₦airaland Forum

Sylva2147:
All this your grammar and preaching as if when you are given the opportunity to be the president you can do any better. please try and check the record of the past presidents and the head of state of this country and the riches they acquire then you will stop blaming the old man. I know that most Nigerians need a leader who will always give them money and discouraged them from doing any hard work so as to continue to kiss his feet.

And your beloved president didn't enrich himself while in power the 1st time around. Why do u guys keep buying into d hocu pocus of this dudes sainthood. He was s**t the 1st time around & ders no adjective to describe him now..

Be honest, how many of you posting on this thread jumping up-and-down have applied for N-Power and are hanging-on the platform for latest updates.

The Financial Times is doing what it does best, general analysis without breaking down the issues. The same publication will describe Nigeria's economy recovery as 'unexpected' when it happens.

You are not worth debating with if you are in Nigeria and need a foreign paper to tell you the fundamentals of the economy, why it ran aground and how and why it should recover.

NIGERIA HAS LET A CRISIS GO TO WASTE

Economic collapse was meant to spur diversification — that has not happened

David Pilling




The term “dead cat bounce” derives from the fact that even a dead cat will bounce if it falls from a great height. If you imagine a dead cat soaked in crude oil and dropped from a 50-storey building, you get a rough picture of how Nigeria’s economy is performing these days.

Nigeria is expected to grow 2.5 per cent this year after contracting 1.6 per cent in 2016. But the population is also growing at 2.5 per cent. So in per capita terms, things are going nowhere.

The reasons for the “recovery” are twofold. First, last year’s performance was so dismal it would have been difficult for the economy to fall further. Without doing anything at all — a reasonable description of policy under Muhammadu Buhari, the country’s ailing leader and frequent London resident — the baseline effect has worked its magic. Second, the oil that makes up so much of government revenues is flowing faster. In June, production was 1.7m barrels a day, 10 per cent higher than a year ago.

Like weeds shorn of their leaves, graft will doubtless spring back as lush as ever once the Buhari strimmer is back in its box

One should, they say, never let a crisis go to waste. That advice has clearly not reached Abuja, where the economic collapse brought on by swooning oil prices was supposed to spur diversification. It has not happened. The danger now is that, having apparently come through the worst, Nigeria will simply go back to business as usual. If oil prices recover, so will headline growth. But the structure and basic dynamics of Africa’s largest economy will remain unchanged.

Nigeria frustrates because of its vast potential. It has 190m people, among the sharpest, most driven and entrepreneurial on the continent. But perverse incentives have diverted the energy of the best and the brightest to mostly unproductive activities: making money through political connections, speculation, round-tripping and arbitrage.

When President Buhari was elected three years ago, he promised to end all this. The economy would be transformed. Manufacturing would be re-energised. So would agriculture, which employs three-quarters of the population but contributes only a fifth of output. The government would wean itself off oil revenue. Mr Buhari — stern, principled, incorruptible — was said to be the man to see this through.

Little has come to pass. Mr Buhari took six months to name a cabinet and became embroiled in a necessary but distracting fight with Boko Haram. He has spent much of the past year convalescing from a mystery illness that has sapped his presidency of vigour and set off a merry-go-round of political jockeying to succeed him. There has been practically nothing in the way of coherent economic policy.

True, there have been attempts to punish individuals for corruption. Yet, like weeds shorn of their leaves, graft will doubtless spring back as lush as ever once the Buhari strimmer is back in its box. An example of failure to cut corruption at the roots is the foreign exchange policy. Mr Buhari was determined to defend the phoney official rate. But the only way to do so was to ration dollars. Given the yawning gap with the black market, this has delivered a delicious arbitrage opportunity to anyone lucky — or connected — enough to get their hands on precious foreign exchange at the official window.

Sadly for hopes of economic diversification, the lucky beneficiaries of dollars did not include manufacturers. Most were actually banned from receiving the foreign exchange they needed to buy inputs or capital equipment. Far from expanding, manufacturing actually shrank last year. The economy is back to square one, gasping for a recovery in oil prices to breathe life back into the system.

There are some promising signs. Agriculture is getting more attention, and there are tentative improvements in rice and other crops. If all goes to plan, by 2019, the country will have a $12bn oil refinery courtesy of Aliko Dangote, Nigeria’s richest man. This is an installation that could save billions in unnecessary imports of refined products.

Related article
‘Big oil’ dismisses predictions of collapse in demand
Saudi Aramco and Shell play down impact of electric vehicles









Nigeria’s constitution is working. In Mr Buhari’s extended absence with illness, the competent and dynamic Yemi Osinbajo has been running the show. Foreign exchange policy has improved. In April, a “growth and recovery plan” was published, laying out plans to cut red tape, improve the tax take, reform state-owned enterprises and move towards a market-determined exchange rate. Such policy prescriptions have been discussed for 20 years. The danger is Nigeria will still be talking about them 20 years hence.

The immediate prospect is for a vicious and enervating power struggle to succeed Mr Buhari, whom few expect to contest the 2019 election. Whoever emerges victorious will doubtless promise to stamp out corruption, diversify the economy and rationalise the oil sector. Cats not only bounce. They also have nine lives.

david.pilling@ft.com

https://www.ft.com/content/2f7d3a24-66eb-11e7-8526-7b38dcaef614

This is attached for those that wants to read the actual article and not the reported one.

michoim:
What a poor news media! Yet we have started exporting yam and we will be self sufficient in rice production by November 2017 saving us US $10billion annually that was normally spent by previous administrations in importing rice.
This is how this foreign news media influenced by some biased Nigerians working for them overseas, misinformed people the way they are currently instigating Americans against Donald Trump.

@bolded, well-written.

As for Donald Trump, he is a unique individual.

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

Did the militants suddenly start blowing pipelines? When he(pmb) felt it was best to cut out their pacifiers kept in place by yar adua(bless his soul) and use the funds to further buttress frivolent expenditures, why won't they react?

He brought it upon himself. At least it wasn't some propaganda like B.H.
"He who brings ant infested woods home, should be ready to entertain his lizard guests".

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

The summary of what the author wrote is wrote: no Policy to make gains of the economic crisis. ...... it takes idea to make money not money and this government has got no idea how to grow the economy beyond mundane discourse and rhetorics ... Dangote once diplomatically made same statement when he said, the business community wants amongst other things , a policy they can study and follow .... you can't know the problem about our contraction more than the guy.

Nigeria grew in spite of corruption not without it during the 80s , 90s , and the new millennium until now ....

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

Didn't even finish what you typed here but just like nollywood movies I know how you'll land, I know wr ure from already n there's no need arguing with you.

maclatunji:
Be honest, how many of you posting on this thread jumping up-and-down have applied for N-Power and are hanging-on the platform for latest updates.

The Financial Times is doing what it does best, general analysis without breaking down the issues. The same publication will describe Nigeria's economy recovery as 'unexpected' when it happens.

You are not worth debating with if you are in Nigeria and need a foreign paper to tell you the fundamentals of the economy, why it ran aground and how and why it should recover.

Dont mind them, as if diversification is something that happens overnight. Where is the funds to invest that can make it happen overnight? And this is even in view of our very heavy recurrent expenditure that cannot be wished away just like that.

If you read the actual article that I just uploaded before your comment, you'll see that the article though critical of Buhari was not as bad as reported by 'The Cable'. The areas which seemingly credited the current Administration was cropped out by 'The Cable'.

ddippset:
The biggest problem of this country today is that we have a certain political party who call themselves the PDP. They had promised to be in power for 60 years. They rigged 1999, they rigged 2003, they rigged 2007, they rigged 2011. Then they had a weak president in 2015 who was afraid to rig. Their body language now is to make the country ungovernable for the APC. But sorry to burst your bubble, the APC is not gej. By hook or by crook they will win 2019, 2023, 2027 and 2031. PDP should be ready to play opposition till 2035 at least.

Your mistake lies the belief that everyone who opposes APC is PDP.

APC supporters and APC themselves are truly blockheaded.

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

mtcheeeew

Nodogragra4me:
The summary of what the author wrote is wrote: no Policy to make gains of the economic crisis. ...... it takes idea to make money not money and this government has got no idea how to grow the economy beyond mundane discourse and rhetorics ... Dangote once diplomatically made same statement when he said, the business community wants amongst other things , a policy they can study and follow .... you can't know the problem about our contraction more than the guy.

Nigeria grew in spite of corruption not without it during the 80s , 90s , and the new millennium until now ....

exactly,it takes idea to make money......everything we always hear from people is oil,oil,oil.

In life you need a plan B, what if we can't get income from oil based on natural or man made disasters.

What we need is diversity

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

The kind of argument folks like you make baffles me. People are dying of hunger and you're twisting truth to suit your debate topic. Where is your morality, are you humane at all?
When will a bag rice return to N8k, when will food stuffs come down. Stop being morally wicked. I can't even talk now. Thanks

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

Idiot and zombies spotted, always in to defend Buhari incompetence, selfishness, power drunkenness. it is fools like you that sees truth and go to extreme length to upturn the truth. l belief you must be a Muslim and lo l'm not surprised when some verses of your Korea encourage you to lie in the face of conspicuous truth.

How can you still be convinced that Buhari had or has better agenda for the upliftment of the life of the average Nigeria, pre-election and post-election. what stops Buhari from resigning and handing over office to that short Osinbjo or whatever he is called. Yet idiots of your ilk will come out to talk or type rubbish to defend a failure called Buhari.


l wish you and your family the same current state that Buhari has plunge this country into where the gap between the rich and poor keep growing wide instead of the opposite.


Hence you keep supporting failure, stagnancy and backwards, you shall receive a manifold of it in due course.

To think dat Jonathan was bn insulted left right after 6 yrs, dis one has done barely two years & intl newspapers r already writin him off. I mean our image abroad has bn battered by drug peddlin youths & wire fraudsters d last tin we nid is 4 d whole world 2 call us fools because dem tinubu & obama put d vegetarian in power.

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

May God continually bless your wisdom, 75% of PDP members make the APC today starting from the senate President BUKOLA Saraki, two term gorvenor of Kwara state and senator all under PDP, plenty of them like that, they are all lizards​ in PDP claiming to be an alligator in APC.

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

he looked for the trouble he got served with. no leader threatens his own people. that was the first mistake buhari made that led to his abysmal failure.

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

Lies. Buhari is not intellectually sound.

elda2303:
And your beloved president didn't enrich himself while in power the 1st time around. Why do u guys keep buying into d hocu pocus of this dudes sainthood. He was s**t the 1st time around & ders no adjective to describe him now..

sorry, maybe some of us are in the dark, can you please tell us one of his investment you know? point of correction our president. And I want to make it clear to you that I don't belong to any party neither am I a fan of any politician I only judge things the way I see it without any religious, ethnic or tribal bigotry which I believe 90% of naralanders do. Remember we are all human beings and are bound to make mistakes which is subject to be corrected, therefore we should stop criticizing someone who is battling with ailments and blame ourselves for the country's failure because we all contributed in one way or the other whether we like it or not the truth is always bitter.

You cant give what you don't have. I hav always maintain that buhari has nothing to offer Nigeria and Nigerians, and i hav been proven right over and over again.

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

so u re stil blamin pdp 4 apc failure. Plz dnt b sentimental nd grow up 4 once

the guy is even smiling maybe he thinks they are praising him.

Lol
Were is Omenka the Benue clown,beremx the she goat,and all the sophisticated accomodators

michoim:
What a poor news media! Yet we have started exporting yam and we will be self sufficient in rice production by November 2017 saving us US $10billion annually that was normally spent by previous administrations in importing rice.
This is how this foreign news media influenced by some biased Nigerians working for them overseas, misinformed people the way they are currently instigating Americans against Donald Trump.

Well...that's good news...but it would be MUCH better if we used the rice and yam to invent products that we could sell for higher profit.

We cannot be a continuous exporter of raw materials and food crops. Because when the prices of the raw material you sell go down....all the benefits go down too.

agabusta:
Dont mind them, as if diversification is something that happens overnight. Where is the funds to invest that can make it happen overnight? And this is even in view of our very heavy recurrent expenditure that cannot be wished away just like that.

If you read the actual article that I just uploaded before your comment, you'll see that the article though critical of Buhari was not as bad as reported by 'The Cable'. The areas which seemingly credited the current Administration was cropped out by 'The Cable'.

Mugu (MTN) never pay your trillion?

Owo 'zero-budget' yin o ti pe ni?

Fowler no fit perform him 'Lagos magic' again?

What about your Chinko yuan deal?

ddippset:
The biggest problem of this country today is that we have a certain political party who call themselves the PDP. They had promised to be in power for 60 years. They rigged 1999, they rigged 2003, they rigged 2007, they rigged 2011. Then they had a weak president in 2015 who was afraid to rig. Their body language now is to make the country ungovernable for the APC. But sorry to burst your bubble, the APC is not gej. By hook or by crook they will win 2019, 2023, 2027 and 2031. PDP should be ready to play opposition till 2035 at least.

Ehya.. PDP is ur own nightmare, why don't u do the needful.. jump into the lagoon to end ur miseries and frustrations once and for all.

[quote author=whirlwind7 post=58414471]Fact.
A fact so obvious to anyone with half a brain, you will have to wonder why his online asslickers, especially here on NL could still summon the courage and shamelessness to support an intellectually bereft relic. You'd think they didn't know how woefully he performed in 1984. It was Tunde Idiagbon who actually did all the job, while Bubu, as the military head of state, took all the glory.

Pardon him for he knows absolutely zilch about running any economy. What about his anti corruption and anti terrorism crusade? If he doesn't have the foggiest idea of demand and supply and market economy, what about his so called integrity that wouldn't permit any thieving politician or any deranged jihadist to walk free?

all people lik yu knw hw to do best is blow grammer .... if yu ar given d presidential sit yu wil fail @ -0.5%

Sylva2147:
All this your grammar and preaching as if when you are given the opportunity to be the president you can do any better. please try and check the record of the past presidents and the head of state of this country and the riches they acquire then you will stop blaming the old man. I know that most Nigerians need a leader who will always give them money and discouraged them from doing any hard work so as to continue to kiss his feet.

What rubbish are you spitting?
Among the past presidents, how many contested for the position as much as Buhari did?
Which one of them went about it like his very life depended on it?
Why am I even responding to your pointless crap? Is it now a matter of what I myself could do? I am not contesting, and not everyone of us would become a president.

Since Bubu has proven to be a failure, plus his ill health further incapacitating him, why can't he just resign and let's have a breather? Don't quote me if you got nothing meaningful to say.

ddippset:
I am a million percent convinced that President Buhari had noble intentions in running for and assuming the seat of the presidency. Unfortunately he has been hampered by ill health and militancy. Yes militancy. For a period of over one whole year the Niger delta avengers blew up pipelines at will and the international oil market was far from booming. A barrel of nigerian oil got as low as 40$ per unit. It takes money to make money. It takes money to grow an economy. Nigeria is neither europe nor america and the author fails to realize this. The Nigerian economy defies the indices used for his experimentation. In europe and america there are no ipobs and boko harams. in europe and america the economy is not based on a single product, it is based on several products; it's already a diversified economy. In europe and america people don't loot money in billions. After over 30 years of looting and corruption we have to expect another 30 years for the country to be fixed. Ironically the same pdp which superintended over the destruction of Nigeria today see themselves as the messiahs, the God-sends, the ones to take us to the promise land, and they feel neither shame nor remorse in telling us that to our faces.

See Minister of DEFENCE.

Sylva2147:
sorry, maybe some of us are in the dark, can you please tell us one of his investment you know? point of correction our president. And I want to make it clear to you that I don't belong to any party neither am I a fan of any politician I only judge things the way I see it without any religious, ethnic or tribal bigotry which I believe 90% of naralanders do. Remember we are all human beings and are bound to make mistakes which is subject to be corrected, therefore we should stop criticizing someone who is battling with ailments and blame ourselves for the country's failure because we all contributed in one way or the other whether we like it or not the truth is always bitter.

There was noting tribal or remotely religious about the post... Since he has come back to redeem himself; Score him...? Guess there's no president like him we can as well give him another chance to correct this set of mistakes that's if he has made any in your view. The blame is enough to go round but the point is he wasn't elected for us to blame ourselves it so he can come up with ideas 2 help us with our mistakes like u said & of which he is yet to do.. His ailment is a redundant excuse if he is sick or hiding because he is bereft of ideas he knows what to do & he would be seen as a Great Statesman. So this has noting to do with tribe or religion I could careless about that.

michoim:
What a poor news media! Yet we have started exporting yam and we will be self sufficient in rice production by November 2017 saving us US $10billion annually that was normally spent by previous administrations in importing rice.
This is how this foreign news media influenced by some biased Nigerians working for them overseas, misinformed people the way they are currently instigating Americans against Donald Trump.

Lie mohammed is that u Keep lying to urself if that makes u feel better u hear.