₦airaland Forum

sheyguy:
Stop combining irrelevant fact with lies. Those govts had lots of reserve fund to fall back to. Our present situation is such that the reccurent expenditure has been bloated more than 60% from the time of Yar' adua. Stop making this APC vs PDP. It will help your thinking alot.
The last admin left a declining economy and did with a clear warning.

And the current one threatened citizens to either vote for them or blood will flow, cos they will give us better life. So why should we focus our anger anywhere than on the current leadership?

fact remains that life is worse off than it was over a year ago.

fact remains that FDI has dropped by over 60% due to bad policy decisions made by this regime

fact remains that 4.5m jobs have been lost in the space of one year as a result of the ineptitude/slow pace of this regime

fact remains that this regime has nepotism as its development agenda

fact remains that this regime is selective in its anti-corruption drama

fact remains that there is still heavy corruption prevalent in the system

fact remains that you need to take responsibility & buckle up. time waits for no man.

when things are moving well, we would gladly listen to the blames since we would be able to spot the difference.

Lobatan01:
Why was the PDP voted out last year, if not because most Nigerians were already angry with it?

All these arrogant talks from these silly media folks won't solve any problems. Let them agree the APC was more interested in taking over power than knowing what to do with it.

And the economy that was on a steady dangerous decline for sixteen years (got far worse in the five years of GEJ) can be fixed in a year of plunged earnings?

Too many kids incapable of logical reasoning are on this forum I swear!

sheyguy:
Stop combining irrelevant fact with lies. Those govts had lots of reserve fund to fall back to. Our present situation is such that the reccurent expenditure has been bloated more than 60% from the time of Yar' adua. Stop making this APC vs PDP. It will help your thinking alot.
The last admin left a declining economy and did with a clear warning.

Even if the last administration left a declining economy, what is this govt supposed to do? To continue to allow it to decline? Are they not supposed to fix whatever is wrong with the economy as they promised? But the reality is that the declining, as u called it, is far worse now than in the last administration. What a govt of 'CHANGE' shld do is to solve the problem and not to keep complaining. A bad workman, they say, blames his tools. Nigerians are not as interested in what the last govt did as they are in what this present govt is doing to improve their lives...

Nigerians directed their anger to the right quarters when they voted out pdp and voted APC.


So where is the change?

sheyguy:
100% right. Direct your anger towards a system that takes excess petrodollar and uses it to subsidize the Dollar-Naira exchange rate. What we have today is that subsidy becoming unsustainable due to petrodollar disappearance. I blame it on successive govt, CBN governors, state governors and lawmakers who maintained that evil subsidy. Let the Naira fall to its true value, it will encourage production as exported goods will command higher Naira equivalent.

After 2 years, all your stvpid government does is to blame the past administration. You should all be ashamed of yourselves.

It is very appalling that this very regime think it'll keep thriving the pathway of propaganda,every Tom,Dick and Harry knows that PMB is lost. The more they try to launder the already soiled image of this administration, the more they make the noose on their necks tighter.
We haven't forgotten that prior to this time, they left the economy of the nation unattended to and on auto-pilot,took 6 months before they could appoint the near-failures in the name of ministers while shouting the wait is worth it,talked big time about a revisit to diversification via agriculture but is spending money to see oil is discovered in the Chad basin. The time they were taking accolades with body language brouhaha, we have also forgotten. They'll ban foreign rice but will not put measures on ground to ensure enough of the local ones,agric this, agric that;when the price of animal feeds has skyrocketed,forgeting we import many of the needed implements for agriculture. An egg costs #40.00,Mrs Parody denying her statements. We blame them not,after all they're our uncles and from our tribe,let them rule us to doom instead of losing the office to another tribe. 'TRIBALISM' ,the bane of Mr Blackman

DropShot:
And the economy that was on a steady dangerous decline for sixteen years (got far worse in the five years of GEJ) can be fixed in a year of plunged earnings?

Too many kids incapable of logical reasoning are on this forum I swear!

You folks are too arrogant on his forum I swear.

Was it GEJ that prevented PMB from having a cabinet and an economic team in place ASAP? Was it GEJ that created the new agitation Inn the ND that has negatively impacted on our oil output?

There's no absolving PMB in all this mess.

basilo101:
I still find it funny that most people don't know why Nigeria economy went into recession, they love the incompetent lies of Lai Mohammed about the past government ruining everything. It's also myopic to think that if Jonathan were to still be in power, we would be worse off.

The truth about Nigeria's recession is this; it was caused by the president's unguided rhetoric and uncultured body language.

Firstly, there is nothing we are buying today that we weren't buying 5 years ago, therefore it's not our purchase that put pressure on Naira but withdrawal of funds by foreign investors.

After the election, the president created instability with his unguided statements about how everyone is corrupt and how everyone is going to jail. The instability made foreign investors to liquidate their investment and change their money to dollars. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate.

Even though some of them were not ready to run away, but want their money in dollars to save their investments from devaluation, the president gave a bad signal by banning deposit of foreign currency into dormiciliary accounts. That was enough for free market believers to see the draconian handwriting on the wall, that was the beginning of dollar rush.

To make matters worse, the president came up with another outrageous policy of rationing dollar to certain sectors and blocking many sectors out. That was the nail in the coffin which facilitated the emergence of free FALL.

In the end, foreign investors took over $80B out of the economy within a short period and everything went down to free fall.

To those who believe it will be worse if Jonathan is still there, you are all wrong. Policy continuity and political stability will not let billions of dollars leave our shores within such tiny time frame. Even though the government might have income shortage, the private sector will weather the storm by their confidence in the market.

The fear of the unknown created by PMB is responsible for the economic downturn not low oil price. Interest rate in America is currently at 0.5% while it is 12% in Nigeria. JP Morgan Chase will not mind borrowing $50 billion from Feds at 0.5 and put in Nigeria for return of %2000 profit. Citi bank will do the same, likewise US Bank Corp. Chase gave Buhari warning about the repercussions of his fixing policy before they pulled out, but his illiterate cyber warriors and misseducated e-soldiers said JPMORGAN can go to hell, they no longer believe in economic metrics since their messiah is in charge. Funny enough they are all suffering today because of the stupid policy, but they find relief by blaming it on past administration and Gucci appetite of average Nigerians.

For your information, if your president "kontunu" with his unguided rhetoric, Naira will go down to N1000/1 $. But we thank God, he is no longer talking.


Source: Facebook post

You ve said everything. The preaching is for all and sundry

sheyguy:
Dollar was on a free fall already. As at March 28 2015 it sold for N225/$+, the govt was borrowing to pay salaries while owing marketters. The indice were already going down. Stop arguing with irrelevant facts and lies.

U don't know anything. There is no govt that doesn't borrow to completes it's annual budget; but how much was borrowed that's d question. Ur APC is already borrowing trillions and still looking at more borrowing plans. Is Lagos nt the most indebted state in Nigeria after all its revenue. Okonjo iweala paid marketers b4 she stepped down. U say dollar was at free fall when and where? Wen u judging please be rational and judge b4 March 28 wen elections were held cos from then to May 29. Is a transitional phase; so the market would be on a standstill a bit to see what the new govt will bring on board. U really know nofn about anything.

Just enjoy Ur change and don't quote me again.

Lobatan01:
You folks are too arrogant on his forum I swear.

Was it GEJ that prevented PMB from having a cabinet and an economic team in place ASAP? Was it GEJ that created the new agitation Inn the ND that has negatively impacted on our oil output?

There's no absolving PMB in all this mess.

The Ineffectual Buffoon has been revealed as a sponsor of ND scAvengers!

DropShot:
The Ineffectual Buffoon has been revealed as a sponsor of ND scAvengers!

Good morning.

Lobatan01:
Good morning.

Good morning!

basilo101:
I still find it funny that most people don't know why Nigeria economy went into recession, they love the incompetent lies of Lai Mohammed about the past government ruining everything. It's also myopic to think that if Jonathan were to still be in power, we would be worse off.

The truth about Nigeria's recession is this; it was caused by the president's unguided rhetoric and uncultured body language.

Firstly, there is nothing we are buying today that we weren't buying 5 years ago, therefore it's not our purchase that put pressure on Naira but withdrawal of funds by foreign investors.

After the election, the president created instability with his unguided statements about how everyone is corrupt and how everyone is going to jail. The instability made foreign investors to liquidate their investment and change their money to dollars. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate.

Even though some of them were not ready to run away, but want their money in dollars to save their investments from devaluation, the president gave a bad signal by banning deposit of foreign currency into dormiciliary accounts. That was enough for free market believers to see the draconian handwriting on the wall, that was the beginning of dollar rush.

To make matters worse, the president came up with another outrageous policy of rationing dollar to certain sectors and blocking many sectors out. That was the nail in the coffin which facilitated the emergence of free FALL.

In the end, foreign investors took over $80B out of the economy within a short period and everything went down to free fall.

To those who believe it will be worse if Jonathan is still there, you are all wrong. Policy continuity and political stability will not let billions of dollars leave our shores within such tiny time frame. Even though the government might have income shortage, the private sector will weather the storm by their confidence in the market.

The fear of the unknown created by PMB is responsible for the economic downturn not low oil price. Interest rate in America is currently at 0.5% while it is 12% in Nigeria. JP Morgan Chase will not mind borrowing $50 billion from Feds at 0.5 and put in Nigeria for return of %2000 profit. Citi bank will do the same, likewise US Bank Corp. Chase gave Buhari warning about the repercussions of his fixing policy before they pulled out, but his illiterate cyber warriors and misseducated e-soldiers said JPMORGAN can go to hell, they no longer believe in economic metrics since their messiah is in charge. Funny enough they are all suffering today because of the stupid policy, but they find relief by blaming it on past administration and Gucci appetite of average Nigerians.

For your information, if your president "kontunu" with his unguided rhetoric, Naira will go down to N1000/1 $. But we thank God, he is no longer talking.

Good, very good.

If i should direct my anger to the right quarters, both you and Bubu would be flown out of this country on emergency chopper....

sheyguy:
100% right. Direct your anger towards a system that takes excess petrodollar and uses it to subsidize the Dollar-Naira exchange rate. What we have today is that subsidy becoming unsustainable due to petrodollar disappearance. I blame it on successive govt, CBN governors, state governors and lawmakers who maintained that evil subsidy. Let the Naira fall to its true value, it will encourage production as exported goods will command higher Naira equivalent.

but the then ACN and a certain Gen Buhari resisted the past govt's effort to remove subsidy

People ate thier cake and still expect to have it..... that's just the bitter truth!!!

basilo101:
I still find it funny that most people don't know why Nigeria economy went into recession, they love the incompetent lies of Lai Mohammed about the past government ruining everything. It's also myopic to think that if Jonathan were to still be in power, we would be worse off.

The truth about Nigeria's recession is this; it was caused by the president's unguided rhetoric and uncultured body language.

Firstly, there is nothing we are buying today that we weren't buying 5 years ago, therefore it's not our purchase that put pressure on Naira but withdrawal of funds by foreign investors.

After the election, the president created instability with his unguided statements about how everyone is corrupt and how everyone is going to jail. The instability made foreign investors to liquidate their investment and change their money to dollars. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate.

Even though some of them were not ready to run away, but want their money in dollars to save their investments from devaluation, the president gave a bad signal by banning deposit of foreign currency into dormiciliary accounts. That was enough for free market believers to see the draconian handwriting on the wall, that was the beginning of dollar rush.

To make matters worse, the president came up with another outrageous policy of rationing dollar to certain sectors and blocking many sectors out. That was the nail in the coffin which facilitated the emergence of free FALL.

In the end, foreign investors took over $80B out of the economy within a short period and everything went down to free fall.

To those who believe it will be worse if Jonathan is still there, you are all wrong. Policy continuity and political stability will not let billions of dollars leave our shores within such tiny time frame. Even though the government might have income shortage, the private sector will weather the storm by their confidence in the market.

The fear of the unknown created by PMB is responsible for the economic downturn not low oil price. Interest rate in America is currently at 0.5% while it is 12% in Nigeria. JP Morgan Chase will not mind borrowing $50 billion from Feds at 0.5 and put in Nigeria for return of %2000 profit. Citi bank will do the same, likewise US Bank Corp. Chase gave Buhari warning about the repercussions of his fixing policy before they pulled out, but his illiterate cyber warriors and misseducated e-soldiers said JPMORGAN can go to hell, they no longer believe in economic metrics since their messiah is in charge. Funny enough they are all suffering today because of the stupid policy, but they find relief by blaming it on past administration and Gucci appetite of average Nigerians.

For your information, if your president "kontunu" with his unguided rhetoric, Naira will go down to N1000/1 $. But we thank God, he is no longer talking.


Source: Facebook post

Its been a long time a post made me stand up in ovation due to the wisdom exhibited.

Sir I'll even add a prayer in your own case. God will continue to bless you abundantly. Even before you seek his favour you will have people climbing over themselves to provide for you.

God bless you for this

clefstone:
but the then ACN and a certain Gen Buhari resisted the past govt's effort to remove subsidy

Even the devil himself fears the hypocrisy of the APC

It's a shame to observe that we Nigerians have perfected the ostrich act of hiding its head in d sands hoping a problem will just go away. Any leader dat d current nigerian political system throws up will fumble. I think Buhari is a different thinker to the kind of disappointments we've unfortunately had as leaders. Lets fix d system. Buhari's ability to carry out the cleansing of this Augean Stable our land has become is still to be seen, regrettably!

We have short memories..... we only remember ur party telling us $1= N1..... stop leaving in the pass, u unqualify junkie

sheyguy:
100% right. Direct your anger towards a system that takes excess petrodollar and uses it to subsidize the Dollar-Naira exchange rate. What we have today is that subsidy becoming unsustainable due to petrodollar disappearance. I blame it on successive govt, CBN governors, state governors and lawmakers who maintained that evil subsidy. Let the Naira fall to its true value, it will encourage production as exported goods will command higher Naira equivalent.

are you telling me that the naira was also subsidized from may last year to January this year? Because I know the naira was stable in this period I mentioned it was only when Buhari start making some economic polices that this problem start.
You can show us proves and stop making unnecessary comments just to cover up buhari's incompetency

SMH

And this bastard is still blaming GEJ

ivandragon:
fact remains that life is worse off than it was over a year ago.

fact remains that FDI has dropped by over 60% due to bad policy decisions made by this regime

fact remains that 4.5m jobs have been lost in the space of one year as a result of the ineptitude/slow pace of this regime

fact remains that this regime has nepotism as its development agenda

fact remains that this regime is selective in its anti-corruption drama

fact remains that there is still heavy corruption prevalent in the system

fact remains that you need to take responsibility & buckle up. time waits for no man.

when things are moving well, we would gladly listen to the blames since we would be able to spot the difference.

Exactly.
Even with their eyes wide open they still can't see.

they have started the blame game again

we don tire

APC made many promises because to them it's not rocket science to turn the economy around

agreed the economy was not doing very good but at least if u can't fix something don't make it worse

we want a new party. not old wines in new sac

we want new minds, people who have something to offer not those who would keep blaming the past

sheyguy:
Please let's separate politics and reality. It will help tone down the lies.
Stop calling an economy sustained on debt and unpredictable crude oil earning buoyant . We all know how the last govt borrowed heavily and left the economy in a steep decline. This is evident in Ngozi's warning of doom and hardship.

We all know? Like seriously?
These nonsense and stupid should be stopped!

If we are to blame past governments, Buhari and Obj will take the highest share of the blames!
They have ruled this nation both as military presidents and civilian presidents!

Buhari is simply overwhelmed and too old in the mind to tackle the challenges of this nation!

DropShot:
The Ineffectual Buffoon has been revealed as a sponsor of ND scAvengers!

Revealed? Smh.

basilo101:
I still find it funny that most people don't know why Nigeria economy went into recession, they love the incompetent lies of Lai Mohammed about the past government ruining everything. It's also myopic to think that if Jonathan were to still be in power, we would be worse off.

The truth about Nigeria's recession is this; it was caused by the president's unguided rhetoric and uncultured body language.

Firstly, there is nothing we are buying today that we weren't buying 5 years ago, therefore it's not our purchase that put pressure on Naira but withdrawal of funds by foreign investors.

After the election, the president created instability with his unguided statements about how everyone is corrupt and how everyone is going to jail. The instability made foreign investors to liquidate their investment and change their money to dollars. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate.

Even though some of them were not ready to run away, but want their money in dollars to save their investments from devaluation, the president gave a bad signal by banning deposit of foreign currency into dormiciliary accounts. That was enough for free market believers to see the draconian handwriting on the wall, that was the beginning of dollar rush.

To make matters worse, the president came up with another outrageous policy of rationing dollar to certain sectors and blocking many sectors out. That was the nail in the coffin which facilitated the emergence of free FALL.

In the end, foreign investors took over $80B out of the economy within a short period and everything went down to free fall.

To those who believe it will be worse if Jonathan is still there, you are all wrong. Policy continuity and political stability will not let billions of dollars leave our shores within such tiny time frame. Even though the government might have income shortage, the private sector will weather the storm by their confidence in the market.

The fear of the unknown created by PMB is responsible for the economic downturn not low oil price. Interest rate in America is currently at 0.5% while it is 12% in Nigeria. JP Morgan Chase will not mind borrowing $50 billion from Feds at 0.5 and put in Nigeria for return of %2000 profit. Citi bank will do the same, likewise US Bank Corp. Chase gave Buhari warning about the repercussions of his fixing policy before they pulled out, but his illiterate cyber warriors and misseducated e-soldiers said JPMORGAN can go to hell, they no longer believe in economic metrics since their messiah is in charge. Funny enough they are all suffering today because of the stupid policy, but they find relief by blaming it on past administration and Gucci appetite of average Nigerians.

For your information, if your president "kontunu" with his unguided rhetoric, Naira will go down to N1000/1 $. But we thank God, he is no longer talking.


Source: Facebook post

Very true to a large extent. The 6 months hiatus before the appointment of members the FEC and the clear lack of economic direction during this period was most damaging. It is still unclear now

Zoo man

sheyguy:
100% right. Direct your anger towards a system that takes excess petrodollar and uses it to subsidize the Dollar-Naira exchange rate. What we have today is that subsidy becoming unsustainable due to petrodollar disappearance. I blame it on successive govt, CBN governors, state governors and lawmakers who maintained that evil subsidy. Let the Naira fall to its true value, it will encourage production as exported goods will command higher Naira equivalent.

if wat he's saying is true but Obj received a worse economy compare to wat Buhari received yet he didn't blame anybody neither did he blame it on oil fall.... there was vanderlism every were yet he brought us out abit from d pit..... oil was how much den? he was able to do dat cuz he had vision n clue but wat ve we seen wit dis govt?

mrvitalis:
Lol ur economics is very bad

Have ever seen any known economics saying Buhari steps are bad?? Even NOI?? Do u know why? ?

Every known economists is saying Buhari messed up big time, Pat Utomi, Akin Osuntokun, Soludo, Sanusi, Rewane are all saying same thing, APC is a collosal error.

Pavarottii:
Don't fall to leap service to defend d hardship, u in now? The question is was the economy buoyant or not? APC has since den dstroyed the economic gains of 16years of PDP. In 2008, did the oil price not fall from about 130 to 35dollars. Did yaradua and GEJ cry like the way they r crying. Stop defending people that don't even know what they r doing.

Jonathan did not cry because a responsible government saved money for d raining day for him and wat did he do? decide to squander it without Tinkin of d future.. no PR u pple will do DAT can make us forget easily.Jonathan himself said after election if given d chance he will do tins differently.. does it not tell u d last time he didn't do tins right pls.. and DAT man ain't coming back again neither is PDP get DAT into ur thick skull. there is a time lag between policy n effect.. True Words..na we r reap d effect of Jonathan's decision just like a student who while is skool decides to use his school fees for jamboore and not go to school (jonathans era)will never blive his suffering until d day of reckoning starting from clearance period lol