₦airaland Forum

Blazetrailer:
Lol....go back to school bro or better still ask your little cousin in JS1 doing elementary economics to enlighten you before you come online to disgrace your family.

You dont have the faintest idea of how GDPs are calculated.

Your fundamental problem is you lack English comprehension. There is where your problems in life starts and ends. It’s why you can’t get a good job with your degree, it’s why you fail interviews. I have said it many times here on Nairaland many Nigerians speak English but do not understand English. You coming here thinking you are smart by telling us GDP is production, before nko? That’s not the subject of discussion.
And if you want to get technical GDP is production, sevicies, consumption, govt spending net exports etc etc all calculated and added. So even the actual GDP you really don’t know how it is calculated.

our GDP is calculated in Naira. It is not calculated in dollars. We are the ones who calculate our GDP and who tell the world what our GDP is and we do it in Naira! No country tells another country what it’s GDP is. For the sake of Camparing countries, a base currency is used, in this case the dollar but it is acknowledged that it is not a very accurate way of comparing countries that is why you have other measures such as Real GDP adjusted for inflation, nominal GDP, GDP-PPP etc because what 1 dollar may buy in one country may vastly differ from what 1 dollar can buy in another. What you pay a graduate in one country is certainly not what we pay poorly educated graduates like you in Nigeria. These figures are just a guide. The world bank came out only 2 days ago to say in dollar terms our economy is still the largest in Africa and close to $600b. They are the experts!

I am simply telling you and your poorly educated crew that to convert our GDP to dollars you use the prevailing dollar exchange rate and so the nominal value of our GDP in dollars is dependent on the exchange rate to the dollar. Nigeria has only had 2 years of negative GDP since 1999! It is only when you convert the Figure to dollars that there is a fall, that is why I tell you village eediots that the exchange rate is why when you look at our economy in dollars, it appears worse than it is.

£10,000 a year will get you a luxury 4 bed house in the best area in Nigeria, it won’t get you a studio apartment in the worst part of London, . In case you don’t know, a studio apartment is an apartment where your bedroom is your living room. You will live like a King in Nigeria on £30,000 a year but ask those who have japad, they are living hand to mouth, paycheck to paycheckin debt on credit cards on a salary of £30k a year. That is why while dollar based GDP figures tell a story, they don’t tell the whole story. It is just a guide and a way to compare countries since there is no better way. There are not an accurate guide.

The true reflection of a country’s economy is the GDP figures in its local currency! You will never see the French, British or Germans talk about their GDP in dollars, no serious country does. The purpose of GDP in dollars is for outsiders looking in and for a comparison since there isn’t a better way to compare.


I know you are trying frantically to grab my attention, don’t expect any further responses. I post for the sake of others who read but are quiet. I avoid village eediots!

OredoPikin2:
U are running mad on this thread calling rebased rebased
Did Buhari not rebase in 2019?
U are foolish abeg

Typical narration of the cownu terrorist followers.

Olodo. Don't run away.

Bring evidence that Buhari rebased in 2019
You think you are talking to your fellow headless mob.

Alliswell248:
Typical narration of the cownu terrorist followers.

Olodo. Don't run away.

Bring evidence that Buhari rebased in 2019
You think you are talking to your fellow headless mob.

Mumu
As u nor sabi use google abi..
Hide ur head in shame

OredoPikin2:
Mumu
As u nor sabi use google abi..
Hide ur head in shame

The rebasing has not occurred yet. I believe it is set to be announced later this month or next month. Don’t always believe everything AI tells you about Nigeria. Sources of info are limited and often they get their information from inaccurate newspapers reports and we know how immaculate our journalists are. AI smart as it is is GIGO, garbage in Garbage out. If it doesn’t have good sources to reference it cannot give good info. Nigeria is notorious for inaccurate info you have to know where to go to look for accurate data.

The last rebasing happened under Jonathan. That was when we moved from I think $150 to $500b

OredoPikin2:
Mumu
As u nor sabi use google abi..
Hide ur head in shame

Photoshop....

Olodo

No rebasing was done in 2019.

Lol......thank goodness. I did not expect casualobserver(thought he would be wise to avoidbbeing exposed) to swallow the bait but he did. Now let me educate you a little, paragraph by paragraph and I will strive to avoid highlighting your level of semi-literacy so that the message can sink home better without noise.

Paragraph 1: Ignored(rantings devoid of reasoning)

Paragraph 2: (This is where the actual buffoonery started up) GDP figures are not determined and provided solely by countries. They are obtained from national sources but aggregated, converted, deflated, PPP(ed) and normalised by a body called International Comparison Program(ICP) to eliminate inaccuracies and bias using a method called "Balassa-Samuelson Model" before being accepted by international bodies. So it is not enough to gather national statistics, convert it to forex, deflate it, PPPed and start shouting to the world that this is your GDP and start boasting that you are the one that gave them the figure. ICP will review, and adjust it before any international audience will even look at it. Most times, the information you see on the websites of bodies like IMF/WTO/WordBank/AU/EU/CIA, etc., would have gone through the ICP normalisation before they can even touch it. The normalisation process by ICP is what this boy completely missed out. Giving out GDPs is not as simple as gathering local figures and releasing it as your numbers and everyone will accept it. It is a much complex exercise and that is why it is not usually calculated very year. What they do is to have a baseline year and make adjustments on a yearly basis based on incrementals (depending on which approach is being used for calculation: Income/Expenditure/Consumption approaches). Most other after the baseline year are projections/forecasts.

Paragraph 2: ...continuation..."The world bank came out only 2 days ago to say in dollar terms our economy is still the largest in Africa and close to $600b. They are the experts! ". I laughed so hilariously at this point and it really re-emphasised my initial belief that this dude does not have the closest idea of how GDPs are calculated. Using someone's assumption of what a GDP is when even the Worldbank as a body has a much lower figure on their official website is called the fallacy of "cum hoc hergo propter hoc"..... assuming something is true because it was said by another person. Only simpletons will believe that sensational headline when the official World Bank website has it as $363.85bn as at January 2025 and forecast it to grow by 3.5% in 2025, so how will someone mention $600bn at a news conference and you decided to go to town with such?? Simpleton...is that you?

Paragraph 2.......there is nothing like GDP-PPP. That is just a process for normalizing the GDP with the purchasing power parity after deflating it(by ICP). I knew you didn't have the fundamentals on this, you probably went somewhere to copy and regurgitate here.

Paragraph 3......gibberish. Not worth wasting my time.

Paragraph 4.......even more gibberish, that is far below my level to read at all


Your attention? I don't think you have the faintest idea of your reputation here. You are classed in the same band as helinues,yarimo,etc,(irritants) that are only useful for their intrinsic entertainment value and acceptance of the reality of how degenerated Nigerian education system has become , nothing more. When I have a few minutes to spare here, I come to Nairaland to read comments from buffoons like you for laughter sake....nothing more abeg!

I also hope no one is reading your posts and assuming you know what you are writing as you claimed to want to educate others....anybody that uses your knowledge for their economics subject will fail woefully. On any serious forum that is aimed at educating people, you would have been downvoted and banned for staining important bpdy of knowledge with your idiocy. Like I said to you earlier, go back to your little cousin in JS2 doing elementary economics to enlighten you better. He or she might save you from further embarrasment

casualobserver:
Your fundamental problem is you lack English comprehension. There is where your problems in life starts and ends. It’s why you can’t get a good job with your degree, it’s why you fail interviews. I have said it many times here on Nairaland many Nigerians speak English but do not understand English. You coming here thinking you are smart by telling us GDP is production, before nko? That’s not the subject of discussion.
And if you want to get technical GDP is production, sevicies, consumption, govt spending net exports etc etc all calculated and added. So even the actual GDP you really don’t know how it is calculated.

our GDP is calculated in Naira. It is not calculated in dollars. We are the ones who calculate our GDP and who tell the world what our GDP is and we do it in Naira! No country tells another country what it’s GDP is. For the sake of Camparing countries, a base currency is used, in this case the dollar but it is acknowledged that it is not a very accurate way of comparing countries that is why you have other measures such as Real GDP adjusted for inflation, nominal GDP, GDP-PPP etc because what 1 dollar may buy in one country may vastly differ from what 1 dollar can buy in another. What you pay a graduate in one country is certainly not what we pay poorly educated graduates like you in Nigeria. These figures are just a guide. The world bank came out only 2 days ago to say in dollar terms our economy is still the largest in Africa and close to $600b. They are the experts!

I am simply telling you and your poorly educated crew that to convert our GDP to dollars you use the prevailing dollar exchange rate. Nigeria has only had 2 years of negative GDP since 1999! It is only when you convert the GDP to dollars that there is a fall, that is why I tell you village eediots that the exchange rate is why when you look at our economy in dollars, it appears worse than it is.

£10,000 a year will get you a luxury 4 bed house in the best area in Nigeria, it won’t get you a studio apartment in the worst part of London, . You will live like a King in Nigeria on £30,000 a year but ask those who have japad, they are living hand to mouth, paycheck to paycheckin debt on credit cards on a salary of £30k a year. That is why while dollar based GDP figures tell a story, they don’t tell the whole story. It is just a guide and a way to compare countries since there is no better way. There are not an accurate guide.

The true reflection of a country’s economy is the GDP figures in its local currency! You will never see the French, British or Germans talk about their GDP in dollars.


I know you are trying frantically to grab my attention, don’t expect any further responses. I post for the sake of others who read but are quiet. I avoid village eediots!

casualobserver:
Your fundamental problem is you lack English comprehension. There is where your problems in life starts and ends. It’s why you can’t get a good job with your degree, it’s why you fail interviews. I have said it many times here on Nairaland many Nigerians speak English but do not understand English. You coming here thinking you are smart by telling us GDP is production, before nko? That’s not the subject of discussion.
And if you want to get technical GDP is production, sevicies, consumption, govt spending net exports etc etc all calculated and added. So even the actual GDP you really don’t know how it is calculated.

our GDP is calculated in Naira. It is not calculated in dollars. We are the ones who calculate our GDP and who tell the world what our GDP is and we do it in Naira! No country tells another country what it’s GDP is. For the sake of Camparing countries, a base currency is used, in this case the dollar but it is acknowledged that it is not a very accurate way of comparing countries that is why you have other measures such as Real GDP adjusted for inflation, nominal GDP, GDP-PPP etc because what 1 dollar may buy in one country may vastly differ from what 1 dollar can buy in another. What you pay a graduate in one country is certainly not what we pay poorly educated graduates like you in Nigeria. These figures are just a guide. The world bank came out only 2 days ago to say in dollar terms our economy is still the largest in Africa and close to $600b. They are the experts!

I am simply telling you and your poorly educated crew that to convert our GDP to dollars you use the prevailing dollar exchange rate and so the nominal value of our GDP in dollars is dependent on the exchange rate to the dollar. Nigeria has only had 2 years of negative GDP since 1999! It is only when you convert the Figure to dollars that there is a fall, that is why I tell you village eediots that the exchange rate is why when you look at our economy in dollars, it appears worse than it is.

£10,000 a year will get you a luxury 4 bed house in the best area in Nigeria, it won’t get you a studio apartment in the worst part of London, . In case you don’t know, a studio apartment is an apartment where your bedroom is your living room. You will live like a King in Nigeria on £30,000 a year but ask those who have japad, they are living hand to mouth, paycheck to paycheckin debt on credit cards on a salary of £30k a year. That is why while dollar based GDP figures tell a story, they don’t tell the whole story. It is just a guide and a way to compare countries since there is no better way. There are not an accurate guide.

The true reflection of a country’s economy is the GDP figures in its local currency! You will never see the French, British or Germans talk about their GDP in dollars, no serious country does. The purpose of GDP in dollars is for outsiders looking in and for a comparison since there isn’t a better way to compare.


I know you are trying frantically to grab my attention, don’t expect any further responses. I post for the sake of others who read but are quiet. I avoid village eediots!

@the bolded
Let me expose your idiocy a bit
Nigeria's GDP in local currency is N73trn
US GDP in local currency is $37trn
UK GDP in local currency is £2.54trn
Germany GDP in local currency is €4.1trn
Canada GDP in local currency is CAD2.51trn

From the above, going by your totally stupid claim, Nigeria’s economy easily swallows that of US, UK, Germany and Canada combined in their local currency.

Thus Nigeria is better off economically than those countries.

You see how you end up saying nonsense when you keep rambling now?

And you started by saying others have fundamental problem with English comprehension.

cc: tctrills blazetrailer

Lol.....Bro, please some pity.....you are doing much to embarras Casualobserver here, abeg! I think he has had enough today to go and question the certifcates he was awarded in school. Also, his family members are on Nairaland too, they may see all these and decide to ostracise him.

I plead on his behalf. Temper justice with mercy. He wont be this daft again.

Ojuntana:
@the bolded
Let me expose your idiocy a bit
Nigeria's GDP in local currency is N73trn
US GDP in local currency is $37trn
UK GDP in local currency is £2.54trn
Germany GDP in local currency is €4.1trn
Canada GDP in local currency is CAD2.51trn

From the above, going by your totally stupid claim, Nigeria’s economy easily swallows that of US, UK, Germany and Canada combined in their local currency.

Thus Nigeria is better off economically than those countries.

You see how you end up saying nonsense when you keep rambling now?

And you started by saying others have fundamental problem with English comprehension.

cc: tctrills blazetrailer

Bobloco:
The worst thing that happened to this nation is the coming on board of the Janjawiid party

Those evil people just nuked nigeria's economy within few months of capturing power.

Blazetrailer:
Lol.....Bro, please some pity.....you are doing much to embarras Casualobserver here, abeg! I think he has had enough today to go and question the certifcates he was awarded in school. Also, his family members are on Nairaland too, they may see all these and decie to ostracise him.

I plead on his behalf. Temper justice with mercy. He wont be this daft again.

We need to expose some of those nitwits before they begin to think they are sensible
Just imagine all the nonsense they write just to defend politicians who don't even care.
Imagine someone trying to discredit GDP figures simply because it does not favour your politicians.
If you can't be honest with yourselves, how do you expect politicians to take you serious?
And these are the mugus who claimed they are fighting for a better Nigeria in 2015
You throw away common sense just because you want to defend politicians

Ojuntana:
@the bolded
Let me expose your idiocy a bit
Nigeria's GDP in local currency is N73trn
US GDP in local currency is $37trn
UK GDP in local currency is £2.54trn
Germany GDP in local currency is €4.1trn
Canada GDP in local currency is CAD2.51trn

From the above, going by your totally stupid claim, Nigeria’s economy easily swallows that of US, UK, Germany and Canada combined in their local currency.

Thus Nigeria is better off economically than those countries.

You see how you end up saying nonsense when you keep rambling now?

Sometimes one comes across something so ludicrous you break your rules. You and I ‘know you have been trying to grab my attention in virtually every thread for the last week and I have ignored and will continue to ignore you.

However when a man posts something so ridiculous I have to respond to say your problem is clearly not just a lack of English comprehension but lack of intellect. How on earth does an educated person can come to the conclusion you arrived at based on what I wrote can only be put down to poor English comprehension and a fundamental low IQ. Why not add Zimbabwe while you are at it?

I really pity this generation of poorly educated Nigerians. We are in trouble!


I am done here you can tell that eeediot co traveler of yours that I genuinely didn’t bother to read his post and i will not read or respond to any of your posts here or anywhere. When your foundations are wrong, you can’t be corrected as an adult. Honestly our biggest problem is not our GDP but the poor quality education in our youth. I have said it many times and I will keep saying it, it is better we educate our people in our native languages, we don’t understand this English!

Jesus wept!

The worst thing to have happened to Nigeria is to have allowed APC near power.

casualobserver:
Sometimes one comes across something so ludicrous you break your rules. You and I ‘know you have been trying to grab my attention in virtually every thread for the last week and I have ignored and will continue to ignore you.

However when a man posts something so ridiculous I have to respond to say your problem is clearly not just a lack of English comprehension but lack of intellect. How on earth does an educated person can come to the conclusion you arrived at based on what I wrote can only be put down to poor English comprehension and a fundamental low IQ. Why not add Zimbabwe while you are at it?

I really pity this generation of poorly educated Nigerians. We are in trouble!


I am done here you can tell that eeediot co traveler of yours that I genuinely didn’t bother to read his post and i will not read or respond to any of your posts here or anywhere. When your foundations are wrong, you can’t be corrected as an adult. Honestly our biggest problem is not our GDP but the poor quality education in our youth. I have said it many times and I will keep saying it, it is better we educate our people in our native languages, we don’t understand this English!

Jesus wept!

Werey is still writing nonsense

Seeing an educated person lose his common sense all for a meal o' corn is a pitiful sight

Very shameful

givedemwotowoto:
Nigeria’s GDP Per Capita by Successive Governments 1999 - 2027



Source: Statisense (IMF Data)
https://x.com/statisense/status/1887838890989334977

High oil prices

givedemwotowoto:
Agbadorians prowling the internet and social media to distract you with news about Igbo and Ikwerre people are hoping you don’t see this one, hoping you don’t see how bad things are going in Nigeria, hoping you won’t be resolute enough to vote this calamity out in 2027

Vote fire.
No be to share rice and dollars?
Don't develop high bp o

Bobloco:
The worst thing that happened to this nation is the coming on board of the Janjawiid party

PDP abi

givedemwotowoto:
This is the true state of the nation. This is why every day you hear about Igbo this Igbo that. It’s all a distraction. They can’t manage the country but they’re determined to use propaganda and tribal bigotry to distract everyone from reality.

Millions of naira have vanished from households annually since 2023 and people are barely getting by.

Is Ibo land well managed?

Sheuns:
Yet, they told us PDP years were bad.

How old are you?

Peakdesign23:
Nigeria tire me.

Do something about it otherwise be quiet

MIKOLOWISKA:
PDP abi

No APC

JASONjnr:
GEJ remain the best Nigerian president so far....

But APC will always tarnished his efforts by telling us how crude sell was the highest during his time but forget to tell us how he also made good use of it without squandering it the way others are doing......

please mention 5 good uses of the oil money so I will know whether you're an slowpoke or not

Tinubu seems to be doing the worse in this case.

casualobserver:
They did not grow anything. They were simply lucky that Oil price (which they had no control over) went from $15 under Obasanjo to $110 under GEJ. And what did they do with it? Which roads schools hospitals, rail, airports, etc did they build?

Let me tell you where the oil money went. This was the era when Nigerians started buying private jets, properties in dubai, ghana, Texas, London, Maryland, Miami etc etc. Uk customs started targeting Nigerians bringing cash in ghana must go bags.

During Buhari’s 8 years, crude traded for as high as $100 a barrel and the lowest it sold for was about $50 a barrel, much lower than $15 during Obj’s time, yet he was able to move the GDP almost 4 times higher than he met it. Buhari took it lower by almost half he met it.

What did Buhari and APC do with all the money they made from crude sales and natural gas sales in 8 years? Do not tell me rails, roads or hospitals, majority of those were built using loans from China.

Alliswell248:
Photoshop....

Olodo

No rebasing was done in 2019.

U see ur life
Just a google search would have saved u from disgrace
U guys are really lucky that this is a faceless forum
Him say na photoshop🤣🤣
Mumu squared

casualobserver:
The rebasing has not occurred yet. I believe it is set to be announced later this month or next month. Don’t always believe everything AI tells you about Nigeria. Sources of info are limited and often they get their information from inaccurate newspapers reports and we know how immaculate our journalists are. AI smart as it is is GIGO, garbage in Garbage out. If it doesn’t have good sources to reference it cannot give good info. Nigeria is notorious for inaccurate info you have to know where to go to look for accurate data.

The last rebasing happened under Jonathan. That was when we moved from I think $150 to $500b

U didn't see NBS there?
U guys are really funny aswear

OredoPikin2:
U didn't see NBS there?
U guys are really funny aswear

Oga what you are posting is wrong. Your source is wrong. You don’t know because as you don’t understand what you are posting. You just saw something and posted without understanding what it means.

The rebasing has not occurred yet. 2019 merely referred to the new base year. When Jonathan rebased in 2014, 2010 was the base year used. The rebasing will occur this month or next.

The 2019 you are latching on to is not the year the rebasing occurred but the new base year for the upcoming rebasing.

So you are wrong when you say it happened under Buhari.

casualobserver:
We import everything. So even the man who has never seen as dollar in his life will increase his prices. A farmer uses petrol to farm or to transport his goods. Petrol is affected by the exchange rate and the price of oil.

Secondly, if a farmer cannot farm due to insecurity, prices of farm products go up.

Thirdly even if I have no dollar based input, if prices for the things I consume go up. I will increase my prices.

Anything else?

Explain why the price of garri went up from 400 Naira a paint to over 3000 Naira

Sheuns:
During Buhari’s 8 years, crude traded for as high as $100 a barrel and the lowest it sold for was about $50 a barrel, much lower than $15 during Obj’s time, yet he was able to move the GDP almost 4 times higher than he met it. Buhari took it lower by almost half he met it.

What did Buhari and APC do with all the money they made from crude sales and natural gas sales in 8 years? Do not tell me rails, roads or hospitals, majority of those were built using loans from China.

Trading at a maximum of $100 for a few weeks is not the same as trading at a minimum of $100 for close to 2 years. Secondly production during Jonathan’s time was 2.3m bpd. Production during Buhari was closer to 1m bpd. Furthermore production costs during Jonathan were lower than under Buhari. Under Buhari production costs went as high as $40 a barrel due to theft, pipeline vandalism etc. There were times a when price of crude barely covered the costs of production.

Buhari did not manage the economy well, I have never argued that he did but neither did his predecessors. All I said is Buhari left more tangible legacies…

Sheuns:
Explain why the price of garri went up from 400 Naira a paint to over 3000 Naira

I am sure as someone who studied o level economics you can explain that yourself. If not I have already given examples in this thread that will answer your question and will not repeat myself for every new person that decides to quote me.

casualobserver:
Trading at a maximum of $100 for a few weeks is not the same as trading at a minimum of $100 for close to 2 years. Secondly production during Jonathan’s time was 2.3m bpd. Production during Buhari was closer to 1m bpd. Furthermore production costs during Jonathan were lower than under Buhari. Under Buhari production costs went as high as $40 a barrel due to theft, pipeline vandalism etc. There were times a when price of crude barely covered the costs of production.

Buhari did not manage the economy well, I have never argued that he did but neither did his predecessors. All I said is Buhari left more tangible legacies…

I did not compare Buhari with Jonathan but with obasanjo. Explain why Buhari failed woefully despite having received a much better economy compared to Obj

Sheuns:
I did not compare Buhari with Jonathan but with obasanjo. Explain why Buhari failed woefully despite having received a much better economy compared to Obj

I have already said this many times, But let me indulge you but this will be my last post in this e
Obasanjo inherited an economy where oil price was $15 a barrel on the day of his inauguration, it steadily rose to end the year 1999 at $25 a barrel. So in his first 6 months in office he was fortunate through no action of his own to see more than a 60% rise in oil revenues.
2: by the time he left office in 2007 oil continued that steady rise throughout hiis administration Such that by the time he left office, oil was $67 a barrel more than 300% increase.

No president since 1999 has been so lucky to preside over a 300% increase in oil revenues consistent throughout his tenure. Therefore there was corresponding growth as a result.

Buhari on the other hand inherited an economy with crude oil at $64 (pic 3) on May 2015 and it went steadily downwards from there. Don’t forget prior to his assumption of office Oil had been $100+ and has been falling. Our economic fortunes were already plummeting under Jonathan. The resulting downturn was what led to Buhari’s victory in the 1st place. To compound matters for Buhari, our production fell from
2.3m to 1m by the time he left office in 2023. As at the time Buhari left office, the price of crude was $75. Not only was the price lower than his predecessor GEJ but the amount available to sell was half.

Any economy is always a comparison with the past. OBJ presided over an economy for 8 years where the price was double triple or quadruple of what Babangida or Abacha ever saw for 15 years. So without doing anything or any sound economic policies, providence blessed him with a buoyant economy and he didn’t do anything with the money except pay off some of our loans. Banagida built a new city Abuja, 3rd mainland bridge, shiroro dam with a lower price of crude. They were in power for the same number of years.

Since we judge economic growth based on where the economy was before, The benchmark for Buhari was an economy where oil was $100 under Jonathan so his timing was cursed and he was always going to struggle. His economy was never going to be good. That said as a poor economic manager, he didn’t help himself either in many ways.

You may find some telling you oil price went to $100 under Buhari. They are just being mischievous. While it is true, it was very brief and like I said we were producing half the oil as under Jonathan or Obasanjo.

Since you are only interested in comparing Buhari to OBJ. The summary is under OBJ, our oil Income was an average of 300% of what he met, while under Buhari, the oil revenue he had throughout his tenure was less than his predecessor. As price of oil goes so goes the Nigerian economy because we import everything!

Sheuns:
I did not compare Buhari with Jonathan but with obasanjo. Explain why Buhari failed woefully despite having received a much better economy compared to Obj

Below are the prices for crude just before Buhari came into power and during his tenure. As you can see Jonathan enjoyed above $100 crude for more than 3 years. Buhari only saw it for 6 months during Ukraine invasion and we did not benefit because our production had halved (his fault) and our production costs had risen. For the majority of Buhari’s tenure crude oil hovered between $40 and $50 occasionally reaching $60. It was only from 2021 that oil sustained a rise above $60, hovering between $60-70.

No president presiding over a Nigerian economy where oil prices are half of what your predecessor enjoyed can ever preside over a robust economy.

In fact as I am looking at these figures where I am seeing $16, $26, $30, $40 a barrel (for some reason pics not uploading) for a man who is not a good manager of the economy he tried! That he was able to build 2nd Niger bridge, the elusive lagos Ibadan express, Apapa express way, construct rail, renovate airports etc , pay for all the 3 refineries….I don’t care what anyone says the man tried.

Lol....look at someone who wanted to educate now scampering off after seeing superior knowledge and being found out a fraud.


...and , Naah bro!.....dont bring Jesus into this. Even Jesus cant but marvel at your level of stupidity.

Someone who does not know how GDP is calculated is turning around to say GDP is not our problem after being found out to be an eejiiet. Would he have said so if the GDP was rising? I am sure he would have joined his fellow dimwits to dance and drum to all radio stations in Nigeria in high praises of his paymasters if the GDP was improving. GDP may not be a problem but it is a major indicator of how well an economy is doing but it is a reflection of how potentially buoyant the productive capabilities and the resilience of such an economy is. Reducing GDP is a major symptom of an impeding economic recession.

And for once, you may be right, GDP is not Nigerias biggest problem, the biggest challenge Nigeria has is having buffoons line you in the majority, because wherever you have such, they end up voting one of them to be the leader(Bubari/Tinubu) and that usually would be the beginning of retrogression of such a society.

casualobserver:
Sometimes one comes across something so ludicrous you break your rules. You and I ‘know you have been trying to grab my attention in virtually every thread for the last week and I have ignored and will continue to ignore you.

However when a man posts something so ridiculous I have to respond to say your problem is clearly not just a lack of English comprehension but lack of intellect. How on earth does an educated person can come to the conclusion you arrived at based on what I wrote can only be put down to poor English comprehension and a fundamental low IQ. Why not add Zimbabwe while you are at it?

I really pity this generation of poorly educated Nigerians. We are in trouble!


I am done here you can tell that eeediot co traveler of yours that I genuinely didn’t bother to read his post and i will not read or respond to any of your posts here or anywhere. When your foundations are wrong, you can’t be corrected as an adult. Honestly our biggest problem is not our GDP but the poor quality education in our youth. I have said it many times and I will keep saying it, it is better we educate our people in our native languages, we don’t understand this English!

Jesus wept!