₦airaland Forum

etinosa111:
This is d best time to fall back on excess crude account eca. That's d saving for d rainy days

grossintel:
I guess you and your master are too dumb to realise a day like this will come when oil will be worth nothing, Covid19 or not the world is going green godamit! Cars moving to electric, Nigerian's where screaming diversify the economy, your master and NNPC are busy wasting billions of dollars in the north in search of oil. When it drops to $10 you'll see next level suffering. Only people earning in dollars will be better off.

RisenPhoenix:
oil is still contributory. And a wide divergence in crude oil prices and output can still cause a huge gap in GDP.




But under Gej, output from all those sectors you mentioned was consistently lower than now. That means that Gej was totally reliant on the high oil prices and output to maintain the GDP then alongside a bloated civil service. It's all in the link I posted.

Lostz:
Alerts
The economy of Nigeria advanced 2.55% year-on-year in the fourth quarter of 2019 compared to an upwardly revised 2.28% rise in the previous period. It was the strongest expansion since the third quarter of 2015, mainly driven by the oil sector (6.36% vs 6.49% in Q3), amid higher crude oil production (2.00 million barrels per day, up from 1.91 mbpd in the same period a year earlier) and more favourable prices. The non-oil sector increased 2.26%, quickening from a downwardly revised 1.84% advance in the prior period, boosted by telecommunications & information services (10.26% vs 12.16% in Q3), crop production (2.52% vs 2.41%), financial services (22.33% vs 0.61%) and manufacturing (1.24% vs 1.10%). On a quarterly basis, the GDP grew 5.59%, following a 9.23% expansion in the previous period. In 2019, the economy expanded 2.27%,[/b] the most since 2015[b], and compared to 1.98% in 2018
The increase is the most from 2015(the year buhari got us into the lowest of low)


You should post the actual amount$$$$$ gotten from each sectors during Gej and buhari.

CoronaVirusRelo:
We are going to drink our crude oil las las.

Workers should be paid with crude oil in jerricans and allowed to go look for buyers individually.

ornicus:
Trump you can see as your paddys whose diccks you have been succking all this while [MBS and Putin] no send you. they will fk over your precious fracking industry and the rest of the world in these perilous times. f-uck you and your enablement of MBS.

Eteka1:
Is it possible to diversify the economy overnight?

Your masters were in power for 16 good years and yet your hypocrisy will not let you call them out for the failure.

This present Government has been doing all it can to diversify the economy by boosting the agricultural sector. But people like you have been at the forefront of trying to impede the effort.

And before I forget, how can someone be "dump"?

CoronaVirusRelo:
We are going to drink our crude oil las las.

Workers should be paid with crude oil in jerricans and allowed to go look for buyers individually.

RisenPhoenix:

Yenefer:
they don't have anything reasonable to comment as of this time. They will going to modify it into rubbish. Everyone is addicted to Attention including me. The world of dopamine addiction.

Lostz:
since you can't understand piont copied from your own link, here is the GDP accross economic sectors since 2008 to 2018.

https://www.statista.com/statistics/382311/nigeria-gdp-distribution-across-economic-sectors/



in 2009, 26.75% of our GDP came from agriculture; which is higher than 2019.


agriculture contribution to our GDP in 2018 is about $84.6 compare to the $113.7 that agriculture contributed to our GDP in 2014.

Kendumazy:
I don't want to be minister of finance and CBN governor now. Only God knows all manner of meetings, calculations, brainstorming, consultations they will be having now. Mheen!

djon78:
So invariably from available data past government did a lot in other aspects of the economy like agriculture.
But propaganda says that they did nothing but only looted money .

Very revealing.

Lostz:
you know this APC government love propaganda and they use the biased southwest media for that.


agriculture actually reduce in this administration. it is gradually going up recently but still not up to 2014 level.

fertilizers, herbicides, pest control and farming equipment were cheaper then because Goodluck paid subsidy, loan and grants to the agricultural sector........ you don't hear about them like this Audio government because Gej did not manipulate the media

djon78:
Seriously!!!
I remember minister of Agric then Adesina did an excellent job.

But they claim that it's presently that agriculture is being focused on especially in the area of rice.

CoronaVirusRelo:
We are going to drink our crude oil las las.

Workers should be paid with crude oil in jerricans and allowed to go look for buyers individually.

nuti:
All under buhari govt, as was 1985 so is 2020. This man is a harbinger of nemesis to this country.