₦airaland Forum

Let's talk history. Shall we.

It is a known fact that a lot of Nigerians are not finding it easy with the current recession going on in the country. Having said that, it will also be important to note that Nigeria is only experiencing a mild recession.

The United States as a country, has had 47 recessions since 1790. Please note that Nigeria is 56 years old, and in those 56 years, Nigeria is experiencing its second recession. The last one being in 1995. http://punchng.com/nigeria-faces-recession-as-gdp-shrinks/. That means that for every 56 years, Nigeria has had 2 recessions against USA's 11 recessions on an average https://en.m.wikipedia.org/wiki/List_of_recessions_in_the_United_States.That being said, let us come back to the subject at hand.

The current recession is not Buhari's fault although it is his fault that the recession has reached the stage it has reached. If he had not implemented unfriendly policies at the WRONG time, the recession would have been milder than it is.

A lot of Nigerians employ a bad attitude toward Buhari's government. Some have gone as far as faulting him for both of the recessions - the past one and the ongoing one. For the same of clarity, the last recession happened in 1995 as earlier stated and the present recession is also not his fault, but it's his fault though that the recession is at the stage it is https://en.m.wikipedia.org/wiki/List_of_heads_of_state_of_Nigeria.

So it is on us Nigerians to put all hands on deck and take the bull by the balls before the current situation excalade into the likes of the legendary Great depression that happened in USA and subsequently affected the world. https://en.m.wikipedia.org/wiki/Great_Depression

Have a lovely day people.

The problems with our Economy was inherited.

The problem is that Nigerians are not patient at all,and instead of waiting for this Government to fix,an inherited troubled economy from Jonathan,they are busy trying to pull him down.

The current recession is not Buhari's fault although it is his fault that the recession has reached the stage it has reached. If he had not implemented unfriendly policies at the WRONG time, the recession would have been milder than it is.

You're confused, young man

hunger is so much that so many afonjas are confuse on what and whom to support

What recession is to united states is what a manageable economy is to nigeria

Treyson:
Let's talk history. Shall we.

It is a known fact that a lot of Nigerians are not finding it easy with the current recession going on in the country. Having said that, it will also be important to note that Nigeria is only experiencing a mild recession.

The United States as a country, has had 47 recessions since 1790. Please note that Nigeria is 56 years old, and in those 56 years, Nigeria is experiencing its second recession. The last one being in 1995. http://punchng.com/nigeria-faces-recession-as-gdp-shrinks/. That means that for every 56 years, Nigeria has had 2 recessions against USA's 11 recessions on an average https://en.m.wikipedia.org/wiki/List_of_recessions_in_the_United_States.That being said, let us come back to the subject at hand.

The current recession is not Buhari's fault although it is his fault that the recession has reached the stage it has reached. If he had not implemented unfriendly policies at the WRONG time, the recession would have been milder than it is.

A lot of Nigerians employ a bad attitude toward Buhari's government. Some have gone as far as faulting him for both of the recessions - the past one and the ongoing one. For the same of clarity, the last recession happened in 1995 as earlier stated and the present recession is also not his fault, but it's his fault though that the recession is at the stage it is https://en.m.wikipedia.org/wiki/List_of_heads_of_state_of_Nigeria.

So it is on us Nigerians to put all hands on deck and take the bull by the balls before the current situation excalade into the likes of the legendary Great depression that happened in USA and subsequently affected the world. https://en.m.wikipedia.org/wiki/Great_Depression

Have a lovely day people.

how much dem pay u

OP, you own suffering eh, look at your spelling, Nigerians not Nigeriaians.

drss2:
how much dem pay u

Probably not much, because he failed to make any reasonable points for his masters

No its Nigerians fault because Nigerians are useless, Nigerians are senseless, Nigerians are indisciplined. War against Indiscipline is what the dullar.d feels we need now.

hucienda:
@OP, President FDR came in the midst of the Great Depression - and pulled millions of Americans out of it with effective leadership starting with his flagship, The New Deal.

He was a great democrat president following in the steps of a great republican president 70 years before, Lincoln.

Buhari came at the start of a recession - and his job on the saddle so far has exposed him as grossly incompetent. He is delving the country deeper into recession like President Hoover. We await hopefully an FDR to takeover from Buhari to help clean up this mess.

So if you keep deceiving yourself that your 'saviour' Buhari is not to blame, then blame me.

Buhari remains a fake and always a fake. Fake bravery, fake WAEC, fight against corruption, fake war against I discipline, fake wife, fake everything.

Treyson:
Let's talk history. Shall we.

It is a known fact that a lot of Nigerians are not finding it easy with the current recession going on in the country. Having said that, it will also be important to note that Nigeria is only experiencing a mild recession.

The United States as a country, has had 47 recessions since 1790. Please note that Nigeria is 56 years old, and in those 56 years, Nigeria is experiencing its second recession. The last one being in 1995. http://punchng.com/nigeria-faces-recession-as-gdp-shrinks/. That means that for every 56 years, Nigeria has had 2 recessions against USA's 11 recessions on an average https://en.m.wikipedia.org/wiki/List_of_recessions_in_the_United_States.That being said, let us come back to the subject at hand.

The current recession is not Buhari's fault although it is his fault that the recession has reached the stage it has reached. If he had not implemented unfriendly policies at the WRONG time, the recession would have been milder than it is.

A lot of Nigerians employ a bad attitude toward Buhari's government. Some have gone as far as faulting him for both of the recessions - the past one and the ongoing one. For the same of clarity, the last recession happened in 1995 as earlier stated and the present recession is also not his fault, but it's his fault though that the recession is at the stage it is https://en.m.wikipedia.org/wiki/List_of_heads_of_state_of_Nigeria.

So it is on us Nigerians to put all hands on deck and take the bull by the balls before the current situation excalade into the likes of the legendary Great depression that happened in USA and subsequently affected the world. https://en.m.wikipedia.org/wiki/Great_Depression

Have a lovely day people.

Ok sorry, no vex. Na me be the cause of Nigeria problems. Una no well at all

The money no reach buy a plate of jollof rice with one meat. He just bought half plate without meat.Ur mumu level dey Ultimate level for 2go. Bros, abeg try harder next time.

dunkem21:
You're confused, young man

No OP isn't. I think you are.
OP simply implied Buhari policy help escalate the reccession and not initiate it. We all know who first borrowed to pay salaries while warning us of the doomed economy ahead. Buhari has managed that doomsday so well.

Standing5:
No OP isn't. I think you are.
OP simply implied Buhari policy help escalate the reccession and not initiate it. We all know who first borrowed to pay salaries while warning us of the doomed economy ahead. Buhari has managed that doomsday so well.

So, he escalated it

dunkem21:
So, he escalated it

OP simply implied . . . Read and understand b4 spewing trash.

So if its not Buhari dats d reason then it must be u and ur family causing d hardship and suffering...Zombie

Hope the OP is normal?

Who else to blame?

The blame is on the president.

It is my fault


Oya fall down and die

Sir, the blame is squarely on Buhari.

Reasons

1. Jonathan and NOI were sincere enough to warn of the impending economic crisis and even started to borrow to pay salary, Buhari came in and instead of to get an economic team in place to give a direction to his policies, he choose instead to rule alone for 6 long months with no economic direction


Any wise investor will have to put everything on hold or even withdraw his investments

2. Afterwards, we waited for budget, meanwhile all this period, the government is still on a state of inaction for another 6 months . Their thought was that once the budget is signed, money will be released and the economy will rebounds. Unfortunately the money had already lost most of its value

3. We were running out of foreign exchange, crude prices were low and the Avengers were doing their thing. A sensible government would have conserve the reserve, but Buhari arrogantly pegged the naira in the face of damning economic reality and drained the reserve. Let's not argue about why Jonathan didn't save, let's deal with what Buhari did with what was available cos that's what FDR in United States that you quoted.

4. Unity is the best weapon to overcome any crisis, however, Buhari came and first announced the 97% vs 5% compensation plan, started the fire in Niger Delta with the amnesty issue, [/b]proceeded to wage a [b]war with the Legislature and destroy the essence of federal character with lopsided appointments with the excuse that he needed to work with people he can trust. This is a very bad precedent, tomorrow another president from Oyo State will appoint only Yoruba with the same excuse that he needs to work with people he can trust.

5. Failing to understand that Civil service corruption is much but bigger and more dangerous than public service corruption and concentrating his energy on fighting enemies.

HungerBAD:
The problems with our Economy was inherited.

The problem is that Nigerians are not patient at all,and instead of waiting for this Government to fix,an inherited troubled economy from Jonathan,they are busy trying to pull him down.

Exactly..and Buhari clearly doesn't have the vision and knowledge to steer a country in a period of recession or even boom. That's why people want him out

Standing5:
OP simply implied . . .
Read and understand b4 spewing trash.

So, OP is wrong then for implying wrongly

dunkem21:
So, OP is wrong then for implying wrongly

That's you own opinion. Don't force it on others.

ITbomb:
Sir, the blame is squarely on Buhari.

Reasons

1. Jonathan and NOI were sincere enough to warn of the impending economic crisis and even started to borrow to pay salary, Buhari came in and instead of to get an economic team in place to give a direction to his policies, he choose instead to rule alone for 6 long months with no economic direction


Any wise investor will have to put everything on hold or even withdraw his investments

2. Afterwards, we waited for budget, meanwhile all this period, the government is still on a state of inaction for another 6 months . Their thought was that once the budget is signed, money will be released and the economy will rebounds. Unfortunately the money had already lost most of its value

3. We were running out of foreign exchange, crude prices were low and the Avengers were doing their thing. A sensible government would have conserve the reserve, but Buhari arrogantly pegged the naira in the face of damning economic reality and drained the reserve. Let's not argue about why Jonathan didn't save, let's deal with what Buhari did with what was available cos that's what FDR in United States that you quoted.

4. Unity is the best weapon to overcome any crisis, however, Buhari came and first announced the 97% vs 5% compensation plan, started the fire in Niger Delta with the amnesty issue, [/b]proceeded to wage a [b]war with the Legislature and destroy the essence of federal character with lopsided appointments with the excuse that he needed to work with people he can trust. This is a very bad precedent, tomorrow another president from Oyo State will appoint only Yoruba with the same excuse that he needs to work with people he can trust.

5. Failing to understand that Civil service corruption is much but bigger and more dangerous than public service corruption and concentrating his energy on fighting enemies.

Let me add number 6 : knowing fully well that price of oil had dropped low and and reasonable leader will at such times try to maximise output and sale in other to close sales deficit but Buhari chose such a time to suspend the amnesty programme, stop the Niger delta university project, declare Tompolo wanted thereby setting fire to an already fragile situation meaning he had now added the problem of low output to the already existing low oil prices ..do you call such a leader smart?

Standing5:
That's you own opinion. Don't force it on others.

I think you are the one forcing me to believe the OP

Nigeriaians ain't suffering but Nigerians are kapish!

dunkem21:
I think you are the one forcing me to believe the OP

Why not highlight it for all? You like petty argument man. Simply point it out and make it plain.

Standing5:
That's you own opinion. Don't force it on others.

And that's exactly what you are doing

HungerBAD:
The problems with our Economy was inherited.

The problem is that Nigerians are not patient at all,and instead of waiting for this Government to fix,an inherited troubled economy from Jonathan,they are busy trying to pull him down.

Were you guys ever patient with any one? "Waiting for" which government? Are you in touch with the reality in Nigeria now? Hunger is really BAD dear.

malailayi:
What recession is to united states is what a manageable economy is to nigeria

Gbam! You spoke my mind. It's even our best and not manageable

Make una dey speak grammar there

If you don't want me to place a cursè on your father stay out of my mention or quitely switch to your other moniker dude.

SharkTank:
And that's exactly what you are doing