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Nigeria’s Economy Shrinks, Recession Imminent - Politics (6) - 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 olutunde12(m): 2:31pm 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.


Inteligent people like you of course. It would have been worst if.... When you are ready to say the truth wake me up.

Meanwhile, can you swear with a dane gun that you expected this? I bet not! But since buhari turned out to being a failure against what you expected, you have to get a cover story by all means. Bullshit!!

4 Likes

Re: Nigeria’s Economy Shrinks, Recession Imminent by magicalx(m): 2:36pm On May 21, 2016
RickyTan:


Jonathan that you claim led our economy to become the "largest and the greatest?" Buktus! Jonathan merely had a high Oil price slush cash accruing. He had NO say in oil prices.

Likewise PMB is battling the effects of Low Oil price that he had no hand in. This is NIgeria's opportunity to move away from the curse of oil. Our peoples suffering today lies SQUARELY on Jonathan. He did not SAVE anything for the rainy day. How can he? When Stealing is Not Corruption in his eyes

Shut up if you have nothing meaningful to say after 1year you are still blaming Jonathan.Who does that! You guys think with your ahole

4 Likes 2 Shares

Re: Nigeria’s Economy Shrinks, Recession Imminent by RickyTan: 2:38pm On May 21, 2016
[font=Lucida Sans Unicode][/font]
Quakertellicus1:
Good afternoon Nigeria.

So, we have a problem....though we have been saying that for ages. Some of us even saw we had a problem 5 years ago. Our economy IS based on the price of a barrel of oil....not on the works of our hands. That is where the problem is.

And to make matters worse....we Nigerians cannot set the price of our oil. Even the OPEC cartel cannot set the price of oil any longer. It has been weakened by the increased oil production in non-OPEC member states.

And yes....I would like to blame PDP for spending 16 years in power....and for doing nothing about our oil dependency. GEJ, despite his fans screamings....also did not save oil money (and did not increase refining capacity). And the APC is refusing to be brutally honest with us Nigerians...that we are a poor nation, and we need to cut our coats to size.

What we need to do now is simple

1.End all subsides. Increase school fees, hospital fees, etc. Yes...it would be hard on Nigeria....but when you do not have the money for cake...you do not go ahead to eat cake regardless.

2.Spend money urgently on Power (Add 20000MW by 2020, ) , transport, roads, and education.

3.End all useless government welfare programmes like SURE-P, N5000, etc. No more First Lady projects.

4.End all excess spending in the National Assembly and State Assemblies.

5.Continue the War against corruption. Anyone who says PMB should stop fighting corruption is a traitor to the Nigerian nation and his own tribesmen and women. We do not need such evil and deceitful people among us. We have suffered enough from their thievery since 1960. Corruption ends here. The(Nzeogwu's) ten-per-centers are our enemy. a threat to our very existence as a people...at both the tribaland national level. They must be stopped.

6.Force all states to work towards earning more money. Give states control over their non-oil resources.

7.Cut the bloat in the Civil Service. We have no need for a big civil service in our nation anymore.

8.Stop wasteful spending. If you cannot buy the imported....buy Nigerian. Our biscuit is just as good as Walker's shortcake.

9.A hard line on religious, tribal and ethnic millitants. All thug herdsmen, all Bokoists, all pipeline vandals, and all religious fanatics....all those who commit violence in the name of tribe or religion are our enemy. They must be stopped.

10.Nigeria must no longer be dependent on oil or any resource again.In ten years time,we must be a manufacturer. No buts, no excuses.

Long live the Republic!

I appreciate your wisdom. National Assembly is a total waste of scare funds

1 Like

Re: Nigeria’s Economy Shrinks, Recession Imminent by darlenese(f): 2:38pm On May 21, 2016
I feel like strangling that zombie

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Re: Nigeria’s Economy Shrinks, Recession Imminent by Eluwilussit(m): 2:39pm On May 21, 2016
RickyTan:


So what did your Hero GEJ do with years of oil price at $120? You keep dodging this question

For how long shall we blame Jonathan and his government? Did we not vote him out and put PMB in Aso Rock because we needed change? It is silly to keep blaming Jonathan.

Pmb listed a thousand ways to change things and make Nigeria better, during elections. He got the job. Why blaming the "ineffectual buffoon" who has been rejected by the electorate? Let Buhari start by implementing one thing first. Then we can move on from there. It is simple.

2 Likes

Re: Nigeria’s Economy Shrinks, Recession Imminent by RickyTan: 2:40pm On May 21, 2016
magicalx:


Shut up if you have nothing meaningful to say after 1year you are still blaming Jonathan.Who does that! You guys think with your ahole


Lol. First I won't shut up. Second you are the one that is angry. Lol
GEJ the ineffectual Buffoon
Re: Nigeria’s Economy Shrinks, Recession Imminent by RickyTan: 2:43pm On May 21, 2016
Eluwilussit:


For how long shall we blame Jonathan and his government? Did we not vote him out and put PMB in Aso Rock because we needed change? It is silly to keep blaming Jonathan.

Pmb listed a thousand ways to change things and make Nigeria better, during elections. He got the job. Why blaming the "ineffectual buffoon" who has been rejected by the electorate? Let Buhari start by implementing one thing first. Then we can move on from there. It is simple.

I respect your decorum and you do have a point. PMB needs to step up. But we can agree that GEJ corruption and lack of saving is killing us today

1 Like 1 Share

Re: Nigeria’s Economy Shrinks, Recession Imminent by cele360: 2:44pm 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?
the economy is down but they keep on flying private jet, is not affecting their feeding and well being their in Aso Rock na we d masses na him they want use sacrifice for Nigeria economy, wicked people

1 Like

Re: Nigeria’s Economy Shrinks, Recession Imminent by deolu2000(m): 2:46pm On May 21, 2016
I don't think this has to do with who is in power but our lack of diversification of the economy,oil price fall isn't only relative to NG i recone,but the economists and technocrats can enlighten me better.
Re: Nigeria’s Economy Shrinks, Recession Imminent by Bollinger(m): 2:46pm On May 21, 2016
adimsmt:



Really it's high time people like you stop all this excuses for this government Obama inherited worst economy. In six months after taking office he put policies in place that stop the bleeding. This government is now one good year old things are getting worst and you are here preaching What he inherited he is not the first president that inherited worst economic down turn. At least I don't expect magic but at least the bleeding must have stoped by now.. This are not the way to run a falling economy he waited too long injecting fund into the system.


Yes Obama inherited a terrible economy but, here's the difference; Obama was working with normal people/citizens who understood the problem and he was not bogged down with a nation that had a corrupt mentality. You'all keep blaming one man forgetting that the blame lies with every single Nigerian.

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Re: Nigeria’s Economy Shrinks, Recession Imminent by Godson201333(m): 2:47pm 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.

Buhari did not destroy any country but Nigeria destroyed itself...Is it Buhair that said Nigeria Economy should only depend on sales of Oil.

Nobody is buying our Oil because Syria is selling black Market and even Saudi Arabia the king of Oil is having problem.Nigeria Just need to divert their mentality and be creative ´!

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Re: Nigeria’s Economy Shrinks, Recession Imminent by RADDY1(m): 2:55pm On May 21, 2016
As an observer.... I have reasoned to know why world leaders associate and are in support of BUHARI. the answer simply is, they want to take him to a point of no return where things would have been messed up..Buhari would cry for their help and they in return will present the PRICE. I am so certain AMERICANS will never so where they will not reap

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Re: Nigeria’s Economy Shrinks, Recession Imminent by onatisi(m): 2:58pm 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 !!
But Rawlings didn't go to any university and yet he is extremely intelligent ,how come buhari is so dull and sluggish mentally? Abi Na his height ?
Re: Nigeria’s Economy Shrinks, Recession Imminent by otokx(m): 3:09pm On May 21, 2016
onatisi:

But Rawlings didn't go to any university and yet he is extremely intelligent ,how come buhari is so dull and sluggish mentally? Abi Na his height ?

The wisdom of Buhari is made manifest to those who will see.

2 Likes

Re: Nigeria’s Economy Shrinks, Recession Imminent by adimsmt: 3:09pm On May 21, 2016
DropShot:

Because USA has a lot of working systems in place, what takes it six months to fix will normally take us more than double that time for us to fix. If PMB fails to fix the economy after his four year tenure, we will then blame him. Not now.


Please give me break USA may have working system as you put it, but please let call a spade what it is this government are confuse you don't repair a car by destroying the engine. As I said i don't expect magic but by now any seriously minded government after one year might have come up with a workable and a well defind policies not all this cut and paste financial policies.
Re: Nigeria’s Economy Shrinks, Recession Imminent by dadebayo1(m): 3:09pm On May 21, 2016
I opened a packet of coaster biscuit for my little cousin and noticed we now have 3 slices of biscuit in the wrapper... It used to be 5.... grin no doubt the economy is in rececession

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Re: Nigeria’s Economy Shrinks, Recession Imminent by Nobody: 3:10pm 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.
Yes, we saw it coming my friend, and it's the same Buhari and the zombies that keep blowing up the oil pipelines at different locations.

1 Like

Re: Nigeria’s Economy Shrinks, Recession Imminent by Nobody: 3:16pm 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.

You can throw him out by the end of day tomorrow or impeach him.

You'll do neither because you're still comfortable.
Re: Nigeria’s Economy Shrinks, Recession Imminent by holaralph(m): 3:19pm 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 !!
...... What about the you voted for was his achievement during his time..... Pls tell nigerians
Re: Nigeria’s Economy Shrinks, Recession Imminent by adimsmt: 3:22pm On May 21, 2016
DropShot:

Because USA has a lot of working systems in place, what takes it six months to fix will normally take us more than double that time for us to fix. If PMB fails to fix the economy after his four year tenure, we will then blame him. Not now.

Please you give me a break USA may have a working system as you put it, but please is it not a high time we called a spade what it is, this government are confused. As I said i don't expect magic but no seriously minded government after one good year can not come up with a workable and well defind policies not all this cut and paste financial policies.
Re: Nigeria’s Economy Shrinks, Recession Imminent by iyke484real(m): 3:28pm On May 21, 2016
Muhari! The agent they send to cripple the economy of this great nation. #buharitheagent
Re: Nigeria’s Economy Shrinks, Recession Imminent by holaralph(m): 3:37pm On May 21, 2016
Am not surprise at all seeing all these comments on NL......... Majority of the people commenting against PMB are people of questionable character and questionable income ( money launder ,419ers, yahoo yahoo etc) I don't expect most of you to like PMB style of ruling because one way or the other you are all enjoying from your relatives that are milking this country dry in one way or the other........ Or can a man that is highly corrupt embrace this PMB govt no because this type of govt will kill business for any corrupt person in the country...... As for those majority of those lazybones from SS that are never ready to work rather they are only ready to collect monthly money I expect nothing from you than to continue typing jargons because your free meal is ending........ As for Vanguard any reasonable person know where you are coming from.......
Re: Nigeria’s Economy Shrinks, Recession Imminent by calaway: 3:56pm 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.


[size=15pt]ONLY THE IGNORANT OR ILLITERATE LIKE ALL ZOMB.IES WILL BELIEVE THIS LIE YOU HAVE TOLD.

IN MAY 1999 WHEN OBASANJO WAS ELECTED PRESIDENT
THE COST OF A BARREL OF CRUDE OIL HAD DROPPED FROM ALMOST 100 DOLLARS TO A MERE 9 DOLLARS AND THE OUT GOING HEAD OF STATE GEN. SALAMI LEFT ONLY 3 BILLION USED IN THE FOREIGN RESERVE BUT OBJ SET OUT TO WORK AND NIGERIANS HAD NOTHING TO COMPLAIN ABOUT INFACT HE PAID OFF MOST OF THE DEBT EVENTUALLY.

BUT BUHARI WHO IS EVEN MORE FORTUNATE THAN OBJ AS HE MET THE OIL PRICE ABOVE 30 DOLLARS PER BARREL AND HAD OVER 30 BILLION DOLLARS IN THE FOREIGN RESERVE YET DUE TO SHEAR DULLNESS THE LOT OF NIGERIANS HAVE BEEN MORTGAGED TO FAILING EXPERIMENTS AND EXCUSES.

YOU BEST TELL YOURSELVES THE TRUTH.[/b][/size]

1 Like 1 Share

Re: Nigeria’s Economy Shrinks, Recession Imminent by AntiWailer: 4:01pm 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.

1 Like

Re: Nigeria’s Economy Shrinks, Recession Imminent by AntiWailer: 4:03pm On May 21, 2016
calaway:


[size=15pt]ONLY THE IGNORANT OR ILLITERATE LIKE ALL ZOMB.IES WILL BELIEVE THIS LIE YOU HAVE TOLD.

IN MAY 1999 WHEN OBASANJO WAS ELECTED PRESIDENT
THE COST OF A BARREL OF CRUDE OIL HAD DROPPED FROM ALMOST 100 DOLLARS TO A MERE 9 DOLLARS AND THE OUT GOING HEAD OF STATE GEN. SALAMI LEFT ONLY 3 BILLION USED IN THE FOREIGN RESERVE BUT OBJ SET OUT TO WORK AND NIGERIANS HAD NOTHING TO COMPLAIN ABOUT INFACT HE PAID OFF MOST OF THE DEBT EVENTUALLY.

BUT BUHARI WHO IS EVEN MORE FORTUNATE THAN OBJ AS HE MET THE OIL PRICE ABOVE 30 DOLLARS PER BARREL AND HAD OVER 30 BILLION DOLLARS IN THE FOREIGN RESERVE YET DUE TO SHEAR DULLNESS THE LOT OF NIGERIANS HAVE BEEN MORTGAGED TO FAILING EXPERIMENTS AND EXCUSES.

YOU BEST TELL YOURSELVES THE TRUTH.[/b][/size]

No matter how bold or big. A meaningless post remains a meaningless post.

So 30 dollar in 1999 is the same now.

So Obasanjo is now a good man. It took your brother losing to Buhari before realising.

Rubbish.
Re: Nigeria’s Economy Shrinks, Recession Imminent by proprince(m): 4:03pm On May 21, 2016
Re: Nigeria’s Economy Shrinks, Recession Imminent by nkemjacob2(m): 4:07pm On May 21, 2016
Economy is shrinking cos nigerians all dis while has being voted useless leaders who has no vision order than looting.
Re: Nigeria’s Economy Shrinks, Recession Imminent by calaway: 4:15pm On May 21, 2016
AntiWailer:


No matter how bold or big. A meaningless post remains a meaningless post.

So 30 dollar in 1999 is the same now.

So Obasanjo is now a good man. It took your brother losing to Buhari before realising.

Rubbish.

THE US DOLLAR HAS REMAINED MOREOR LESS STABLE SINCE 1999... CRUDE OIL IS NOT SOLD IN NAIRA. EDUCATE YOURSELF AND STOP MAKING EXCUSES AT EVERY TURN... ILLITERACY IS REALLY A DISEASE

OBJ MANAGED THE SITUATION BETTER THAN BUHARI CAN PHANTHOM. THIS IS THE NAKED TRUTH... OPEN FOR ALL TO SEE AND APPRECIATE ...MY BROTHER IS NOT A POLITICIAN.

1 Like

Re: Nigeria’s Economy Shrinks, Recession Imminent by fx45(m): 4:20pm 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
Yet they're borrowing billions of dollars to fund their over-padded budget of yams. When will you ever get sense?

2 Likes 1 Share

Re: Nigeria’s Economy Shrinks, Recession Imminent by 400billionman: 4:25pm On May 21, 2016
Firefire:
Nigeria is already in full economic recession.

What is more than recessesion when you can't pay your workers? When the disposable income of the citizens is fully evaporated.

When both your GNP & GDP graph is shifting inward, and all your economic indicators are turning negative.

When the standard of living is heading south and the cost of living is becoming unbearable.

What is more than recession when your citizens are worst off than you met them just between 12 calendar month.

- Darkness in the land as no power supply for days.
- Fuel scarcity for almost 6 months


Believe me sincerely speaking it would take almost 10 years (A decade) to recover from the economic shock the administration of Buhary and Oshibajo has thrown Nigeria.

Only if this government retract their path of destruction and consult with the economic experts while we look up to the heavens for rains of blessings, before we can fully recover as a nation.



God bless the Federal Republic of Nigeria.


WE will fight Niger Delta Avengers.

Arrest Tompolo

And incarcerate Jonathan.

Sorry i forgot Okonjo Iweala, we will extradite her son.

Then our economy will improve..
Re: Nigeria’s Economy Shrinks, Recession Imminent by ajepako(f): 4:25pm 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

l am actually waiting for 'integrity and body language' to fix our economic quagmire we are swimming in...opps! sorry..l forgot lm not a zombie



Cc firefire
Ajebutter
Ajepako
Ladyexcellency

l am actually waiting for 'integrity and body language ' to fix the economic quagmire we are swimming in....opps! sorry...l forgot l'm not a zombie... grin grin grin grin

1 Like

Re: Nigeria’s Economy Shrinks, Recession Imminent by Nobody: 4:28pm 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.

So in other words you are enjoying Nigeria's current state? If your ans is yes then your hypocrisy is boundless

1 Like

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