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Nigeria Is In Serious Economic Situation – Osibanjo - Politics - Nairaland

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Nigeria Is In Serious Economic Situation – Osibanjo by 247frolicboss(m): 6:44am On Feb 07, 2017
Acting President Yemi Osinbajo has declared that the country is in a serious economic situation.

He was speaking at the Old Banquet Hall of the Aso Rock Presidential Villa in Abuja on Monday while declaring open, the Agenda for Consultative Forum on Economic Recovery and Growth Plan.

He said he had gone round the country and was aware of the protests planned by Nigerians over how difficult things were in the country.



Osinbajo said while Nigerians have the right to live well, the government was committed to making that happen.

According to the acting president, it is the duty of the government to put the economy on the path to sustainable growth.

He said the involvement of the private sector was fundamental to the government's approach to economic planning.


http://www.newshelm.com/2017/02/nigeria-is-in-serious-economic.html

cc lalasticlala

Re: Nigeria Is In Serious Economic Situation – Osibanjo by Nobody: 6:50am On Feb 07, 2017
All thanks to GEJ
Re: Nigeria Is In Serious Economic Situation – Osibanjo by SalamRushdie: 6:53am On Feb 07, 2017
xstry:
All thanks to GEJ


No Sir , 80 percent of the blame lies with Buhari

6 Likes

Re: Nigeria Is In Serious Economic Situation – Osibanjo by Nobody: 6:55am On Feb 07, 2017
SalamRushdie:



No Sir , 80 percent of the blame lies with Buhari
Explain.
Re: Nigeria Is In Serious Economic Situation – Osibanjo by uboma(m): 7:00am On Feb 07, 2017
Is the Acting President just realizing that the Nigerian economy is in shambles?

1 Like

Re: Nigeria Is In Serious Economic Situation – Osibanjo by ITbomb(m): 7:04am On Feb 07, 2017
xstry:
Explain.

Some of these instances where government's actions have been counter-productive to the economy are still fresh in our memory:

1. Delay in the appointment of ministers and setting up of the executive council for 6 months after inauguration.
2. No definite economic policy statement for almost a year.
3. Scandals and embarrassing Budget 2016 scandal which affected its performance.
4. The unwise hold on an impossible exchange rate in the face of dwindling government revenue.
5. Seeming lopsided appointments and persecution of political opponents in the name of fighting corruption.
6. Unguarded statements about official marginalization of a section of the country because of voting pattern (97% vs 5%).
7. Uncertainty in the President capacity to perform his official functions.

These 7 Points are valid indicators that caused many investors to withhold investments into the country.

http://www.channelslink.com/2017/02/buhari-extends-vacation-economic.html

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Re: Nigeria Is In Serious Economic Situation – Osibanjo by Nobody: 7:13am On Feb 07, 2017
ITbomb:


[s]Some of these instances where government's actions have been counter-productive to the economy are still fresh in our memory:

1. Delay in the appointment of ministers and setting up of the executive council for 6 months after inauguration.
2. No definite economic policy statement for almost a year.
3. Scandals and embarrassing Budget 2016 scandal which affected its performance.
4. The unwise hold on an impossible exchange rate in the face of dwindling government revenue.
5. Seeming lopsided appointments and persecution of political opponents in the name of fighting corruption.
6. Unguarded statements about official marginalization of a section of the country because of voting pattern (97% vs 5%).
7. Uncertainty in the President capacity to perform his official functions.

These 7 Points are valid indicators that caused many investors to withhold investments into the country. [/s]

http://www.channelslink.com/2017/02/buhari-extends-vacation-economic.html
Re: Nigeria Is In Serious Economic Situation – Osibanjo by permsec: 7:17am On Feb 07, 2017
All I know is u'll fare better than that block headed mallam in West england enjoying other peoples labour.

1 Like

Re: Nigeria Is In Serious Economic Situation – Osibanjo by Obago1000: 7:22am On Feb 07, 2017
ITbomb:


Some of these instances where government's actions have been counter-productive to the economy are still fresh in our memory:

1. Delay in the appointment of ministers and setting up of the executive council for 6 months after inauguration.
2. No definite economic policy statement for almost a year.
3. Scandals and embarrassing Budget 2016 scandal which affected its performance.
4. The unwise hold on an impossible exchange rate in the face of dwindling government revenue.
5. Seeming lopsided appointments and persecution of political opponents in the name of fighting corruption.
6. Unguarded statements about official marginalization of a section of the country because of voting pattern (97% vs 5%).
7. Uncertainty in the President capacity to perform his official functions.

These 7 Points are valid indicators that caused many investors to withhold investments into the country.

http://www.channelslink.com/2017/02/buhari-extends-vacation-economic.html

Also add:

8: inability to swallow pride and negotiate with ND militants. Who suffers? Us.

9: only grant interview abroad or speak hausa with BBC hausa service. What about us?

10: sectional leadership, not bringing everyone on board.

11: body language -i don't care attitude. Companies threatens to leave Nigerian he does nothing. Eg erisco tomatoes

.....to mention a few

1 Like

Re: Nigeria Is In Serious Economic Situation – Osibanjo by Sibrah: 8:06am On Feb 07, 2017
ITbomb:


Some of these instances where government's actions have been counter-productive to the economy are still fresh in our memory:

1. Delay in the appointment of ministers and setting up of the executive council for 6 months after inauguration.
2. No definite economic policy statement for almost a year.
3. Scandals and embarrassing Budget 2016 scandal which affected its performance.
4. The unwise hold on an impossible exchange rate in the face of dwindling government revenue.
5. Seeming lopsided appointments and persecution of political opponents in the name of fighting corruption.
6. Unguarded statements about official marginalization of a section of the country because of voting pattern (97% vs 5%).
7. Uncertainty in the President capacity to perform his official functions.

These 7 Points are valid indicators that caused many investors to withhold investments into the country.

http://www.channelslink.com/2017/02/buhari-extends-vacation-economic.html
How old are you?
Re: Nigeria Is In Serious Economic Situation – Osibanjo by kolado(m): 8:30am On Feb 07, 2017
He never knew all this awhile.
Re: Nigeria Is In Serious Economic Situation – Osibanjo by refreshrate: 8:33am On Feb 07, 2017
That's how he went to Davos this year and one small girl made him expose his lack of understanding of what he's doing in that position.

Instead of him as he came back na to try and catch up and get a grip on issues he further comes up to be exposing himself further


A professor?

Quite frankly a disgrace to the London school of economics.
Re: Nigeria Is In Serious Economic Situation – Osibanjo by Ngokafor(f): 8:53am On Feb 07, 2017
SalamRushdie:



No Sir , 80 percent of the blame lies with Buhari



...No bros,its actually 90%...The incompetent president caused the mass exodus of Foreign investors from this country because of inconsistent and outright zero direction of economic policies when he assumed office..The de-marketing of this nation which buhari embarked on,calling everyone criminal and corrupt and claiming that the country was broke was the last straw that broke the camels back.

..The investors left with their bilions..in dollars!!,...and has not shown up since then...This has lead to acute shortage of dollars,and since we are an import-dependent nation,your guess is as good as mine as to the multiplier effects which is what we are witnessing right now.He refused to appoint ministers,six months after he came on board,even in key sectors,calling them 'noise-makers',and so are inconsequential in the running of the nation! shocked

...In addition to all these,he bungled and messed up the ND situation,forming 'new sherifat in town' and all other silly slogans forgeting that the oil Nigeria depends on for economic sustainance comes from there.

...The illiterate zombies saying that this recession we are in is caused by the corruption in Jonathan's admin and fall in oil prizes are nothing but career propangandists and professional liars because Oil prizes were sold at below 40dollars per barrel at some point during Obasanjo admin but we didnt descend to the all-time low we are in now because of sound Economic team he had.

..There are other actions and inactions of buhari that got us into the mess we are in today,but i will chill for now..(make i face my work for office)

...It is therefore clear to every discerning and rational adult that buhari/apc is 90% responsible for this out-of-control downward economic spiral we are in now..period.

1 Like

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