₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,330,489 members, 8,445,726 topics. Date: Wednesday, 15 July 2026 at 12:35 PM

Toggle theme

Senate: Buhari Has No Plan To End Recession - Politics (7) - Nairaland

Nairaland ForumNairaland GeneralPoliticsSenate: Buhari Has No Plan To End Recession (37316 Views)

1 2 3 4 5 6 7 Reply (Go Down)

Re: Senate: Buhari Has No Plan To End Recession by Livinus56(m): 12:03pm On Nov 25, 2016
if datz so wat are u ppl waiting for na? just impeach dat old dullard with immediate effect
Re: Senate: Buhari Has No Plan To End Recession by Livinus56(m): 12:18pm On Nov 25, 2016
sarrki:
I know the indicators aren't OK now

At the end of the tunnel

Light will show forth
some people don't have brain at all, the Senate just confirm dat d dullard don't hv queer on hw to get us out of recession nd u are here talking bout light at d end of tunnel. just pray dat buhari 's foolishness will not take dis con3 to a place of non return
Re: Senate: Buhari Has No Plan To End Recession by plaetton: 12:24pm On Nov 25, 2016
sarrki:
Sis wail how ?

The Senate said he as know plan to end recession


That's their opinion not mine.

I believe strongly he will shock everyone soon
When?
By 2019?

And if doesn't shock us out recession , then what ?
Will you kill yourself or at the very least, admit that you have been foolish all this while ?

I asking this because I am going to save this post of yours, to be reminding you at least once every month, as we wait for the recession-busting surprise.
Re: Senate: Buhari Has No Plan To End Recession by Yoshy: 12:32pm On Nov 25, 2016
UnlimitedIfex:
I pray ur vote count
it's not just about 1 vote bro..
Re: Senate: Buhari Has No Plan To End Recession by Bishop4real: 4:24pm On Nov 25, 2016
repogirl:
and it's everytime Buhari becomes President that the country begins paying the price of wastefulness.

I can bet you everything we are going through now could have been avoided or if not avoided, could have been managed better. Tell me one thing they have done right concerning this economy since they resumed office. Remember the first few weeks of Buhari's resumption, our stocks rose, investor confidence was high, but then Buhari began work. No direction on the economy, making foolish statements like he met an empty treasury, CBN suddenly cutting off forex supply to businesses, thereby creating panic and investors ran. Then they said they don't need the investors, Nigeria would be better without them. No ministers and when he finally put them together, they have no idea what their ministeries are about. He gave Crude oil exporters ultimatums at a time when oil was selling at an all time low as if Nigeria is the only Oil producing country they can buy from. Then he cancelled the Niger delta amnesty programme...just making all the bad decisions and you say wastefulness?

Even if the past administrations were wasteful and nothing was saved, isnt that the time to be careful not to lose your customers? Instead you kuku chase them off and later go and be begging them to return after the economy has been plunged into recession. Will they dash you their money to be wasted again especially when they do not see any clear cut plans to get out of it which is what the senate is asking this so called Minister of planning Udo Udoma.

The little money the country is making is going to oil exploration in the North by the NORTHERN NIGERIA PETROLEUM COMPANY and he keeps preaching diversification. Now he wants to borrow 30billion dollars which I bet you,half of it will go into oil exploration.

By the way, how dare you say the minister doesnt need to appear before the senate committee? Even the president, if summoned is mandated to appear before them. See, these people were put into office by us and tomorrow if we suddenly grow sense and agitate that we no longer want them in power, it is our right. What is democracy after all. The south African president surrenders himself to his Paliament when summoned, where he is insulted and called a thief everytime. If it were Buhari, all the reps would be in DSS custody.

The legislative are our representatives and in a sane government,they answer to the people. No minister...even the president of the United States is not above congress! The PM of the UK goes to Paliament regularly, defending every action he plans to take, so who the hell is one Minister Udo Udoma who has no inkling what he is doing, to refuse to show up when summoned?

Nigerians need to get sense and know that we owe no one, this country is ours and only we can guide it in the direction we want. The people arethe power and I stand with my statement,we are not suffering wastefulness, we are suffering from our current bad leadership!

Under the past administration, Nigeria became the number one economy in Africa. Do you think that position happens without investing money into the economy? You call it wastage, but it was mostly investments. investments which are probably still holding this country together so that things don't become as bad as 1983.Yes, the last administration was riddled with corruption but is it worse than that of Abacha and OBJ's?

Lets not forget oil prices didn't just drop after Buhari entered office. NOI saw what was coming ahead and I'm sure if she and her Economic team had been left to handle it we wouldn't be in this mess.

Even with the massive corruption in our economy and boko haram threats, Nigeria held the first ever world economic summit in Africa and top economists, investors and officials from all over the world attended it because they recognised Nigeria was the next place to invest in. Would they have bothered if our economy had no potential? That's what is called true diversification not this nonsense Buhari keeps shouting yet he's doing opposite.

I say it again, we are suffering from bad leadership not wastefulness.
Hahahaha... I feel your pains sister. Sorry, but I think you are just been emotional. I prefer facts to emotions for emotions don't change facts. You never disagreed with the fact that Shagari & GEJ's regimes were respectively wasteful & corrupt. You went further to posit that our problem is not wastefulness but bad leadership forgetting that wastefulness is a direct product of bad leadership! Any economy that enjoyed such surplus as was enjoyed under GEJ is bound to break records! An economy that had far much surplus well above budgetary projections is bound to be healthy. It's as simple as that! But what did we get in return? Less than about 80% budget performance & depletion of excess crude savings! Note, my dear sister, that the test of strength of any economy is not measured/determined at times of surplus; it is measured by its response at times of lack/deficit/scarcity. Remember that this is not the first time Nigeria is experiencing all time low in oil price. Have you ever wondered how & why Nigeria survived the world economic meltdown of 2008 caused primarily by low oil price like we have now? It was because OBJ was able to save during the surplus years of 2004 & thereabout. By the time 2008 melt down came, the then administration drew from surpluses & was able to break even! This is a fact attested to by NOI when she lamented the lack of political will to save during her second coming as finance minister.

You said NOI saw the doom ahead. Can you in all sincerity tell us what NOI saw that made her raise such alarm as at the time she did? Remember by the time she made those comments, government at different levels have started owing up to 6/8 months salaries. What did she & her team do as at that material time to avert the dangers ahead or better still, offset backlog of unpaid salaries? In the first place, why would such government with excess revenue owe salaries?

As for the minister appearing before senate committee on finance/budget, I advise you read my remarks again. At no time did I say he can't appear before senate. Never! Infact I maintained that he should appear before them. I only reasoned that it won't be necessary for him to appear before senate plenary sessions as long as he appears before the appropriate senate committee on finance/budget. Of course, if there is any need for him to appear before the senate at plenary, he is bound by law to do so. There is huge difference between senate committee siting & plenary sessions!

I believe you must be privy to the details of the $30b loan request for you to conclude that it will be used primarily for oil exploration in the north. Please avail us of such details! Otherwise, I may assume it's the figment of your imagination probably borne out of emotions...!

It's unfortunate that you think this administration is doing absolutely nothing in bringing us out of recession. Believe that; then, you can believe anything! Do you sincerely believe that the sudden rise in local rice production across the nation is a fluke & not a direct response to this administrations bid to diversify? Yes, the volume produced now might not be enough but with persistence, we shall get there. Do you think that the political will to implement TSA by this administration is not yielding results yet? Just ask anybody in logistics what that singular act is saving this nation on daily basis from the activities of Hawks in Nigeria Customs Service.

My sister, an average Nigerian wants to enjoy blissful eternity but is not wiling to die. The country has been badly managed & is on recovery process. Such recoveries are not achieved overnight. We must join hands to make it work. Most robost, viable & strong world economies today went through this type of phase viz-a-viz "hardship" in their recovery quest. Even in Ghana, corrupt politicians whose activities plunged Ghana into economic woes were not even jailed; they were killed by the then government of Jerry Rawlings. Today, Ghana is enjoying the fruits of such "madness" from Jerry Rawlings. I believe he never enjoyed the 100% support of all Ghanaians but did what was expedient as at that material time to liberate Ghana. In our case, just the arrest of perceived corrupt politicians and economic saboteurs are given all manner of ethic, religious & tribal coloration. Lest I forget, do you think those who have been benefitting from the status quo (any things goes & corruption holds sway) will just fold their arms and sing praises unto this administration? Its a battle we must be ready to fight now so as to secure our future or chicken out & mortgage our future. For how long shall we continue to postpone the dooms day. The battle line is drawn & the choice on which divide to belong is ours! It's well...
Re: Senate: Buhari Has No Plan To End Recession by HungerBAD: 5:16pm On Nov 25, 2016
ephi123:
By the way, funny how the usual folks have gone silent lately - Hungerbad used to be FTC on all political threads, with backup from Dropshot and co, now that the chicken has come home to roost, these guys are nowhere to be found. I hope people have learnt their lessons with this experiment called Sai Baba.

Sarrki, last man standing, I salute your "courage" cheesy
I am not silent. Just observing.
Re: Senate: Buhari Has No Plan To End Recession by ephi123(f): 5:19pm On Nov 25, 2016
HungerBAD:
I am not silent. Just observing.
But you were very vocal before, so what changed?
Re: Senate: Buhari Has No Plan To End Recession by Splashme: 5:31pm On Nov 25, 2016
GudluckIBB:
Buhari has failed Nigerians especially those who supported him

Its a pity!
Re: Senate: Buhari Has No Plan To End Recession by UnlimitedIfex(m): 5:59pm On Nov 25, 2016
Yoshy:
it's not just about 1 vote bro..
I knw is nt all abt 1 vote bt we all know how they run election in dis country inwhich b4 d election d politician knows he will win and if PMB contest 4 2019, i doubt if he will b defeated or accept defeat.
Re: Senate: Buhari Has No Plan To End Recession by shammah1(m): 9:48am On Nov 26, 2016
Oga, you don dey quote Bible shocked? Hunger is the best factory reset
sarrki:
Out of the abundance of the heart

The mouth speaketh

I am confident that things will take its rightful place

Very I mean very very soon
Re: Senate: Buhari Has No Plan To End Recession by WowSweetGuy(m): 1:41am On Nov 27, 2016
useless fresident....Stupid
Re: Senate: Buhari Has No Plan To End Recession by mindtricks: 4:07pm On Nov 27, 2016
Buhari has no plan to end recession, our National Assembly has no plan to end their looting.

Aren't we then doomed as a people?
1 2 3 4 5 6 7 Reply

"Saraki And I Have No Plan To Return To PDP" - Governor AhmedPDP Crisis: No Plan To Suspend Jonathan, Others - SheriffYou can’t end recession with a Finance minister having qualifications as Kemi –234

Rafiu Kolawole: Sunday Igboho Is A Rascal, Not Fit To Fight Yoruba BattlePresident Buhari Meets With President Joe Biden At The White House (Photos)How Obi Found ‘missing Phones’ At Tribunal – Aide