, 2016
Redoil:
Where is ngeneukwenu the chief economic advices to to the zombie and supporter of APC to come and masturb.ate over this thread. Omenka gbawe tbaba1234 and the comical cramjones
Their lies have been exposed, they won't show up
PoliticsRe: The Scorecard Of our economy for the past 15 years according To IMF by Pidggin(op): 8:57pm On Feb 11, 2016
yemmynoni:
I don commot
Na u sabi, na guilty conscience dey worry you

I expect all those who have been saying a certain party destroyed our economy to ignore this thread for exposing their lies.
PoliticsRe: So There Was A Suicide Bomb Blast In IDP Camp,Dikwa,Maiduguri Yesterday(pics) by Pidggin(f): 8:41pm On Feb 11, 2016
RIP to the dead, Aisha rice is working
PoliticsThe Scorecard Of our economy for the past 15 years according To IMF by Pidggin(op):
IMF Executive Board Concludes 2014 Article IV Consultation with Nigeria
Press Release No. 15/91
March 4, 2015
On February 27, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Nigeria.
Nigeria has a large and diverse economy that has achieved a decade of strong growth, averaging 6.8 percent a year, and now accounts for 35 percent of Sub-Saharan Africa’s gross domestic product (GDP). Inflation has remained in single digits for two years, and the banking sector, which has a strong capital base, is expanding credit. The trade surplus has been declining since the second quarter of 2013 on lower oil exports and continued strong growth of imports, and gross international reserves have been falling. Meanwhile, the general government fiscal deficit and public debt have been kept low. However, Nigeria still lags its peers in critical infrastructure and has high rates of poverty and income inequality. While the economy is diverse, with services accounting for over 50 percent of GDP in 2013, and oil only 13 percent, the oil sector remains a critical source for revenue and foreign exchange. With limited fiscal and external buffers ($2 billion in the excess crude account and $34.25 billion in gross international reserves, respectively at the end of 2014), the sharp decline of oil prices in the second half of 2014 underscores the challenging but compelling need to address remaining development challenges.
The authorities have responded to a sharp decline in oil prices. On February 18, 2015, the Central Bank of Nigeria closed the Dutch Auction System (rDAS) window, unifying the rDAS rate with interbank foreign exchange market rate. On February 25, 2015, the Senate approved the third revision to the 2015 budget, tightening the fiscal envelope by lowering the budget benchmark oil price to $52/barrel

Read more from: http://www.imf.org/external/np/sec/pr/2015/pr1591.htm
Foreign AffairsRe: Captain Yari Emmanuel Killed By Boko Haram Terrorists (Photos) by Pidggin(f): 8:26pm On Feb 11, 2016
RIP


It is clear that this war is far from over
PoliticsRe: Buharinomics inflation;Razor Blade For #20??Nairalanders Lets Knw Prices Of Tins by Pidggin(f): 8:01pm On Feb 11, 2016
Iroh88:
I knew your lie would get to you!!

Now, in ALL the links you made available, the last of which isn't working, there's one with exclusive stats on GDP growth rate and it shows that your Hero inherited a GDP growing at 10.6% in 2010, and in under a year, it nosedived to 4.9% in 2011, and further to 4.3% in 2012 after which it started to rise steadily through 2013 (period of oil boom) until it peaked at 7.6% in 2015!!!

Jonathan inherited a GDP growth of over 10% and handed over a GDP growth of 7.9%!!


Now, what do you have to say about that?? You supplied the links and not me. cheesy

And the blatant lie you stated earlier: "Nigeria maintained a 7% growth rate for the past 15 years" IMF, lying on IMF because they aren't on the forum to deny it is just childish and shameful. grin

I'm still open to you showing me where IMF said that. Remember you put the statement in QUOTATION MARKS. Now, you can just specifically point out the link, the paragraph, and the line in which they made the statement.

Just look at that failure, yet you people want Baba to turn thing completely around in 1year! Can one get any more hypocritical??
See una lives.. cheesy
Was busy all day, but here is what you have been asking for:

IMF Executive Board Concludes 2014 Article IV Consultation with Nigeria
Press Release No. 15/91
March 4, 2015
On February 27, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Nigeria.
Nigeria has a large and diverse economy that has achieved a decade of strong growth, averaging 6.8 percent a year, and now accounts for 35 percent of Sub-Saharan Africa’s gross domestic product (GDP). Inflation has remained in single digits for two years, and the banking sector, which has a strong capital base, is expanding credit. The trade surplus has been declining since the second quarter of 2013 on lower oil exports and continued strong growth of imports, and gross international reserves have been falling. Meanwhile, the general government fiscal deficit and public debt have been kept low. However, Nigeria still lags its peers in critical infrastructure and has high rates of poverty and income inequality. While the economy is diverse, with services accounting for over 50 percent of GDP in 2013, and oil only 13 percent, the oil sector remains a critical source for revenue and foreign exchange. With limited fiscal and external buffers ($2 billion in the excess crude account and $34.25 billion in gross international reserves, respectively at the end of 2014), the sharp decline of oil prices in the second half of 2014 underscores the challenging but compelling need to address remaining development challenges.
The authorities have responded to a sharp decline in oil prices. On February 18, 2015, the Central Bank of Nigeria closed the Dutch Auction System (rDAS) window, unifying the rDAS rate with interbank foreign exchange market rate. On February 25, 2015, the Senate approved the third revision to the 2015 budget, tightening the fiscal envelope by lowering the budget benchmark oil price to $52/barrel.

Visit:http://www.imf.org/external/np/sec/pr/2015/pr1591.htm to read more.

You and your kind will not succeed in tarnishing GEJ's image.
PoliticsRe: Breaking : Taraba Poll: Supreme Court Upholds Gov Ishaku’s Election. by Pidggin(f): 2:34pm On Feb 11, 2016
PDP all the way!!!!
PoliticsRe: Supreme Court Upholds Ishaku's Election As Taraba Governor by Pidggin(f): 2:06pm On Feb 11, 2016
PDP! grin grin grin
PoliticsRe: Buharinomics inflation;Razor Blade For #20??Nairalanders Lets Knw Prices Of Tins by Pidggin(f):
Iroh88:
I knew your lie would get to you!!

Now, in ALL the links you made available, the last of which isn't working, there's one with exclusive stats on GDP growth rate and it shows that your Hero inherited a GDP growing at 10.6% in 2010, and in under a year, it nosedived to 4.9% in 2011, and further to 4.3% in 2012 after which it started to rise steadily through 2013 (period of oil boom) until it peaked at 7.6% in 2015!!!

Jonathan inherited a GDP growth of over 10% and handed over a GDP growth of 7.9%!!


Now, what do you have to say about that?? You supplied the links and not me. cheesy

And the blatant lie you stated earlier: "Nigeria maintained a 7% growth rate for the past 15 years" IMF, lying on IMF because they aren't on the forum to deny it is just childish and shameful. grin

I'm still open to you showing me where IMF said that. Remember you put the statement in QUOTATION MARKS. Now, you can just specifically point out the link, the paragraph, and the line in which they made the statement.

Just look at that failure, yet you people want Baba to turn thing completely around in 1year! Can one get any more hypocritical??
See una lives.. cheesy
If it rose steadily from 2013 to 2015, why would you declare GEJ destroyed our economy? If growth was recorded why do you accuse PDP of destroying our economy? Did you read the global economic report? Can you please post the report on the growth of the economy for the past 15 yrs? If you cannot, I will do so as soon as I can use my laptop. I shall also post link from IMF.
PoliticsRe: Appeal Court Nullifies Impeachment Of Nyako by Pidggin(f): 1:24pm On Feb 11, 2016
No one would cry fowl now, Satan reportcard will not investigate the judge, but if the Supreme Court annuls this judgement that is when propaganda investigation and stories will begin.
CelebritiesRe: 8 Nigerian Artists Who Need To Release An Album In 2016 by Pidggin(f): 1:00pm On Feb 11, 2016
Eva is the worst
PoliticsRe: Buharinomics inflation;Razor Blade For #20??Nairalanders Lets Knw Prices Of Tins by Pidggin(f): 12:42pm On Feb 11, 2016
Iroh88:
Can you show me where IMF said "Nigeria maintained a growth rate of 7% for the past 15 years"??

Please I desperately wanna see it. Post the link here. smiley

If you can't, then look yourself in the mirror and tell yourself the gospel truth about who you and people like yourself truly are. cheesy
Check this link, it's from the Global finance report:
htts:www.gfmag.com/global-data/economic-data/countries-highest-gdp-growth

Check Nigeria's ranking and growth for the past 15 years.

We know what you people are up to, unfortunately for your likes the only folks you can deceive are those that do not research and read.

Africa political and economic strategic centre:
www.afripol/afripol/item/694-nigeria-imf-report-on-economy-naira-inflation.html

Nigeria trade hub:

www.nigeriatradehub.gov.ng/News/tabid/98/entryid/129/nigeria-s-economy-to-grow-by-7-in-2014-imf.aspx
PoliticsRe: Buharinomics inflation;Razor Blade For #20??Nairalanders Lets Knw Prices Of Tins by Pidggin(f): 9:28am On Feb 11, 2016
Iroh88:
[s][/s]Oh ye recalcitrant Ekpas, do we produce blades in this country?? I most just about all of you are illiterate, so I'd oblige you with a little bit of basic economics.

When you operate an economy based on a single product and the price of such a product eventually losses its value by over 70%, it is only normal that the value of the currency of such a country operating such an economy to take a beating due to depleting forex. When the value declines, the cost of imported goods and other associated products inevitably rise- even the best economist in the world can't prevent that from happening you illiterate children of Orubebe.

Now, had your biggest party in Africa diversified our economy by just 10% while it held sway for 16 years, perhaps we wouldn't experience none of this- but the economy wasn't diversified, neither was money saved. Rather, despite the windfall from oil, your useless party kept borrowing, recovered looted funds and re-looted them, and stole every penny in sight. cheesy

Today, we are paying the price of 10 years of failure, and 6 years of Ineffective Buffoonery and you guys want everything to be fixed in under a year!!

I think we might have more Robotic Buffoons than we initially thought parading themselves as human beings.

#bashing is also allowed. cheesy[s][/s]
"Nigeria maintained a 7% growth rate for the past 15 years" IMF

Nigeria was among the fastest growing economies in the last fifteen years - IMF
PoliticsRe: Buharinomics inflation;Razor Blade For #20??Nairalanders Lets Knw Prices Of Tins by Pidggin(f): 9:26am On Feb 11, 2016
Kilo of Turkey was formally N750 now N900, the price has CHANGED!

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