Pidggin:


Did you read the global economic report? Can you please post the report on the growth of the economy for the past 15 yrs? If you cannot, I will do so as soon as I can use my laptop. I shall also post link from IMF.

Ohhh, so the link isn't among those posted here. I see.

That aside, what do you have to see about the figures above. Jonathan inherited 10.6%, ran it down to 4.3% in two years before it rose to 7.6% in 3years later (a figure still much less than what he inherited).

I need your comments on that since you are one of the most vocal critics of Buhari's economic agenda and a vocal fan of Jonathan's.


Remember, you supplied the link not me so you cannot fault the data.

BUHARI .... WHY

Pidggin:


If it rose steadily from 2013 to 2015, why would you declare GEJ destroyed our economy? Did you read the global economic report? Can you please post the report on the growth of the economy for the past 15 yrs? If you cannot, I will do so as soon as I can use my laptop. I shall also post link from IMF.

It rose after plunging by over 50% to an abysmal 4.3%.

He still handed over much less than he inherited.

Now tell me, on what moral grounds do you people stand to criticise Buhari?? Be honest with yourself for one. It took Jonathan 5 good years to bring it to 7.6% which he handed over to Buhari (despite the oil windfall) when what he inherited was 10.6%, yet you people want Buhari to give you 7.6% in ONE YEAR under conditions of record low oil prices.

Tell me the truth, do you find that reasonable

Iroh88:
Oh ye recalcitrant Ekpas, do we produce blades in this country?? I most just about all of you are illiterate, so I'd oblige you with a little bit of basic economics.

When you operate an economy based on a single product and the price of such a product eventually losses its value by over 70%, it is only normal that the value of the currency of such a country operating such an economy to take a beating due to depleting forex. When the value declines, the cost of imported goods and other associated products inevitably rise- even the best economist in the world can't prevent that from happening you illiterate children of Orubebe.

Now, had your biggest party in Africa diversified our economy by just 10% while it held sway for 16 years, perhaps we wouldn't experience none of this- but the economy wasn't diversified, neither was money saved. Rather, despite the windfall from oil, your useless party kept borrowing, recovered looted funds and re-looted them, and stole every penny in sight.

Today, we are paying the price of 10 years of failure, and 6 years of Ineffective Buffoonery and you guys want everything to be fixed in under a year!!

I think we might have more Robotic Buffoons than we initially thought parading themselves as human beings.

#bashing is also allowed.

assuming Ur buhari did not truncate democracy with his gang 1984. the wouldn't have been any pdp. so saying trash

A big basket of tomatoe that sold for 15k b4 is now 800 Naira here in Enugu, same with local fruits and tomatoes


Shoprite has not added a dine in their prices as at today....

Interesting

chiefobdk:



assuming Ur buhari did not truncate democracy with his gang 1984. the wouldn't have been any pdp. so saying trash

Assuming your Ipod brothers did not start the culture of truncating democracy by staging the first coup ever, we would have been light years ahead of where we are today.

Stop saying bigger trash.

Iroh88:
Can you show me where IMF said "Nigeria maintained a growth rate of 7% for the past 15 years"??

Please I desperately wanna see it. Post the link here.

If you can't, then look yourself in the mirror and tell yourself the gospel truth about who you and people like yourself truly are.

Must govt be the one to produce razor blade, egg and even animals for ur consumption?
Everything govt, diversify, pdp..
Your policies isn't even encouraging the riches in the country and even the foreigners. You ppl shld go sell una papa land and produce even nylon and be selling

Lai - Have you blamed GEJ today?

Iroh88 - Yes sir! I have.

Iroh88:
I knew your lie would get to you!!

Now, in ALL the links you made available, the last of which isn't working, there's one with exclusive stats on GDP growth rate and it shows that your Hero inherited a GDP growing at 10.6% in 2010, and in under a year, it nosedived to 4.9% in 2011, and further to 4.3% in 2012 after which it started to rise steadily through 2013 (period of oil boom) until it peaked at 7.6% in 2015!!!

Jonathan inherited a GDP growth of over 10% and handed over a GDP growth of 7.9%!!


Now, what do you have to say about that?? You supplied the links and not me.

And the blatant lie you stated earlier: "Nigeria maintained a 7% growth rate for the past 15 years" IMF, lying on IMF because they aren't on the forum to deny it is just childish and shameful.

I'm still open to you showing me where IMF said that. Remember you put the statement in QUOTATION MARKS. Now, you can just specifically point out the link, the paragraph, and the line in which they made the statement.

Just look at that failure, yet you people want Baba to turn thing completely around in 1year! Can one get any more hypocritical??
See una lives..

Was busy all day, but here is what you have been asking for:

IMF Executive Board Concludes 2014 Article IV Consultation with Nigeria
Press Release No. 15/91
March 4, 2015
On February 27, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Nigeria.
Nigeria has a large and diverse economy that has achieved a decade of strong growth, averaging 6.8 percent a year, and now accounts for 35 percent of Sub-Saharan Africa’s gross domestic product (GDP). Inflation has remained in single digits for two years, and the banking sector, which has a strong capital base, is expanding credit. The trade surplus has been declining since the second quarter of 2013 on lower oil exports and continued strong growth of imports, and gross international reserves have been falling. Meanwhile, the general government fiscal deficit and public debt have been kept low. However, Nigeria still lags its peers in critical infrastructure and has high rates of poverty and income inequality. While the economy is diverse, with services accounting for over 50 percent of GDP in 2013, and oil only 13 percent, the oil sector remains a critical source for revenue and foreign exchange. With limited fiscal and external buffers ($2 billion in the excess crude account and $34.25 billion in gross international reserves, respectively at the end of 2014), the sharp decline of oil prices in the second half of 2014 underscores the challenging but compelling need to address remaining development challenges.
The authorities have responded to a sharp decline in oil prices. On February 18, 2015, the Central Bank of Nigeria closed the Dutch Auction System (rDAS) window, unifying the rDAS rate with interbank foreign exchange market rate. On February 25, 2015, the Senate approved the third revision to the 2015 budget, tightening the fiscal envelope by lowering the budget benchmark oil price to $52/barrel.

Visit:http://www.imf.org/external/np/sec/pr/2015/pr1591.htm to read more.

You and your kind will not succeed in tarnishing GEJ's image.

Pidggin:


Was busy all day, but here is what you have been asking for:

IMF Executive Board Concludes 2014 Article IV Consultation with Nigeria
Press Release No. 15/91
March 4, 2015
On February 27, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Nigeria.
Nigeria has a large and diverse economy that has achieved a decade of strong growth, averaging 6.8 percent a year, and now accounts for 35 percent of Sub-Saharan Africa’s gross domestic product (GDP). Inflation has remained in single digits for two years, and the banking sector, which has a strong capital base, is expanding credit. The trade surplus has been declining since the second quarter of 2013 on lower oil exports and continued strong growth of imports, and gross international reserves have been falling. Meanwhile, the general government fiscal deficit and public debt have been kept low. However, Nigeria still lags its peers in critical infrastructure and has high rates of poverty and income inequality. While the economy is diverse, with services accounting for over 50 percent of GDP in 2013, and oil only 13 percent, the oil sector remains a critical source for revenue and foreign exchange. With limited fiscal and external buffers ($2 billion in the excess crude account and $34.25 billion in gross international reserves, respectively at the end of 2014), the sharp decline of oil prices in the second half of 2014 underscores the challenging but compelling need to address remaining development challenges.
The authorities have responded to a sharp decline in oil prices. On February 18, 2015, the Central Bank of Nigeria closed the Dutch Auction System (rDAS) window, unifying the rDAS rate with interbank foreign exchange market rate. On February 25, 2015, the Senate approved the third revision to the 2015 budget, tightening the fiscal envelope by lowering the budget benchmark oil price to $52/barrel.

Visit:http://www.imf.org/external/np/sec/pr/2015/pr1591.htm to read more.

You and your kind will not succeed in tarnishing GEJ's image.

Na wa oo!! Let me redirect you to what you wrote earlier, which you stated in quotation marks

Pidggin:


"Nigeria maintained a 7% growth rate for the past 15 years" IMF

Nigeria was among the fastest growing economies in the last fifteen years - IMF

To this moment, you are yet to show me a SINGLE proof of what you claimed IMF said!

Why don't you simply admit you lied??

Beans from 350 to 500. Location Zaria

Pidggin:


Check this link, it's from the Global finance report:
htts:www.gfmag.com/global-data/economic-data/countries-highest-gdp-growth

Check Nigeria's ranking and growth for the past 15 years.

We know what you people are up to, unfortunately for your likes the only folks you can deceive are those that do not research and read.

Africa political and economic strategic centre:
www.afripol/afripol/item/694-nigeria-imf-report-on-economy-naira-inflation.html

Nigeria trade hub:

www.nigeriatradehub.gov.ng/News/tabid/98/entryid/129/nigeria-s-economy-to-grow-by-7-in-2014-imf.aspx

this is rubbish grammar we are talking of reality. I bought beans last month 350 this month I spent 500 on the same measure. I am worried about rice now, last is 500 now the man said even him he bought on 650/measure. Keep IMF rubbish aside, let's talk reality. They (IMF) and Buhari are in there sophisticated offices with cutting edge faciliries and you're here depending lies on their behalf.

AmmarOscar:
this is rubbish grammar we are talking of reality. I bought beans last month 350 this month I spent 500 on the same measure. I am worried about rice now, last is 500 now the man said even him he bought on 650/measure. Keep IMF rubbish aside, let's talk reality. They (IMF) and Buhari are in there sophisticated offices with cutting edge faciliries and you're here depending lies on their behalf.

What is this one saying, can't you read?