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Nigeria’s Economy Shrinks, Recession Imminent - Politics (3) - Nairaland

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Nigeria's Economy Is Finally Out Of Recession - World Economics / Nigeria’s Economy Shrinks By 2.2% In Third Quarter / Recession: FG’s Non-Oil Revenue Shrinks By N134bn (2) (3) (4)

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Re: Nigeria’s Economy Shrinks, Recession Imminent by wordychap: 12:45pm On May 21, 2016
DropShot:

With what the "dullard" has achieved by keeping Nigeria alive, the Ineffectual Buffoon would have put Nigeria up for sale were he to still be in charge.

Nigeria under the IB borrowed to pay salaries in February and March 2015, remember?

So, intelligent people can understand what we would have become if he was still in charge.
Keeping Nigeria alive?
Let me intimate u on buhari's economic maneuver to keep Nigeria alive:
-retrenchment of many federal civil servants thereby increasing unemployment.
-payment of half-salaries to many of d remaining federal civil servants
-reduction in allocation to states; such that many r unable to pay salaries.
-making profit from Nigerians in sell of fuel when crude oil was at its lowest n fuel price lowest in other countries.
-Withdrawal of subsidy
- stamp duty charges n many other obnoxious charges
-'devalueing' d naira which is now selling above N380 to a dollar
All this policies are anti-people n inflation is at its highest rate.
With d introduction of TSA n oil price of 47dollars, Nigeria doesn't deserve to be in this mess buhari has placed us.

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Re: Nigeria’s Economy Shrinks, Recession Imminent by Firefire(m): 12:46pm On May 21, 2016
fuckDmod:
Ha ha ha see as I dy laugh one by one nd I dy look zombie one by one.I always knew bubu has ill-luck in his destiny now he has used it to affect our economy,why be say na wen d modafucckker enter na him we enter economic recession.he might av good intention but he should first go nd watch his head off badluck in erin ijesha or river oba







Hahhahahahahha I laugh sotey I fall from ontop plane wey I dy but God got my back my back no crash



Cc firefire
Ajebutter
Ajepako
Ladyexcellency

Buhary ill luck is strong. embarassed

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Re: Nigeria’s Economy Shrinks, Recession Imminent by Nobody: 12:47pm On May 21, 2016
what so special about the fall in crude price? during Yaradua govt it went down to $39, during OBJ govt, it was hovering around $17-$19, and the country was still OK. but now the poor masses are deliberately subjected to unnecessary hardship.

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Re: Nigeria’s Economy Shrinks, Recession Imminent by rozayx5(m): 12:47pm On May 21, 2016
RickyTan:


Why are you wasting your time with people that do not care about facts?
Fact - Jonathan despite years of $100 oil saved nothing for rainy day.
Fact - Jonathan blew everything and borrowing to pay salaries in Feb and March 2015.

Opinion - Let them blow pipeline dey go - let us see who will suffer more. Bayelsa and Lower Delta will suffer the most. Nigeria has other resources. Plenty Land, Calabar, Akwa Ibom axis is calm
Let us see who will outlast the end of oil. The polluted oil swamps of Bayelsa southern Delta go feel the pain pass

calabar has no oil well
qua boe in akwa ibom has been shut down more bmbings will put you in penury

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Re: Nigeria’s Economy Shrinks, Recession Imminent by plaetton: 12:48pm On May 21, 2016
DropShot:


We saw this coming. It's not a news any longer since the only commodity that made us grow on paper has lost more than 60% of its values without us saving for these rainy days.

PMB technically inherited a bleeding economy; an economy effectively in recession.


Nonsense.

3 years from now, you and your ilk would still be blaming previous government for Buhari's failure.

Shameless.

Please please, kindly tell me what in the past year has or will this government take responsibility for ?

Why don't they all do us all a favor by resigning?

Blaming the past for your current failures is the way of failures.

This is the reason most us, and we are growing in numbers everyday, continue to insist that this government is good for nothing.

Let me ask you, do YOU sincerely want to elaborate for you why Nigeria has descended to negative GDP growth in the past six months ?

Yes, oil price is has much to do with it, but sheer incompetence and buffoonery is greater reason.

I can list a number of purely idiotic ad hoc policies of this government that pushed the economy to the choking point it is right now.

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Re: Nigeria’s Economy Shrinks, Recession Imminent by piagetskinner(m): 12:48pm On May 21, 2016
mineANDurs:
It is expected,
It happened in 1984,
And it will happen again because buhari still believes in his outdated policies.

Its unfortunate that this tym around we have to wait 4 yrs to throw him out of d office.


Not so.. ..in 3years time he will be out

1 Like 1 Share

Re: Nigeria’s Economy Shrinks, Recession Imminent by TBankxx(m): 12:50pm On May 21, 2016
SeverusSnape:

Yes, We saw it coming, we knew Buhari was coming to destroy the economy of the country, we know he's a dullard.
Exactly ma broda. dont mind d oda zombie trying to justify Bubu 75'

3 Likes 1 Share

Re: Nigeria’s Economy Shrinks, Recession Imminent by sammhi(m): 12:50pm On May 21, 2016
DropShot:

With what the "dullard" has achieved by keeping Nigeria alive, the Ineffectual Buffoon would have put Nigeria up for sale were he to still be in charge.

Nigeria under the IB borrowed to pay salaries in February and March 2015, remember?

So, intelligent people can understand what we would have become if he was still in charge.
a sick man need a good doctor to keep him alive or heal him..but a quack will make him worse ..
which of these does your god PMB fit in? you know the ansa..
PmB problem is that he has blocked all avenues that should have kept the country alive with consequent healing.....he is a big disappointment.I used to route for him since 2011 but he has shown he is incompetent...
it is obvious...even if price of fuel goes to 80$ ..things won't change..
why has rice gone up, tomatoes is now gold, every food item has risen? is it dollar too...atleast let food be cheap them we know he has tried ..for where ..everything collapsed and u here writing this crap...ode

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Re: Nigeria’s Economy Shrinks, Recession Imminent by cktheluckyman: 12:50pm On May 21, 2016
bettercreature:
BUHARI is the worst president i ever seen,that NIGER/DELTA problem can be sorted withing one week but his sluggishness won't let him to do anything on time,just imagine putting Tompolo in charge of everything and drop all the charges against him, wont there be peace in that region and NIGERIA at large? this man is fraustrating me by day

hmm seriously coming from a zombie like you there is still hope.Anyway like you said going after Tompolo was a very dumb move.I wonder if he has advisers.With the state of the economy,a wise leader would have let the sleeping dogs lie

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Re: Nigeria’s Economy Shrinks, Recession Imminent by plaetton: 12:53pm On May 21, 2016
DropShot:

With what the "dullard" has achieved by keeping Nigeria alive, the Ineffectual Buffoon would have put Nigeria up for sale were he to still be in charge.

Nigeria under the IB borrowed to pay salaries in February and March 2015, remember?

So, intelligent people can understand what we would have become if he was still in charge.

Lol@ this Convoluted logic.

Only people suffering from serious cases of cognitive dissonance USE hypothetical situations to defend current failures.

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Re: Nigeria’s Economy Shrinks, Recession Imminent by ybilad(m): 12:54pm On May 21, 2016
...

Re: Nigeria’s Economy Shrinks, Recession Imminent by plaetton: 12:54pm On May 21, 2016
SeverusSnape:

That the defense most zombies always come up with. "Nigeria would have been worse bla bla bla...". Same way you guys were preaching the gospel of Buhari, "Nigeria would be better off with Buhari, Buhari will do this, he will do that". But we all know what's going on now.

Mr integrity who before now said there's nothing like subsidy, paid for subsidies for some months and now has removed the 'nonexistent' subsidy.

Lol.
It's cognitive dissonance.

If only they know how really really silly they sound.

But then, they are called zombies for a reason.

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Re: Nigeria’s Economy Shrinks, Recession Imminent by piagetskinner(m): 12:55pm On May 21, 2016
The economy sliding into recession....naira becoming worthless....power generation on an all time low... Unemployment skyrocketing.....niger delta avengers displaying stunts, hampering oil production..


This is the point where mama peace statement becomes useful


Chai there is God

2 Likes 1 Share

Re: Nigeria’s Economy Shrinks, Recession Imminent by Toosure70: 12:56pm On May 21, 2016
we shall overcome
Re: Nigeria’s Economy Shrinks, Recession Imminent by Mavrick2012: 12:56pm On May 21, 2016
DropShot:


We saw this coming. It's not a news any longer since the only commodity that made us grow on paper has lost more than 60% of its values without us saving for these rainy days.

PMB technically inherited a bleeding economy; an economy effectively in recession.

sir,Barak came in during "gloal economic melt down",remember?in less than 6 months americans started FEELING the impact of mr Barak's economic impute.mr PMB has been trying to become president since 2002(13yrs b4 2015), my questns;(1)why all this lamentations instead of hiting the ground running?(2)after 13 yrs of power search,what is/are mr PMB's economic policies/blue print.(3)when are we going to forget the "ineffectual baboon" and beging to improve the increasing economic burden on poor nigerians?

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Re: Nigeria’s Economy Shrinks, Recession Imminent by sammhi(m): 12:58pm On May 21, 2016
cktheluckyman:


was Tinubu not amongst those who promoted the uneducated nincompoop?
Tinubu would have been a better President 10x ..forget he promoted him..but is it Tinubu ruling
forget some aspect of Tinubu but u can't fault his sagacity and leadership qualities.
he promoted PmB with tot that he will be VP..alas..
Amaechi , kwankwaso and Saraki ensure it didn't materialize..
aniway ..Tinubu has ruled before and we know his antecedent..he would be a better President than any Nigerian politician still alive today...
Re: Nigeria’s Economy Shrinks, Recession Imminent by plaetton: 12:59pm On May 21, 2016
DropShot:

Nigeria has not paid a dime in subsidy since beginning of 2016. Again, what the FG has done is to deregulate the oil industry. Read about what it means to deregulate.

Why can't you counter the fact that the Ineffectual Buffoon and madam puff-puff borrowed to pay salaries in Feb and March of 2015 and attempt to tell us how they could have managed the economy with much more lower oil price?

Are you really that ignorant NOT to realize that GEJ is no longer wearing the crown ?

Please stop and think for just a minute.

You were free to use GEJ to campaign and win an election.
The election has been over for one year.
Daahhhh!!!

When is your Messiah going to start taking responsibilities ?

Seriously.

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Re: Nigeria’s Economy Shrinks, Recession Imminent by jesussaves22: 12:59pm On May 21, 2016
DropShot:

With what the "dullard" has achieved by keeping Nigeria alive, the Ineffectual Buffoon would have put Nigeria up for sale were he to still be in charge.

Nigeria under the IB borrowed to pay salaries in February and March 2015, remember?

So, intelligent people can understand what we would have become if he was still in charge.
Were you originally conceived or
Re: Nigeria’s Economy Shrinks, Recession Imminent by RickyTan: 12:59pm On May 21, 2016
rozayx5:


calabar has no oil well
qua boe in akwa ibom has been shut down more bmbings will put you in penury


Put me in penury? This is NOT about me. So if everything gets shut down as you seem to gloat about then who suffers the most?

Ordinary Nigerians is the answer especially Nigerians in Bayelsa and lower Delta communites . Before PMB go suffer ehn Hell go freeze over
Re: Nigeria’s Economy Shrinks, Recession Imminent by folks4luv(f): 1:01pm On May 21, 2016
DropShot:

You're obviously behaving like a proper illiterate here.

Our amiable president, President Muhammadu Buhari only paid subsidy in 2015 plus the debt left behind by the Ineffectual Buffoon. In 2016, PMB has not paid a penny in subsidy. Again, read about it here http://www.vanguardngr.com/2016/02/no-subsidy-paid-in-january-kachikwu/

It's attached for you as well.
I don't want to call u funny, but u sure are. it is good to defend your amiable president, but do so with logical points. Kachikwu said they havent paid subsidy since January 2016. one, what happened between June 1 to dec 31? y haven't they paid subsidy since January? cause they planned to remove the whole thing. now show me a report that says no subsidy was paid for d first six months of this administration...or pmb became d president in January 2016?

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Re: Nigeria’s Economy Shrinks, Recession Imminent by jesussaves22: 1:02pm On May 21, 2016
googlepikins:
Nigerians are the only people in the world that voted an illiterate as a President and expect him to serve like Obama. I don't get it !!
Yes oh na we. May God deliver us amen

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Re: Nigeria’s Economy Shrinks, Recession Imminent by Nobody: 1:03pm On May 21, 2016
A man or nation who does not know where his problem is, will never come out of it. Someone ran the economy despite all the negatives and Nigeria became the biggest and fastest growing economy in Africa and this doesn't mean a thing to us..... undecided angry angry is absolute foolishness.

PMB should have left the economy alone without drastically changing the economic policies and fighting corruption at the same time. A man should not climb a ladder with things on both hands.......His intent was good but let's admit it.....he didn't have the full details nor experience to make such adjustment. But the biggest mistake is when we choose to aportion blame and accusations rather than utilising the available resources to revert these mistakes.

How on earth should we have renowned economists like Pat Utomi, Ngozi O., etc shocked shocked cool shocked cooland instead of utilising these potentials, FG is busy accusing and chasing them away. angry angry sad angry angry

What we are looking for in the sky is under our bed.......... Please stop the hating and let's unit to save our nation. undecided undecided undecided undecided

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Re: Nigeria’s Economy Shrinks, Recession Imminent by forray(m): 1:04pm On May 21, 2016
DropShot:

With what the "dullard" has achieved by keeping Nigeria alive, the Ineffectual Buffoon would have put Nigeria up for sale were he to still be in charge.

Nigeria under the IB borrowed to pay salaries in February and March 2015, remember?

So, intelligent people can understand what we would have become if he was still in charge.


Forget about politics, how do you feel when you type those words, calling people who is old enough to be your father or older than you father names like dullard and ineffectual buffoon. How would u feel if somebody write about your father or mother like this? Reading it alone makes me feel some how. What happened to our moral values in Africa? All this is what is bringing this country down. Forget APC and PDP, we need to start with ourselves. It's not just right
Re: Nigeria’s Economy Shrinks, Recession Imminent by Nobody: 1:04pm On May 21, 2016
Recession,what recession?nigeria has been in recession even before I was born.

Vanguard pls stop using posh words,it makes yous look stupid.
Re: Nigeria’s Economy Shrinks, Recession Imminent by Nobody: 1:06pm On May 21, 2016
.
Re: Nigeria’s Economy Shrinks, Recession Imminent by berrystunn(m): 1:08pm On May 21, 2016
Am calling on buhari to step down

Before is too late, no good economy team
No good plans , Fighting corruption or fighting opposition.... I think I need that corrupt govt,
Where I see things working,


This is a Sensitive position... Only educated men and women with PhD.and others, Can fix things in this global would.

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Re: Nigeria’s Economy Shrinks, Recession Imminent by Xapio: 1:08pm On May 21, 2016
DropShot:

Any evidence this government has borrowed a penny to pay salaries?

The only clueless president we know was the Ineffectual Buffoon. grin grin grin
Stop lying to yourself.

http://www.thisdaylive.com/index.php/2016/04/12/fg-we-borrow-n600-billion-monthly-to-augment-salaries/

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Re: Nigeria’s Economy Shrinks, Recession Imminent by maxzzo1(m): 1:08pm On May 21, 2016
DropShot:


We saw this coming. It's not a news any longer since the only commodity that made us grow on paper has lost more than 60% of its values without us saving for these rainy days.

PMB technically inherited a bleeding economy; an economy effectively in recession.

My broda Buhari and apc are Bad luck.....!!!!

1 Like 1 Share

Re: Nigeria’s Economy Shrinks, Recession Imminent by hmuhammad(m): 1:09pm On May 21, 2016
DropShot:

You're obviously behaving like a proper illiterate here.

Our amiable president, President Muhammadu Buhari only paid subsidy in 2015 plus the debt left behind by the Ineffectual Buffoon. In 2016, PMB has not paid a penny in subsidy. Again, read about it here http://www.vanguardngr.com/2016/02/no-subsidy-paid-in-january-kachikwu/

It's attached for you as well.
why do you keep arguing with a child? let him be.

1 Like

Re: Nigeria’s Economy Shrinks, Recession Imminent by kstix(m): 1:10pm On May 21, 2016
Enough of rubbing the ''nigeria is sinking'' poo in our faces already. We need solutions.. Period.
Re: Nigeria’s Economy Shrinks, Recession Imminent by Nobody: 1:11pm On May 21, 2016
This is the end result of voting dreamers into power.

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