Sunday, 25 September 2016

HOW BUHARI CONTRIBUTES TO THE CURRENT ECONOMIC RECESSION.

Indeed For every policy has its  pros and cons,  that of buhari are more of cons than pros,the recession in Nigeria is clearly artificial (lack of good management) not as a result of natural phenomenon, Nigeria's economy of today isn't supposed to be in recession putting the recovered looted funds and the leakages covered by the current administration through implementation of TSA in place, the fall in the price of oil is indeed caused as a result of natural phenomenon, but it doesn't mean Nigeria should be in recession being Nigeria a country that depends on oil, there are so many ways that government can source their  revenue , that brought the rise of the welcome development that Nigeria was able to manage it expenditure with 70% non oil revenue showing the lessen dependency on oil as almost sole source of revenue.
The Nigeria's budget (budget of change) was put in place with a bench mark of $30 per barrel. How much is crude oil per barrel now?  It's being soled at $51 per barrel as of yesterday, the excess $21 are supposed to go to excess crude account. Buhari told us he was able to mop out 2.3trillion in few months through the implementation of TSA that was initiated by the previous government. Was't all lies or political propaganda? 
How do you expect a government of deceit to go without being in recession? It's a government of deceit because the messiah(buhari) promised clearly that he won't probe anyone but he'll jail whosever try looting  from his administration, how do u expect us not to be in recession when the corruption war it self is lopsided? Do you think the niger delta avengers are  existing because they want money or something from buhari?  No!! It's clear and obvious that they are only bombing and crippling the economy because of the lopsided corruption war waged by buhari, without the bombing of the pipelines, Nigeria's budget can be fully funded without external debt.
"Buhari" the pro-buhari's messiah traveled to London for mere ear treatment after allocating N4 billion Naira to the villa's clinic, weren't you inquisitive to know how much it cost for those 10 days? Buhari was unable to give dollar at an official rate to Nigerian students in diaspora but rather be saying we have educational institutions in Nigeria that they should all come back and continue from here, is he being just to them?? When two of his children recently graduated from a UK university in London, is he being just to Nigerians?
What about the presidential fleets that he was complaining of? Are they still there or they've been sold like he promised? In order to reduce the cost of governance as he said earlier.

What about oil subsidy that buhari said it was fraud? He clearly said in an interview that there's nothing like subsidy, that he'll call for the attention of petroleum economists to explain what a subsidy is to him, that he went asking, who's subsidizing who?? 
And now coming back to tell us to bear with him and and buy petrol at N145 that he's removing subsidy that he once told us was a fraud, is there just in this?

How do you expect this kind of economy not to be in recession?

An economy were someone can sit in his garden and make some billions without investing a kobo. Is that the equal distribution he promised us?

A government that is full of propaganda, full of promising and a failing statements. 
 Initially I thought buhari came to rescue Nigeria not knowing that he's only a hungry lion craving for power.

This reminds me of when buhari was saying it's unfortunate and disgracing for a country like Nigeria not to be able to pay salaries, so I don't know whether if  it's fortunate and appraising that some state governments are still suffering from the same under the watch of buhari-The messiah 

Buhari subsidized dollar for pilgrims when nigeria is already in recession! doesn't it sound uneconomic?  

-Muhammad Basakkwace

No comments:

Post a Comment