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Nigeria Needs A President Who Understands Economy – Obasanjo - Politics (4) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria Needs A President Who Understands Economy – Obasanjo (29976 Views)

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Re: Nigeria Needs A President Who Understands Economy – Obasanjo by Omar09(m): 1:15pm On Oct 10, 2018
ChrisMafian:
If that's the case then Baba is the right option. His achievements in his past 3 years in office proves that.
His achievements in his past 3 years in office proves what? Dude Bleep you. Are you not in this Nigeria seeing how we are plunged into immerse poverty? I hope you fucking die in your sleep bro.
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by callixibe: 1:20pm On Oct 10, 2018
ChrisMafian:
Ipob online miscreant, so its Atiku the international thief that understands the economy?
Atiku 85% Bihar 15% Therefore Atiku is better
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Re: Nigeria Needs A President Who Understands Economy – Obasanjo by Maayoor: 1:28pm On Oct 10, 2018
These analogue politicians are all the same. We don't need to support them as they have turned Nigeria politics to clique thing. We need to support young people now. What was Atiku's achievement with Obasanjo?
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by Delivar(m): 1:33pm On Oct 10, 2018
Donbrig:
Exactly why we need Atiku to take over in 2019. We cannot continue to live like slaves in our own country. Buhari has never established a business or written a book, how would he know anything about economy. I hope and pray Atiku choses Adesina from South West, so we can handle Osinbajo's influence in SW and get their huge voters supports. South East should understand the battle to rescue our dying nation, and we can all talk about regions after the rescue. And I believe South East will still handle critical positions under Atiku's administration.
Atiku doesn't even need the southwest. Picking from the southeast will also get him south south. A combination of southeast and south south will make up for whatever loss from the southwest. Picking from southwest means there will be low voter turnout in the south east and south south and he would also drag southwest votes with Buhari.
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by dannrey: 1:34pm On Oct 10, 2018
ChrisMafian:
If that's the case then Baba is the right option. His achievements in his past 3 years in office proves that.
. You are joking!. Don't you know obasanjo doesn't pay his staff , federal government does.so he is the author of corruption in Nigeria
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by tegrianonigltd(m): 1:36pm On Oct 10, 2018
ChrisMafian:
If that's the case then Baba is the right option. His achievements in his past 3 years in office proves that.
Lol, person wey no even get sharwama spot or phone booth as business.
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by NickD(m): 1:39pm On Oct 10, 2018
ChrisMafian:
Ipob online miscreant, so its Atiku the international thief that understands the economy?
So everyone who supports atiku is an IPOB? leave your tribalism and hatred alone it will do you alot of good. What happened to freedom of speech and association?
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by KingRagnar: 2:00pm On Oct 10, 2018
If that's the case, then PMB is the best option following his achievements in the last three years
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by Nobody: 2:03pm On Oct 10, 2018
KingRagnar:
If that's the case, then PMB is the best option following his achievements in the last three years
Cc lzaa jumpandpas eternaltruths greenback

Re: Nigeria Needs A President Who Understands Economy – Obasanjo by Otunba2004(m): 2:03pm On Oct 10, 2018
Donbrig:
Exactly why we need Atiku to take over in 2019. We cannot continue to live like slaves in our own country. Buhari has never established a business or written a book, how would he know anything about economy. I hope and pray Atiku choses Adesina from South West, so we can handle Osinbajo's influence in SW and get their huge voters supports. South East should understand the battle to rescue our dying nation, and we can all talk about regions after the rescue. And I believe South East will still handle critical positions under Atiku's administration.
I am a Yoruba man but I can't buy this your idea,,, he should choose his VP from south east bcoz we can't give Atiku 60% of our vote, but Eastern era can give over 80%
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by Themandator: 2:38pm On Oct 10, 2018
I get angry knowing that some people forced this Dillard on Nigerians just to ruin the good works of PDP thereby enabling highwired rape and robbery of the common purse.

Lifeless threw the economy recession with just one policy: TSA

He wasn't the originator. PDP was. It was not a punishment tool to get at people like Atiku. No . It was a financial leakage management policy .

But lifeless came in and weaponised it.

The entire west was experiencing economic meltdown that demanded that they recall some of their foreign investment to support a reinflation of their home economy. While these guys were pulling out their finances from Nigerian banks , lifeless was ordering the same banks to transfer all government deposit back to CBN.
By the time the venture capitalists pulled out their funds and government took out theie deposit , the banks has no choice but to go after loans defaulter like the oil marketing companies and carry out massive retrenchment. The rest is history.


That was the genesis is our recession

eleojo23:
Exactly...

That is why the country is in this mess today.
Buhari doesn't understand economy at all. What does he even understand sef? sad


It pains me that many of us spent time on education to get good qualifications and exposure yet we are been governed by a clueless man who can't find his O'level certificate.

The guy cannot even think on his feet without reading from a script.

Heck, even majority of the teenagers on this Nairaland can do better than this Buhari.
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by Kfed4ril(m): 2:39pm On Oct 10, 2018
ChrisMafian:
If that's the case then Baba is the right option. His achievements in his past 3 years in office proves that.
Bros what achievementshuh grin grin
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by Themandator: 2:44pm On Oct 10, 2018
Donald what? What is the name of his business? What is his pedigree . Nigeria is looking for people with personal result.

ItzBIM:
In that case vote Donald duke...enough with recycling this same old pensioners.

Doing the same thing over and over again and expecting a different result is insanity.
- A wise man.
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by BestDude: 3:07pm On Oct 10, 2018
Themandator:
Donald what? What is the name of his business? What is his pedigree . Nigeria is looking for people with personal result.
Haba.. Don't tell me u don't know?
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by winj3: 3:14pm On Oct 10, 2018
NIGERIA NEEDS CITIZENS WITH COMMONSENSE!
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by ogatboy(m): 3:55pm On Oct 10, 2018
My educated friends abroad will laugh at me if I vote an uneducated guy to rule over à nation. Just like Donald Trump, Atiku may not be the best, but his strive in business means he can move the economy forward. Trump is not à great guy in many areas but he was successful in business and American economy is in progress (lowest unemployment rate in the last 47years).
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by COMPAQ(m): 4:23pm On Oct 10, 2018
BrutusOj:
You sabi book my brother. Atiku is an industrialist, having served in the capacity of a custom boss, he will do us more good than the retired dictator a.k.a herdsman. Nigerians, let' Atikulate for a better Nigeria come 2019
So serving as a customs boss makes you an industrialist??
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by biztip: 4:30pm On Oct 10, 2018
dats d only problem I have wit buhari
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by lucy10(f): 4:33pm On Oct 10, 2018
How can a man who doesn't know how to wear a head phone understand economy, Buhari must go come 2019.
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by COMPAQ(m): 4:43pm On Oct 10, 2018
Themandator:
I get angry knowing that some people forced this Dillard on Nigerians just to ruin the good works of PDP thereby enabling highwired rape and robbery of the common purse.

Lifeless threw the economy recession with just one policy: TSA

He wasn't the originator. PDP was. It was not a punishment tool to get at people like Atiku. No . It was a financial leakage management policy .

But lifeless came in and weaponised it.

The entire west was experiencing economic meltdown that demanded that they recall some of their foreign investment to support a reinflation of their home economy. While these guys were pulling out their finances from Nigerian banks , lifeless was ordering the same banks to transfer all government deposit back to CBN.
By the time the venture capitalists pulled out their funds and government took out theie deposit , the banks has no choice but to go after loans defaulter like the oil marketing companies and carry out massive retrenchment. The rest is history.


That was the genesis is our recession
Though Buhari caused the recession, it wasn't caused by TSA. It was due to his stance on forex when the oil price fell. Instead of allowing the naira to devalue, he tried to protect it by restricting supply from CBN, banning products from accessing forex and keep portfolio investors from repatriating their money which caused a spiral effect on the black market rate, caused slowdown in production due to unavailability of forex for critical raw materials etc. Not TSA!!!
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by bigpicture001: 4:55pm On Oct 10, 2018
Zi:
You that understand Economics, did you give us light? 24hour electricity? How many billions did you siphon from Electricity projects? Mtcheeeeew

OBJ is one of the problems Nigeria has!
.....must u be high at all time..? plz leave the beer parlour
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by COMPAQ(m): 5:00pm On Oct 10, 2018
cutechioma1:
People keep saying we should look at the bigger picture but the truth of the matter is that things are really difficult and expensive now. You can't find a common #5 biscuit or sweet to buy and the so called #10 ones has been over measured squarely with ruler to make sure you will hate eating it again. Before 2015 golden penny spaghetti sold at #120 could be used as breakfast for my entire family but now the #220 same spaghetti can't even feed 3 of my children and its still called 500g. For those supporting this govt, I don't really know where you buy your stuff or are you blinded by hero worship to see that its not just about being a good leader but also a good manager. Yes the previous administration looted our funds but they were still able to manage our resources that the common was still able to put food on the table. Pls let's not be blinded by heroism and make a better choice that will feed our families.
The thing is though that neither of them managed anything! The increase in cost of living is due to higher exchange rate since we are an import dependent economy, which was caused by reduction in crude prices (and therefore reserves) which is not really in the governments control.
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by BrutusOj(m): 9:16pm On Oct 10, 2018
COMPAQ:
So serving as a customs boss makes you an industrialist??
google is your friend. Type Atiku Abubakar, his profile will tell you more.
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by ofwest47(m): 9:57pm On Oct 10, 2018
Obasanjo, including you? see a man who had handled this country for over eleven years. As military head of state for over 3 years and as civilian President for 8 years he should let us know how much of the economy he was able to understand . especially in the 16 billion dollar power project with no traceable results .However he boasted that at least he was able to create at least 25 billionaires including the richest woman in West Africa Mrs Alakija inclusive and like Atiku and Ibrahim and Ibrahim Babangida he too was able to own a private Univesity aside from several billion Naira poultry farms imagine both former heads of state and a custom officer owning individual private universities
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by sirhood: 12:19am On Oct 11, 2018
ItzBIM:
He didn’t stay enough to draw a proper conclusion
yea but he kinda tried sha like bringing peace to niger Delta region.
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by Themandator: 5:55am On Oct 11, 2018
COMPAQ:
Though Buhari caused the recession, it wasn't caused by TSA. It was due to his stance on forex when the oil price fell. Instead of allowing the naira to devalue, he tried to protect it by restricting supply from CBN, banning products from accessing forex and keep portfolio investors from repatriating their money which caused a spiral effect on the black market rate, caused slowdown in production due to unavailability of forex for critical raw materials etc. Not TSA!!!
Alright. I give it to you but forex and naira devaluation or defence didn't shut down Onne. TSA did. It was when the government insisted that all revenue with government share must first come into the single account that Onne was shut. While Intel argued that it had an a written agreement with government and the banks and had been fulfilling it government said they wanted the revenues first in total and then would work out the part that would go to intel, frommwhich they were Sette there bank obligations. That was hhow over fifty companies got grounded


Forex is not the reason tank farms retrenched more than 80 percent of their staff strength. TSA and government refusal to offset it indebtedness to them causes it. I do business with depots so I know in practical terms why they haven't been able to bring in products and many have removed under locks and keys.


Government owes the depots who in turn owes the banks . Government goes the banks to ask for transfer of their deposit back to CBN. The comply . This affects their liquidity, the in turn approach the depots to make good their indebtedness even though they know where the money is. Depots can't meet the obligation. Receivers are pointed to take over the Depot facility , stafdare sent home. One just happened last month again

In just Calabar alone there over 20 depots but not to five today is doing real business. Many have remained shut since last year
Re: Nigeria Needs A President Who Understands Economy – Obasanjo by GetCofOProperty: 8:28am On Oct 11, 2018
The former president is always talking... He is opinionated. However, what I can observe from him is that he'll never allow his former VP get to Aso Rock. The Cold war had been there since his 3rd term bid in 2006/2007.

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