₦airaland Forum

Newpride:
By making our economy collapse?



Kemi Adeosun has not made our economy collapse in any way dude. Get ur fact straight and stop listening to political comments from politicians.

And u insist she does, her policy only collapse ur life because u are lazy and stupid.
Idiot lazy ipob youth. Better go and face ur sit at home nonsense and stop quoting me.

The primary blame for the collapse of the economy and the recession lies at Buharis door. His uneconomic pegging of the currency at 197 to a $1 upon assumption of office in May 2015. Utomi, Soludo and Sanusi blamed the exchange controls for the severe artificial scarcity it created and the recession that resulted from companies deprived of Forex closing shop.

Adeosun on the other hand is at worst unfit for the post or a lightweight at a time economy was in a downward spiral and needed the Mourinhos, the Zidanes, the Guardiolas of the economics world.

A finance minister that wants to pump prime or reflate an economy facing stagflation isn't fit for the post.

Stagflation is when your economy is stagnant and inflation is high.

Pump priming is only applied to economies that are either stagnant or in recession or depression but are either suffering from deflation or very very low inflation.

The reason why is that if money is pumped into the economy, it will not result to high inflation.

The United States during the early years of the Obama administration used a mixture of massive spending and quantitative easing (another means of flooding the economy with cash) yet annual inflation never touched 2%.

Nigeria's inflation was already in double digits or 10% or more. When the government started pumping money into the economy, inflation stated to rise fast. The CBN started mopping up the cash.

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HIGHESTPOPORI:
Paper Talk,APC in 3yrs,has borrowed more than PDP borrowed in 16yrs,where is the money,oil never sold for 29dollars for more than a month,its 80 dollars now,why are we stil paying for subsidy while buying fuel for 145 instead of 85 under Ngozi?

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What exactly did 16 years of PDP, okonjo and Jona do to better your life with the largest earnings in the history of Nigeria?


Did they give you good roads, bridges, good healthcare, quality education, stable electricity, jobs, vibrant and diversified economy, good and functional refineries, petrochemical plants, iron and steel mills, hudge savings and foreign reserves and so on?

https://www.youtube.com/watch?v=ltrsjqTE_p8


Former Hon. Min. Dr. Ngozi Okonjo-Iweala who doubled as the Coordinating Minister of the Economy -- claims that HE Former Pres. Jonathan, GCFR administration lacked political will to save

The same incompetent and overrated woman admitting how she failed and how useless Jona set us up to fail.


I really don't need any ignorant rubbish from you ipobs, okonjo herself clearly explained Jona's failure and her own failure too.

You people just need to keep quiet.

deomelo:
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What exactly did 16 years of PDP, okonjo and Jona do to better your life with the largest earnings in the history of Nigeria?


Did they give you good roads, bridges, good healthcare, quality education, stable electricity, jobs, vibrant and diversified economy, good and functional refineries, petrochemical plants, iron and steel mills, hudge savings and foreign reserves and so on?





The same incompetent and overrated woman admitting how she failed and how useless Jona set us up to fail.


I really don't need any ignorant rubbish from you ipobs, okonjo herself clearly explained Jona's failure and her own failure too.

You people just need to keep quiet.

The people are wiser