Buhari was right after all fighting to not allow cartel lords take over but the gullible Nigerians and Yakubu Mumu messed up everything

Terrible
.

BeeBeeOoh:


Abdulsalami Abubakar is being economical with the truth.

Things aren't getting out of control, things got out of control the very day Tinubu took over the mantle of leadership in Nigeria.

Tinubu has nothing to offer, he just want to be the most decorated African politician(Governor, Senator and President) nothing more.

As poor as Buhari in administration, I never believe a Chicago trained accountant from acclaimed most academical, sophisticated and civilized tribe will be poorer than him.

Emilokan really.

Insabanur12:
Buhari was right after all fighting to not allow cartel lords take over but the gullible Nigerians and Yakubu Mumu messed up everything

Buhari started the rot and this is just a continuation
This problem can only be fixed by pegging the naira to Atleast to 800 naira
IMF deceived us and now we are paying for it

EreluRoz:
A secret meeting was held in Minna. I eavesdropped on the gist from someone hmmm

Exactly what is in my mind before even opening the thread.
Emilokan should sit up because history may repeat itself. Those four generals that met are not a joke.

DeLaRue:


By 'everything', I assume you mean fuel subsidy in particular.

Well, it can be done, but there will be severe economic consequences.

If the president announces that he is restoring full subsidy, the international institutions lending Nigeria money will stop doing so. Naira will immediately fall to around N2,000, and slowly move towards N2500 and beyond.

Any benefit people gain from the reintroduction of full subsidy will be lost as prices of everything imported will shoot up to unprecedented levels. Prices of locally produced goods will follow.

So, as you can see, reversing subsidy removal can be done. Nobody will stop Nigeria from doing it. But the pain thereafter will be worse than before. We should be prepared to buy a loaf of bread for N3000 or N4000. May be N5000 or N6,000. Not possible? Ask the people of Lebanon.

See Venezuela, Iran etc for developing countries that don't generate enough revenue but still refused to remove subsidy.

This is quack economic reasoning. It is baseless. What does it take to give dangote and other refiners crude oil in naira, then buy back in naira and sell.
Crude oil has so many bye-products that can generates and account for the cost of the refining while the gasoline can be 90% subsidized without loss. Please many has graduated from schools nowadays across Niger bridge up north.

surgical:
you are a member of Tinubu economic team una too dull

Na you dull pass

You do Sec School Economics at all?


All he said there is basic Economics and you no even drop any counter argument, na just straight attack

Abdulsalami is now become Obedient
The whether is not favourable to many.

CodeTemplarr:
Jaj Jay Okocha did. Kanu Nwankwo did. So did Taribo West, Amokachi and Victor Ikpeba.

And you too

BeeBeeOoh:


Abdulsalami Abubakar is being economical with the truth.

Things aren't getting out of control, things got out of control the very day Tinubu took over the mantle of leadership in Nigeria.

Tinubu has nothing to offer, he just want to be the most decorated African politician(Governor, Senator and President) nothing more.

So some people know too. WOW! WOW!! WOW!!! . Told someone this sometime ago n he was disputing it.

BeeBeeOoh:


https://dailypost.ng/2024/09/17/its-getting-out-of-control-gen-abdulsalami-abubakar-worries-over-economic-hardship/

REJECT APC BY ALL MEANS.

DeLaRue:


By 'everything', I assume you mean fuel subsidy in particular.

Well, it can be done, but there will be severe economic consequences.

If the president announces that he is restoring full subsidy, the international institutions lending Nigeria money will stop doing so. Naira will immediately fall to around N2,000, and slowly move towards N2500 and beyond.

Any benefit people gain from the reintroduction of full subsidy will be lost as prices of everything imported will shoot up to unprecedented levels. Prices of locally produced goods will follow.

So, as you can see, reversing subsidy removal can be done. Nobody will stop Nigeria from doing it. But the pain thereafter will be worse than before. We should be prepared to buy a loaf of bread for N3000 or N4000. May be N5000 or N6,000. Not possible? Ask the people of Lebanon.

See Venezuela, Iran etc for developing countries that don't generate enough revenue but still refused to remove subsidy.

Una go just Dey house they talk rubbish. How much is dollar today?

Things have been worsening and nosediving since 29th of May, 2023 when Tinubu took over and sworn in as the President and Commander in Chief of the Armed Forces of the Federal Republic of Nigeria.

Funkyswagzz:
No no no no why would you say hardship is much. This tinubu I know that is working very hard. Haba dis is the best administration so far. Can't you see we are buying fuel for 1naira.?

Guestlander:
Palliatives are not the way to go but suggested "the government should provide affordable food options by buying and selling essential items at lower prices."

And what exactly do you call that?

A lot of the people we call leaders are actually illiterates and not intelligent at all.

His own is to come every election and carry Peace Accord paper to mandate aspirants to sign but when violence takes over the election, he will go mute. Rubbish.

hisexcellency34:
A man that should be in jail

Come put him in jail na.

ojun50:

And you too

stupid lie lol

Guestlander:
Palliatives are not the way to go but suggested "the government should provide affordable food options by buying and selling essential items at lower prices."

And what exactly do you call that?

assisted buying. Let middlemen go and join farmers to impove output and help crash prices.

iwaeda:


Everyone is complaining, but some good for nothing, will be abusing you. Hope Abdulsalami is IPOB too. People that shouldn't even be headmasters running Nigeria. God will deflate them.

Ameeeen oooo that is my prayers

Some Nigerians will still decamp to APC and Vote for Tinubu the clueless Olodo.
In Nigeria, the more you Torture and oppress the people, the more they run to you.
Politicians in Nigeria have the key to deal with the people

After your "vote of confidence" bá....?

ojun50:
He supported this government

So, because he supported the govt, he shouldn't talk again...why una no dey think deep before talking. Who even told you he supported this govt and not other candidates?

BeeBeeOoh:


https://dailypost.ng/2024/09/17/its-getting-out-of-control-gen-abdulsalami-abubakar-worries-over-economic-hardship/

I doubt if tbag will survive this tenure

Then Military Should Do The Needful

U are a retired General, pls do something. U know what to do. U have influence in d military.

EreluRoz:
A secret meeting was held in Minna. I eavesdropped on the gist from someone hmmm

what did you hear? The generals are planning to oust Tilumbu

Afamed and helinues will still deny this and blame okwute
APCheat minions are irredeemable
🚶‍➡️

Help us tell them, Sir.

Please stop the hype, what are you really doing about it. I hate it when privilege d people mock suffering by trivializing their hardships.

DeLaRue:


By 'everything', I assume you mean fuel subsidy in particular.

Well, it can be done, but there will be severe economic consequences.

If the president announces that he is restoring full subsidy, the international institutions lending Nigeria money will stop doing so. Naira will immediately fall to around N2,000, and slowly move towards N2500 and beyond.

Any benefit people gain from the reintroduction of full subsidy will be lost as prices of everything imported will shoot up to unprecedented levels. Prices of locally produced goods will follow.

So, as you can see, reversing subsidy removal can be done. Nobody will stop Nigeria from doing it. But the pain thereafter will be worse than before. We should be prepared to buy a loaf of bread for N3000 or N4000. May be N5000 or N6,000. Not possible? Ask the people of Lebanon.

See Venezuela, Iran etc for developing countries that don't generate enough revenue but still refused to remove subsidy.

you know nothing, still trying to use propaganda and lies to manipulate the masses , was buhari not paying subsidy and still borrowed massively from international lenders? The gains from subsidy removal has the govt used it for anything that benefits the masses, except from buying new Jets and spending billions on first lady's foreign trips, we aren't even talking about the corruption and looting going on.

hisexcellency34:
A man that should be in jail

Kindly focus on his message.