MASTERCHIEF0847:

You mean the same Okonjo Iweala who under OBJ as finance minister cleared Nigeria’s debt? Go and sit down oga, am hyping her until you name a better finance minister Nigeria has ever produced.
Meanwhile from your comment it seems na you dey bring beer joint talk come online forum.

Can a minister clear debts without the approval of her boss?, una dey open mouth to talk like say OBJ was not the one that appointed all the member of the team. Na the President even appeal to the creditors before they agree to negotiate. OBJ only made Okonjo Iweala to lead the negotiation as say she be the finance minister.

MASTERCHIEF0847:

Please read my comment again, it i did not base it solely on oil prices but you cannot take out the fact that that was during an era of oil boom worldwide and every oil producing nation benefited from increased revenues so its a factor oga.
I also made emphasis on his good economic team and policies.
In reality, all the governments since 1999 have all failed so personally am not giddy about any.

Price of oil has been high since the Russian-Ukraine war.What exactly did Buhari and Tinubu do with it

Pakute:

Can a minister clear debts without the approval of her boss?, una dey open mouth to talk like say OBJ was not the one that appointed all the member of the team. Na the President even appeal to the creditors before they agree to negotiate. OBJ only made Okonjo Iweala to lead the negotiation as say she be the finance minister.

Go and read OBJ’s book, he mentioned it that it was Ngozi’s initiative and efforts which led to the success of the debt burden because he gave her free hand to work just like he did with other technocrats in his government like El-Rufai.
Na you open mouth talk like agbero.

cktheluckyman:

Price of oil has been high since the Russian-Ukraine war.What exactly did Buhari and Tinubu do with it

Started repaying the debts which we incurred when oil prices were low, especially during COVID when oil was as low as 23 dollars


Unless you have a tiny population, oil countries run into debt when oil prices are too too low.When the oil prices rise, the debt has to be paid off.

We would have been in the same situation in 2011-14 if not for the 2006 debt write-off and oil hitting 140 per barrel in 2008, which yaradua used to buffer our savings.

This is by no means a defence of Buhari. APC came into power with mandate to diversify the economy. They did not. Buhari didn't even raise tax income and fight corruption either

mrvitalis:

He had a team with world class experience
... Check all his economic team they were rushed by international agencies

Even the corrupt ones are Allison you can't deny they were brilliant at what they did


APC issue is the right people to do jobs don't come from the region they want it to come from

For APC all positions are reward to regions for supporting them..

. For PDP there were some key positions they were reserve for technocrats irrespective of were they are from

From your submission, the only right people to do the job are from your region only. The ones from other regions are incompatible with efficiency hence incompetent, right?

cktheluckyman:

Price of oil has been high since the Russian-Ukraine war.What exactly did Buhari and Tinubu do with it

Was the price higher than during the GEJ days? Una too like sentiments shish!
Me am not a supporter of any Nigeria leader past or present, they all failed miserably considering the amount of resources and power at their disposal.

NzogbuNzogbu:
that tinubu is a fraud and failure which is glaring

No matter how much you hide your tinubu bias I would always expose it, i already know una

The group that want to always exonorate tinubu while pretending its other stuff aside tinubu that is the problem

You are not bright, so your small brain told you that i am a Tinubu supporter and trying to exonerate him?
You be real mumu and illiterate, carry your hate for Tinubu elsewhere you fool.
I have no time for both you and the Tinubu.

cktheluckyman:

Price of oil has been high since the Russian-Ukraine war.What exactly did Buhari and Tinubu do with it

Compare the prices yourself oga.

GEJ to was a big failure.

qwertyuioplm:
Despite paying for subsidy and not a producing nation exchange rate moved from 140-180 ,what type of magic did he perform

It was Obasanjo that managed the economy very well.Jonathan government started real corruption with impunity and Buhari messed things up,now Tinubu a confuse man.

MASTERCHIEF0847:

Go and read OBJ’s book, he mentioned it that it was Ngozi’s initiative and efforts which led to the success of the debt burden because he gave her free hand to work just like he did with other technocrats in his government like El-Rufai.
Na you open mouth talk like agbero.

And at the end of the day, he demoted her as finance minister and threw her into an inferior ministry when he discovered her incompetence during the deal. OBJ even talk am inside his book that Okonjo Iweala cannot work without little or no supervision. I pity you.

MASTERCHIEF0847:

Please read my comment again, it i did not base it solely on oil prices but you cannot take out the fact that that was during an era of oil boom worldwide and every oil producing nation benefited from increased revenues so its a factor oga.
I also made emphasis on his good economic team and policies.
In reality, all the governments since 1999 have all failed so personally am not giddy about any.

Oga, forget that APC propaganda of a so-called oil boom during Jonathan. The price of crude oil today is the same as Jonathan's time. In fact, it was even higher recently in the peak of Ukraine/Russia war. It's still above $90 and even rising till date.

Besides, the Buhari administration borrowed nearly #70 Trillion to augment fluctuating oil prices. Tinubu's government is continuing the borrowing spree.

The truth is, Buhari (not Tinubu) actually rubbished Nigeria's economy. First, he himself was a dunce and still chose to surround himself with dunces because of tribalism. His Minister of Finance, Zainab Ahmed was not even good enough for a state commissioner for Finance. Read her profile before Buhari made her Minister.
.

Kog45:
It was Obasanjo that managed the economy very well.Jonathan government started real corruption with impunity and Buhari messed things up,now Tinubu a confuse man.

I don't think Tinubu is confused. We need to move from the way we did things to another way.

We are in the right direction. Buhari secretly removed subsidy long before the election. The reason it wasn't included in the budget. There was nothing Tinubu could do.

Why are people interested in the exchange rate? Because they depend so much on imported goods including toothpick. Can you imagine?

It's not that we don't produce anything but we don't seems to patronize our own produts hence the rush for anything foreign.

We must change our lifestyle to adopt our own products.

valentineuwakwe:
He assemble the best brains in and outside Nigeria......thus he was able to succeed. I hope that is wat Tinubu is doing!

Naira is almost N1200 to $1.

Keep on hoping. lol

forgiveness:


From your submission, the only right people to do the job are from your region only. The ones from other regions are incompatible with efficiency hence incompetent, right?

I'm not responsible for your ability to comprehend simple English

Now shu shu run along

mrvitalis:
I'm not responsible for your ability to comprehend simple English

Now shu shu run along

Your English is, no other region is competent than mine else tell me who you think are competent to be minister of finance, CBN governor etc but ignored .

Shikini:


Oga, forget that APC propaganda of a so-called oil boom during Jonathan. The price of crude oil today is the same as Jonathan's time. In fact, it was even higher recently in the peak of Ukraine/Russia war. It's still above $90 and even rising till date.

Besides, the Buhari administration borrowed nearly #70 Trillion to augment fluctuating oil prices. Tinubu's government is continuing the borrowing spree.

The truth is, Buhari (not Tinubu) actually rubbished Nigeria's economy. First, he himself was a dunce and still chose to surround himself with dunces because of tribalism. His Minister of Finance, Zainab Ahmed was not even good enough for a state commissioner for Finance. Read her profile before Buhari made her Minister.
.

Between 2014-21, oil prices were lower than we needed them. That was why when apc was campaigning in2014/15 one of the main themes in their campaign was 'We will diversify the economy away from oil (Osibanjo even gave a beautiful speech at the Platform in 2015 to emphasize that point). They've obviously failed.

Another issue is that low oil prices means that we need to get money from other sources. As stated earlier, failure to diversify happened, so all we had left was to improve tax to gdp ratio (not popular)...or loans. Buhari took loans.

By 2021, when oil rose, guess what we had to do first? Pay back the loans.

It's always been like that with Nigeria since independence.

Tinubu is a disgrace together with Buhari. He should be given forty dirty slaps for saying “I built Lagos”.

If Truth could be the told the mess we are into this days started from Jonathan's administration

forgiveness:


I don't think Tinubu is confused. We need to move from the way we did things to another way.

We are in the right direction. Buhari secretly removed subsidy long before the election. The reason it wasn't included in the budget. There was nothing Tinubu could do.

Why are people interested in the exchange rate? Because they depend so much on imported goods including toothpick. Can you imagine?

It's not that we don't produce anything but we don't seems to patronize our own produts hence the rush for anything foreign.

We must change our lifestyle to adopt our own products.

Good point about adopiting our products, BUT....at the end of the day, Tinubu is

1.Reintroducing subsidy and the debt therein on petrol, and maintaining subsides on power, which limits growth in both sectors.

2.Not urgently fighting corruption and leakages

3.Not improving tax to gdp ratio.

Nwaokunkpara:
If Truth could be the told the mess we are into this days started from Jonathan's administration

No, the mess started from 1960.

Nigeria has, like most African countries, been reliant on selling agric produce and minerals. The problem is, the prices of those goods are volatile on the international market.

At the end, when prices of goods fall, loans must be taken. When prices rise, the loans have to be paid back from the excess revenue.

We could take measures such as eliminating subsides, fighting corruption, improving tax uptake from all Nigerians and so forth. Nigerians do not like those decisions. So...loans.

Jona did what has been done over and over again. The main difference was that oyel prices were high as it was in the 1970's

nairalanda1:


Good point about adopiting our products, BUT....at the end of the day, Tinubu is

1.Reintroducing subsidy and the debt therein on petrol, and maintaining subsides on power, which limits growth in both sectors.

2.Not urgently fighting corruption and leakages

3.Not improving tax to gdp ratio.

I thought he debunked no 1.

He just made appointment to head the agencies fighting corruption. Let us see how it goes.

I don't know about no 3 but I know he is more focused on improving on tax.

forgiveness:


Your English is, no other region is competent than mine else tell me who you think are competent to be minister of finance, CBN governor etc but ignored .

If that's what you could comprehend then that's your problem oga

mrvitalis:

If that's what you could comprehend then that's your problem oga

Tell me who were ignored for the post of minister of Finance and CBN since you believe the ones there now are incompetent and produce of quota system.

Buhari is an unfortunate being

Things start skyrocking immediately he became the president....... immediately the closed the border and banned some items

Shikini:


Oga, forget that APC propaganda of a so-called oil boom during Jonathan. The price of crude oil today is the same as Jonathan's time. In fact, it was even higher recently in the peak of Ukraine/Russia war. It's still above $90 and even rising till date.

Besides, the Buhari administration borrowed nearly #70 Trillion to augment fluctuating oil prices. Tinubu's government is continuing the borrowing spree.

The truth is, Buhari (not Tinubu) actually rubbished Nigeria's economy. First, he himself was a dunce and still chose to surround himself with dunces because of tribalism. His Minister of Finance, Zainab Ahmed was not even good enough for a state commissioner for Finance. Read her profile before Buhari made her Minister.
.

Oga am not holding brief for anyone. All the leaders from 1999 till now failed miserably, am only pointing out facts in relation to Op post.
No be everything una go carry sentiment and hate for a particular government or president enter, sometimes use your brain without sentiments.

forgiveness:


I thought he debunked no 1.

He just made appointment to head the agencies fighting corruption. Let us see how it goes.

I don't know about no 3 but I know he is more focused on improving on tax.

On no 1...

Subsidy is back, otherwise fuel won't be below N700 nationwide. Then there is still a subsidy on power.

That's a waste of money.

Pakute:

And at the end of the day, he demoted her as finance minister and threw her into an inferior ministry when he discovered her incompetence during the deal. OBJ even talk am inside his book that Okonjo Iweala cannot work without little or no supervision. I pity you.

You have jumped to another issue again. No pity me, pity your papa.

forgiveness:


Tell me who were ignored for the post of minister of Finance and CBN since you believe the ones there now are incompetent and produce of quota system.

5 zone were ignored but na you only care about one

nairalanda1:


On no 1...

Subsidy is back, otherwise fuel won't be below N700 nationwide. Then there is still a subsidy on power.

That's a waste of money.

I think so too. I hope Dangote refinery is not a scam. It ought to have started operation by now.

mrvitalis:

5 zone were ignored but na you only care about one

Mention the competent person ignored for the office of Minister of finance and CBN. Leave stori.

MASTERCHIEF0847:

Was the price higher than during the GEJ days? Una too like sentiments shish!
Me am not a supporter of any Nigeria leader past or present, they all failed miserably considering the amount of resources and power at their disposal.

Yes of course!! Oil prices surged to $120/ barrel at the peak of the war.It stayed above $100 for months without any appreciable impact on the Naira