Caseless:
Sai baba!

Those of us who supports this government believe there's a genuine effort to get this country working and rescue it from the path of destruction and collapse it has been set for 16 years. Only those who benefit from the flaw and failure of the system are calling for a return to the old order.


I do not believe at this point that there's that leadership driven by honesty that I can dream of that's more than the one being headed by Buhari.


May God bless him and his entire team.

sanpipita:


we are doing badly from what was obtained before that's the point

AfroBlue:


circa 2015, courtesy of NL



Nigeria’s Treasury ‘virtually Empty’ Says Buhari. - Politics - Nairaland

https://www.nairaland.com/2397693/nigerias-treasury-virtually-empty-says

sanpipita:


What concerns our GDP growth with treasury, and you really believe the empty treasury story from a known liar like Buhari

Olawalesmarter:


You are just saying what you don't know. CBN said 60% of the Investment came from him, they only helped him with 40%. You don't even know anything about Economy, Someone would start a Project like that and he is not going to invest much of his Own Money? at least he must be ready to supply 50% of the Capital, so he supplied 60% of the Capital.

Nigerian Billionaire Aliko Dangote To Borrow $3.3 Billion For Refinery Project

https://www.forbes.com/sites/mfonobongnsehe/2013/08/28/nigerian-billionaire-aliko-dangote-to-borrow-3-3-billion-for-refinery-project/amp/

diadem10:
Sai Baba. Despite earning 60% less than Jonathan due to fall in the price of crude oil from 110 dollars per barrel under Jonathan to a paltry 50 dollars under APC administration yet Buhari has done much more. Baba 2much projects, na next level we dey go jare. God bless Buhari.





Jonathan sank us into recession by looting us dry during the time of plentiful.

Despite Buhari administration earning 60% less yet he's come up with plenty projects such as

Our railways at itakpewarri, Lagos-ibadan, kaduna-abuja etc,

The production of low cost fertilizers,

Zik maoseleum

Baro inland port,

Rice mills,

Foreign reserve increase from #26b to #43b,

Construction of our express highways such as enuguonitsha, Lagos-ibadan etc.

Social policy schemes such as tradermoni, npower etc

And most especially, stabilizing us through this recession which happened because jonathan failed to save despite earning 60% more than Buhari coupled with the fall in the price of crude oil from #110 per barrel in 5 years under Jonathan to a paltry #50 per barrel under Buhari administration yet Buhari was able to keep us afloat while having many projects to his name thereby surprising Ngozi Iweala and Charles Soludo who predicted recession because jonathan failed to save during the time of plentiful.

Sai Baba. PDP, Neva again.

grandstar:



Jonathan sank us into recession by looting us dry during the time of plentiful.

You stated the above. Who told you so?

That is a constantly reoccurring myth that is not backed up by facts

The nation's economy collapsed due to the exchange control policies Buhari introduced upon assumption of office which led to severe forex scarcity that deprived companies of dollars to import raw materials and other goods which led to them closing down and massive layoffs followed. This had a torpedo effect on other parts of the economy and before long, the economy was in the grip of a severe recession that lasted 6 quarters. It was only when there was a partial reversion of the policy that brought about an improvement in forex supply and the mild economic recovery the country is presently experiencing

If Buhari had simply maintained the policies he had inherited, I doubt there would have been a recession. Perhaps at worst a slowdown followed by a recovery. Economic growth however would only be between 4-5% but still better than the 1.81% it recorded last year. That did not even meet the population growth rate of 2.6% meaning Nigerians grew poorer and per Capita income fell.

Jonathan was fiscally reckless and there was lots of corruption under his watch. To however blame him for the severe recession that followed will be a stretch. The bucks stops at Buhari's door.

Please read the article below- its from Lamido Sanusi

https://www.nairaland.com/4861949/lamido-sanusi-laments-buharis-economic

supereagle:

They won't like this statement.

grandstar:


Nigeria's population growth rate is estimated at 2.6%. An economic growth rate of 2.38% does not even meet up with the population growth rate which simply means Nigerians are getting poorer.

From 1999- 2013 the economy grew by 6% annually which led to a doubling of the GDP during that time.

The country needs to grow by at least 7% to create enough jobs to cater to those entering newly into the labour force annually.

porka:


You are talking to the wrong person.

You people are so uninformed. Everything is CBN. All you people know is not more than the CBN, that's why you think everyone who is successful must have stolen money from the CBN while only rich people can eat rice.

In real life, things don't follow the 50/50 ratio they taught you in your 100 level. They probably taught you that to help you with the background. Things are more sophisticated than that out there.

Open the link below and get exposed. You can also use google once in a while. It won't kill you.

grandstar:


Nigeria's population growth rate is estimated at 2.6%. An economic growth rate of 2.38% does not even meet up with the population growth rate which simply means Nigerians are getting poorer.

From 1999- 2013 the economy grew by 6% annually which led to a doubling of the GDP during that time.

The country needs to grow by at least 7% to create enough jobs to cater to those entering newly into the labour force annually.

Smile4daddy:

Attention seeker. You want me to come down to your level?

You just haven't seen Nigeria from my position.

I cannot come down to your level.

But I will advise you don't allow hate consume you, Atiku dollars might not get to you but Buhari's impact will be felt in your village. Use your brain.

diadem10:


Will you keep quiet? Soludo and Iweala all predicted recession no matter who wins between Jonathan and Buhari in 2011 because Jonathan failed to save during the time of plentiful coupled with the falling crude oil price. Abi you were living under rock then?

Okoroawusa:
If I no vote Buhari wetin I gain?

diadem10:


Will you keep quiet? Soludo and Iweala all predicted recession no matter who wins between Jonathan and Buhari in 2011 because Jonathan failed to save during the time of plentiful coupled with the falling crude oil price. Abi you were living under rock then?

grandstar:


Econimic predictions are never 100% accurate. A recession could have been awarded .

Give Buhari America's economy and he'll ruin it. The man's principled nature is respected but his economics no be am. The economist magazine said another 4 years will be a disaster for the economy. So true!

diadem10:
Sai Baba. Despite earning 60% less than Jonathan due to fall in the price of crude oil from 110 dollars per barrel under Jonathan to a paltry 50 dollars under APC administration yet Buhari has done much more. Baba 2much projects, na next level we dey go jare. God bless Buhari.





Jonathan sank us into recession by looting us dry during the time of plentiful.

Despite Buhari administration earning 60% less yet he's come up with plenty projects such as

Our railways at itakpewarri, Lagos-ibadan, kaduna-abuja etc,

The production of low cost fertilizers,

Zik maoseleum

Baro inland port,

Rice mills,

Foreign reserve increase from #26b to #43b,

Construction of our express highways such as enuguonitsha, Lagos-ibadan etc.

Social policy schemes such as tradermoni, npower etc

And most especially, stabilizing us through this recession which happened because jonathan failed to save despite earning 60% more than Buhari coupled with the fall in the price of crude oil from #110 per barrel in 5 years under Jonathan to a paltry #50 per barrel under Buhari administration yet Buhari was able to keep us afloat while having many projects to his name thereby surprising Ngozi Iweala and Charles Soludo who predicted recession because jonathan failed to save during the time of plentiful.

Sai Baba. PDP, Neva again.

sanpipita:


What concerns our GDP growth with treasury, and you really believe the empty treasury story from a known liar like Buhari

diadem10:

Will you keep quiet? Didn't Charles Soludo and Iweala predicted recession in the coming due to the failure of not saving by Jonathan? Abi this one dey mad ni?

AfroBlue:


have u ever cracked open a economics or finance book? and the FG through a court order just collected a billion or so in bank accounts and assets from madame peace.

please allow me to save u some time and effort.

What is a Capital Project
A capital project is a long-term, capital-intensive investment project with a purpose to build upon, add to, or improve a capital asset. Capital projects are defined by their large scale and large cost relative to other investments that involve less planning and resources.

BREAKING DOWN Capital Project
A capital project is one in which the cost of the product is capitalized or depreciated. The most common examples of capital projects are infrastructure projects such as railways, roads, and dams. In addition, these projects include assets such as subways, pipelines, refineries, power plants, land, and buildings.

https://www.investopedia.com/terms/c/capital-project.asp


.

deji17:
Don't mind those people, they are very poor at addition and subtraction. They do not realise that when you continue to deduct 2 from 7, after 4 deductions , you will end up in negative growth. Some of them do not even know what it means for an economy to go into recession.. Pardon their ignorance please.

sanpipita:


Who is talking abt recession here, do you have bomb in your head? its been four years now and you zombies are making blames, even this growth fails short of APC economic recovery target, stop defending failure.

diadem10:


As long as our Forex rate is at poverty level coupled with little saving thanks to Jonathan as well as fall in the price of crude oil, nothing much can be done. Only eediots like yourself is crying wolf even as same eediots like yourself are hell bent in reinstating looters. Yeye

sanpipita:


GDP growth is the issue here, bet you know you can't argue against that, talking abt looters you mean looters like Tinubu? Akpabio? Gandollar? or what anyway I won't waste any more time with a zombie like you.

sanpipita:


You are one being ignorant, its been four years now and there's still negative growth, rather than see this govt had failed you are looking for blames.

sanpipita:



Madam Peace assets has nothing to do with treasury stop being daft, if you insist from which ministry or agency did her assets come from?

diadem10:
Sai Baba. Despite earning 60% less than Jonathan due to fall in the price of crude oil from 110 dollars per barrel under Jonathan to a paltry 50 dollars under APC administration yet Buhari has done much more. Baba 2much projects, na next level we dey go jare. God bless Buhari.

Jonathan sank us into recession by looting us dry during the time of plentiful.

Despite Buhari administration earning 60% less yet he's come up with plenty projects such as

Our railways at itakpewarri, Lagos-ibadan, kaduna-abuja etc,

The production of low cost fertilizers,

Zik maoseleum

Baro inland port,

Rice mills,

Foreign reserve increase from #26b to #43b,

Construction of our express highways such as enuguonitsha, Lagos-ibadan etc.

Social policy schemes such as tradermoni, npower etc

And most especially, stabilizing us through this recession which happened because jonathan failed to save despite earning 60% more than Buhari coupled with the fall in the price of crude oil from #110 per barrel in 5 years under Jonathan to a paltry #50 per barrel under Buhari administration yet Buhari was able to keep us afloat while having many projects to his name thereby surprising Ngozi Iweala and Charles Soludo who predicted recession because jonathan failed to save during the time of plentiful.

Sai Baba. PDP, Neva again.

sanpipita:



https://www.vanguardngr.com/2015/02/nigeria-records-5-94-gdp-growth-in-q4-2014-nbs/

diadem10:


Will you keep quiet? Soludo and Iweala all predicted recession no matter who wins between Jonathan and Buhari in 2011 because Jonathan failed to save during the time of plentiful coupled with the falling crude oil price. Abi you were living under rock then?