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Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable - Politics (6) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigerian Economy Records ‘Worst Week’ Since 2008 - The Cable (26963 Views)

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Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by hinwazaka: 6:17pm On Oct 31, 2015
TonyeBarcanista:
Smart of you but what happens to the environment you operate in?
I will use the environment around me to grow my business at the expense of the touts and agberos who participated in the one million man march for BUHARI prior to the elections. To be honest I am financially happy Buhari won the elections, because quasi-authocratic command economies are the most suitable environments for get rich quick schemes. As per Nigeria, it will still survive no matter what.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by Bizibi(m): 6:30pm On Oct 31, 2015
Mogidi:
I don't want to gloat but all available studies show there would be recession in the spring of next year. It's unavoidable considering the inept govt we currently have.
we are already in recession but it will be fully blown by January
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by Maj196(m): 6:33pm On Oct 31, 2015
Brace urselves pple.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by tuniski:
TonyeBarcanista:
Government need to act to arrest the situation before it becomes worse. At present nobody know the plan of the government neither is there any intervention action. May God Help Us
we are already in technical recession! By next year we will enter full recession not by wish but, clearly by the facts on the ground. We are experiencing more sectoral decline Q on Q.

The worrying side is not actually the inevitability of a recession rather the rigidity of the current leadership. This govt seems bent on being in closet rather than opening up.

Many don't understand the looming catastrophe ahead. They keep saying the incoming cabinet will magically turn things around. I pray Buahri listens cos he doesn't get it. It is not about fighting corruption or blame game but, clear and smart thinking ASAP.

#pray4Nigeria
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by Bizibi(m): 6:45pm On Oct 31, 2015
OYAY:
How is this government inept? My area in Amuwo Odofin has never experience power supply the way we are enjoying it now for the past decade I have been here,so if this government has not being referencing efficiency in power sector I doubt we will be experiencing this positive power supply. However there may be issues with the economy for now which is a carry over of the ineptitudes of the last government but I can assure before this time next year our economy will be out of wood with pace and commitment of the VP Osinbajo and the president Buhari are displaying.
it seems you guys don't understand the gravity of the slow pace of this govt,we are in a modern era and no one waits fr you,this govt will struggle badly next year and we will all suffer it because of the what they were supposed to do within the 6 months
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by Donbrig: 6:50pm On Oct 31, 2015
In spite of all these economical problems, our foolish Godwin Emefiele wants to freeze over 25 Million customers bank accounts just because of BVN that is supposed to be a continuos process as it is done in SANE countries.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by BBluv2015: 7:01pm On Oct 31, 2015
OYAY:
How is this government inept? My area in Amuwo Odofin has never experience power supply the way we are enjoying it now for the past decade I have been here,so if this government has not being referencing efficiency in power sector I doubt we will be experiencing this positive power supply. However there may be issues with the economy for now which is a carry over of the ineptitudes of the last government but I can assure before this time next year our economy will be out of wood with pace and commitment of the VP Osinbajo and the president Buhari are displaying.
Are u saying this administration made it possible? Why are we Nigerians ungrateful? GEJ worked on the light issue before they left not this present administration. If GEJ administration is that bad, why is APC doing same things complained about under PDP? Nigerians una never see anything, d worst is yet to come. I rest my case.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by henryutd(m): 7:01pm On Oct 31, 2015
Nigerians never see anything yet. As we all begged for ministers, that's how we will beg for 2016 budget preparation and presentation to the National Assembly by third quarter of next year.

Quote me then.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by Candyrain(m): 7:08pm On Oct 31, 2015
fulaniHERDSman:
Wailer's opinion cool
Is this all you have to say? Oh I just saw fulani in your moniker, I'm sure you got nothing to worry about because the assurance that your brother Bubu, being the head of the nation, has covered you.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by project7(m): 7:09pm On Oct 31, 2015
basilo101:
Oil price should remain low, enof of dis nonesense wealth without work
Spoke my mind.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by kodlins(f): 7:10pm On Oct 31, 2015
Bring back Okonjo Iweala and Arunma Oteh
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by WOCKHARDI(m): 7:11pm On Oct 31, 2015
Why won't the economy be bad when a professor of Law is heading the economic team.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by banki(m): 7:34pm On Oct 31, 2015
nigerianvenom:
Assuming mtn leaves the Nigerian market as assume, what will happen? The naira has no hope of restoration. Militants are agitating, massob and ipob are pressurising, some yoruba elders are not comfortable and the worst of it all, the president came out telling the entire world that Nigeria is broke. Which policy maker and leader attempt making such statement? what are u telling the outside world and the numerous investors u keep pursuing?
Do u think any good investor will love to come into Nigeria with this kind of statement by the Nigerian leader?

We are in a deep mess!
The president said yesterday that he isn't loosing sleep about people like you

1) mtn wouldn't leave nigeria! If they disobeyed our rules they must pay...that's how it's done in civilized countries and it's a GOOD thing for corporate firms to pay taxes and fines right now we need as much money we can get the price of crude has fallen and we must think outside the box
2) ipob and other ethnic bigots are mostly bad loosers as its evident on nairaland, people like Fani kayode was jonathans campaign DG, he lost the election and now is agitating for a break up of nigeria....like I told some one last week "fulani herdsmen kidnapped olu falae so according to afenifere the solution is to sack them out of the southwest" how would we feel if usa or England say Nigerians were caught smuggling drugs into thier country so we must all leave usa etc?
3)the economy is in a bad shape we must stop unecessary childish critisim and work together to make it work! Pdp or apc...they are all responsible one way or the other for the economic collapse
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by repogirl(f): 8:59pm On Oct 31, 2015
TonyeBarcanista:
This is not worth celebrating nor seeking to score cheap political points. I've been worried with the dwindling state of the economy since May 29. My prayer is that we don't delve into recession.


The government need to adopt austerity asap...
We are already in a recession but they won't say it! Isn't it glaring already?
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by demandtruth: 9:00pm On Oct 31, 2015
hinwazaka:
Thank God for Wikipedia and google, which helps fools like this to keep on swimming in lunacy. If you like be waiting for free meals from PMB, who claims he never promised such, while the other fool, VP houseboy uses his boss's absence to proclaim himself Chancellor of Exchequer. When hunger pangs turn your stomach to wrestling match, noone will force you to CRY.
Your parent are fools.

The more reason you refused to learn how to fend for yourself.
All your woes you want to blame the new government for.

Those idiots your whole gangs call your mentors, have children,
some i've met in the western world, lavishing your common wealth
like there's no tomorrow

You poor rat come on line to say what you don't know anything about

Idiota!
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by demandtruth: 9:02pm On Oct 31, 2015
.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by repogirl(f): 9:02pm On Oct 31, 2015
basilo101:
Oil price should remain low, enof of dis nonesense wealth without work
yes oooo, it should fall lower sef... So that the government can finally become serious about diversifying the economy.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by repogirl(f): 9:06pm On Oct 31, 2015
nigerianvenom:
Assuming mtn leaves the Nigerian market as assume, what will happen? The naira has no hope of restoration. Militants are agitating, massob and ipob are pressurising, some yoruba elders are not comfortable and the worst of it all, the president came out telling the entire world that Nigeria is broke. Which policy maker and leader attempt making such statement? what are u telling the outside world and the numerous investors u keep pursuing?
Do u think any good investor will love to come into Nigeria with this kind of statement by the Nigerian leader?

We are in a deep mess!
It is called the almajiri/beggar beggar syndrome! grinangry
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by persius555(m): 9:06pm On Oct 31, 2015
BBluv2015:
undecided Did I hear u say All Subsidies Have To Go? No way, it must remain because when President Jonathan said it, d educated illiterate we have in dis country went on street to riot, went on strike, insulted d president and insisted dt it must stay, so why d sudden change? Nigeria never see anything yet, I dey laugh like Obj. Until we tell ourselves d truth, we remain in d same position. Subsidy must stay. I rest my case.
Stop mis-informing nairalanders. The president only said there was no such thing as fuel subsidy, he never came out to object the removal.
Nigerians, please lets not become alarmists just because oil price is dwindling and we have a dwindling foreign reserve.
I believe PMB is about to usher nigeria into a economic eldorado that we have long yearned for. An economy that is to an extent free of incessant looting and stealing. If we can survive 16 years of kleptomaniac looting, we should be able to pull through this one.
We should see the drop in oil price as a blessing in disguise as this will force the govt of the day to speed up our race to economic revolution. Oil or no oil, we are about to kickstart an economy that will be the pride of the black race.

The govt got off on a right start to a bit slow, but then reality stares us in the face and we will weather the storm.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by repogirl(f): 9:12pm On Oct 31, 2015
BBluv2015:
Are u saying this administration made it possible? Why are we Nigerians ungrateful? GEJ worked on the light issue before they left not this present administration. If GEJ administration is that bad, why is APC doing same things complained about under PDP? Nigerians una never see anything, d worst is yet to come. I rest my case.
no mind them, Nigerians have chosen to be blinder than bats and have developed selective amnesia! Stop wasting your time trying to convince anyone and leave them to bask in their biasness.

They can only blame GEJ for so long.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by Excellentmind: 9:16pm On Oct 31, 2015
IsraeliAIRFORCE:
Which recession? After recovering 1,000,000 barrels of Crude Oil stolen by Jonathan's men on daily basis.

Unless someone convinces me that Katsina Cabals are now stealing the crude and eating fat at our expense.

If I remember, one former minister is begging to return $6,000,000,000 while OBJ and others have returned theirs according to dependable sources in Government.

With $150,000,000,000 waiting to be recovered from foreign banks, Nigeria can't be broke nor can it go into recession.

I trust the people's General
Even with facts and figures, you still can't understand that you are in for a big thing. We warned, but were insulted and lampooned by folks like you. How can a man who was ousted 33 years ago due to his lack of basic economic indices manage an economy in a digital world where he cannot operate his phone not to talk of computer. God doesn't support lies neither does He support conspiracy. Get ready!
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by repogirl(f): 9:18pm On Oct 31, 2015
tuniski:
we are already in technical recession! By next year we will enter full recession not by wish but, clearly by the facts on the ground. We are experiencing more sectoral decline Q on Q.

The worrying side is not actually the inevitability of a recession rather the rigidity of the current leadership. This govt seems bent on being in closet rather than opening up.

Many don't understand the looming catastrophe ahead. They keep saying the incoming cabinet will magically turn things around. I pray Buahri listens cos he doesn't get it. It is not about fighting corruption or blame game but, clear and smart thinking ASAP.

#pray4Nigeria
exactly! Now is the time to open up, be fluid and not concrete!
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by 989900: 9:26pm On Oct 31, 2015
Yanks101:
California has a GDP of $2.3trillion with a small population of 38.8 million. Nigeria has an inflated GDP of $500billion with a population of 170 million.
The distance is just so wide. Even if Nigeria has the best president on earth, given the disparity in resource, there is no way Nigeria would have the same standard of living as california.
Agreed, we just have to do better. We need stable power supply to drive us forward. Of what use is powering Ghana, Togo, and Benin, while our little industries suffer?

OTOH, using Cali as an example is wrong. Cali is technically the 8th richest country in the world by GDP -- higher GDP than any european country bar Russia; maybe Germany and England!

Lagos for example holds down 20% of Nigeria's GDP @roughly $100b, bigger than Kenya's, Ghana's, Togo's, Benin's GDP put together -- imagine a Lagos with 24-7 power supply, adequate security, and sensible train network, further bolstered by a country-wide working economy.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by 989900: 9:33pm On Oct 31, 2015
Donbrig:
In spite of all these economical problems, our foolish Godwin Emefiele wants to freeze over 25 Million customers bank accounts just because of BVN that is supposed to be a continuos process as it is done in SANE countries.
Pls. Help me tell Mr. Governor o.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by 247notire(m): 11:46pm On Oct 31, 2015
montezz:
Awwww...i'm right beside you dear! Thank you! Kisses!
Swty, pls send me a mail... The adress I used 4 here ain't active anymore... Okwarachukwuma@gmail.com
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by Nobody: 11:53pm On Oct 31, 2015
hinwazaka:
Very good. Hunger and poverty will punish the supporters of APC
Yup!!!
And you will live in Eldorado..... land of plenty, sipping maqarita angry
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by Nobody: 11:57pm On Oct 31, 2015
Excellentmind:
Even with facts and figures, you still can't understand that you are in for a big thing. We warned, but were insulted and lampooned by folks like you. How can a man who was ousted 33 years ago due to his lack of basic economic indices manage an economy in a digital world where he cannot operate his phone not to talk of computer. God doesn't support lies neither does He support conspiracy. Get ready!

Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by hinwazaka: 12:12am On Nov 01, 2015
mykl01:
Yup!!!
And you will live in Eldorado..... land of plenty, sipping maqarita angry
Yes, shaking not stirred.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by Franzeez(m): 3:14am On Nov 01, 2015
demandtruth:
Stop this lie. You have no such back ground. You are empty and it
shows from your response on the news in discuss.

If you have any idea whatsoever, you'll know the reports of profit and losses
referred to 2014 FY and the quarter report in which your god, GEJ, was
still in the saddle.


He mismanaged the economy by not having any buffer in reserve.
It's simple as that.

The election is over and you guys have loss. Simple
Keep fooling yourself, GEJ has done his bit and left, it is PMB now. No one will and has the moral right to blame GEJ for anything post May 29, the reason we have a new president is because we believe he will do better. My stand point remains clear, when Obama came on board he blamed Bush for the woes he faced, but as time went by he had no one to blame. The time is coming when blaming the past Administration for woes will no longer appeal to any one.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by 9japatroit(m): 3:33am On Nov 01, 2015
IsraeliAIRFORCE:
Which recession? After recovering 1,000,000 barrels of Crude Oil stolen by Jonathan's men on daily basis.

Unless someone convinces me that Katsina Cabals are now stealing the crude and eating fat at our expense.

If I remember, one former minister is begging to return $6,000,000,000 while OBJ and others have returned theirs according to dependable sources in Government.

With $150,000,000,000 waiting to be recovered from foreign banks, Nigeria can't be broke nor can it go into recession.

I trust the people's General
you are silly for posting this baseless propaganda.
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by buchilino(m): 3:43am On Nov 01, 2015
IsraeliAIRFORCE:
Which recession? After recovering 1,000,000 barrels of Crude Oil stolen by Jonathan's men on daily basis.

Unless someone convinces me that Katsina Cabals are now stealing the crude and eating fat at our expense.

If I remember, one former minister is begging to return $6,000,000,000 while OBJ and others have returned theirs according to dependable sources in Government.

With $150,000,000,000 waiting to be recovered from foreign banks, Nigeria can't be broke nor can it go into recession.

I trust the people's General
WAT DO I DO 2 MAKE U WAKE-UP FROM UR SLUMBER, D ONES OBJ RECOVERED FROM ABACHA WAT HAPPENED 2 IT TILL 2DAY IS STILL A MYSTERY. ALL THOSE TALK OF MINISTER RETURNING MONEY R JUST PROPAGANDA 2 DECEIVE NIGERIANS. EVEN IF SOME MONEY WERE RETURNED, DO U HONESTLY TRUST NIGERIAN POLITICIANS 2 USE SUCH IN MAKING OUR LIVES BETA?
Re: Nigerian Economy Records ‘Worst Week’ Since 2008 - The Cable by Nobody: 3:48am On Nov 01, 2015
The economy is going this low, buhari and apc are still confused and I heard N.D would be shut down in January 2016 by the Militants should their stipends/allowancs cease or not increased.

Oh Gosh!!!
Where is the Nigeria Military??
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