₦airaland Forum

watchindelta:
Nigerians self previous previous! if the previous government good why Nigerians vote dem out? so Nigerians vote Buhari in to serve us different from the previous government. if Buhari can't do the job make em fine em way out 2019 no need of previous here n there. if company employ u, n u can't do the job bros no two way about it na straight red card.

I understand what you are saying, but the kind of problems we are facing in this country is not really about who is on that seat. To be sincere, these kinds of problems are not problems that can be fixed overnight. The issues of today are problems whose solutions ought to have been implemented about 6 - 10 years ago. At this point we should be more concerned with the steps being taken to lead us there than seeing the actual results overnight.

Ahmeduana:
I THINK IT WILL BE BETTER IF YOUR SHUT YOUR MOUTH!

You haven't proved me wrong

progress69:
Spare me all these stories. Remove subsidy to be relooted. Asides sure P, where are the refineries promised, where are the buses? All these was after the agreement of a partial subsidy removal. Subsidy was a problem they were encouraging. How else can one explain subaidy claimals jumping from just about 3bn Naira to above 2 trillion in 2 years? How else can one explain subsidy paid on kerosense where nobody was actually buying kerosene for the subsidized rate of N55. Wanna shift ur problem to the innocent masses? Hell No. No excuse for not saving when oil was selling above $100. During the global melt down, Nigeria could escape because of our robust reserves then. Despite depleting the reserves by more than 50%, Naira still lost 20% of its value. Don't bloody tell me PDP would have been better.

you are the one telling tall tales & obscuring recent history.

you blame the past government for not saving, & when one of the reasons why it couldn't save is raised, you dismiss it.

you ask how subsidy claims moved from billions to trillions? how much has been claimed to be saved by this regime even as crude oil prices are low? over 1.4 trillion right? or are they lying thieves too?

is the current FX regime not a cesspool of corruption?

is this not a regime of contradictions?

on the issue of reserves or no reserves, let us agree to disagree that for whatever reason, the PDP didn't save enough...

but is PDP also to blame for investors not coming to invest in your country? I am certain you were one of those rubbishing established financial institutions warning of the missteps this regime was taking, now the consequence has emerged, you refuse to acknowledge the fault of this regime.

fact remains, PMB does not possess the intellectual wherewithal to manage a nation like Nigeria.

his methods are crude & archaic.

his reasoning is clouded with hate & vindictiveness

his sociopolitical & economic deology is incompatible with modern trends

PMB is a throwback to the era of cult like governance.

& the earlier the citizens move to check him & drag him to the right path, the better for us as a nation.

IBBG:
if buhari feels there is nothing he can do, he should resign and get out of office for those who can do it to step in. no point giving us those untenable excuse of waving the magic wand. he should save us the money we would wasting on his salary for doing nothing. being the president is not about going there to tell us about magic wand and other useless analogy.

Oya na... keep waiting for buhari to resign..

achieverme:
And do you know what caused lack of money in the economy? Buhari's unreasonable policies.

A nation losing more than 60% of its forex income, but some think it is 'policy' that automatically has led to downturn. There's really no point exchanging words with a bunch of ignorant folks... I agree with you, buhari is the one solely responsible for Nigeria's problems. Nice day ahead

luvinhubby:
You have not denied the fact that things got badly messed up 1 yr into Buhari's tenure, you have not also denied the fact that oil slump started 1 yr before Buhari came in, the chart you have being singing about like a canary bird just showed an economy that slowed down and not one in recession. Your analogy of a tree cut down is wild to say the least because Nigeria's economy is still sustained by crude earnings, agric and solid mineral export, the tree is still connected to it's tap, albeit with a decrease in sap suppy which could have been augmented if Buhari had not embarked on wild goose chase of 'fighting corruption'.

Haba! education is not literacy my friend.

Like i said earlier, if you couldn't understand the 'tree' analogy, there really no point engaging you with further exchanges. I agree with you, the dullard is responsible for all Nigerias present problems... After all he didnt appoint ministers for 6 months, how could I even forget that? silly me!

ivandragon:
you are the one telling tall tales & obscuring recent history.

you blame the past government for not saving, & when one of the reasons why it couldn't save is raised, you dismiss it.

you ask how subsidy claims moved from billions to trillions? how much has been claimed to be saved by this regime even as crude oil prices are low? over 1.4 trillion right? or are they lying thieves too?

is the current FX regime not a cesspool of corruption?

is this not a regime of contradictions?

on the issue of reserves or no reserves, let us agree to disagree that for whatever reason, the PDP didn't save enough...

but is PDP also to blame for investors not coming to invest in your country? I am certain you were one of those rubbishing established financial institutions warning of the missteps this regime was taking, now the consequence has emerged, you refuse to acknowledge the fault of this regime.

fact remains, PMB does not possess the intellectual wherewithal to manage a nation like Nigeria.

his methods are crude & archaic.

his reasoning is clouded with hate & vindictiveness

his sociopolitical & economic deology is incompatible with modern trends

PMB is a throwback to the era of cult like governance.

& the earlier the citizens move to check him & drag him to the right path, the better for us as a nation.

Lol the joke is on you. I can see the tribal hate manifesting right inside u. U are running from the obvious truth. Do u have a person vendetta against the president? U expect investors in a country already in recession? U really talk out of ignorance. The 2 people actually coordinating the economy are Emiefele and Adeosun, not Buhari. We are already in the worse time of recession. Many of the OPEC countries hit by low oil price are in recession some on the brink of recession. UAE and Saudi are on the brink. Is it their "fx regim" or "archaic" polices that has lead or also leading them to recession? Assuming PDP is still rulling and oil price crashed from 140/barrel to $40/barrel...then Dasuki keeps on distributing arms' funds to Bafarawas,Metus etc...BokoHaram keeps on occupying more LGAs in the northeast...Patience still saves millions of dollars in her multiple accounts...soldiers keep on running away from the battlefield...Asari keeps on receiving millions of dollars for guarding oil pipes...Ayo's private jet is being used to carry millions of dollars in the name of buying arms from Israel...we keep on having incessant explosions in churches,mosques,motor parks and markets...TSA and BVN are still yet to be implemented...BELIEVE ME THE COUNTRY WOULD'NT HAVE BEEN ONLY IN RECESSION,IT WOULD HAVE BEEN IN OBLIVION!

PDP was never and will never be an option.

obailala:
Like i said earlier, if you couldn't understand the 'tree' analogy, there really no point engaging you with further exchanges. I agree with you, the dullard is responsible for all Nigerias present problems... After all he didnt appoint ministers for 6 months, how could I even forget that? silly me!

Your tree analogy is disjointed, try another.

Leave Buhari alone, blame me, i caused Nigeria's economic woes.

luvinhubby:
Your tree analogy is disjointed, try another.

Leave Buhari alone, blame me, i caused Nigeria's economic woes.

As oil prices began dropping, GDP rate started a free fall from a high of 6.5%. It had fallen freely from 6.5% to 2.3% under GEJ (even though oil prices were still relatively high at the time) but you think GEJ was an omniscient and omnipotent saint. who should get no blame because he only 'slowed down' the growth. But strangely you think buhari should take all the blame because he wasn't able to miraculously wedge back the nosediving GDP rate until it dropped below zero.

I wouldn't know what to call this your above logic, whether it is just lame judgement driven by deep prejudice or whether you actually think your logic makes any sense. But whatever the case, I think we should just blame buhari, that is exactly what gives orgasms to jonathanian wailers who litter Nigeria's cyberspace so who am I to take away your joy?

obailala:
As oil prices began dropping, GDP rate started a free fall from a high of 6.5%. It had fallen freely from 6.5% to 2.3% under GEJ (even though oil prices were still relatively high at the time) but you think GEJ was an omniscient and omnipotent saint. who should get no blame because he only 'slowed down' the growth. But strangely you think buhari should take all the blame because he wasn't able to miraculously wedge back the nosediving GDP rate until it dropped below zero.

I wouldn't know what to call this your above logic, whether it is just lame judgement driven by deep prejudice or whether you actually think your logic makes any sense. But whatever the case, I think we should just blame buhari, that is exactly what gives orgasms to jonathanian wailers who litter Nigeria's cyberspace so who am I to take away your joy?

The economy slowed under GEJ but receded under Buhari, your self-inflicted prejudice has prevented you from seeing this reality so stop sounding like a broken record. If it will take wailing to make Buhari give the vital jobs to right people and do the right himself, then i am a proud wailer.

luvinhubby:
The economy slowed under GEJ but receded under Buhari, your self-inflicted prejudice has prevented you from seeing this reality so stop sounding like a broken record. If it will take wailing to make Buhari give the vital jobs to right people and do the right himself, then i am a proud wailer.

Lol... When a person falls, the wise man looks at where he tripped while the unwise one looks at where he fell... Grade yourself as the spirit leads you.

Nigeria's GDP rate started dipping from the highs of 6.5% in mid-2014 and it got to the zero mark in Q1 2016. I am talking of where the problem started and what led to it, you are busy focusing only on where the GDP crossed the zero point. Like i said, you should grade yourself as your spirit leads you. The message here is clear, 'if you must wail, wail wisely'

obailala:
Lol... When a person falls, the wise man looks at where he tripped while the unwise one looks at where he fell... Grade yourself as the spirit leads you.

Nigeria's GDP rate started dipping from the highs of 6.5% in mid-2014 and it got to the zero mark in Q1 2016. I am talking of where the problem started and what led to it, you are busy focusing only on where the GDP crossed the zero point. Like i said, you should grade yourself as your spirit leads you. The message here is clear, 'if you must wail, wail wisely'

Again your bogus analogy, what is the difference between where you fell and where you tripped? A man can trip but not fall, as if you do not know that a stumble cannot be a fall.

Economy stumbled under GEJ and continued growing at slowed down pace but completely collapsed under Buhari in 1 yr.

luvinhubby:
Again your bogus analogy, what is the difference between where you fell and where you tripped? A man can trip but not fall, as if you do not know that a stumble cannot be a fall.

Economy stumbled under GEJ and continued growing at slowed down pace but completely collapsed under Buhari in 1 yr.

Haha.. I knew I was overestimating your intelligence, I didn't expect you to understand the meaning of that simple statement and you have just proven me right with your bolded question above.

FYI, the economy did not just slow down under GEJ, rather the economy was nosediving before he was booted out; the downward trend was still ongoing and it never straightened out or stabilised before GEJ left so your convenient excuse of "Economy stumbled but was still growing at a slow pace under GEJ" can be only used to deceive ignoramuses. See chart showing the downward trend before Buhari took over.

www.nairaland.com/attachments/4178677_gdpvscrudeprice2_jpegc5856f214a58ffdca179aefcd84d6ffd

progress69:
Lol the joke is on you. I can see the tribal hate manifesting right inside u. U are running from the obvious truth. Do u have a person vendetta against the president? U expect investors in a country already in recession? U really talk out of ignorance. The 2 people actually coordinating the economy are Emiefele and Adeosun, not Buhari. We are already in the worse time of recession. Many of the OPEC countries hit by low oil price are in recession some on the brink of recession. UAE and Saudi are on the brink. Is it their "fx regim" or "archaic" polices that has lead or also leading them to recession? Assuming PDP is still rulling and oil price crashed from 140/barrel to $40/barrel...then Dasuki keeps on distributing arms' funds to Bafarawas,Metus etc...BokoHaram keeps on occupying more LGAs in the northeast...Patience still saves millions of dollars in her multiple accounts...soldiers keep on running away from the battlefield...Asari keeps on receiving millions of dollars for guarding oil pipes...Ayo's private jet is being used to carry millions of dollars in the name of buying arms from Israel...we keep on having incessant explosions in churches,mosques,motor parks and markets...TSA and BVN are still yet to be implemented...BELIEVE ME THE COUNTRY WOULD'NT HAVE BEEN ONLY IN RECESSION,IT WOULD HAVE BEEN IN OBLIVION!

PDP was never and will never be an option.

you accuse me of being tribalistic, yet you are the one using derogatory terms to describe a tribe.

you accuse me of hating the president, yet you have no qualms insulting the former.

you point to people who have been alleged to have stolen funds, yet you excuse those who form the present government who have been accused of same

you castigate the ND for militant activities, but keep quite on the fulanis.

you insinuate that the PDP looted all the money in the world leaving nothing for development, I ask you this, why can't PMB who does not loot, make good use of what he gets? if PDP spent only 20 cents of every dollar & stole the rest but we didnt feel it, why can't PMB do better with the 40 cents he is getting?

you are not only pompously ignorant, you are a full fledged hypocrite.

you pick what suits your wrapped sense of right, & manipulate it to suit your twisted conclusions.

its your likes that is really killing Nigeria. now your new refrain is that 'if PDP was still there...'

“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 qbut 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 a re 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.

ivandragon:
you accuse me of being tribalistic, yet you are the one using derogatory terms to describe a tribe.

you accuse me of hating the president, yet you have no qualms insulting the former.

you point to people who have been alleged to have stolen funds, yet you excuse those who form the present government who have been accused of same

you castigate the ND for militant activities, but keep quite on the fulanis.

you insinuate that the PDP looted all the money in the world leaving nothing for development, I ask you this, why can't PMB who does not loot, make good use of what he gets? if PDP spent only 20 cents of every dollar & stole the rest but we didnt feel it, why can't PMB do better with the 40 cents he is getting?

you are not only pompously ignorant, you are a full fledged hypocrite.

you pick what suits your wrapped sense of right, & manipulate it to suit your twisted conclusions.

its your likes that is really killing Nigeria. now your new refrain is that 'if PDP was still there...'

I knew from the onset u were a flat head. One of those that have sworn that Buhari must fail.i tried to look for tbe insult on a Jonathan in what u quoted, i found nothing, in fact i discovered that rather than respond to my post logically, u av resorted to whining around. I know the antecedents of people like u. U try to sound intelligent, and constructive under a deep rooted senseless hate. Go back to what u quoted and answer that logically and stop resorting to victimisation bull crap. Imagine this clown that is trying to sell PDP here accusing of all the crap he wrote last. PDP was stealing and spending but u didn't feel it. When u eat ur cake do u still feel hungry? After eating ur cake u still want to have it . Going by your assertions, i have asked u in other OPEC countries in reccession or Almighty UAE and Saudi on the brink of reccession also have tribalistic, vindictive, directioness president like Buhari. Rather than ans that, u dey whine up and down

progress69:
I knew from the onset u were a flat head. One of those that have sworn that Buhari must fail.i tried to look for tbe insult on a Jonathan in what u quoted, i found nothing, in fact i discovered that rather than respond to my post logically, u av resorted to whining around. I know the antecedents of people like u. U try to sound intelligent, and constructive under a deep rooted senseless hate. Go back to what u quoted and answer that logically and stop resorting to victimisation bull crap. Imagine this clown that is trying to sell PDP here accusing of all the crap he wrote last. PDP was stealing and spending but u didn't feel it. When u eat ur cake do u still feel hungry? After eating ur cake u still want to have it . Going by your assertions, i have asked u in other OPEC countries in reccession or Almighty UAE and Saudi on the brink of reccession also have tribalistic, vindictive, directioness president like Buhari. Rather than ans that, u dey whine up and down

Junior, calm down.

stop getting your knickers in a twist.

I understand that for people like you, Nigeria started existing in 2011.

you point to Saudi Arabia as example of a nation in recession. if Saudi with a reserve of over $300b & a population less than 40m can have issues, do you really think just saving would have been enough to stop a recession in Nigeria?

its policies boy... your policies drive your economy. its not just about throwing money or saving.

look, you are set in your ways, I get it.

you also have derailed from the matter of investors coming in. fine.

bask in your opinions, no use trying to reason with you.

you will only continue to find excuses why failure is acceptable to you.

ivandragon:
Junior, calm down.

stop getting your knickers in a twist.

I understand that for people like you, Nigeria started existing in 2011.

you point to Saudi Arabia as example of a nation in recession. if Saudi with a reserve of over $300b & a population less than 40m can have issues, do you really think just saving would have been enough to stop a recession in Nigeria?

its policies boy... your policies drive your economy. its not just about throwing money or saving.

look, you are set in your ways, I get it.

you also have derailed from the matter of investors coming in. fine.

bask in your opinions, no use trying to reason with you.

you will only continue to find excuses why failure is acceptable to you.

Oga u are still going round and round the bush. All other countries alao dont have polices abi? They are also headed by a dullard . Tell me chumtin
It us unfortunate u are asking kindergarten questions. A robust reserve will cushion the effects of low oil price, thereby saving us from a possible recession. Saudi is not yet in recession but at the brink, and their reserves have been a saving grace. It is also evident u know nothing about reccession, or factors considered before saying a country is in recession.

obailala:
Okay, it is obvious that I am conversing with an illiterate or a prrson who is feigning illiteracy. Because I showed you a graph detailing where the drop in the economy started from but just like a kid, you keep being fixated on where it crossed the zero line. I gave you an analogy that if you cut a tree today, the leaves begin to dry up after a week, but that doesnt mean the tree was cut after a week. The hardest person to wake from his sleep is the man faking the sleep. You are obviously faking your ignorance by you continual insistemce that things went bad only after 1 year of buhari even despite the economic charts I showed you. Goodluck in your igborance.

pls can I send my whatspp number so u can forward that graph to me?pls 08037784031

obailala:
Haha.. I knew I was overestimating your intelligence, I didn't expect you to understand the meaning of that simple statement and you have just proven me right with your bolded question above.

FYI, the economy did not just slow down under GEJ, rather the economy was nosediving before he was booted out; the downward trend was still ongoing and it never straightened out or stabilised before GEJ left so your convenient excuse of "Economy stumbled but was still growing at a slow pace under GEJ" can be only used to deceive ignoramuses. See chart showing the downward trend before Buhari took over.

www.nairaland.com/attachments/4178677_gdpvscrudeprice2_jpegc5856f214a58ffdca179aefcd84d6ffd

It has become very obvious that i am expecting you to comprehend something you lack the intellectual capacity to understand so i will save you the embarrassment.

Just ask Buhari to return Nigeria how he met it.

luvinhubby:
It has become very obvious that i am expecting you to comprehend something you lack the intellectual capacity to understand so i will save you the embarrassment.

Just ask Buhari to return Nigeria how he met it.

Why didnt you ask your goodluck to also return Nigeria to how he met it?... i.e. reserves of over $60 billion, GDP growth rate of 7%, exchange rate of N140 to $1 and fuel price of N65?.... Yeye dey smell!.. Mr Man will you gerrarrahia!!

NOETHNICITY:
pls can I send my whatspp number so u can forward that graph to me?pls 08037784031

Which graph exactly do you need?.... all statistical info (graphs, histograms etc) on the economy of the country (or any country at all) can easily be downloaded from www.Tradingeconomics.com

Why Buhari thinks Nigeria is in trouble and who is at fault and to be blamed.
See his way out.

http://newsdiaryonline.com/got-trouble-buhari/
https://newsdiaryonline.com/wp-content/uploads/2015/05/President-Muhammadu-BUHARI-650.jpg

The blame and the way out see how it plays out
http://newsdiaryonline.com/got-trouble-buhari/