₦airaland Forum

AntiWailer:
Yes by not consulting Pat Utomi who led BANK PHB and another company into liquidation.

We also assumed Ben Bruce was intelligent before AMCON asked for the loan he collected. With that amount of loan, I will employ more Nigerians and still service my loan. (As long as i don't buy home in the US from the loan as shown by Sahara Reporters)

That Said, So it won't look like I am concentrating on the messenger and not the message,

Nigeria EXPORTS OIL and imports everything including RICE and Soldier's Khaki.

On the recession.

Check out several countries in recession. Buhari's Policy must have affected them too.

NOTE: Most of the top 12 Oil Producing companies in order of their oil production output are in RECESSION.

NIGERIA IS 13


1  United States 11,973,000
2  Saudi Arabia (OPEC) 11,624,000
3  Russia 10,853,000
4  China, People's Republic of 4,572,000
5  Canada 4,383,000
6  United Arab Emirates (OPEC) 3,471,000
7  Iran (OPEC) 3,375,000
8  Iraq (OPEC) 3,371,000
9  Brazil 2,950,000
10  Mexico 2,812,000
11  Kuwait (OPEC) 2,767,000
12  Venezuela (OPEC) 2,689,000
13  Nigeria (OPEC) 2,427,000



http://www.bloomberg.com/news/articles/2016-01-11/meet-2016-s-worst-economic-performers-flirting-with-disaster

Check the chart above and you will know that all this politicians are just trying to take advantage of the unfortunate period to score Cheap Points and escape prosecution for looting.

I will analyze TOP 13 oil producing countries and evidence of recession in 2016 some have been struggling since 2015.

Please check links, extracts and the bolded.

1. RUSSIA in recession



2. VENEZUEALA in recession Oil Producing (No 12) Crisis terrible and leading to Food shortage.



3. CANADA in recession


4. CHINA in recession



5. SAUDI ARABIA in recession



6. Kuwait


7. Iran - Facing worst recession in 30- 40 years. Imagine recession worst than even when they were heavily sanctioned by USA.


8. BRAZIL in recession -
Check The reason bolded below. Does that not sound familiar to what Killed Nigeria ? Price of commodity responsible for their growth (Oil) crashed and CORRUPTION in state-run oil company.


If you are expecting any Miracle if PDP or Jonathan were to be returned during the 2015 election, You are either a party agent, a tribalist, an ignoramus or a dullard.

The combination of the last 3 is usually the case.

WE NEED TO WAKE UP , IT IS REALITY O CLOCK !!.

Go back to farm and stop dependence on Oil.

The policies that allowed Nigeria depend on ALL IMPORTATION killed Nigeria not Buhari.

idupaul:
First thing we should know the decline in oil prices is not commensurate to the level of drop our economy has witnessed. . Have you asked yourself that that despite low oil prices and virtually no democratic structure on ground plus no foreign reserve and a heavy debt profile how Obasanjo managed to steer the country to some growth ..Mr I will highlight some poor decisions made by a visionless Buhari (I also voted for him oo) that virtually nuked the Nigerian economy.

Before President Buhari was sworn in Oil prices had spiralled down plus he was taking over from an exceptionally corrupt govt led by the meek GEJ. A wise leader taking over such affairs will not do some things ..below are things Buhari shouldn't have done ..

1: He shouldn't have spent more than six months choosing his ministers and team ..Knowing that we were in an era of low oil revenues Buhari should have hit the ground running in a manner that will inspire confidence in the NIGERIAN economy but he didn't rather he left the country without a policy framework or directionfor 6 months .

2: The ridiculous MTN fine : 6 months after his inauguration Buhari suddenly realises he has low revenue from oil and take advantage of the simplest registration penalty to slap MTN the largest fine ever heard in human history , a ridiculous fine of 5 billion dollars ..that immediately set most multinationals who had been operating under lax Nigerian laws to find parallel means of expatriating over 80 billion dollars out of the country in under 3 weeks just in case the govt of the new sheriff decided to clamp down on their profits still housed in Nigeria..Ironically the president couldn't even get MTN to pay the 5 billion dollar as it was reviewed to some really paltry some to be paid small small over time but the damage was already done .

3: For years most people knew our Banks relied on govt patronage for a large percentage of its deposits..Mr Buhari in his visonles manner goes on to pull the rug over night by implementing TSA a 100 percent instead of the piece meal fashion recommended by those who even created the TSA in the first place, the banking industry was suddenly hit with a massive withdrawal symptom that also cascaded into the real private sector including small businesses .

4: When oil prices are low oil producing country usually ramp up production to try to use volume to counter losses realised form low oil margins and that why Saudi Arabia this year increased production levels to a record high ..In Nigeria what did Buhari do? Buhari chose such are time to declare Tompolo wanted for a supposed fraud of 13 billion naira thereby throwing the region into chaos as militants took to the offensive to avoid arrest. .this action further cut down our production by another half meaning despite low oil price Mr Buhari now had to deal with low output and production.

5: Recently as production started to pick up the Army announced it was deploying 10 thousand soldiers to the region ..I don't have a problem with that but why announce it ..By announcing it tension is again heightened in the region. .Abacha deployed more troops to the Niger delta but never announced it sef .

Bro I can go on and on ..the truth is that Buhari can never make a great leader and will never .he doesn't have that vision and prefers knee jerk action to well thought out solutions

idupaul:
Please you need to get the perspective really right. ..I never said that OBJ led us into an economic boom ..I said despite starting our democracy from ground zero with most of the legislators being first timers and virtually no democratic structure on ground we did not hear of the word recession then even though there was a heavy debt burden on our shoulders , what I am saying is that OBJ met Nigeria in a worse state that Buhari did both economically , divisely and democratically but he steered it in such a manner a lot of Nigerians did not notice any slowdown ...Besides OBJ became president 2 and half good years before the 2nd gulf war sef ..

It was even worse for Abacha, he was unpopular from day one and was hit by sanctions internationally but he kept a steady growth of 4 percent and not once did the naira slide during his inglorious tenure...please nobody can defend Buhari it's glaring the man is not fit for the job period

Paperwhite:
A liar is know when he starts to tell lengthy tales or epistles in order to tell a lie.You forgotten the dullard you're defending here ordered for oil exploration in the Lake Chad/Benue Basins even spending billions of dollars to do that? Now the oil is useless in the international market but it's not cheap in Nigeria.So what revenue does he want to generate with these wasteful adventures? So you see that defending Buhari ends up exposing your own worst stupidity?

idupaul:
Please you need to get the perspective really right. ..I never said that OBJ led us into an economic boom ..I said despite starting our democracy from ground zero with most of the legislators being first timers and virtually no democratic structure on ground we did not hear of the word recession then even though there was a heavy debt burden on our shoulders , what I am saying is that OBJ met Nigeria in a worse state that Buhari did both economically , divisely and democratically but he steered it in such a manner a lot of Nigerians did not notice any slowdown ...Besides OBJ became president 2 and half good years before the 2nd gulf war sef ..

It was even worse for Abacha, he was unpopular from day one and was hit by sanctions internationally but he kept a steady growth of 4 percent and not once did the naira slide during his inglorious tenure...please nobody can defend Buhari it's glaring the man is not fit for the job period

TheGoodJoe:
The crisis was on long before the war. Even when George Bush went from one country to another asking for support to strike Iraq. We had crisis like the 9/11.

Things were very bad in Nigeria under OBJ until Crude Oil price climbed.

With the mono-economy we run, it is difficult for things to move.

idupaul:
First thing we should know the decline in oil prices is not commensurate to the level of drop our economy has witnessed. . Have you asked yourself that that despite low oil prices and virtually no democratic structure on ground plus no foreign reserve and a heavy debt profile how Obasanjo managed to steer the country to some growth ..Mr I will highlight some poor decisions made by a visionless Buhari (I also voted for him oo) that virtually nuked the Nigerian economy.

Before President Buhari was sworn in Oil prices had spiralled down plus he was taking over from an exceptionally corrupt govt led by the meek GEJ. A wise leader taking over such affairs will not do some things ..below are things Buhari shouldn't have done ..

1: He shouldn't have spent more than six months choosing his ministers and team ..Knowing that we were in an era of low oil revenues Buhari should have hit the ground running in a manner that will inspire confidence in the NIGERIAN economy but he didn't rather he left the country without a policy framework or directionfor 6 months .

2: The ridiculous MTN fine : 6 months after his inauguration Buhari suddenly realises he has low revenue from oil and take advantage of the simplest registration penalty to slap MTN the largest fine ever heard in human history , a ridiculous fine of 5 billion dollars ..that immediately set most multinationals who had been operating under lax Nigerian laws to find parallel means of expatriating over 80 billion dollars out of the country in under 3 weeks just in case the govt of the new sheriff decided to clamp down on their profits still housed in Nigeria..Ironically the president couldn't even get MTN to pay the 5 billion dollar as it was reviewed to some really paltry some to be paid small small over time but the damage was already done .

3: For years most people knew our Banks relied on govt patronage for a large percentage of its deposits..Mr Buhari in his visonles manner goes on to pull the rug over night by implementing TSA a 100 percent instead of the piece meal fashion recommended by those who even created the TSA in the first place, the banking industry was suddenly hit with a massive withdrawal symptom that also cascaded into the real private sector including small businesses .

4: When oil prices are low oil producing country usually ramp up production to try to use volume to counter losses realised form low oil margins and that why Saudi Arabia this year increased production levels to a record high ..In Nigeria what did Buhari do? Buhari chose such are time to declare Tompolo wanted for a supposed fraud of 13 billion naira thereby throwing the region into chaos as militants took to the offensive to avoid arrest. .this action further cut down our production by another half meaning despite low oil price Mr Buhari now had to deal with low output and production.

5: Recently as production started to pick up the Army announced it was deploying 10 thousand soldiers to the region ..I don't have a problem with that but why announce it ..By announcing it tension is again heightened in the region. .Abacha deployed more troops to the Niger delta but never announced it sef .

Bro I can go on and on ..the truth is that Buhari can never make a great leader and will never .he doesn't have that vision and prefers knee jerk action to well thought out solutions

Ahmedhussain3463:
same too bro, buhari 100yr will nt stop or narrow my advancement in all sphere of life and dt is y am nt complaining like u|bt am just angry you attacking me af if we courting a single lady bro,no need for d insult oga

chernest2002:
am not complaining either, but am only wishing buhari 's supporters happy reign of an old,backward,dictator rule.sorry if you fill bad, even if we share one lady it won't make me to attack you after all a woman thing no dey finish , na chop I chop.

billyG:
Dem force am 2 merge?Y culdnt an "intelligent economy"grow his bank capital base alone like jim ovie a non-economist, & 1st bank,he shld hav used his "wealth of experience" 2 pull a hat trick,all coorporations he manage went bankrupt do ya research.

Demdem:

U dey mind the nonentity. It wasn't even a merger but keystone bank limited took over all the assets after bankphb operating license was revoked because they show no capacity or ability to recapatalise. The eediot want to spin history.
Cc IVORY2009

IVORY2009:
Demdem, good to see you're back on track with ur old monika handle now back to the topic, as a student of history, if you can recall, which I doubt u can't, those names mentioned by that guy "Jim Ovia" and the First bank man are all friends of the last govt of Jonathan, the question u will ask urself is was Prof Pat friend of the govt? I leave this for you to make use of ur common sense in judging.

Demdem:
[s][/s]

Thrash. Giving more excuses for the prof failure. So he failed because he was govt friend. Rubbish talk. The bank died on him before her assets were taken over. Time won't even permit me to disect his failures also as COO for VW.

IVORY2009:
lolzzzz hopefully u can agree with me u and I know how businesses are runned in dis country, ask Dangote, the Adenugas etc, u must be a friend of the govt to succeed.

Demdem:

U dey mind the nonentity. It wasn't even a merger but keystone bank limited took over all the assets after bankphb operating license was revoked because they show no capacity or ability to recapatalise. The eediot want to spin history.
Cc IVORY2009

billyG:
No even Bankphb went bankrupt 4yrs after d #25biln recapitalisation,what did they do with all that huge money?they did not turn d economy around,money grew wings & dissappeared in2 thier pockets,how many industries has he helped grew?how many successful high flying enterprenuers has he created fom his useless biz school?he is 1 of those that cause this recession.

billyG:
No even Bankphb went bankrupt 4yrs after d #25biln recapitalisation,what did they do with all that huge money?they did not turn d economy around,money grew wings & dissappeared in2 thier pockets,how many industries has he helped grew?how many successful high flying enterprenuers has he created fom his useless biz school?he is 1 of those that cause this recession.

Demdem:

In otherwords, he is a fraud.

IVORY2009:
Fraud? how can, so one who served this great nation @ his tender age and contributed meaningfully, u call him fraud?

IVORY2009:
Bro do you hv a personal beef with the man?

IVORY2009:
Bro do you hv a personal beef with the man?

idupaul:
First thing we should know the decline in oil prices is not commensurate to the level of drop our economy has witnessed. . Have you asked yourself that that despite low oil prices and virtually no democratic structure on ground plus no foreign reserve and a heavy debt profile how Obasanjo managed to steer the country to some growth ..Mr I will highlight some poor decisions made by a visionless Buhari (I also voted for him oo) that virtually nuked the Nigerian economy.

Before President Buhari was sworn in Oil prices had spiralled down plus he was taking over from an exceptionally corrupt govt led by the meek GEJ. A wise leader taking over such affairs will not do some things ..below are things Buhari shouldn't have done ..

1: He shouldn't have spent more than six months choosing his ministers and team ..Knowing that we were in an era of low oil revenues Buhari should have hit the ground running in a manner that will inspire confidence in the NIGERIAN economy but he didn't rather he left the country without a policy framework or directionfor 6 months .

2: The ridiculous MTN fine : 6 months after his inauguration Buhari suddenly realises he has low revenue from oil and take advantage of the simplest registration penalty to slap MTN the largest fine ever heard in human history , a ridiculous fine of 5 billion dollars ..that immediately set most multinationals who had been operating under lax Nigerian laws to find parallel means of expatriating over 80 billion dollars out of the country in under 3 weeks just in case the govt of the new sheriff decided to clamp down on their profits still housed in Nigeria..Ironically the president couldn't even get MTN to pay the 5 billion dollar as it was reviewed to some really paltry some to be paid small small over time but the damage was already done .

3: For years most people knew our Banks relied on govt patronage for a large percentage of its deposits..Mr Buhari in his visonles manner goes on to pull the rug over night by implementing TSA a 100 percent instead of the piece meal fashion recommended by those who even created the TSA in the first place, the banking industry was suddenly hit with a massive withdrawal symptom that also cascaded into the real private sector including small businesses .

4: When oil prices are low oil producing country usually ramp up production to try to use volume to counter losses realised form low oil margins and that why Saudi Arabia this year increased production levels to a record high ..In Nigeria what did Buhari do? Buhari chose such are time to declare Tompolo wanted for a supposed fraud of 13 billion naira thereby throwing the region into chaos as militants took to the offensive to avoid arrest. .this action further cut down our production by another half meaning despite low oil price Mr Buhari now had to deal with low output and production.

5: Recently as production started to pick up the Army announced it was deploying 10 thousand soldiers to the region ..I don't have a problem with that but why announce it ..By announcing it tension is again heightened in the region. .Abacha deployed more troops to the Niger delta but never announced it sef .

Bro I can go on and on ..the truth is that Buhari can never make a great leader and will never .he doesn't have that vision and prefers knee jerk action to well thought out solutions

AntiWailer:
Yes by not consulting Pat Utomi who led BANK PHB and another company into liquidation.

We also assumed Ben Bruce was intelligent before AMCON asked for the loan he collected. With that amount of loan, I will employ more Nigerians and still service my loan. (As long as I don't buy home in the US from the loan as shown by Sahara Reporters)

That Said, So it won't look like I am concentrating on the messenger and not the message,

Nigeria EXPORTS OIL and imports everything including RICE and Soldier's Khaki.

On the recession.

Check out several countries in recession. Buhari's Policy must have affected them too.

NOTE: Most of the top 12 Oil Producing companies in order of their oil production output are in RECESSION.

NIGERIA IS 13


1 United States 11,973,000
2 Saudi Arabia (OPEC) 11,624,000
3 Russia 10,853,000
4 China, People's Republic of 4,572,000
5 Canada 4,383,000
6 United Arab Emirates (OPEC) 3,471,000
7 Iran (OPEC) 3,375,000
8 Iraq (OPEC) 3,371,000
9 Brazil 2,950,000
10 Mexico 2,812,000
11 Kuwait (OPEC) 2,767,000
12 Venezuela (OPEC) 2,689,000
13 Nigeria (OPEC) 2,427,000



http://www.bloomberg.com/news/articles/2016-01-11/meet-2016-s-worst-economic-performers-flirting-with-disaster

Check the chart above and you will know that all these politicians are just trying to take advantage of the unfortunate period to score Cheap Points and escape prosecution for looting.

I will analyze TOP 13 oil producing countries and evidence of recession in 2016 some have been struggling since 2015.

Please check links, extracts and the bolded.

1. RUSSIA in recession



2. VENEZUELA in recession Oil Producing (No 12) Crisis terrible and leading to Food shortage.



3. CANADA in recession


4. CHINA in recession



5. SAUDI ARABIA in recession



6. Kuwait


7. Iran - Facing worst recession in 30- 40 years. Imagine recession worst than even when they were heavily sanctioned by the USA.


8. BRAZIL in recession -
Check The reason bolded below. Does that not sound familiar to what Killed Nigeria ? The price of commodity responsible for their growth (Oil) crashed and CORRUPTION in the state-run oil company.


If you are expecting any Miracle if PDP or Jonathan were to be returned during the 2015 election, You are either a party agent, a tribalist, an ignoramus or a dullard.

The combination of the last 3 is usually the case.

WE NEED TO WAKE UP , IT IS REALITY O CLOCK !!.

Go back to the farm and stop dependence on Oil.

The policies that allowed Nigeria depend on ALL IMPORTATION killed Nigeria, not Buhari.