Pidggin:


Go to Google, type "What did Good luck Jonathan do to transform other sectors in the economy" you will get your answer, he did a lot.

Zoehill:
its a pity that at this generation people still don't reason objectively.......the man said they are being owed since August 2014 but most of us are blaming Buhari.............when those construction companies were donating millions for GEJ second term bid, didn't they know that they were gambling? How many construction projects has Buhari's administration commenced? All the inherited liabilities must not be looked into before payments? the construction companyies should show me the roads they have built in the SW & SE that they expecting Billions. They are just punishing their staff for no cause.
God bless Nigeria.

francizy:


I prefer 1 corrupt GEJ with world class economic team to 1 million "incorruptible" Buhari with corrupt ridden teams...

wristbangle:


If you can defend his works, am afraid to say that u are as clueless as him. #note not an insult#

400billionman:


The three sectors you are mentioning do not generate funds for govt.

He should concentrate on Customs, FIRS, Immigration, and other fund generating agencies. You and i know that Mass transit belongs to Igbos. 95% of Mass transit ventures do fail. It is not for feeble minds.

PuciPrince:

Maybe its too early to criticize.
I know Nigerians know what to do after 4 years.

petrelli07:

You seem not to get it. The budget is operating on a deficit already because despite all expert warnings, the GEJ led government put crude benchmark at $65 per barrel. Now crude has fallen to about $45 and you want a supplementary budget? Like our outstanding debts are not enough... The obvious strategy by the pmb government is to see the previous administration's budgets' life out then bring up theirs... it's painful and it'll hurt but it's a good plan...

Trut:
The Fate of 65,000 Construction Workers that lose jobs in 4 months.

#BeTheJudge.

You worked in the construction company in the past five years that GEJ was president, you had no issues with your job. Instead, you received promotions and increased salary packages. You were happy.

However, in those five years, you committed a lot of energy calling President GEJ "clueless". You and your friends resolved to vote him out on the election day. When the D-Day finally came, you all voted out GEJ, not minding who was going to replace him since, according to you, a "#NEPAbillCertificate" would be far more efficient than GEJ. In fact you even preferred a goat to GEJ.

Finally, you got your wish and GEJ is out and a "body language Administration" is now in place. Four months later, your construction company fires you due to the Stone Age economic policies of the body language regime.

Now that you're jobless, you are looking for GEJ to blame but he is gone.

Moral Lesson: most misfortunes are self inflicted.

#FoodForThought.

tolustx:
Wait o...

Why is it that these days, what we hear is massive retrenchment, retirement or sack and nothing like massive recruitment of staff. Is this what change is bringing for Nigeria or what? I just don't understand. I need some clarification.


Anyone

SeverusSnape:
Where are the three million jobs and the 740 thousand "immediate" jobs the change crew promised?

Instead of more jobs, what we're now seeing is massive layoff. Indeed, this is "change". change from good to worse.

porka:


[size=13pt]Professor of budget and national disaster, is this how you are running your family?

Did you go to school at all?

By seeing the last administration's budget's 'life out' and bringing up theirs, will it make the deficit turn to surplus? Will it make those debts suddenly disappear?

Is this a magical reasoning or what?

Do you mean Buhari will wait till March or April next year before any action? How did you come to this state of mind my friend? On a normal day, budgets prepared and presented around this time of the year still spend more than 3 months with the legislature, how much less a very abnormal period such as this - that ministers are just doing orientation at this time, that the minister of finance is not even known.

Who did this to you?

Budgetary oil price benchmark is not cast in stone. The same benchmark was adjusted once by the finance ministry and NASS with the understanding that further downward or upward adjustments would be made giving the realities of the oil price.

Supplementary appropriation could be used to address your 'offensive' oil price benchmark too. Supplementary appropriation can be used to redress the 'perceived' lapses, it's not just for 'pork'.

Government is not in the business of deliberately waiting for an appropriation to expire, smart governments act and they act fast. Buhari was not elected to come and wait for Jonathan's budget to expire before he acts.

Government don't inflict pain on the citizens because they don't know what to do, they seek for help or resign.[/size]

uridadole:


Those that Know the extent to which pdp wrecked the country are more in number than those who are ignorant. A lot is changing to bring sustainable growth.
And govt of GMB is much better; they know. And he will not be stoned bt any one. Economy will pick sustainably after now.

Dontbeused:
65000 is a big Lie
BIG LIE!!!!
BIG SCAM!!!
Even Dantata doesn't av 65000 workers!!
Any construction company with 65k works will be working and av houses nation wide!!!!

simtosul:

www.leadership.ng/news/472186/recession-construction-firms-sack-65000-workers

wristbangle:


Do u think GEJ would have been a better option if he continues to rule?

amazingspiderma:
The economies of most great nations like US and UK are in debt for years,yet they have a positive rating from financial instituions. That is because they still have jobs that employ people.The real capital in the 21st economy is not cash but jobs (human capital). No 21st economist is afraid of debt because debt can be paid once there are jobs guranteed,what they are afraid of is unemployment.

That was the reason behind sure-p,it was aimed at integrating more human capital especially unemployed graduates into the workforce so that people can first gain experience then little cash.The more people worked,the more the economy grew,and the more the increase in GDP which inturn leads to the payment of debt.When people work,they pay taxes which is a sure option of generating funds than expecting the global commodity market to favor the price of certain commodities or resources.The UAE as a nation is doing this as it is less dependent on money from crude and more on human capital which is why they are into construction,tourism and educating their people(human capital).
Even if construction companies were owned for a year,they could still continue working as most of them will still have contracts to attend to,this is reason why banks lend to people not just because of collateral but because they are credit worthy.They have what it takes to pay in the future,which is the contract validity and jobs.
The economy did not crumble under Babangida,Abacha,OBJ or GEJ because despite whatever was going on there were still jobs no matter how small.
My point is the 21st century is not cash driven,it is job(human capital driven).
This is why I still fault PMB ministerial appointments because there are no people with track records capable of improving our economic fortune as a nation.
People have to wake up to the fact that although debt(cash deficit) is not the best,but unemployment is the worst case for any economy.
Enough talk about crude oil prices it is not a good enough excuse,the Malthusiain population theory is no longer relevant.We are in the era of capital(human capital) economy,that is what PMB should be prioritizing.He is not the head of a local vigilanty but the president of an economic power house

petrelli07:

So Mr Economist/Public finance expert... You want the government to bring up a supplementary budget to address contract payments left by the previous administration? Let's ask the obvious question here. was it captured in the 2015 budget and if it was, why were the payments not made despite the "adjustments" you claimed hàppend? The fact is that there were no funds... Do you think countries just slude into recessions? The truth is that until we see the 2016 appropriation bill, they (the contractors) might have to live as creditors to the state.

SeverusSnape:

What will Nigerians do??... B00HARI can't be voted out.

PuciPrince:


You think so?

989900:
This is scary!

simtosul:

www.leadership.ng/news/472186/recession-construction-firms-sack-65000-workers

TolaOluwatosin:
this is change, its surprising that this is all you have to say, if Gej Was in power I show do know that you would have an article to write