₦airaland Forum

SUPERPACK:
borrowing heavily, mass retrenchment, budget cut, inflation are all indicators of recession. read the following report pls
.
https://www.bloomberg.com/view/articles/2015-09-02/if-oil-prices-keep-slipping-recession-could-follow
.
www.vanguardngr.com/2012/11/i-pray-for-our-oil-to-dry-up-ezekwesili/

But in our case, our budget was increased. I have read the Bloomberg article and there was no mention of the Saudi in it. Our problem of today is that of common sense. A president of Nigeria is the president of all not a section of the country, the president erred in most of his earlier statements when he was elected, that was when the tone of his tenure was formed. He was sounding like someone going to a war and someone coming to lead. Bush was able to fight wars because there was money made by a Clinton to be spent. You don't go to war without money. You threaten people, jail them on newspaper, jail them without trail, that is a very serious sign of instability and that increases the risk of doing business in such an environment. So foreigners will take their naira and change to dollars before push comes to shove. The economy has always been under management in previous administrations. If you mismanage it, the result is what we are witnessing.
But is never late for the president to change the way he thinks and speaks. The president should preach love, unity and oneness of the nation. Then he will witness prosperity in the land, because am sure he is feeling the heat too.

SUPERPACK:
http://uk.businessinsider.com/report-saudi-arabia-to-launch-an-international-bond-2016-5
.
www.forbes.com/sites/dominicdudley/2016/07/12/saudi-recession/#65591cf4615e
.
https://www.oilprice.com/Energy/Energy-General/Even-The-Saudis-Need-To-Borrow-To-Survive-Oil-Price-Slump.html

Borrowing doesn't
Mean that the Saudi's are in recession. Governments and businesses all over the world do borrow money to shore up their interests, that doesn't mean that there are in recession. The last administration borrowed and we weren't in recession then.

SUPERPACK:
why nt also explain why saudi-arabia and venezuela are in recession or is buhari also their president.

I stand to be corrected. Saudi is not in recession, and Venezuela practices socialist kind of economy while our darling country was suppose to be a free market. These three countries are quite different economically .

When your a President of a nation like Nigeria, u speak like a Father ( Obama) and not like a regional leader (pmb) or a racist ( Trump). Because your words are no longer mere words,they have ripple effects.

nnachukz:
The suffering never enter their body well. Shebi they gave him 2million votes. Their suffering will be in 2million multiplier.

Guy Chill. These are ur country men. They just made a mistake. Please give them a break. The situation is rough already and shouldn't reach x2m.

Please and please dress properly. Looking good is a good business. Someone may over look an error because of your dressing.

Then who is the state owing? The state was denied access to foreign loan by the former minister of finance because of the state dept profile. Please Oga Aspirant, fear God and Speak the truth always.

This story is not straight, so many questions.
How much is the Salary of an Frsc official?
How come she is her Boss Banker?
please they should complete the story with the true version.

Hmm. So the chief of staff makes decisions for the president. Maybe Nigerians voted Abba Kyari

So cool. The language of this article is a typical example of "in a lay Man's terms".
Thanks for the information Op. More grease to your elbow.

[quote author=onatisi post=48400278]What is ur point precisely?so as a lawmaker he can engage in fits cuff in public? And what makes it worse is that the person he fought is even a woman and his wife for goodness sake and you are here trying to defend him
Am not defending him. All am asking is a question that needs to be answered. It takes two to tango. If everyday all we do is to read without asking asking questions about blurred lines in articles then we can easily be tempted my the media. Deduct ur own decisions after digesting what u have read and not from what u have read.
I don't know the speaker,I heard his name for the 1st time in this article.
Answers to those questions will shade a better light into scenario that played out today.

This story is incomplete. Please Naijapopular there are missing pieces of this story that's u skipped.
What was the actual matter in court because u said she sued for divorce but the court ruled in favor of the speaker? Conflicting to my understanding.
Then you sound biased. Sorry if your not but that my observation. You highlighted the Speakers actions and carefully muted the Wife's actions or reactions.
On the speakers action, let me hold on to my stone. I may be sentencing an "innocent" man to death on media.
I have learnt from 2015 elections that there are more than 3sides of a story.

I have two friends there, serious minded people. O God save them.

maclatunji:
The public discourse is dominated by the poor state of the economy with many opponents of the present government of President Muhammadu Buhari seemingly relishing what they perceive as his failure to run the economy which they claim is the source of our current recession.

However, a short look at our immediate past shows that former President Goodluck Jonathan actually presided over running the Nigerian economy aground during his tenure which largely favourable global economic conditions.

Read this report from last year :




So, the 2015 budget which was done by GEJ 's administration was financed from borrowing, what happened to all the revenues raised in the previous 3-4 years under him?

Do people think we will just stroll out of GEJ's mess like that? The man did not only fail economically but he also empowered militants that are now sabotaging the economy, he also failed to decisively tackle Boko Haram until few months before leaving.

It is only an hypocrite that will blame the present government for our problems, it is doing a lot to stabilize a bad situation.

If you want to know the truth about Nigerian Economy. I suggest you do a little research and educate yourself more. If you are trying to score a political point, you will miss the truth. But if truly you seek the truth, quote me back together we will unravel this glaring truth.

Source please

@OakTVOnline
#Video:Economic Crisis:I hope we don't hit ₦
The Honourable Minister of Agriculture said in a town hall meeting today, that he hope that we don't get to a point where one Dollar will be equal to one thousand Naira. He said the present economic situation was bound to occur and sited the beginning of our economic woes to the implementation of Structural Adjustment Program (SAP 1986) which was described as worst assault on Africa second only to Salve Trade.
The Minister said Nigeria now needs 2.5 billion Dollars weekly to meet its foreign exchange obligations with a large chunk of it going to food importation.














,000 to $1,demand for dollars is $2.5bn weekly ― Audu Ogbeh https:///4CLDI3v2y4 @AuduOgbeh

https://twitter.com/OakTVOnline/status/763419963449307139

Thank God if this news is true. Fashola really tried but you don't learn how to be a leftie at old age. Give Fashola jobs that he is conversant with,he will excel.

about time

Am interested and am in Portharcourt. I sent u a pm don't know if u have seen it. Email me on taichuzy@gmail.com so we can talk better.[quote author=ib4ola post=47726926]Hello Nairalander,
A client of my requires the services of young and vibrant individuals who have haulage vehicle and reside in any of the following state
Abia
Abuja
Benin
Enugu
Onisha
Pothercourt
Lagos

Am interested and am in Portharcourt. I sent u a pm don't know if u have seen it. Email me on taichuzy@gmail.com so we can talk better.

That face of the guy carrying the VC be like he needs to poo.

Flexherbal:
What has their government be doing?

If u ask me, na who i go ask? Thank God that something is been done about it at least. Looks like some part of Northern Nigeria are not part of the country or maybe they were just recently included in the map. How can a state government and local Government deprive this basic need from this people for so long? and someone is even trying to score a political point with it. they all should bury the head shame.

Op please check. I don't think there is anything like class E driving license anymore.

Movic1:
Most beautiful ke Dm dey call animal wey get horn snail too dey come out though It's beautiful .

I like the adage truly African. But those pictures are breath taking. If u have better ones from a Nigerian university please share with us.

lol

Please do edit your work for better viewing. Nice write up.

lol

Na for Free? what is the price?

Some guys i know that really worked hard for this project to be a success are today without a job, despite the risk and hard work involved. Well God knows the best. More money for the big fishes. As for the small fishes, be smarter in all your dealings because the big fishes most times only see sh1ts when they look at you.

Nothing lasts forever

Please we need to bring the incessant involvement of Dangote trucks in accident to the notice of the CEO. I know he will do something about it.
https://www.nairaland.com/3173131/open-letter-alhaji-aliko-dangote. This one was highly avoidable.