Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward - Politics - Nairaland
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| Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by socialmediaman: 6:42pm On Nov 04, 2016 |
Proof That Buhari Alone Is To Blame For Nigeria's Recession, And The Way Forward Just setting the records straight for reference purposes. This was a publication by the Ministry of Budget and National Planning on their website http://www.nationalplanning.gov.ng/index.php/news-media/news/news-summary/333-nigeria-s-oil-sector-contribution-to-gdp-lowest-in-opec-blueprint It can be seen from the publication that Oil accounted for only less than 18% of Nigeria's GDP between 2010 and 2014, when Nigeria recorded most of the high crude oil sales. in 2014 for instance, Oil accounted for barely 11% of Nigeria's GDP. This was the same time when Nigeria had the Biggest economy in Africa; which included Industries like telecoms, information technology, music, online sales, airlines, and film production. This raises an important question that if oil accounted for a very insignificant part of our GDP, How then could Nigeria have gone into recession due to drop in Oil Revenue? Since Buhari assumed office in May 2015, there has been a consistent decline in Business and Investment, he has been unable to develop a clear policy direction for his administration. His incompetency, Rushed TSA Implementation, unguarded statements about the economy and against sections of the country which unduly heated up the polity, Stiff Forex policy and Lack of a clear policy direction eroded investor confidence and caused agitation in the Niger Delta Region. These are the factors which drove Nigeria to a recession. Lets be very clear with this fact and find a way to move this country forward. One thing is clear, if Buhari does not honestly take responsibility for the mess and seek solutions which include everyone, He may not be able to champion Nigeria out of the mess because Government only succeeds when the stakeholders and people have confidence in it. God Bless Nigeria - SocialMediaMan 71 Likes 15 Shares
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| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by psucc(m): 6:46pm On Nov 04, 2016 |
Buhari himself knows he is the reason why things take to reverse gear in Nigeria. This position is corroborated by the NANS position that a major feature of any Buhari govt is retrogression. 67 Likes 3 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by INTROVERT(f): 6:47pm On Nov 04, 2016 |
Na Ngozi write that page  7 Likes 1 Share |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by ever811(m): 7:08pm On Nov 04, 2016 |
abegi...but pls can you tell me when we could no longer pay salary?...nonsense... GEJ produced 2.28 million barrels of oil per day and sell at 150 dollars buhari 900,000 barrel and sell at 38 dollars..if you have brain,tell me who has the best opportunity to stabilize our economy and develop the country..? 56 Likes 7 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by blackpanda: 7:26pm On Nov 04, 2016 |
OP I think its better u be quiet and not annoy people further. Theres no ridiculous explanation u can cook up to absolve the clueless ineffectual buffoon. And btw, there is a difference between revenue earner and GDP. 31 Likes 6 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Nobody: 7:29pm On Nov 04, 2016 |
Wat a retarded president  25 Likes 1 Share |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by GenbIoodykiller: 7:31pm On Nov 04, 2016 |
[s] blackpanda:[/s] truth hurts isn't it? 158 Likes 13 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by socialmediaman: 7:36pm On Nov 04, 2016 |
ever811: And your statistics make Buhari a good leader? Yaradua came in when there was militancy and he brilliantly ended it... You cannot make excuses for Buhari, Nigerians are wiser 189 Likes 14 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Oxenomy: 7:55pm On Nov 04, 2016 |
His unguarded statements alone did a major blow to the country's economy.. I could remember when he was been advised to stop demarketing the country before the international community, his zombie sycophants said he is honest.. He went out there and tell the world that Nigerians are criminals and all sorts of name.. Because of that, investors started pulling out their money from the economy, (of course who would want to invest in a country where her citizens are criminal?)... All these coupled with the brazen incompetency his administration has displayed so far, brought us to where we are today.. 116 Likes 6 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by blackpanda: 8:03pm On Nov 04, 2016 |
5 Likes 1 Share |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by GenbIoodykiller: 8:05pm On Nov 04, 2016 |
[s] blackpanda: e pain am Buhari is a terrorist vagabond and an economic bokoharam a useless nonentity kunu drinking bastard burukutu sipping gorilla without brain. only bastards feels otherwise  91 Likes 5 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by drss2(m): 8:07pm On Nov 04, 2016 |
real economist already knew dis. only buari dullard tinks otherwise. 43 Likes 2 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by GenbIoodykiller: 8:09pm On Nov 04, 2016 |
lalasticlala Seun obinoscopy front page please many staunch supporters ( i mean old staunch supporters not all these baby Zombies) knows this some are bold enough to admit it while some are ashamed of admitting it but only a fool will dispute this gross incompetence running through this admin even Buhari knows he's a failure same as his wife who publicly admitted it technically. shout out to Beremx 74 Likes 3 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by HtwoOw: 8:10pm On Nov 04, 2016 |
Rubbish Buhari didn't sell crude @120 per barrel Previous admin looted the country to death No proofs anyone shows me here and convince me 7 Likes 2 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by GenbIoodykiller: 8:11pm On Nov 04, 2016 |
[s] HtwoOw:[/s] stale 66 Likes 2 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by drss2(m): 8:13pm On Nov 04, 2016 |
Oxenomy:buari dullard has dis ancient notion dat becos he's refered to as man of intergrity (intergrity my foot) world leaders including foriegn investors will fall down n worship him. unfortunately for him, world politics n economic advancement is not based on 12th century principles. 43 Likes |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Izonpikin: 8:15pm On Nov 04, 2016 |
Make this thing go front page na..."the oil price is low" mofos should come defend our presidents incompetence in driving the country into recession with his stiff approach of governance... If militants are disturbing it is because this same president looked for their trouble and nuked all the hard plans set by yaradua and gej to maintain peace in the niger delta... Oil oil oil...hiding behind oil price to cover up for incompetence and foolishness...  56 Likes 3 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by ishiamu(m): 9:38pm On Nov 04, 2016 |
psucc: 3 Likes |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Nobody: 9:38pm On Nov 04, 2016 |
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| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by nigconnect(m): 9:38pm On Nov 04, 2016 |
Going to comment later..... |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by obembet(f): 9:39pm On Nov 04, 2016 |
Which way Nigeria  The Minister of Agric studied French. The Minister of Education studied Accounting. The Minister of Solid Minerals studied International Relations. The Minister of power studied law. The Minister of communications studied law too. The Minister of transport studied English. The Minister of labour studied surgery. Then President himself has no certificate at all. Now, if someone still don't understand why things aren't working, then that person need urgent deliverance. ## 142 Likes 22 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Nobody: 9:39pm On Nov 04, 2016 |
Pls who has Rizlar 2 Likes 2 Shares
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| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by ishiamu(m): 9:39pm On Nov 04, 2016 |
blackpanda: guess he's tribe and get 100k  52 Likes 2 Shares |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by kings09(m): 9:39pm On Nov 04, 2016 |
It's good buhari ruled Nigeria. This is the worst president we shldnt have had. Imagine wat wld hv bn said if he ddnt rule, but now Nigerians know beta. 28 Likes 1 Share |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Olusharp(m): 9:40pm On Nov 04, 2016 |
Truth be said Buhari is honest but honesty is not enough to rule a country like Nigeria... 4 Likes 1 Share |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Phi001(m): 9:40pm On Nov 04, 2016 |
What I'm trying to understand is how someone thinks that Oil isn't the major contributor to our revenue. Just last week, we celebrated oil price hitting $50 50 effing dollars. OP, I'm afraid you have no case here. Unless, of course, you're talking about fixing the economy. That is his job. However, he can't be blamed for the recession. 10 Likes |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Emeskhalifa(m): 9:41pm On Nov 04, 2016 |
nawa oo |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by ishiamu(m): 9:41pm On Nov 04, 2016 |
HtwoOw:guess he's tribe.... 14 Likes |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Nobody: 9:43pm On Nov 04, 2016 |
abeg ....whoever looted i cant judge you....edakun comangeemi jusss 100k |
| Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Donkaz(m): 9:44pm On Nov 04, 2016 |
obembet: 19 Likes 3 Shares |
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