₦airaland Forum

the issue is not the recession itself, it is managing that recession that is the problem or better yet, managing the overall economy.

this regime simply plays to the gallery & that is why its consistently putting its foot wrong.

every country has economic challenges & depending on how an economy is managed, every country is in danger of recession.

the next thing we will be told is that we did not invest in agriculture.

yes, in the past, we neglected it but contrary to what some people will have us believe, we were rectifying that over the last 4 years...

http://www.ogtv.com.ng/nigerian-foodstuff-quantity-rises-50-on-supermarket-shelves/

this regime has a lot of work to do & it is running out of time.

rusher14:
Nigerians aren't lovers of the truth.

yeah! They're too blockheaded and enshrouded in their "self-told" lies to see the truth.

Hmm

LoveMachine:
But it makes people feel better to just blame the president and his ministers.

i guess in those countries PDP is also responsible for what they are going through too. or Gej did not save for the rainy days in those countries too? As a clueless president who knew the state of oil at the international market but chose to run the economy alone, buhari is responsible for all our problems.

IbnSultaan:
Those playing politics & saying recession is only in Nigeria, just pick up your phone now & google 'oil-exporting countries in recession'
Countries in Recession Right now:

1. Nigeria

2. Canada

3. Ecuador

4. Venezuela
5 Brazil
Russia economy in trouble also

https://mobile.facebook.com/video_redirect/?src=https%3A%2F%2Fz-p3-video-amt2-1.xx.fbcdn.net%2Fv%2Ft42.1790-2%2F14273018_513205512183276_73836586_n.mp4%3Fefg%3DeyJ2ZW5jb2RlX3RhZyI6InN2ZV9zZCJ9%26oh%3Dcf938d1088b6082442098469151e8f40%26oe%3D57D56814&source=misc&id=998277823616364&refid=17&ref=opera_speed_dial_freefb&_ft_=top_level_post_id.1297766640241684%3Atl_objid.1297766640241684%3Athid.100000250813464%3A306061129499414%3A2%3A0%3A1475305199%3A5761251607092453011&__tn__=F
The OP need to borrow a leaf from el rufai in this video. fix our economy , we are tired of your blamings

You are entitle to ur opinion

Jesus! Op u are trying to be nice with this government.

We all know that recession do occur atime which lead to meltdown on economic, but why did ur president and his cabinet keep pointing accusing finger on previous administration. Apc apologists bewarn.

IbnSultaan:
Those playing politics & saying recession is only in Nigeria, just pick up your phone now & google 'oil-exporting countries in recession'
Countries in Recession Right now:

1. Nigeria

2. Canada

3. Ecuador

4. Venezuela
5 Brazil
Russia economy in trouble also

Canada is not in a recession.
Russian economy is not in any trouble. In fact, the Russian Ruble has regained all of its losses from last year.

Venezuela's problem is unique because it runsa socialist economic system.

Sure, oil prices are affecting Brazil, but the citizens are far from hunger.

Stop trying to console yourself that because other students in your class scored an 'F' , therefore an 'F' is not so bad.
An 'F' is an 'F'.

What of saudi, kuwait,quatar,norway ,gabon, equatorial guinea, UAE and so on? Why use examples u used and not the others i mentioned.
Just like asking an ss3 student why he had 20% in an exam. And he starts tellingyou about ade with 25% and chidi with 30% and musa with 40%. He forgets about ahmed with 85% and sorepco with 100%.

IbnSultaan:
Those playing politics & saying recession is only in Nigeria, just pick up your phone now & google 'oil-exporting countries in recession'
Countries in Recession Right now:

1. Nigeria

2. Canada

3. Ecuador

4. Venezuela
5 Brazil
Russia economy in trouble also

please also list oil exporting countries that are not in recession thanks.

Typical Naija zombie displaying unbridled stupidity from the abundance of their ignorance.
So what is your point? 80m poor folks in Naija vs 5m poor folks in Venezuela.. Can you do the math??
Their situation is a lot better in Venezuela than Naija. Their govt subsidizes food, healthcare and social programs. They are mad that diary products are scarce. If I may ask you where can you get fresh milk in Naija?? Their GPD per capita is over $13k while that of Naija is about $3k. My point is that poor folks in Venezuela are like Kings in Naija.
Government revenue in Venezuela is $142bn while in Naija $30bn and their govt has more than 4x to spend on a 30m people vs Naija with $30bn to spend on 170m peeps. BTW, 70% of that goes to Politrickians and overhead cost. Naija poor folks aren't rioting because they have never received freebies or social benefits from govt, so what's the point of rioting and getting shot?

apc is cooking up lies to feed the masses.
they are now desperate.
just keep watching them.

Former CBN Governor, Sanusi Lamido said this in 2011:

"In 2008, the price of oil crash from $147 per barrel to $37. Three weeks before the crash i was in washington in the World Bank meeting, they had different model and projections that all Oil price will never fall below $85 per barrel, three weeks after it fell to $37. The only reason Nigeria Economy continue growing was that we had reserves of $62 billion, that was the shock absorber. We don't have that shock absorber today. If the Oil price crashes again; Nigerians will know what a crises is (in other word - Recession)."



http://www.channelstv.com/2011/12/22/cbn-governor-lamido-sanusi-supports-fuel-subsidy-removal-at-town-hall-meeting/

adconline:
Typical Naija zombie displaying unbridled stupidity from the abundance of their ignorance.
So what is your point? 80m poor folks in Naija vs 5m poor folks in Venezuela.. Can you do the math??
Their situation is a lot better in Venezuela than Naija. Their govt subsidizes food, healthcare and social programs. They are mad that diary products are scarce. If I may ask you where can you get fresh milk in Naija?? Their GPD per capita is over $13k while that of Naija is about $3k. My point is that poor folks in Venezuela are like Kings in Naija.
Government revenue in Venezuela is $142bn while in Naija $30bn and their govt has more than 4x to spend on a 30m people vs Naija with $30bn to spend on 170m peeps. BTW, 70% of that goes to Politrickians and overhead cost. Naija poor folks aren't rioting because they have never received freebies or social benefits from govt, so what's the point of rioting and getting shot?

This is the most informed comment I have read on the venezuelan crisis. The poor person in venezuela is upper middle class in naija, and we are here praying our situation will not be as bad as theirs.

By the way, I believe our GDP per Capita must have severely fallen given the fall in value of the naira. That $3000 figure is suspect.

trillville:
This is the most informed comment I have read on the venezuelan crisis. The poor person in venezuela is upper middle class in naija, and we are here praying our situation will not be as bad as theirs.

By the way, I believe our GDP per Capita must have severely fallen given the fall in value of the naira. That $3000 figure is suspect.

Yes, our GDP per capita has fallen. Also, Venezuela has the 4th largest hydroelectric dam in the world which generates over 10k MW while Naija just generates only 3k mw.