₦airaland Forum

id911:
"Hers is to formulate fiscal policies she's still gearing on at"? For how long? Do you know our economy is seriously going down south?

Do you people really understand what's happening to our economy at the moment? Everything shouldn't be politicized or done on sentimental ground. The president needs to urgently take another look at the Finance Ministry

gists:
She has been the minister of finance TWICE!!
Where has she led us to?
For me I believe this gov should be given a fair chance to work. I don't even remember the last time we had a budget that didn't rely heavily on oil. Let alone the last time we have a budget that focus more on capital project. Even if the price of oil goes down to $20/barrel, it still won't affect the financing of the budget that much (provided we are able to maintain a reasonable amount of sales).
So when people begin to criticize without giving any peculiar reason and worst still without any solution, it shows they are just being bitter over GEJ's loss

Curvinus:
The ban on the use of ATM outside of this country. Is the world no longer a global village?

Ban on generators, a major economic life wire when power situation has not improved.

Arbitry forex policies that are starving our industries of vital raw materials.

Blanket introduction of TSa that is akin to the death nail in certain sectors of the economy.

Aggressive pursuit of decrease in overhead expenditure via retrenchments to boost capital progects, rather than trying to shore up IGR through, for instance, increased vat as was advised by the IMF.

An unrealistic budget that seeks to borrow N5billion a day to finance its deficits.

Gbawe:
Don't mind him. Read the article below from 2014 to note majority of the current woes Buhari is valiantly tackling began under the PDP and the very corrupt and highly inept GEJ many of these guys worshipped, never criticised and even backed to continue in office for 4 more years. Note the comments of intelligent economists and analysts, who do this for a living, below while some charlatans continue to come here with their half-baked arguments motivated by nothing but prejudice andhatred of others. They should remind us again who failed to save when oil prices were high as highlighted in the article below if not their thieving messiah GEJ and his looting minions.They should also remind us as well who turned the power privatisation into a "come and chop" crony capitalism exercise that is only producing darkness. If the article below warns in 2014, when oil was $68.00 per barrel, warns “We’re a substantial way from the economy even starting to think about being able to recover,” is it not obvious those wanting Adeosun and buhari to perform miracles in months are not sincere and do not mean well for Nigeria? Some of these guys are very shameless.

http://www.wsj.com/articles/nigerias-tumbling-currency-a-victim-of-falling-oil-prices-1417535209

Wed Feb 18, 2015 10:16am EST UPDATE 2-Nigeria fixes naira at 198/dollar in de facto devaluation
http://www.reuters.com/article/nigeria-naira-idUSL5N0VS3EM20150218

Feb 19, 2015 Why CBN Pegged Exchange Rate At N197/Dollar
http://thestreetjournal.org/2015/02/why-cbn-pegged-exchange-rate-at-n197dollar/

18-2-2015 CBN Devalues Naira, Fixes Exchange Rate at N198/dollar
http://firstafricanews.ng/index.php?dbs=openlist&s=15735

hamilton62:
You think they are bitter over Goodluck's loss beccause you are happy over Buhari's win... The clock has more than one hand. Do you think the present Nigerians who are in great demand of the way forward won't criticise any govt when they stray away from the path?
Criticism is one they show be ready to face...
Please digress on this:
Let alone the last time we have a budget that focus more on capital project. Even if the price of oil goes down to $20/barrel, it still won't affect the financing of the budget that much (provided we are able to maintain a reasonable amount of sales).
And please remember there is quota at OPEC for all members and the country has lost it's major buyer, USA. Is it not further starvation that will arise from the lift of ban on Iran by the IEAE?
Please, help us to light up our dark edges here if we have one with your explanations.
Thanks.

Tochaigh:
After that joke of a budget, Buhari or Osinbanjo's head should be the one rolling not this innocent (bewildered) woman.

It was Osinbanjo that said "there would be know coordinating minister of the economy". And they said he is a professor of law. Nigeria's economy is presently a joke.


Meanwhile, Emifiele should be banished to the north-pole

id911:
Mrs Adeosun must be removed or redeployed to another ministry for the good of our economy. She does not understand the direction of our economic projectile.

I wonder what the President is still waiting for

Gbawe:
My guy, it seems like you never received the memo and that is why you are here trying to teach IPOD wailers and children of hate basic sense. No one takes those guys seriously on NL any more and they are generally ignored because everyone knows they hate Buhari and pretty much everything that moves and is not Igbo. Good luck trying to talk sense to a people only targeting Adeosun because of her ethnic group and not because of reasons which can be borne out by logic. The woman has already announced her solid and sound thinking publicly and any sensible Nairalander or Nigerian would know she cannot perform miracles for where Nigeria finds herself today courtesy of the PDP.

The irony of the matter is that these hateful elements you are wasting your time with are the same folks who supported GEJ blindly for the 5 years he was President and even gave him 100% of their votes to continue for another 4 years yet they are already preaching that Adeosun, only a few months in office, should be removed. Dude, learn what Nairaland is about lately and learn to ignore the children of hate and their impotent rants and ultimatum. Everyone who loves Nigeria is getting on with the job at hand while they are busy trying to settle scores 24/7. How will any sane or objective person ask for the removal of a finance Minister who has only being in office for three months? Is that fair or logical? This alone shows the motivation of those calling for her sack when they rabidly and blindly supported Okonjo Iweala, for many years, while she only made a big mess of Nigeria under GEJ.

pharmagba:
That's lame. Let's talk economics and fiscal regulation then I know you are sincere. 3month to prepare budget for the nation, pls give her some slack

id911:
Mrs Adeosun must be removed or redeployed to another ministry for the good of our economy. She does not understand the direction of our economic projectile.

I wonder what the President is still waiting for

id911:
I'm not supposed to dignify you with a reply because you don't deserve any. If our Oil stops flowing today or the price in global market goes down to btw $5-$10, will Nigeria cease to exist?

Does South Korea have Oil? What about Malaysia, Thailand, etc. Most of the rice we eat in this country comes from Thailand. What happens to our arable lands? We hear from ages of diversifying our mono-economy to agriculture but this year's budget to agriculture ministry is less than last year's. Why are you people not asking questions about it?

What are the qualities of a good leader? Did I ever tell you I support Goodluck or Buhari? I don't really care who is there. I only care about friendly policies for our suffering masses

gists:
I will be among those Nigerians that will criticize this government if it fails to deliver. But I will not criticize someone who has spent less than 4 months on the mantle. That is the point I was trying to make. Can people just be fair for once? NOI had two chances and she blew both chances up, yet people are still asking her to come back for a third spell. It took NOI 5 yrs with record high proceeds from oil sales to ruin the economy to what it is today. Yet this same people want Adeosun to wave the magic wand in 3 months.
As for the country losing it biggest customer and iran coming back on, it will definitely impact on the earnings of the country. But the fact is according to the budget, projected oil earning makes lower percentage from the total earning projections. SO while there will be loss of income from oil, it won't be as bad requiring the government to borrow money just to pay salary like in the last administration.

id911:
Guy it's like you don't leave in this country or you don't understand economic indices very well. If you do you won't ask that question

hamilton62:
My brother, if you are to be contracted for a project as an Engineer and you gave them duration for delivery knowing the stringent condition surrounding the project, after that duration you did achieve NULL what yardstick of criticism do you think will be used?
NOI never failed in passed administration, the govt comprising of FG to an extent but the state govt did worst.
Have you forgotten she called for savings that raining days are ahead and others but the State govt etc refused and spearheaded by Amaechi?
mobile.reuters.com/article/idUSKCN0JB21E20141127

sunnewsonline.com/new/economic-downturn-nigeria-ignored-okonjo-iwealas-warning-obi/
They fought the past administration with hatred to the extent they caused this problem because the governors forum he chairs forced this on her via the FG and they still misused it even after the warnings.
If she didn't do well her first time she wouldn't be there the 2nd time but they killed every good thing with black-politics aka politics of selfishness and hatred and hey are still same people accusing her NOI...
Please, our brain works, not like some #oldie#

id911:
Mrs Adeosun must be removed or redeployed to another ministry for the good of our economy. She does not understand the direction of our economic projectile.

I wonder what the President is still waiting for

Eledan:
The 5%centers that never wished Buhari as the President nor wish him well are now giving him advice on how to run his government.

Djicemob:
They should also redeploy buhari to efcc chairman and Osinbajo to be at the helm of affairs.

sam90s:
From your statement, you mean NOI is competent but some factors beyond her control prevented her from delivering, read that and tell me what it sounds like
Again, as a matter of public record, the new finance minister released statement detailing her plan for the nation's economy, read it and explain which part you disagreed with, no where on this planet, not even in North Korea will a minister be removed for incompetence before even starting her job, remember her job is not just flipping a switch, you know that right?

cjeriia:
C wetin u write. shior. ..!!!! Abeg edit ur grammar joor

id911:
Guy it's like you don't leave in this country or you don't understand economic indices very well. If you do you won't ask that question

id911:
Mrs Adeosun must be removed or redeployed to another ministry for the good of our economy. She does not understand the direction of our economic projectile.

I wonder what the President is still waiting for

id911:
Guy it's like you don't leave in this country or you don't understand economic indices very well. If you do you won't ask that question

Tochaigh:
After that joke of a budget, Buhari or Osinbanjo's head should be the one rolling not this innocent (bewildered) woman.

It was Osinbanjo that said "there would be no coordinating minister of the economy". And they said he is a professor of law. Nigeria's economy is presently a joke.


Meanwhile, Emifiele should be banished to the north-pole

TheArchangel:
You argue and write like a career journalist and the likes. I do not have the time to indulge, wait for your fellow career analysts. On NOI I stand again and again...who is your option, stop dodging the question. All this textbook analysis are pointless.

Gbawe:
Are you for real? Have you been living on another planet for the past 5 years not to know that NOI is a weak-minded and unscrupulous woman who abetted and rubber-stamped all the financial impropriety and recklessness the GEJ government got away with that has now gotten Nigeria into the horrid mess she is in today? You guys are something else honestly.