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Nairaland Forum / Nairaland / General / Politics / Nigeria's Economy In The Last 15 Years. (26748 Views)
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Re: Nigeria's Economy In The Last 15 Years. by victory36(m): 1:43pm On Apr 22 |
Paraman:your point?🤨 |
Re: Nigeria's Economy In The Last 15 Years. by Splashme: 2:08pm On Apr 22 |
Terrible |
Re: Nigeria's Economy In The Last 15 Years. by DMerciful(m): 2:09pm On Apr 22 |
Fergie001 seun Seems like they've started using bots for likes Paraman: |
Re: Nigeria's Economy In The Last 15 Years. by OfoIgbo: 2:13pm On Apr 22 |
Procashtips: Nwokem, crude price was only at the low 20s in April 2020, and rose rapidly from May 2020 to $43.23 per barrel and kept rising. But you also must factor in that around the time of the Covid19 lockdown, all the petrol stations were shut down and people were encouraged to stay indoors. This meant that Buhari's government must have saved more than 90% of fuel subsidy around this period, and the lockdown carried on for many weeks, and even after that, there was a drastic reduction in traffic for many months. All through GEJ's tenure, he paid huge sums for the petrol subsidy, unlike Buhari that had a break of nearly a year, as the lockdown ensured he didn't have to pay a lot on fuel subsidy as cars were not encouraged to be on the streets. So I can comfortably write that the crude price and fuel subsidy factor were cancelling each other out. Buhari has no reason to leave a healthy economy comatose. Let us also bear in mind that Buhari borrowed way more money that GEJ, so what did he do with his own borrowings. Also don't forget that Buhari's economy was already performing worse than Jonathan's GEJ was in complete power for just 5 years, so I can comfortably say that six years before Buhari came in, the price of crude was comparable to the Buhari era price of crude, yet Buhari was performing woefully compared with Yaradua. You wrote about the fact that standard of living has changed. It is the job of governments to put in policies to improve the standard of living of the people. Buhari also promised that he would improve the people's standard of living if he gets elected. On getting in, he destroyed the people's standard of living, so there is no valid excuse for Buhari to go relying on the disparity between the standard of living during OBJ, Yaradua, GEJ period, after all his government was responsible for making the standard of living of Nigerians worse. It is another failure that his government was responsible for. He can't use it as an excuse, to avoid being properly judged by the people. |
Re: Nigeria's Economy In The Last 15 Years. by Procashtips(m): 2:23pm On Apr 22 |
OfoIgbo: When I get to a stable place where I can comfortably respond, I will. You can see that I made alot of typos because I'm not comfortable here. I pray to remember this discussion so we can continue. Nice conversing so far. |
Re: Nigeria's Economy In The Last 15 Years. by OfoIgbo: 2:30pm On Apr 22 |
Procashtips: I know what you mean. It can be frustrating responding via a phone. |
Re: Nigeria's Economy In The Last 15 Years. by Paraman: 2:30pm On Apr 22 |
DMerciful:Are you in pains because of the likes? |
Re: Nigeria's Economy In The Last 15 Years. by malware: 2:34pm On Apr 22 |
Paraman: You mean as at today, the official amd parallel market rates are the same? |
Re: Nigeria's Economy In The Last 15 Years. by Paraman: 2:41pm On Apr 22 |
malware:Can you kindly point where in my comment I made this claim? |
Re: Nigeria's Economy In The Last 15 Years. by malware: 2:54pm On Apr 22 |
Paraman: The expression you used, "closing the gap" between two things may mean reducing the gap or totally eliminating it. Regardless of which of the two you were referring to, the FX policy of the present administration was just like moving one step forward and then one step backward, but failing to get back to the starting point. Before the policy came, a dollar was exchanging for about N700, then boom the Naira was floated, and that sent the exchange rate to the ceiling and there was no stopping it. After realising that won't work, they now reintroduced the control (not allowing the Naira to determine its value), but we have yet to return to where we were before. 1 Like 1 Share |
Re: Nigeria's Economy In The Last 15 Years. by Paraman: 2:57pm On Apr 22 |
malware:So is the gap not close? Under Buhari, the black market rate was #750 while the official market was #450. A huge difference of #300 |
Re: Nigeria's Economy In The Last 15 Years. by malware: 3:08pm On Apr 22 |
Paraman: But we were still affording to buy bags of rice, cars and other exotic things, now even the basics are not affordable, how is that a progress? 1 Like |
Re: Nigeria's Economy In The Last 15 Years. by Exceed15: 3:22pm On Apr 22 |
Let the mumu Apc supporters come and defend this. |
Re: Nigeria's Economy In The Last 15 Years. by Kay25(m): 3:36pm On Apr 22 |
Under gej we had excess crude accounts cos of the benchmark of 100 dollars sales of crude oil meaning we had more money under gej but gej and governors squandered it when it came to buhari oil fell we had lesser money coming in that was the beginning of our travail |
Re: Nigeria's Economy In The Last 15 Years. by greenermodels: 3:39pm On Apr 22 |
OriOko88:if Jonathan didn't relinquish power, the country would have slipped into a civil war secretly backed by the American and British governments against Gej's government,he wrote about it in his book. That's why he said that his ambition wasn't worth the life of a single Nigerian. |
Re: Nigeria's Economy In The Last 15 Years. by TheAdvocate(m): 4:22pm On Apr 22 |
Paraman: No sir. IMF have it's own way of collating it's data worldwide. It doesn't use government agencies because the figures can be manipulated by government to favour the outcome. 1 Like |
Re: Nigeria's Economy In The Last 15 Years. by Paraman: 4:24pm On Apr 22 |
TheAdvocate:Show me IMF data for Nigeria between 1999 and 2010 |
Re: Nigeria's Economy In The Last 15 Years. by EdiskyHarry: 4:36pm On Apr 22 |
Buhari was the worst president in Africa, but was 100 million times better than tinubu 1 Like 1 Share |
Re: Nigeria's Economy In The Last 15 Years. by Splashme: 4:40pm On Apr 22 |
Terrible. |
Re: Nigeria's Economy In The Last 15 Years. by TheAdvocate(m): 6:59pm On Apr 22 |
Paraman: Your Google crashed? |
Re: Nigeria's Economy In The Last 15 Years. by Paraman: 7:02pm On Apr 22 |
TheAdvocate:You shouldn't have quote me then. |
Re: Nigeria's Economy In The Last 15 Years. by keymatt(m): 8:57pm On Apr 22 |
Paraman:Those behind this likes are urchinns. |
Re: Nigeria's Economy In The Last 15 Years. by Paraman: 8:59pm On Apr 22 |
keymatt:I can see you're heartbroken because of ordinary likes |
Re: Nigeria's Economy In The Last 15 Years. by blueAgent(m): 10:07pm On Apr 22 |
1 Like |
Re: Nigeria's Economy In The Last 15 Years. by blueAgent(m): 10:18pm On Apr 22 |
Anonimoux: US na your mate. You no compare California the largest state economy in US with over 3trillion dollar to Nigeria na US you see. |
Re: Nigeria's Economy In The Last 15 Years. by blueAgent(m): 10:27pm On Apr 22 |
Hammylawali: Jargon. And his repairing the faulty foundation by buying yacht, Building fathom useless coastal roads and looting? I keep saying it, Nigeria would remain a 3rd world country as long as, we are majority populated by ppl like U. It's sad. |
Re: Nigeria's Economy In The Last 15 Years. by RichDaniels: 1:30am On Apr 23 |
Paraman:Stop talking trash, the Naira has always been devaluation started under the APC, that's the exact point we are making. They killed the economy. How can you devalue a currency for a country that doesn't produce anything. Even Ghana and South Africa can't be that stupid |
Re: Nigeria's Economy In The Last 15 Years. by Paraman: 6:37am On Apr 23 |
RichDaniels:wetin this one dey talk |
Re: Nigeria's Economy In The Last 15 Years. by Hammylawali: 7:45am On Apr 23 |
blueAgent: You obviously don’t have any meaningful thing to stay. You are just following the learners who feed on your stupidity. What yatch did he buy?. Coastal road is useless you say?… Well it’s people like you who don’t know the importance of infrastructure that will call an important road useless. You can continue the discussion with your fellow obidients, you all lack vision but filled with hatred. |
Re: Nigeria's Economy In The Last 15 Years. by Splashme: 8:03am On Apr 23 |
Sad. |
Re: Nigeria's Economy In The Last 15 Years. by blueAgent(m): 1:57pm On Apr 23 |
Hammylawali: More jargon. It's a pity, this country has no future with youths and ppl like u. |
Re: Nigeria's Economy In The Last 15 Years. by blueAgent(m): 2:00pm On Apr 23 |
Hammylawali: Audio infrastructure. What's the sense in building a coastal road when you have hundreds of road that are in poor condition? |
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