Nigeria To Lose Decade Economic Gain Under Buhari – World Bank - Politics - Nairaland
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| Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Viktom(m): 12:00am On Jun 25, 2021 |
World Bank report says that Nigeria under President Muhammadu Buhari will lose the economic gains it made in the last decade at the end of 2021. “By the end of 2021, Nigeria’s GDP is likely to approach its 2010 level, thus reversing a full decade of economic growth,” the bank in its new report said. The World Bank’s projection comes as Nigeria strives to recover from the multiple recession that hit the country in 2016 and 2020. The bank in the report said that there will be a constant decline in the country’s GDP per capita despite recovery from recession, projecting the country’s population to grow faster than its economy. The bank further forecasted that despite the country’s gradual recovery from the 2020 recession, Nigerians masses will continue to suffer the adverse effect of the economic downturn. Applauding Mr Buhari for taking bold steps to reform the country’s deteriorating economic condition, the bank advised the government to deepen its recent reforms that allow private sector investment for speedy economic recovery. Nigeria in 2020 experienced its deepest recession in four decades. The recession was believed to have been triggered by the economic shutdown occasioned by the outbreak of COVID-19 that same year. Controversial fiscal and monetary policies of the Buhari administration and the Central Bank were also largely blamed for the recession. Similarly in 2016, the country under the Mr Buhari regime plunged into recession, the first time since 1987. However, the country’s economic growth resumed in the fourth quarter as pandemic restrictions were eased; oil prices rebounded, and the authorities implemented policies to counter the economic shock. The World Bank reports imply that President Buhari since assuming office in 2015, has failed to positively impact the country’s economy which had suffered two record-breaking recessions under his watch. Culled from People’s Gazette 4 Likes |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Babaken(m): 12:02am On Jun 25, 2021 |
Sai baba 1 Like |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Nobody: 12:04am On Jun 25, 2021 |
 Like 1980's, like 2020's I see no changes 9 Likes 1 Share |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Augla1: 12:05am On Jun 25, 2021 |
This guys are wrong this time . We here know it is a century economic gain we are losing under Bubu. 12 Likes |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Biafranboys: 12:10am On Jun 25, 2021 |
Officialgarri come and see buhari your daddy 1 Like |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Investigative: 12:13am On Jun 25, 2021 |
So U mean Big circle won’t be eating fresh grasses again Except sand 6 Likes 1 Share
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| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Vickym1(f): 12:13am On Jun 25, 2021 |
Anything that hears buhari's name dies 2 Likes |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by ril19(m): 12:14am On Jun 25, 2021 |
Augla1: Well said sir....what else do you expect from a country being led by men in their 70's 80's? 2 Likes 1 Share |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by sirmose: 12:14am On Jun 25, 2021 |
If I ever had any doubt before, now it's all gone. Any hope of maintaining this decline at the current rate is now gone completely. Expect it to start declining at nosediving rate. Only that we don't know how soonest it will crash-land. God will surely save His. 1 Like |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Kingspin(m): 12:16am On Jun 25, 2021 |
Buhari came to destroy Nigeria 7 Likes 1 Share |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by FarahAideed: 12:27am On Jun 25, 2021 |
I am clearly a prophet , I warned y'all about this evil spirit called Buhari for years ..I told you he will set Nigeria 30 years back 7 Likes 1 Share |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by FarahAideed: 12:28am On Jun 25, 2021 |
ril19: It's not even about 70 years or 80 year old ..Even as a youth Buhari was particularly useless in everything he did 8 Likes |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Biafranboys: 12:38am On Jun 25, 2021 |
sirmose: Lol I told you all read https://www.nairaland.com/6619293/buhari-aka-el-buhari-king-suffering 1 Like |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Biafranboys: 12:38am On Jun 25, 2021 |
FarahAideed: Hahaha, buhari should have been banned from ever holding political office 3 Likes |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by History555: 12:45am On Jun 25, 2021 |
Buhari came to steal, loot and destroy 2 Likes |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Agbegbaorogboye: 12:45am On Jun 25, 2021 |
Ewooo  |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by IduNaOba: 12:54am On Jun 25, 2021 |
To lose OR HAS LOST?? no dey whyne me o 2 Likes |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Gondonu: 2:40am On Jun 25, 2021 |
Buhari's destruction of Nigeria started in 1984.So nothing new. 3 Likes |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by SmartPolician: 4:49am On Jun 25, 2021 |
There's no point complaining about Buhari because if the constitution allows for a 3rd tenure, millions will still vote for him. I only pity his successor for the debt he will inherit. 2 Likes |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by helinuesIsaMumu: 5:43am On Jun 25, 2021 |
What Buhari cannot destroy does not exist 2 Likes |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by aremuforlife(m): 5:50am On Jun 25, 2021 |
World bank have always been on wrong analysis about Nigeria, their next post will be, we are shocked, our prediction did not go as expected. |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Sirjamo: 5:54am On Jun 25, 2021 |
Nigeria economy did not start declining under Buhari, it started under Jonathan. I am not saying Jonathan was responsible for the declining economy at the time, everyone with half brain knows what drives our economy since 1975, but people gazette know their readers are lazy, semi - illiterates who cannot do a little research. When Jonathan took over in 2010, the GDP was over 10% , by 2015 when he left, it was less than 3%. The GDP began to tank immediately the oil prices starts declining in 2014, and the Jonathan government didn't face a quarter of the challenges this government has faced. From the Niger Delta avengers, to oil price declining to $25 and now the covid 19 pandemic. When will you block heads realize that the performance of Nigeria's economy is directly proportional to oil prices and output? If you do not have the senses to disprove any of my data or analysis, pls, do not quote me. I do not want to see any brainless slowpoke on my mention. Intelligent people only. I AM DONE TALKING 1 Share
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| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by bagirajoseph(m): 6:09am On Jun 25, 2021 |
FarahAideed: |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Grace001: 6:15am On Jun 25, 2021 |
Nigeria is synonymous to retrogression I have said it Buhari only became the president of Nigeria for 2 main reasons and he has succeeded in them. Nigerians deserve the kind of leaders they get. Majority of Nigerians are used to suffering and smiling, come 2032 they will still vote for another oppressor that will inflict more suffering on them. 1 Like |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by EKONGKING: 6:19am On Jun 25, 2021 |
When you have quota batch running the country ,what more can you expect . Nigeria is a shith@le and failed nation. If only ordinary nigerians travel outside ,even to ghana ,they will understand what a shith@le this country is . |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Blue3k(m): 6:40am On Jun 25, 2021 |
Sirjamo: What happened to the Economic Recovery and Growth Plan (ERGP) the government touted to diversify away from oil dependence? Blaming oil prices on bad economic policies is just a lame excuse  . Seriously the plan forecasted 4.5% gdp growth and failed miserably. Covid is the only somewhat reasonable excuse but the economy was stagnant before that. It's unreasonable to absolve this government of the stagnant growth and high inflation being witnessed when they impose all sorts of bans, strong naira policy, multiple exchange rates and which harmed other sectors of the economy. Lastly the failed to make any meaniful reforms which with the saw raising unemployment, inflation and stagnant growth at the same time chief.3 Likes
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| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Ovs4real: 6:45am On Jun 25, 2021 |
Vulcanheph: They will ignore you bro... Especially that waste of semen who sells eja kika and calling it grilling 1 Like |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Mojek10: 6:48am On Jun 25, 2021 |
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| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by jlinkd78(m): 6:56am On Jun 25, 2021 |
Is this Buhari presidency synonymous with calamitous news 1 Like |
| Re: Nigeria To Lose Decade Economic Gain Under Buhari – World Bank by Sirjamo: 7:19am On Jun 25, 2021 |
Blue3k:ERGP that is still heavily reliant on oil revenue? Until this government or next succeed in diversifying the economy, we will continue to be at the mercy of that single commodity. |
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