God will punish Nigeria yahoo Yahoo government for destroying our currency and economy

The story is essentially about how foreign investors have lost some confidence in Nigeria's economy. The main ingredient for them is the worry over the rule of law attitude of the present administration. They can not trust whimsical tyranny.

seguno2:
Concerning price control, let those who have eyes read the comment below and do the needful.

Good post. I have been saying it over and over again on this site. But people will come and abuse me well well, and call me 'Capitalist oppressor'.

You cannot pay N2000 for N2000000 service.

chibjohn:

You just said my mind. There couldn't have been a better analogy. I am a stakeholder in the power industry and know that till Nigeria fixes cost reflective energy tariffs and criminalises energy theft we would never have constant power supply.

Its the same with petrol. Do you know that average usage per person in developed countries is on average 1000 times a Nigerians usage.

Energy Users per Capita
Nigeria 700.7 kg of oil equivalent per capita
United States 7050.6 kg of oil equivalent per capita

They subsidise and feed us a tiny bit and we expect to grow.

It's the biggest problem facing Nigeria today. If we too have Power, we will be fat like the Americans!

leokid866:


Sure Blame the man at the top, like he is the only one involved in all this.

I don't know, who else should we blame? The common man?

He's supposed to surround himself with intellects and the best brains, and employ professionals into ministerial positions. That's what they do round the world. The fact that he's illiterate is detrimental enough, but he needs to fix round pegs in round holes. Employ the best heads. Don't just reward party faithfuls. It doesn't get us anywhere.

You people just believe in exonerating the president of all his woes. So if we don't hold him accountable, who then? PDP?

The day any APC sycophant beg me for money will be the day he/she will see the other side of me.
The old man is planning another fruitless trip to Saudi Arabia......

leokid866:


Sure Blame the man at the top, like he is the only one involved in all this.

Thank you. They know not

HeyCorleone:


I don't know, who else should we blame? The common man?

He's supposed to surround himself with intellects and the best brains, and employ professionals into ministerial positions. That's what they do round the world. The fact that he's illiterate is detrimental enough, but he needs to fix round pegs in round holes. Employ the best heads. Don't just reward party faithfuls. It doesn't get us anywhere.

You people just believe in exonerating the president of all his woes. So if we don't hold him accountable, who then? PDP?

No one is exonersting the president 100%. But you must also look at the type of society you live in. You are talking of choosing the best. How can you choose the best wjen the entire pool is rotten

Suplexx:
The equity collapse began in 2014.
...............

Stock market: Investors lose N3.23trn in 2014
ON DECEMBER 29, 2014

Investors reaped more from their investment in the global capital market, even though it recorded mixed performance than the Nigerian capital market in the year, 2014. The investors in the Nigerian capital market lost N3.23 trillion or 24.4 percent towards the end December, 19, 2014.

Specifically, the equity market of the Nigerian Stock Exchange, NSE closed last week Friday 19, December, 2014 at N10.0 trillion from N13.23 trillion it opened at the beginning of trading on 2nd January, 2014.

https://www.google.com/amp/s/www.vanguardngr.com/2014/12/stock-market-investors-lose-n3-23trn-2014/%3famp

Who asked u?
To hell with u nd ur dumb president!

This is some deep cutting analysis.

Infact, the economy is bleeding.


How on earth can you walk away from a binding contract and not make provision for the liabilities in your budget?

Why must we be Nigerians in all things, it is not cool to do the Nigerian thing with valid contract, to walk away or show ambivalence after entering any contract. Even with a regime change, the cost implication is normally so much that to walk out of these contracts is foolhardy and who on earth vitiated this contract?

So many damning question begging for answer and so many idiots walking the corridors of power and so many more sign contracts without looking at the fine lines/terms, all for the promise of personal gains.

Only entrepreneurs can shape the Fortune of this nation. The government are confused. Be a part of my business. It's three areas are E-commerce, Agriculture and Electricity. Africa's biggest problems. Support this startup www.tohbam.com/dreams.html Ask me more

Wailers and hailers will read different meanings to this...but none will go home convinced and Challenged to make the difference in their own way.. las las,we are all losers

leokid866:


Sure Blame the man at the top, like he is the only one involved in all this.

Yet from the facts Forbes have presented we see this are issue which the Jonathan government transferred to Buhari. The Sunrise power and P&ID issues dat back to the 2010-2012 period.

Now Buhari has to resolve the matter and reap the harvest. They didn't even show up to court bloody clueless drunkard from bayelsa

Woeful performance by this government. The worst on the economy since the serious contraction of the Abacha years as if we are under international economic sanctions despite the huge resources expended on the many trips abroad, nothing has remotely come to fruition to the benefit of Nigeria. We are seriously under siege in Nigeria to this government. Just a pity.

leokid866:


Sure Blame the man at the top, like he is the only one involved in all this.

The bucks sadly speaking ends with him. He should have created the proper structures or strengthen them.

Fashola's greatest achievement was that he left quality institutions on ground. Put square pegs in square holes.

Suplexx:
The equity collapse began in 2014.
...............

Stock market: Investors lose N3.23trn in 2014
ON DECEMBER 29, 2014

Investors reaped more from their investment in the global capital market, even though it recorded mixed performance than the Nigerian capital market in the year, 2014. The investors in the Nigerian capital market lost N3.23 trillion or 24.4 percent towards the end December, 19, 2014.

Specifically, the equity market of the Nigerian Stock Exchange, NSE closed last week Friday 19, December, 2014 at N10.0 trillion from N13.23 trillion it opened at the beginning of trading on 2nd January, 2014.

https://www.google.com/amp/s/www.vanguardngr.com/2014/12/stock-market-investors-lose-n3-23trn-2014/%3famp

Then we kicked Jonathan away to salvage the situation. Unfortunately, Buhari was far worse. He's a better failure

HeyCorleone:


I don't know, who else should we blame? The common man?

You should "blame yourself"! Though, not "blame", exactly, but take responsibility instead of waiting for government to go up to heaven and bring manna down for you! Anyone with a brain should by now know they will only go to heaven and bring the manna down for themselves. Or have you seen them sending other people's children to American hospitals and London schools?

budaatum:

I don't agree. I think it is mine and every individuals' responsibility to bring this out. And we can start by curing ourselves of our individual ignorance.

We are the leaders. We just don't realise it yet, which is why we are sheep.

Angelfrost:


Just personalize it... Say "I"...

There are many of us, We are legion for We are MANY....

lexy2014:


Who else is involved & y should d man at d top not b blamed?

What about your governor's, senators, house of reps members, LG chairman. If you are going to point fingers point it all around. The president is not the one that will come and fix or develop your state for you.

leokid866:


What about your governor's, senators, house of reps members, LG chairman. If you are going to point fingers point it all around. The president is not the one that will come and fix or develop your state for you.

Twale, my teacher!

shachris02:
cc lalasticlala , Mynd44

A truer picture of our present condition has never been painted.

Interesting times ahead, people.

Obama and the West knew what they were doing when they intervened in Nigeria's 2015 elections.

Nigeria was steadily storming in the economics chart and that meant one thing. Independence from the West.
The imperialists were never going to allow that Luckily for them (and unluckily for Nigeria) they had many foolish Nigerians in their millions who supported their intervention.
Now they have set Nigeria back by decades

PHIPEX:
This govt is a classic example of how not to manage an economy. This is the first time since 1999 that I struggle to remember who is the minister of Finance, that's what happens when a mediocre is in power.

See how we now celebrate sub 2% GDP growth.

Honestly, I don't know who is the Minister of finance. His/her impact is not being felt.

leokid866:


What about your governor's, senators, house of reps members, LG chairman. If you are going to point fingers point it all around. The president is not the one that will come and fix or develop your state for you.

U are absolutely spot on about d roles of other elected representatives but d article is about d national economy. That's d FGs coverage area

Sai Baba

martowskin1:
where are those 30k junkies... we keep telling them that the capacity of this country is too complex for buhari intelligence.....

but they say we are corrupt

they also went on to say buhari is a good man.... to hell with that, who has been a good man help in this world, we need competency....

but since majority of the voters are dumb, they voted for their fellow dumb


next 4yrs will be interesting

Its too complex o. And we dey kuku tell them DRM no dey believe

desmond2pk:
I remember how festus keyamo blasted jonathan before 2015 on how he miss governed nigeria and also destroyed pdp.
He thought it was easy to rule.
Today, he and his people and plunged nigeria to a type of darkness that it would take more than 50 years for nigeria to recover.

Same with Fashola

AngelicBeing:
When you see analysis like this, some morons and frustrated people on Nairaland will be angry especially when you say things the way they are, let them keep supporting the useless government while they remain hungry, poor, haggard and depressed, one was even talking trash to me in another thread but looking at the profile of the dimwit, you will see suffering and lamentations, nonsense

Shebi they're the ones now buying sniper upandan. Its the supporters that are the most hit.

Planet3xi:





Shebi they're the ones now buying sniper upandan. Its the supporters that are the most hit.

l concur with you, let them continue with their blind patriotism, Buhari has gone to Saudi Arabia, he will sleep in the best hotel and eat correct chicken, Turkey and salad while his supporters are starving and dying daily in Nigeria

AngelicBeing:
l concur with you, let them continue with their blind patriotism, Buhari has gone to Saudi Arabia, he will sleep in the best hotel and eat correct chicken, Turkey and salad while his supporters are starving and dying daily in Nigeria

The negative perception about his personality and administration is just too terrible. Since he went to Turkey he became twice the beast he always was,seeing that other fascist holding his country in tight singular grip. Anyways we speak for the people and are insulated by the Almighty from the babaritious nature of his personhood,incompetence and ignorance. God help we truth sayers

This people have more details of the situation in Nigeria than our own reporters.

kennygee:
And the downward spiral continues.

Enjoy your next level Nigerians.

Thanks to yahoo Yakubu, the INEC chairman

This is the work of ritualists using diabolical powers to destroy well meant businesses in Nigeria. They cause nuisances in businesses and add no value. Excuse my french.