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Nigeria’s Economy May Be Back From The Brink - The Economist - Politics (2) - Nairaland

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Re: Nigeria’s Economy May Be Back From The Brink - The Economist by lionshare: 8:23am On Jan 30
BlocksNG:
before FreeStuffsNG starts jubilating, the word "may" connotes uncertainty.
There is nowhere in the world where serious economists speak with absolute certainty; their assessments are almost always framed with cautious optimism. For that reason, using the word may is entirely appropriate. Economic forecasting is much like predicting the weather: even when projections indicate rainfall, there is never a 100% guarantee—only a high probability, often 85% or more. That said, the Nigerian in me hopes for a much stronger outcome: GDP growth of 10% or more, alongside higher wages and job creation, so the benefits can quickly trickle down to the average Nigerian. God bless everyone who has contributed to making this cautious optimism possible..
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by anonimi:
seunmsg:
We are not there yet but we are surely on our way there. That’s why all Nigerians who want to see a better future for the country must rally round Mr. President to continue in office till 2027.

We must stay the course so has to ensure this golden years are not derailed.
To continue till 2027? Or you meant to continue BEYOND 2027?

What better future have Lagosians seen in 27 years of Tinubu’s lootocracy TAX master plan that has grown the state budget 100 times since 1999 but failed to deliver similar outcomes in government services and public utilities?

What better future are you expecting from someone who has failed to deliver on his own short term goal of N300/$1 despite borrowing $3.3 billion SPV Afreximbank loan to defend the Naira, with future oil revenues huh

Ẹni tí ó yá ẹgbẹfa tí kò san gbé igi dina egbèje.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Kemetian: 8:26am On Jan 30
BlackPhanter:
As painful as it is for me to do, I have to admit that the economic reforms being done by Tinubu's government is yielding positive results. Especially with the stabilization of the naira again the USD . We can now use our naira cards to make international purchases. This among several other things.
One major thing that can move the country forward economically is to cure the festering disease of insecurity and corruption.
You are a good Nigerian. May blessings come to you. Amen. cool
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by themanderon: 8:27am On Jan 30
9m dollars is working. We will be hearing more of these lies as elections draw closer.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Klogo: 8:28am On Jan 30
Another lobbying package. Westerners just dey chop FG money...person wey dey lie lie knows, person wey dem dey lie for knows too.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by MrPresident1: 8:28am On Jan 30
Already providing soft landing for the Cityboy. If he is their candidate, he will win
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by MrPresident1: 8:29am On Jan 30
Already providing soft landing for the Cityboy. If he is their candidate, he will win. Na dem told us Jonathan is not good for us and we accept and enter great tribulation.

Una don forget?
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by themanderon: 8:34am On Jan 30
seunmsg:
We have to continue to pushback against their bitterness. We must never allow their false narrative to become mainstream or go unchallenged. We have a duty to Nigeria to ensure this economic recovery is not derailed.
Keep pushing false narratives.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by reddingtonblack: 8:38am On Jan 30
seunmsg:
We are not there yet but we are surely on our way there. That’s why all Nigerians who want to see a better future for the country must rally round Mr. President to continue in office till 2031. We must stay the course so as to ensure that the coming golden years are not derailed.
You don hear God forbid BAT things, rally kor .... IF not madness/selfish centeredness why will anyone go to the polls n vote Tinubu let be sincere, U mobilised, use my car for campaign and voted Tinubu 2023

But the last 3yrs has shown that was a terrible mistake, this man clearly wont bring infrastructure, security and the economy Nigeria deserve, Propaganda saying inflation is single digit is just self deciet

What price as gone down below 2023 price benchmark ... they say dollar is stable 😀 1400/$1 thats what they want sane people to applaud from 700/$1 in 2023

Is it not when you beat the predecessor record, that calls for celebration
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by blingxx(m): 8:38am On Jan 30
DeltaFire:
The Economist is a fake prophet!

Nigeria economy is getting worser every day. People are calling to beg for money.

Cement cost is high.
Go and buy cement in Ghana if you think it is cheaper
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by DeLaRue: 8:44am On Jan 30
Best President in the history of Nigeria.

"The price of a kilo of rice has nearly quadrupled since May 2023".

That's clearly incorrect. I understand a bag of rice can be bought for around N60,000 today.

Is the Economist saying a bag of rice cost N15,000 at the time the last government left office?
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Basic123: 8:45am On Jan 30
seunmsg:
We are not there yet but we are surely on our way there. That’s why all Nigerians who want to see a better future for the country must rally round Mr. President to continue in office till 2031. We must stay the course so as to ensure that the coming golden years are not derailed.
Yeah...The situation was the same when Obasanjo started his reforms.

Yaradua shouldnt jave jacked up fuel subisdy kn the day of his inauguration and reversed the sale of thr 3 refineries to dangote then

Re: Nigeria’s Economy May Be Back From The Brink - The Economist by dheilaw1(m): 9:00am On Jan 30
Gotocourt:
The economy is actually picking up but middle men are reaping people off. I observed some things are cheaper in super market than shops and market stall angry. Prices have dropped since last year at distributors warehouses but greedy shop owners ain't backing out. Car parts sellers are increasing prices though not all.
The market would frustrate them at a point.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Big2bore(m): 9:03am On Jan 30
DeltaFire:
The Economist is a fake prophet!

Nigeria economy is getting worser every day. People are calling to beg for money.

Cement cost is high.
People like you have to be thought 1 million times before you can get the information clearly. Am also feeling the heat but at the same time I can understand where the president is going he is building for us the future not now, some of us have to pay the price even when we know we are not the cause of the problem.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by dheilaw1(m): 9:03am On Jan 30
watchindelta:
Without light and security! Pretending and foolishness talk be this. Without light and security and less corruption 👌 you nigeria are joking 😳 no economy survive with does 3.
write in English, so everyone may understand understand your point.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by iwaeda: 9:10am On Jan 30
Messenger how much is fuel now, school fees, house rents. grin grin grin grin grin grin
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by skywalker240(m): 9:11am On Jan 30
Gotocourt:
The economy is actually picking up but middle men are reaping people off. I observed some things are cheaper in super market than shops and market stall angry. Prices have dropped since last year at distributors warehouses but greedy shop owners ain't backing out. Car parts sellers are increasing prices though not all.
This is were you government steps in
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by nedu666: 9:16am On Jan 30
seunmsg:
It’s a cautious word that signifies possibility of what can happen. Tinubu cannot realistically solve all of Nigerias problems in less than three years. They are simply telling you that the president is going in the right direction and if we stay the course, the golden years are about to come.

This is what should interest all Nigerians as we access the performance of Mr. President and make up our minds on who should lead us from 2027-2031. Recovering from the economic mess that Tinubu inherited in 2023 won’t be a sprint. It’s a long marathon that entails rigorous economic reforms and policies. All indices are now showing we are on course to full recovery and economic prosperity. It is left for us to ensure this is not derailed.
The problem with asslicking is that you don't know when you start eating shit. The same buhari you supported for 8 years and claimed made Nigeria economy the best in Africa is now the same person you claim left bad economy for timubu.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by nedu666: 9:19am On Jan 30
Big2bore:
People like you have to be thought 1 million times before you can get the information clearly. Am also feeling the heat but at the same time I can understand where the president is going he is building for us the future not now, some of us have to pay the price even when we know we are not the cause of the problem.
Who are the some of us? Does that include govt officials buying the new 2025 land cruisers for 350million. The only people paying the price are poor Nigeria. Nothing concern govt officials wit all these price paying
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Cmeo(m): 9:30am On Jan 30
They should be specific and not use political language for us. Afterall they were blunt when they were declaring it bad
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by SlavaUkraini: 9:38am On Jan 30
AMINDA:
All this procured articles with carefully inputed plausible deniability clauses like "may" will not save Tinubu come 2027.

Today, Nigeria is the fifth largest economy in Africa. We were number one barely 3 years ago.

Seunmsg watch this video and advise your Party accordingly..

Upon all the rebasement that was done, Nigeria is still number 5 in Africa...

Something is wrong somewhere..

The Average Nigerian is not feeling the benefits of the rebasement and subsidy removal..

The most populous black nation is number 5 in Africa, that is an abnormally
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by SlavaUkraini: 9:40am On Jan 30
nedu666:
The problem with asslicking is that you don't know when you start eating shit. The same buhari you supported for 8 years and claimed made Nigeria economy the best in Africa is now the same person you claim left bad economy for timubu.
Lol 😂😂😂😂😂😂😂

So the guy is now eating shit...... lol
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Irony1: 9:51am On Jan 30
AMINDA:
All this procured articles with carefully inputed plausible deniability clauses like "may" will not save Tinubu come 2027.

Today, Nigeria is the fifth largest economy in Africa. We were number one barely 3 years ago.

You sabi the game very well.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Irony1: 9:52am On Jan 30
BlackPhanter:
As painful as it is for me to do, I have to admit that the economic reforms being done by Tinubu's government is yielding positive results. Especially with the stabilization of the naira again the USD . We can now use our naira cards to make international purchases. This among several other things.
One major thing that can move the country forward economically is to cure the festering disease of insecurity and corruption.
Oga there is nothing painful for you to admit. You don't need to be sneaky about your support for the reforms. Just say it with your full chest.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Irony1: 9:53am On Jan 30
seunmsg:
We have to continue to pushback against their bitterness. We must never allow their false narrative to become mainstream or go unchallenged. We have a duty to Nigeria to ensure this economic recovery is not derailed.
No one is being bitter the reforms have failed woefully. We are now 5th in africa. We are no longer top destination for fintech investors. Kenya has taken over.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Irony1: 9:54am On Jan 30
seunmsg:
Insecurity is being dealt with. Sadly, there is a political and ethno-religious angle to the problem. It’s the same pattern of always using insecurity to destabilize the government of a southern president once election is around the corner. If there is any president that has the courage to tackle this problem courageously, it is Bola Tinubu. The approach may be cautious, but I believe he will solve the insecurity problem.
Insecurity is not being dealt with. Sometimes get serious and stop propaganda
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Kukutente23: 9:56am On Jan 30

Unless the government cuts civil-service salaries, another big chunk of spending, or is able to restructure loans to make them cheaper, the extra revenue from recent tax reforms looks unlikely to be available for improving infrastructure or to pay for public health care and education.
Seunmsg I guess you'll also support cut in salaries of civil servants to ensure that this reforms by our great leader succeed as The Economist article is recommending. All hands must be on deck and no sacrifice should be too much to ensure that Nigeria returns to greatness.

Meanwhile this article summarily dismisses Tinubu's ability to match OBJ's successes in its final line. It seems to say they are unsure if his direction compared with OBJ's tenure. It is ironic that the Op posted the article thinking it's a positive one of the govt he supports
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Thedon22: 10:04am On Jan 30
Some Obidients will be in sifia pains now. Even Obi himself will be sad. Hope he commends govt after this new positive review same way and with same energy he criticized when The Economist gave a negative review.
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by anonimi: 10:04am On Jan 30
Kukutente23:
Seunmsg I guess you'll also support cut in salaries of civil servants to ensure that this reforms by our great leader succeed as The Economist article is recommending. All hands must be on deck and no sacrifice should be too much to ensure that Nigeria returns to greatness.

Meanwhile this article summarily dismisses Tinubu's ability to match OBJ's successes in its final line. It seems to say they are unsure if his direction compared with OBJ's tenure. It is ironic that the Op posted the article thinking it's a positive one of the govt he supports
Many thanks for sharing the extract from the OP.

It's quite dubious that the article advises reduction in salaries while going on to lament reduction in purchasing power.

What is remarkabel is how it validates the deregulation and privatisation foundation for PDP 16 years of widespread prosperity, laid by Atiku's business mindset unlike the peasant agriculture mindset of the Ota farmer.

Buying food has been a particular struggle, not just for the 42% of Nigerians who live on less than $3 a day, the World Bank’s definition of extreme poverty, but also for the urban middle class. The price of a kilo of rice has nearly quadrupled since May 2023, while wages have barely budged. Even though inflation is now falling, many still struggle to afford enough to eat.

Mr Obasanjo’s reforms in the early 2000s aimed to increase economic dynamism and improve people’s lives by attracting fresh capital investment into newly privatised sectors. By the end of his second term in 2007, domestic companies were worth $85bn, up from $3bn in 1999.
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>

anonimi:
‘How Atiku saved Obasanjo from near bankruptcy before he emerged president’‘

A new book has revealed how former Vice-President, Atiku Abubakar, saved ex-President Olusegun Obasanjo from near bankruptcy before he emerged president in 1999.

According to the new book, entitled ‘’Too Good to Die: Third Term and the Myth of the Indispensable Man in Africa,’ Atiku made all his resources available for Obasanjo’s presidential campaign.

The book, written by former chairman of National Human Rights Commission, NHRC, Chidi Odinkalu, and Ayisha Osori, author of ‘’Love Does Not Win Elections,” also revealed how Obasanjo beat late Alex Ekwueme to the presidential ticket of Peoples Democratic Party, PDP, in the 1999 election.

Quoting an account from Atiku, the authors said the trio of Ibrahim Babangida, Theophilus Danjuma and Abdulsalami Abubakar wanted PDP to adopt Obasanjo as their presidential candidate “because they considered him the best person for the job.”

“Implicit in their position was their belief that they knew how to manipulate Obasanjo and the fact that Obasanjo did their bidding in 1979. They felt secure that he could be managed again,” the authors wrote.

Atiku was reportedly asked to join a team to Ogun to inform Obasanjo that he was going to run for the highest office in the land.

“When Atiku and Obasanjo discussed the call to serve as president, Obasanjo said he could not be president because he was a nearly bankrupt ex-convict. Atiku, through General (Aliyu) Gusau, paid money into Obasanjo’s account to begin his financial rehabilitation.

“Head of State Abdulsalami Abubakar helped out by granting him an unconditional pardon. Atiku put everything he had at his disposal to support Obasanjo’s emergence as the PDP presidential candidate and, when he joined the ticket as the vice-presidential nominee, continued to make his assets available to Obasanjo and the campaign.

https://www.vanguardngr.com/2018/09/how-atiku-saved-obasanjo-from-near-bankruptcy-before-he-emerged-president/
Re: Nigeria’s Economy May Be Back From The Brink - The Economist by Guestmale: 10:32am On Jan 30
Gotocourt:
The economy is actually picking up but middle men are reaping people off. I observed some things are cheaper in super market than shops and market stall angry. Prices have dropped since last year at distributors warehouses but greedy shop owners ain't backing out. Car parts sellers are increasing prices though not all.
You're right, for example how will someone buy a soap at wholesale price of ₦100 and be selling it for ₦200, that's hundred percent profit.
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