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Nairaland Forum / Nairaland / General / Politics / Is Jonathan Or Buhari To Blame For Poor Economy? (19501 Views)
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Re: Is Jonathan Or Buhari To Blame For Poor Economy? by gbigbega: 3:08pm On Aug 15, 2016 |
Look at it this way. I have a company that is 100% functional and I have two sons (GEJ and PMB). I put the first born, GEJ in charge of my company and when I came back I was informed company has gone down by 40% leaving me with only 60%(in 5 years), I was told GEJ squandered it and allowed thieves to cart away my properties. I fired him and gave it to my second son PMB. I was also told how PMB stopped the thieves and fired the unproductive managers, how he went after many of the thieves and collected all the loots with them, how he reduced the workers benefits so that they can also feel the 40% lose in the company. I came back to take stock but was amazed that my company as gone down another 40% (in just one year) leaving me with only 20%. I am left confused because the company strive better under GEJ (at least it took 5 years to get a 40% low). I am beginning to think that the people feeding me the information are exalting PMB and putting down GEJ because obviously the result are not correlating with their claims. Tell me how can the one who have stopped the looting, collected the stolen funds, stop the revenue leakage by removing subsidy, increase tax etc. How can he be complaining when he has all this multiple income. Please watch Former CBN governor (Sanusi Lamido) town hall meetings here https://www.youtube.com/watch?v=t7QDjzTTrag. GEJ's used almost all the money he got from the high crude oil price to pay for subsidy, to alleviate the sufferings of the people. PMB removed the alleviation and yet we are still in a mess. 4 Likes 3 Shares |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by vislabraye(m): 3:10pm On Aug 15, 2016 |
juman: No mind them. A man used12 years of his life to campaign for presidency. He's now president and he is surprised. 3 Likes |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by LordNislaz(m): 3:11pm On Aug 15, 2016 |
MadCow1: Guy, stop talking about menstruation. Are you crazy? 2 Likes |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by vislabraye(m): 3:13pm On Aug 15, 2016 |
gbigbega: I like your illustration. A good leader accepts responsibility. 2 Likes |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by MadCow1: 3:19pm On Aug 15, 2016 |
LordNislaz: Point of Correction. I am Mad, not Crazy.. Secondly, short of calling her a duumb, reetarded, Hydroceph, Sarah Palin look-alike, disease infested cuunt, which wouldnt be far from the truth, I gave her the benefit of doubt by attributing her reetardedness to PMS which is a medically diagnosed disorder that happens in some woman where they become irrational, illogical and very badly behaved when they are on their menstural cycle. Mensuration is a natural occurrence, but PMS biitches is what I can't stand. |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by plaetton: 3:20pm On Aug 15, 2016 |
May I remind everyone once again that OBJ inherited $3b in reserves, oil price in the teens, $38b in external DEBT, a highly corrupted and polarized military, and a politically and ethnically polarized nation in 1999. What did he do? He quickly assembled the best brains he could summon, not his cousins and in-laws, and went to work to lay the foundations for the economic reversals and growth that we sustained til 2015. Did OBJ make many mistakes? Sure he did. That comes with the territory. Yaradua and GEJ continued with the foundations that OBJ laid and set Nigeria on an economic trajectory never in a generation. No country foresaw the collapse of oil. During the GEJ era, States fought for more money from the federation account, and spent more. GEJ spent good money on notable CAPITAL projects, education, agriculture, power, rail etc. To look back and say that he should have kept the money instead of investing in capital projects is very dumb and disingenuous. This government is a bundle of contradictions. Even Kemi Adeosun had earlier lamented that country's debt to GDP ratio was too low, because, she asserted, the previous government didn't borrow enough. One moment you blame the previous government for not borrowing enough to fund capital projects, then with the other side of your mouth you blame them for not saving enough. For Pete's sake, they saved $30b, funded the beggarly State governments, and still shied away from excessive borrowing. Should I remind everyone again that same governors who are now in this present government sued the federal government under GEJ to stop from establishing a sovereign wealth fund ? Have we forgotten so soon? Besides all these, had Buhari and his APC known that oil revenues were going to be this bad, what would they have done in hindsight? Abstain from contesting the 2015 elections for fear of being saddled with the enormous RESPONSIBILITIES ? Leadership 101: TAKE FULL RESPONSIBILITY. DAAHHHH!! 13 Likes 3 Shares |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by ooshinibos: 3:25pm On Aug 15, 2016 |
both of them |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by tno4real(m): 3:36pm On Aug 15, 2016 |
I blame OBJ and GEJ |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by chelseajoy: 3:37pm On Aug 15, 2016 |
juman:and in one year, u think dis problem can b fixed? think well |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by Miles300: 3:45pm On Aug 15, 2016 |
Under GEJ Nigeria economy was the largest in Africa , we forget that so soon , yes his administration was corrupt so is this current administration .. There was a global drop in oil prices that affected every oil producing nation as well so this is an external factor .. However if GEJ was still in power they would have mange it very well, u will agree with me that there was not a sharp rise in the exchange rate as we are seein today .. It was on a slow rise compare to this administration ..GEJ did not save , GEJ did not diversify but yet we neglect those little thing that can do damage to the economy .. Buhari came to power last year without a plan , there was no economic direction , no fiscal policy in place , he restricted sales and transactions in fx cos he wanted to fight corruption, why would he restrict fx when we have the bvn to checkmate money laundry,which investor will come and invest when he can't av acess to fx not to talk of sending out offshores, avnt we heard of companies and airlines leaving the country ,for months there was no govt in place couple with the volatile state of global economy , he was busy looking for texhnocrat travelin up and down and u think modern day economy waits for anyone .. ? Imagine America without a govt for days and see how it's economy will suffer or huge losses in Wall Street ... yes our economy was failin gradually Buhari would have hit the ground runnin after resuming office but he felt governace was like in the 80s 2 Likes |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by holaralph(m): 3:46pm On Aug 15, 2016 |
gurunlocker:@ gurunlocker you just shot yourself in the foot, you said as at june 2014 when GEJ WAS STILL RULING the crude oil price was 40 dollars, where as, at may 2014 the crude price was hovering at 103.09 dollars and it spiked up to 105.54 dollars in June 2014, and here you are talking balderdash about what you know nothing about........... so get your fact straight before you start spewing non facts. AM A FOREX TRADER AND I TRADE CRUDE OIL AND SILVER ON A DAILY BASIS SO DONT MISLEAD US HERE PLEASE............ CHECK THIS SITE FOR PROPER INFORMATION http://www.macrotrends.net/1369/crude-oil-price-history-chart |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by Nobody: 3:52pm On Aug 15, 2016 |
My job right now is not to decide who is bad or worst but to develop myself so that when I get to that seat, I will do better than both of them |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by Nobody: 3:55pm On Aug 15, 2016 |
junketer:Now explain how an import dependent economy which export only one product is the best economy in Africa. |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by olusogo: 3:56pm On Aug 15, 2016 |
Shortyy: Under GEJ the price of crude oil rose to over $150 per barrel and Nigeria was producing over 2.2 Million barrel a day. Under the present government the price is found less than $45 per barrel with production of about a 1 Million. You can calculate what the is accrued to the government. Remember we were once told that 70% of our revenue goes for recurrent expenditure under GEJ. PMB says wait, I do not want to run a mono-economy and he is planning towards diversification. Instead of keeping praying for Nigeria and support this giant stride some educated illiterates who do not understand how economy runs and the politicians who are losing their positions come everywhere to spread hatred of this government to the unaware populace. We are strongly behind this government as long as found sincere and focus. 1 Like |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by ochuciano(m): 3:58pm On Aug 15, 2016 |
pippimp: You just killed it. We all are to be blame 1 Like |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by sunnyside16(m): 3:59pm On Aug 15, 2016 |
Idiots blaming GEJ after 1year and 2months. APC wanted power and got power. In 1year they have technically and fantastically ruined our economy. Nigeria for the second time experiencing recession under Buhari. As corrupt as Abacha was we never experienced this level of hardship. 2 Likes |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by Yahayamoses(m): 4:02pm On Aug 15, 2016 |
Oche211:. Is only d truth dat cn help us. Gej tried to saved d country 4rm dis mess by saving but dis present administratn used ameachi n oshiomele to figt him nt 2 save. He also tried to eliminate bk haram bt dis present govt wrote series upon series of petition to icc dat dy wer kilin innocent city dat it ws a war against d northerner. PMB used his mouth to said, he wil crush militant like bk haram, u knw wat happen afta dat. Who ar d pple in PMB cabinet dat has economic idea to change dis country. D figt again coruptn is one side so coruptn stil continue dat is while buget padin is nt a crime acordin to d pple u trust n dose who looted their state. Wat do dem put in place to improve d economy? Is there any govmt dat does nt face economy crises? Why ar d complainin? I wil stop 4 nw 1 Like |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by Yahayamoses(m): 4:12pm On Aug 15, 2016 |
olusogo:. My dear, ur hatred too much. Why cn't u c any tin wrng in dis administratn. Is dat hw dy wil continue to lie to u 2 believ, ar dy nt aware of it b4 dy wen there dat it is sale 4 $47 per barel wen Gej also in office? Pple ar diein n u stil come here to blame d past. Wat wil dy do to take dis country 4ward is wat dy shld tink of please 1 Like |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by MrPresident1: 4:14pm On Aug 15, 2016 |
Obasanjo sold oil for as low as 15 Dollars/barrel at a time, at another time in 2003 oil was 26 Dollars/barrel, yet our economy did not enter recession. Buhari and his handlers are FORCING poverty on Nigerians, and it is VERY VERY deliberate! I am coming from the spiritual angle, Negros, Nigerians are a devolved people, they are only meant to be eaters for a particular period because the polarity of the sun as it is presently is very very strange, this polarity does not power the black man, rather it weakens the intelligence of the blackman. True Israel, Negros and all black people are only meant to be EATERS at this period of strange polarity of the sun. Very soon the polarity of the sun will be corrected forever, and the TRUTH will become apparent to the whole world. We are meant to be fed at the period of our devolution by the people that the world was handed over to not to be impoverished, not to be enslaved, we are meant to be cared for not to be punished, but now we are being purnished! And THE MOST HIGH will NEVER TAKE IT! Despite our huge natural resources, we can not harness raw materials and convert into finished products, we cannot build refineries, we cannot exploit our gold or silver or diamonds until oyinbo (whom God has only given the world to for only a very very short time) comes to help us. This is why we import everything under the sun! We are meant to be eaters until our redemption comes! And we take over the world again! Revelation 12:6 And the woman fled into the wilderness, where she hath a place prepared of God, that they should feed her there a thousand two hundred and threescore days. Pharaoh, you can never enslave the one the Most High calls free, YOU CAN NEVER DO IT! This wickedness on my people WILL BE FULLY REQUITED AND RECOMPENSED, IT IS THE INFALLIBLE PROMISE OF THE MOST HIGH GOD! Malachi 4:3 And ye shall tread down the wicked; for they shall be ashes under the soles of your feet in the day that I shall do this, saith the Lord of hosts. |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by benMan: 4:17pm On Aug 15, 2016 |
until we forget our political differences shun our ethnic different stop blaming both past government (since independence) and present government and we collectively join hands in prayer for this our dear Nation Nigeria. left to me... we cant blame anybody or anyone All this land needs is DELIVERANCE from all forces fighting us both locally, internally and externally |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by AK481(m): 4:21pm On Aug 15, 2016 |
MadCow1: http://www.channelstv.com/2012/03/27/excess-crude-accountfg-asks-state-governors-for-out-of-court-settlement/ http://logbaby.com/news/governors-seek-to-stop-sovereign-wealth-fund_7965.html#.V7HbDk0rJdg dont you ever mention jonathan inability to save as an excues,blame amaechi and fashola for stoping FG from saving via the court. being a law abiding president,he has obey court order. 1 Like |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by elkon(m): 4:22pm On Aug 15, 2016 |
hmmm who should I blame.. I'm speechless. . Nigeria is in big mess.. now high rate of criminal record is higher.. but what I don't understand is where is he keeping the loots he recovered from the monster politicians. because am feed up of hearing dt so so billion dollar was recovered from so so person. . hmm |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by AK481(m): 4:23pm On Aug 15, 2016 |
Yahayamoses:http://logbaby.com/news/governors-seek-to-stop-sovereign-wealth-fund_7965.html#.V7HbDk0rJdg http://www.channelstv.com/2012/03/27/excess-crude-accountfg-asks-state-governors-for-out-of-court-settlement/ show them this evidence 1 Like |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by bukason212(m): 4:24pm On Aug 15, 2016 |
The past and present administration are both to be blamed. But more especially this present administration because they lack the expertise needed to handle this economic situation. |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by olusogo: 4:28pm On Aug 15, 2016 |
Yahayamoses: Bros, I do not hate the past administration but I can not absolve them of the problem we found ourselves now. Economy is not run in a year, it as a present resources as a result of past event. If the past event is bad the present condition will be worse. So GEJ had sown for PMB to reap. But I have confidence that PMB is in a right direction if we can be patient. Thank you, be patient and persevere. |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by bigdoo: 4:36pm On Aug 15, 2016 |
Is this supposed to be a question or what? Who is in charge now and who has been in charge for the past more than one year? This is the dumbest question I have ever heard of. 1 Like |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by habbyy03: 4:45pm On Aug 15, 2016 |
May God punish you Buhari 1 Like |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by rockyh(m): 4:46pm On Aug 15, 2016 |
Oche211:In ur perspective u think Jonathan made dollars increase, dear pmb has a problem of bn a dictator in a democratic clothing most of the problems we are facing now is as a result of his stubbornness to listen to experts instead he prefers his style n when reality keeps knocking he goes for the rejected option just to seem like his listening if I may ask what happened to the recovered money from past government also what policies are set to combat the recession we are into just nothing. If u ask me Buhari is just a siddion da look president with no economic idea in his cabinet 1 Like |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by willibounce1(m): 5:32pm On Aug 15, 2016 |
Buhari is currently the president of the country so he takes all the phucking blame. If things were going well in the country, he will take the glory. Whatever GEJ did is old school. The current president should fix the problem and if he can't, he should resign. 1 Like |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by nnaemekanwachuk(m): 6:21pm On Aug 15, 2016 |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by Henrypraise: 6:31pm On Aug 15, 2016 |
Oche211: who requested n fought for the money we all saved to be shared? I am lost why we ar shouting gej cudnt save. 1 Like |
Re: Is Jonathan Or Buhari To Blame For Poor Economy? by Omooba77: 6:52pm On Aug 15, 2016 |
olusogo: if you still have money to buy data by then,God help Nigeria. |
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