Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim - Business

Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim - Business - Nairaland

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Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by babulicious(op): 3:11am On Oct 14, 2016

Businessman and Ondo governorship aspirant, Jimoh Ibrahim, has warned that the current economic recession facing Nigeria may last for another 20 years if the global oil price continues in its downward trend.
Mr. Ibrahim gave the warning on Thursday at the launch of the book, Worshipper In the Temple of Justice, organised in honour of emeritus professor of law, David Ijalaye, at the Oduduwa Hall of the Obafemi Awolowo University.
“With the current crude oil prices and current situation of the country, except there is a miracle that will chance the situation, we may be experiencing this recession for 20 years,” he said.
“Our Naira has lost its value and this is the worst recession I have seen in many years and nothing seems to be happening.”
Mr. Ibrahim recommended that Nigeria adopts the economic model of Iran in order to record meaningful development.
On the recent arrest of judges by the State Security Services, he noted that the development could whittle investor confidence.
“In a case where a judge is found with over N54 million and that it was found under his bed, no one would want to do business with you,” he said.
“It is very bad and has got so bad, if the Judiciary cannot be trusted so what are we saying.”

http://www.premiumtimesng.com/business/business-news/212712-nigerias-economic-recession-may-last-20-years-jimoh-ibrahim.html

2 Likes

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by StepTwo: 3:24am On Oct 14, 2016

But the english speaking minister of finance say next year now, Oga Jimoh.

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by discusant: 3:25am On Oct 14, 2016

Before that 20 years Nigeria's recession shall last, many new countries that shall soon emerge from Nigeria must have joined the league of prosperous countries without recession.

Except Jonathan government which took Nigeria to surpass South Africa as Africa's fastest growing Economy, those other goups that have ruled Nigeria all these years must bear the recession in Nigeria for that twenty years.

They can't politically exempt some groups from ruling Nigeria, but expect them to bear the burden of their misrule that brought recession.

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by discusant: 3:29am On Oct 14, 2016

The richest countries in the world have no crude oil. It's foolish to attribute Nigeria's recession to dwindling oil revenues.
Misrule of Nigeria through a most dysfunctional governance system is responsible for Nigeria's recession. The political structure and governance system enrich politicians, mostly the political class in northern Nigeria.

Northern Nigeria supported by some elements in the Southwest reject political restructuring. Let them bear the brunt of the recession as the east leaves Nigeria.

127 Likes 11 Shares

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Justiyke4u: 3:30am On Oct 14, 2016

Nigeria rejects it for you IJN

22 Likes 2 Shares

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Nobody: 3:34am On Oct 14, 2016

Jimoh Ibrahim olodo rabata...what do you know about management of the economy?

19 Likes 2 Shares

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by TPAND(f): 3:42am On Oct 14, 2016

Jimoh Ibrahim not everyone is a bad manager as you are. Even if Buhari and his mediocre economic team fail to get it right, someone else will.

If only you saw this projections for some of your business ventures like Air Nigeria, Nicom Hilton and a host of other ones you have badly managed, you won't be a blackguard where the likes of your colleagues like dangote, otedola, Samad, otudeko, Adenuga are talking

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Blue3k(m): 3:53am On Oct 14, 2016*

A 20 year recession is this guy cant be serious. It might as well be call depression. I bet our economy would collapse by year 15.

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by ChimaAdeoye: 4:01am On Oct 14, 2016

May it last forever under a dulllard president

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Sibrah: 4:34am On Oct 14, 2016*

StepTwo:
But the english speaking minister of finance say next year now, Oga Jimoh.

Clearly, someone didn't read the article but its title.

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Sibrah: 4:40am On Oct 14, 2016*

discusant:
The richest countries in the world have no crude oil. It's foolish to attribute Nigeria's recession to dwindling oil revenues.
Misrule of Nigeria through a most dysfunctional governance system is responsible for Nigeria's recession. The political structure and governance system enrich politicians, mostly the political class in northern Nigeria.

Northern Nigeria supported by some elements in the Southwest reject political restructuring. Let them bear the brunt of the recession as the east leaves Nigeria.

We are in recession not necessarily because of oil drop but because of near zero productivity. If we weren't importation experts then by now we should be exporting goods to earn a decent level of forex cash. Stop pointing finger at one region just because they buy imported goods imported by mostly others.

17 Likes 2 Shares

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Sibrah: 4:47am On Oct 14, 2016*

discusant:
Before that 20 years Nigeria's recession shall last, many new countries that shall soon emerge from Nigeria must have joined the league of prosperous countries without recession.

Except Jonathan government which took Nigeria to surpass South Africa as Africa's fastest growing Economy, those other goups that have ruled Nigeria all these years must bear the recession in Nigeria for that twenty years.

They can't politically exempt some groups from ruling Nigeria, but expect them to bear the burden of their misrule that brought recession.

How much was generated under GEJ watch? How much please? And please don't tell me about oil earning because that wasn't influenced by GEJ. If Buhari was to follow GEJ borrowing pattern Don't you think we would be growing further on debt?

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Sibrah: 4:50am On Oct 14, 2016

ChimaAdeoye:
May it last forever under a dulllard president

I perfectly understand you. Let oil price remain low and let the man you hate yourself more than keep getting bashed.

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Flyingngel(m): 4:52am On Oct 14, 2016

This man shld go and die.

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Nobody: 5:57am On Oct 14, 2016

Jimoh Ibrahim, yhu re lying. In fact lying is yhur hobby. For months now yhu have not been paying salaries of your various companies staff

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Olukokosir(m): 6:50am On Oct 14, 2016

Ok.. We don hear u ...

Next

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by martineverest(m): 6:50am On Oct 14, 2016

this empty headed debtor with many business misfortune is at it again.

Oga,pay ur debt and face ur business

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Opistorincos(m): 6:50am On Oct 14, 2016

Is uncle jimoh mad? He should stop rough play o

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Profkomolafe(m): 6:52am On Oct 14, 2016

This man na economist?

1 Like

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by yeyeboi(m): 6:53am On Oct 14, 2016

Tufiakwa

Jimoh Ibrahim should behave him self ooo sad

Nigeria Will Be GREAT AGAIN SOONEST

1 Like

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by soberdrunk(m): 6:53am On Oct 14, 2016

I will rather listen to 'economic analysis' from "Jim Iyke" rather than from Uncle Jimoh, only those that dont know his business tricks will take his words as 'economic truth' angry

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by iceberryose(m): 6:54am On Oct 14, 2016

REDUCE THE SALARIES AND ALLOWANCES OF THE LAZY NASS MEMBERS AND INVEST THIS AND SEE AS RECESSION GRADUALLY ROLLS AWAY

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by cococandy(f): 6:54am On Oct 14, 2016

So the effects of Buhari's ineptitude will take 20 years to correct? cry

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Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Nobody: 6:54am On Oct 14, 2016

Omoakinsuyi:
Jimoh Ibrahim olodo rabata...what do you know about management of the economy?

He knows a lot about mismanagement . This guy is one of Nigeria's biggest debtors that contributed to the mess we have today.

7 Likes 1 Share

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by cococandy(f): 6:55am On Oct 14, 2016

discusant:
The richest countries in the world have no crude oil. It's foolish to attribute Nigeria's recession to dwindling oil revenues.
Misrule of Nigeria through a most dysfunctional governance system is responsible for Nigeria's recession. The political structure and governance system enrich politicians, mostly the political class in northern Nigeria.

Northern Nigeria supported by some elements in the Southwest reject political restructuring. Let them bear the brunt of the recession as the east leaves Nigeria.

3 Likes

Re: Nigeria’s Economic Recession May Last 20 Years – Jimoh Ibrahim by Nobody: 6:55am On Oct 14, 2016

Shallow thinking... Would it still last if Nigeria takes diversification efforts serious for the next five years?

Jimoh is a chronic debtor...both to staff and banks, he's part of those sabotaging our economy.

5 Likes 2 Shares