₦airaland Forum

Ahead of a possible ballistic war between two unstable and unpredictable world leaders, North Korea’s Kim Jong-un and America’s Donald Trump, Nigerian leaders are already deploying their own warheads in surrogate warfare. As Kim publicly tests his warheads which brought out counter threats from America’s Trump, ex-President Goodluck Jonathan fired his own warhead in the statement that he left a robust economy. Buhari didn’t allow it land before sending his, through Garba Shehu, his Media Assistant, that Jonathan presided over a serially raped economy. Replying on claim that, but for the oil price collapse, Buhari would have fared more excellently, Reno Omokri, a Jonathan aide, shot another warhead: “Oil constitutes only 15% of Nigeria’s GDP and thus a fall in the price should not lead to a collapse of the Nigerian economy.”
In convincing Nigerians on who runs or ran a better economy, Buhari and Jonathan unfortunately deploy highly technical economic terms which have no place in Nigerian people’s lexicon. What the people know is, in 2015, a kongo of gari cost X and today, it is X2; they needed Y amount to cook draw-soup during Jonathan era and now, it is Y3. All the dogo turenchi about oil, GDP and other economic jargons are absolute nonsense, as far as the people are concerned. If they didn’t know, a spiral in GDP does not equal social growth. On this score, the Buhari government gets greater people’s scorn. Yes, Nigerians are aware that the theft of their money under Jonathan was massive but they also have empirical evidence that government money is still being liberated into personal coffers today. If in doubt, look at a National Corruption Report released during the week which says that even under the nose of self-touted Seriki Amana, $4.6b bribe exchanged hands. Let Buharists dwell less on economic technicalities and work on verifiable ways of changing the lives of the people.

Originally written by Festus Adedayo on his column Flickers on Sunday Tribune. See link here http://www.tribuneonlineng.com/waec-results-awos-mud-classrooms-govs-model-greed/

observing

Ayam not understanding but kontinue

U've made the point that an average Nigerian can relate to, what you bought with A before 2015 can be bought with A5 now, u can buy rice, beans, dodo and a piece of meat for #300 back then, and get satisfied, but with the same amount now, you can't buy 50percent of the aforementioned.
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Does, Apc supporter ever thinks about that, what the are good at is the EXCUSE AND BLAME GAME, quote me stupidly and thunder struck you angrily.

So na today e start? Nonsense, I used 5 naira to buy biscuits in 2009, I couldn't use d same when hero jona was done. U guys think inflation is a one year stuff. Tell me, when was d last time some of u ever used naira coins? Inflation is not just a phenomena dat springs up any day, a fertile ground was made by GEJ as far as I am concerned. No kudos to Buhari either. U are using GDP to blind illiterate, well I am not one of them. Oil has never been d largest component of our GDP in 2014 it was 9% and as of 2016 it stood at 8.3%, but the irony here is that oil has been d major source of revenue to the government. GDP has numerous component, d highest contributor been service industry, den we hv agriculture nd constriction, none which rakes in what oil does. Rather the service industry takes more from the coffers of the country, this is because of the unproductive nature of the Civil service, both state nd federal. What GEJ would hv compared was d amount of money oil brought in during his regime, nt GDP. U can fool all d people most of the time, but u can't fool all d people all the time. Pls before anyone starts insulting me, he or she should pick an economies text book nd read of GDP or go through d records on d National Bureau of Statistics site.

asfrank:
So na today e start? Nonsense, I used 5 naira to buy biscuits in 2009, I couldn't use d same when hero jona was done. U guys think inflation is a one year stuff. Tell me, when was d last time some of u ever used naira coins? Inflation is not just a phenomena dat springs up any day, a fertile ground was made by GEJ as far as I am concerned. No kudos to Buhari either. U are using GDP to blind illiterate, well I am not one of them. Oil has never been d largest component of our GDP in 2014 it was 9% and as of 2016 it stood at 8.3%, but the irony here is that oil has been d major source of revenue to the government. GDP has numerous component, d highest contributor been service industry, den we hv agriculture nd constriction, none which rakes in what oil does. Rather the service industry takes more from the coffers of the country, this is because of the unproductive nature of the Civil service, both state nd federal. What GEJ would hv compared was d amount of money oil brought in during his regime, nt GDP. U can fool all d people most of the time, but u can't fool all d people all the time. Pls before anyone starts insulting me, he or she should pick an economies text book nd read of GDP or go through d records on d National Bureau of Statistics site.

Oga park well. Like the writer said, we don't need all your epistles and blame game. We need practical things we can relate to. #5 biscuit was still on sale by the time Jonathan left. There were no radical changes in price between 2009 and 2015 compared to when your god took over.