₦airaland Forum

Welcome, Guest: Register • Login • With Google • Trending • Recent • New

Stats: 3,345,573 members, 8,518,339 topics. Date: Saturday, 14 November 2026 at 12:14 AM

Toggle theme

Nigeria Has Become Africa's Money-losing Machine - Forbes Magazine - Politics (4) - Nairaland

Nairaland Forum › Nairaland General › Politics › Nigeria Has Become Africa's Money-losing Machine - Forbes Magazine (23976 Views)

1 2 3 4 Reply (Go Down)

Re: Nigeria Has Become Africa's Money-losing Machine - Forbes Magazine by Planet3xi: 5:39pm On May 30, 2019
sweetmusic12:
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.
grin
Re: Nigeria Has Become Africa's Money-losing Machine - Forbes Magazine by Fawazzz: 5:43pm On May 30, 2019
We would survive, Even America faces depression.We need leaders that are business friendly like Atiku and frugal like jakande
Re: Nigeria Has Become Africa's Money-losing Machine - Forbes Magazine by ogbonti: 5:50pm On May 30, 2019
Can someone just liquidate this man ?

I wish a honest and brilliant group of military officers can seize power right now, invite proven Nigerian born technocrats all over the world - pay them handsomely to figure out and strategise, on the way forward, and use military exactitude to implement it...so we can cut the cost of governance, focus on redirecting the country for at least 10 years and get it right. What we need now is rugged industrialization or an Industrial revolution, with the military enforcing it. With Buhari and all this travel travel drama, the next 4 years is going to be a waste of time, lives and resources and that will be lost time we ain't getting back. Buhari is setting not just Nigeria back, but the whole Africa and the black race!
Re: Nigeria Has Become Africa's Money-losing Machine - Forbes Magazine by otokx(m): 6:06pm On May 30, 2019
Haters will always hate but please do tell who was the President in 2012?
Re: Nigeria Has Become Africa's Money-losing Machine - Forbes Magazine by Image123(m): 1:10am On May 31, 2019
Osinbajo and Fashola should take the bulk of the blame here as it is their office and they are brilliant lawyers. Of course the head is the head, that's Buhari. But the job function here is the V. P and the minister of power. If Buhari is their hindrance, then they should speak out or resign. You can't eat your cake and have it. You can't enjoy the perks and accolades and be this irresponsible.
Re: Nigeria Has Become Africa's Money-losing Machine - Forbes Magazine by tomdon(m): 1:10am On May 31, 2019
This is very disturbing information.
Our leaders are mortgaging the future of generation unborn.
They won't be around to bear the repercussions, our children will bear the brunt. We need to act against this evil now
Re: Nigeria Has Become Africa's Money-losing Machine - Forbes Magazine by Image123(m): 1:13am On May 31, 2019
otokx:
Haters will always hate but please do tell who was the President in 2012?
Sure, GEJ is the author of this, but this government has had 4 years to make an impact. Instead, the case at hand has not improved. They've only tried mopping the bleeding as against stopping and healing the bleeding. How on earth do we watch until we're owing over 6 billion dollars fine, shouting fraud without tangible proof in court. And Osinbajo na Prof in law, Fashola na SAN. Were they sleeping?
Re: Nigeria Has Become Africa's Money-losing Machine - Forbes Magazine by 9jaRealist:
I am a self-professed Buhari skeptic...
But folks have to differentiate between fiscal health and ECONOMIC DEVELOPMENT.

This Forbes article focuses almost entirely on issues of fiscal health and the sorts of issues that primarily concern bond holders and foreign portfolio investors, among others. The flip side was that when oil prices were booming and Nigeria was amassing huge foreign currency reserves and supposedly “growing” at 6-7% per annum that most Nigerians lacked basic healthcare, educational opportunities and access to clean portable water but yet Nigeria was celebrated and lauded by foreign portfolio investors as a strong emerging/frontier market.

Though related (in fact, many would posit, strongly related), the reality is that fiscal health is not necessarily synonymous with economic development and vice versa. Nonetheless, on the real indices of economic development and health that should primarily concern Nigerians, such as agricultural development and investment along the entire value, development and deployment of technology and technologically-based solutions, investment in physical and social infrastructure, the expansion of economic opportunities, etc., sadly the verdict is blurry.

Nigeria has a mountain to climb (and the more we delay, the steeper the climb will be), but the overall picture is definitely NOT as bleak as this article based primarily on fiscal indices and the concerns of “hot money” paints it. Rather, it’s been a mixed bag (some major setbacks intermingled with some significant progress), but overall it’s fair to concede that we are lagging fairly behind where we ideally should be.
>
Re: Nigeria Has Become Africa's Money-losing Machine - Forbes Magazine by Tsadu01(m): 3:01pm On Apr 22, 2024
Nigeria’s Economy, Once Africa’s Biggest, Slips to Fourth Place. Niga
1 2 3 4 Reply

Nigeria To Become Africa’s Fourth Largest Economy In 2024 – IMF • Patrice Motsepe (not Sani Abacha) Is African 1st Billionaire ~ Forbes Magazine • National School Feeding Programme To Become Africa's Largest By End Of 2018 - VP • 2 • 3 • 4

2023: Coalition, Labour Party To Deploy 15 Agents To Each Polling Unit • PDP Faction Seeks Court Order To Hold NEC Meeting Amid Crisis With Acting Chairm • Falana Slams Police For Arraigning Melaye On Stretcher