Mynd44:

We are not where we want to be in rice production but we are making progress in that line. Look at Kebbi state, Anambra State and Sokoto state where rice cultivation has been optimized. The jobs created, the wealth distributed, the FOREX we are saving.

The economy will be better for it. If you want to crash the price of cars today, simply open your borders, remove duties and watch the price fall but what happens to people like Innoson? Prices of commodies can be cheap but it does the economy no good

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

jayson87:
So with your economic analysis which of the two is more people friendly economics.
If Jonathan had kept the dollars like the slowpoke up there, Buahri won't have a country to govern now

Edelweiss44:


When Obasanjo took over in 1999, oil price was low. it was so low to the point where it even dropped to $11 per barrel at a time. Throughout all of Obasanjo's 8 years in government, not once did oil hit above $80 per barrel. in fact, most of the time, they were using $30 something to $40 something per barrel as oil price benchmark for the budgets, yet we were not hearing Obasanjo whine and complain that he couldn't accomplish much because of LOW OIL PRICES.

IN THE MIDST OF THE SUPPOSED LOW OIL PRICES THROUGHOUT OBASANJO'S TENURE, HE EXECUTED A LOT OF PROJECTS WE COULD SEE EVEN WITH CORRUPTION STILL GOING ON. IN THE MIDST OF THE LOW OIL PRICES UNDER OBASANJO, HE CLEARED OFF NIGERIA'S FOREIGN DEBT THAT WAS OVER $30 BILLION!

OBASANJO ACCOMPLISHED ALL THESE WITH LOWER OIL PRICES THAN TODAY AND CORRUPTION STILL HAPPENING IN NIGERIA, SO PLEASE EXPLAIN TO ME WHY WE HAVE THIS LEVEL OF INFLATION AND DECADENCE IN OUR ECONOMY WITH BUHARI SUPPOSEDLY "FIGHTING CORRUPTION"?

ONLY PEOPLE WHO REASON WILL KNOW ALL OF THESE FACTS AND STILL BE SHOUTING SAI Baba upandan!

imhotep:
The followers of APCheat are mentally challenged.
cc lzaa onyeoga

ICEFLAME419ja:



Point out 1 single project this APC Federal government started and has completed?

hedonistic:

The only silly person is you. And your silliness is monumental and potentially life-threatening.

So we should create jobs for farmers at whose expense? The expense of Nigerians who are already overwhelmed with high prices of everything else? Is it more important to create jobs for a few profiteering farmers (who lack the capacity to meet market demand) or to make food available for cheap to the generality of Nigerians?

The idea that creating jobs for farmers would ultimately lead to lower prices is idiotic. It is similar to the idea that characters like you espoused for removing fuel subsidy... That 'market forces' would force down the price of fuel. How far with that today?

AlPeter:
LOL your selective amnesia is really funny. Now take those same Obasanjo facts and compare with that of your hero's. How much was the foreign reserve before oga clueless took power? Over $60billion. How much did he leave? Far less than $20billion. How much was the dept? At an all time low OBJ AND YAR ADUA had almost cleared it! How much was it when the ineffectual buffoon left? As high or even higher than before with almost every State owing more than 6months salary, some as high as 18months. How much was oil prices during the period of The IB's rule? An average of $100/barrel! What happened to all the funds? Under whom did naira begin to crash? Jonathan. Who paid the salaries owed by the Jonathan administration?. What is the foreign reserve now? Over $25billion. Who built it up?. Oga let's compare and contrast.
Foreign reserve 2018
https://tradingeconomics.com/nigeria/foreign-exchange-reserves

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

otuekong1:
Your Zombeism Is Incurable,for The Records Rice Re Evolution Started From Jonathan Through Akinwunmi Adeshina,fertilizers Was Given To Farmers Directly Free Of Charge,so Was Pesticides And Seedlings Supplied,grow Up

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Mynd44:

We are not where we want to be in rice production but we are making progress in that line. Look at Kebbi state, Anambra State and Sokoto state where rice cultivation has been optimized. The jobs created, the wealth distributed, the FOREX we are saving.

The economy will be better for it. If you want to crash the price of cars today, simply open your borders, remove duties and watch the price fall but what happens to people like Innoson? Prices of commodies can be cheap but it does the economy no good

wirinet:
It is annoying when supposedly educated men talk like vulcanisers. Is reno saying he did not offer or pass economics 101 in school?

Is renowned omokri saying he has not heard of such terms like inflation rate, revenue profile, population rate, exchange rate, etc?

What was the revenue profile of Nigeria during president Jonathan's time and what is the revenue profile now? How did the CBN keep the naira down during Jonathan's period? It is by auctioning dollars twice every week. Now where is the Buhari administration going to get the dollars to keep the naira low now? Reno and his supporters can help by exporting something and earning dollars. It will help in meeting some dollar demand by dollar hungry Nigerians.

Nigeria has an average inflation rate of 12% - 14%, if Reno does not understand what this means, I will explain. It means prices of goods and services are expecting to increase an average of 12 - 15% every year. This means prices of all goods including rice is expected to double every 7 to 8 years.

If we were to follow Reno 's logic, then Abacha was a superstar compared to Jonathan. During Abacha's period petrol was N11 per litre, dollar was about N30 per dollar and rice was less than N500 per bag.

I am not saying Buhari is performing well, but Reno and his party should learn to criticise intellectually instead of talking like garage touts.

prince3009:


Lake rice is part of APC's propaganda. They said it is a joint rice production venture between Lagos and Kebbi...we never saw the farms but saw printed bags having LAKE rice insignia. Rice seized by customs and rebagged. We are not dumb as APC thinks.

Edelweiss44:



With people like you and @madridguy roaming a part of this planet called Nigeria, I'm not surprised we have a nepotistic, clueless, blood-sucker of "dogs & baboons" as President. Tell me what type of "high oil price" causes such kind of inflation and job losses as we have seen under Buhari since he took over? Who are you trying to deceive?

There have only been two countries I know of in recent years that suffered the kind of inflation and loss of jobs we have seen under Buhari - those two countries are;
1) Zimbabwe
2) Venezuela

Guess what? both countries suffered these things as a direct result of government policies! Zimbabwe's Mugabe decided to attack white farmers and redistribute their farms to black people, forgetting that those white farmers were the backbone of the economy. After effect? The economy crashed and a roll of tissue paper became more valuable than $1,000,000 Zimbabwean dollars.

In Venezuela, the government decided to impose regulations they felt would further consolidate their socialist ideologies, and guess what? The economy crashed and people are dying of malnutrition and starvation now in Venezuela.

Anybody who claims Nigeria's economic problems under Buhari was caused by low oil prices is either a chronic liar or an ignoramus! How much is oil price now? within the past few weeks, oil price has remained within the $60 - $80 per barrel price range. At its lowest price within the last 3years, oil has stayed above $20 per barrel, and it didn't stay that low for more than a few weeks before heading back to $40 and above.

When Obasanjo took over in 1999, oil price was low. it was so low to the point where it even dropped to $11 per barrel at a time. Throughout all of Obasanjo's 8 years in government, not once did oil hit above $80 per barrel. in fact, most of the time, they were using $30 something to $40 something per barrel as oil price benchmark for the budgets, yet we were not hearing Obasanjo whine and complain that he couldn't accomplish much because of LOW OIL PRICES.

IN THE MIDST OF THE SUPPOSED LOW OIL PRICES THROUGHOUT OBASANJO'S TENURE, HE EXECUTED A LOT OF PROJECTS WE COULD SEE EVEN WITH CORRUPTION STILL GOING ON. IN THE MIDST OF THE LOW OIL PRICES UNDER OBASANJO, HE CLEARED OFF NIGERIA'S FOREIGN DEBT THAT WAS OVER $30 BILLION!

OBASANJO ACCOMPLISHED ALL THESE WITH LOWER OIL PRICES THAN TODAY AND CORRUPTION STILL HAPPENING IN NIGERIA, SO PLEASE EXPLAIN TO ME WHY WE HAVE THIS LEVEL OF INFLATION AND DECADENCE IN OUR ECONOMY WITH BUHARI SUPPOSEDLY "FIGHTING CORRUPTION"?

ONLY PEOPLE WHO DON'T REASON WILL KNOW ALL OF THESE FACTS AND STILL BE SHOUTING SAI Baba upandan!

wirinet:
It is annoying when supposedly educated men talk like vulcanisers. Is reno saying he did not offer or pass economics 101 in school?

Is renowned omokri saying he has not heard of such terms like inflation rate, revenue profile, population rate, exchange rate, etc?

What was the revenue profile of Nigeria during president Jonathan's time and what is the revenue profile now? How did the CBN keep the naira down during Jonathan's period? It is by auctioning dollars twice every week. Now where is the Buhari administration going to get the dollars to keep the naira low now? Reno and his supporters can help by exporting something and earning dollars. It will help in meeting some dollar demand by dollar hungry Nigerians.

Nigeria has an average inflation rate of 12% - 14%, if Reno does not understand what this means, I will explain. It means prices of goods and services are expecting to increase an average of 12 - 15% every year. This means prices of all goods including rice is expected to double every 7 to 8 years.

If we were to follow Reno 's logic, then Abacha was a superstar compared to Jonathan. During Abacha's period petrol was N11 per litre, dollar was about N30 per dollar and rice was less than N500 per bag.

I am not saying Buhari is performing well, but Reno and his party should learn to criticise intellectually instead of talking like garage touts.

truenaijaworld:
Reno Omokri via his twitter handle remembered the vice president, Prof Yemi Osinbajo that for the five years Former President Goodluck Jonathan destroyed Nigeria, A 50kg bag of rice was sold for 8,000 Naira.

Remember that for the 5 years Jonathan ‘destroyed’ Nigeria
50kg bag of rice was ₦8000
Fuel was ₦87
$1 was ₦150 (₦199 in 2015)
Lagos-Abuja air fare was ₦10,000
A bottle of Coke was ₦60
A tin of Peak milk was ₦80
₦18,000 minimum wage was equal to $120

https://mobile.twitter.com/renoomokri/status/979465749445083136

babytoun:



very poor analysis

I hope you guys understand the revenue sharing arrangement between the diffrent tiers of govt ?

Oblang:


U expect to see the farms in the comfort of ur room right...

prince3009:


Lake rice is part of APC's propaganda. They said it is a joint rice production venture between Lagos and Kebbi...we never saw the farms but saw printed bags having LAKE rice insignia. Rice seized by customs and rebagged. We are not dumb as APC thinks.

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Asowari:
how many jobs has this presented government created?

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets