Title: Economic Crises in Nigeria (1954 - Present)
Subtitle: An Overview of Economic Challenges, Leadership, and Recovery Measures
Presented by: Prick ur Sense

Economic Crisis of 1956
Period: 1956
Head of State: Governor-General Sir James Robertson (British colonial rule)
Region: N/A (British Colonial Administration)
Platform: Colonial Administration
Population: ~45 million
Crisis Details: Decline in agricultural exports due to global price fluctuations.
Measures Taken: Introduction of policies to diversify the economy, focus on infrastructure development.

Economic Crisis of 1966
Period: 1966-1969 (Civil War exacerbated economic issues)
Head of State: General Yakubu Gowon
Region: North
Platform: Military Regime
Population: ~55 million
Crisis Details: Biafra War (1967-1970) caused severe economic dislocation.
Measures Taken: Post-war reconstruction efforts, creation of new states to promote unity, National Development Plans.

Economic Crisis of 1982-1984
Period: 1982-1984
Head of State: President Shehu Shagari
Region: North
Platform: National Party of Nigeria (NPN)
Population: ~85 million
Crisis Details: Oil price collapse leading to fiscal deficits, inflation, and foreign debt.
Measures Taken: Implementation of austerity measures, import restrictions, and attempts at structural adjustment.

Economic Crisis of 1984-1985
Period: 1984-1985
Head of State: General Muhammadu Buhari
Region: North
Platform: Military Regime
Population: ~90 million
Crisis Details: Continuation of economic problems from the previous administration, strict austerity.
Measures Taken: War Against Indiscipline (WAI), further austerity measures, and efforts to reduce corruption.

Economic Crisis of 1991-1993
Period: 1991-1993
Head of State: General Ibrahim Babangida
Region: North
Platform: Military Regime
Population: ~100 million
Crisis Details: Structural Adjustment Program (SAP) fallout, inflation, unemployment.
Measures Taken: Economic reforms, privatization, and devaluation of the Naira.

Economic Crisis of 1999-2003
Period: 1999-2003
Head of State: President Olusegun Obasanjo
Region: South-West
Platform: People’s Democratic Party (PDP)
Population: ~120 million
Crisis Details: Legacy of military rule, high debt burden, low foreign reserves.
Measures Taken: Debt relief negotiations, anti-corruption measures, economic reforms.


Economic Crisis of 2008-2009
Period: 2008-2009
Head of State: President Umaru Musa Yar’Adua
Region: North
Platform: People’s Democratic Party (PDP)
Population: ~150 million
Crisis Details: Global financial crisis impact, oil price volatility.
Measures Taken: Economic stimulus package, banking sector reforms.


Economic Crisis of 2015-2016
Period: 2015-2016
Head of State: President Muhammadu Buhari
Region: North
Platform: All Progressives Congress (APC)
Population: ~180 million
Crisis Details: Oil price crash, recession, currency depreciation.
Measures Taken: Diversification efforts, anti-corruption drive, social intervention programs.

Economic Crisis of 2023- Present
Period: 2023-Present
Head of State: President Bola Ahmed Tinubu
Region: South West
Platform: All Progressives Congress (APC)
Population: ~210 million
Crisis Details: Huge Foreign and Domestic Debt, Rapidly declining per capita income, High Unemployment rate, declining industrial output, High Inflation rate, Severe food shortages, severe currency depreciation.
Measures Taken: Removal of oil subsidy, He is trying to sort the problems out, but it appears difficult. Hopefully, He will succeed.

O boy, we now know that So-called Lagos Blueprint being used now by BAT was indeed, useless, self serving & counterproductive! Over-Taxations, Borrowing & generational indebtedness!

That's the bitter truth!

AntiChristian:
President Tinubu don hear you!
Everything you talk will be taken into account!

But you suppose mention Kudos to BAT for LG autonomy and 70k minimum wage!

70k no too poor for the least ranked workers to earn monthly!

And also merging many similar parastatals to reduce repetition of duties!

You say 70k no do wetin? Are you OK? Do you know that regardless of how you micromanage, you must spend at least #1,500 daily to feed? How about health, transportation to&fro work, family responsibilities, rent, etc.? My brother, I don't have a problem with you supporting Tinubu, but let's be sincere in our assessment of this administration. It's very bad.

Then, you talk about parastatals to reduce repetition or whatever. Is Tinubu not the same man that just created the livestock ministry? Isn't livestock about agriculture? Why not push that under the agriculture ministry? So, you see, this government doesn't have a direction.

In my wildest imagination, I never believe Tinubu could come off as the worst after Buhari but here we are as the poverty capital of the world; a country filled with hungry people. You guys should stop the lies, please. This government has failed.

I Don not even believe in anything call Paliative. The trucks of Rice they claimed that have been dispatched to all 36 states inluding FCT , Please how many of us has even seen the rice , not to talk of touch it or collect?

aviara:
Tinubu has reduced governance to government of palliative, by palliative for palliative. Palliative strategy is a looting strategy and a sign of cluelessness

Of course he wrote that letter I think mainly because of this sentences. But you see the 3 points he raised there were very valid.

You must enforce DISCIPLINE as a leader. Your new disciple, NYESOM WIKE, has publicly disrespected you in the FUBARA matter. You need to sanction him before he throws Nigeria into total chaos.

You have said it all boss,lastly let him put back the fuel subsidy

AntiChristian:


Even Tinubu does not like Nigeria the way it is.
I don't like Tinubu but also don't hate him. He is my president and i prefer him to others and will support him.

If Peter Obi becomes the president tomorrow i do same to him even if i don't like him too!

supporting colossal failures shows how daft we are in this part of the world. all Nigeria politicians are total failures supporting them means encouraging them

It is only sycophant like Omokri will have a contrary view with the message and these are the people the man was warning mr president to be wary of.

[quote author=Racoon post=131030727][/quote]

Dele, the blaba mouth from the South with nothing upstairs now wants to replace Obasanjo. All that Dele said are opinions with no facts. Actually, the facts contradicted every thing this man said. The thing with opinion is that everyone - dick, Harry, dog, cat and Dele is entitled to. And now some nincompoop will now join In echoing Dele’s opinion as an ObiZombie that they are.

Okechinwadike:
supporting colossal failures shows how daft we are in this part of the world. all Nigeria politicians are total failures supporting them means encouraging them

Okechinwadike, the man from the land of rising wailers. You are the daft one devoid of sense (both common and uncommon). Dele offered his opinion and you lap onto it like a dog. No facts given. And Omokiri that provided facts is now a daft.

Okechinwadike:
supporting colossal failures shows how daft we are in this part of the world. all Nigeria politicians are total failures supporting them means encouraging them

That's your own opinion!

Kukutenla:

Fergie001, nlfpmod, seun
Rule 2 broken
Put this guy in a cage where he belongs

The public cancer conceived from a cancerous sperm and mentally handicapped egg wants my opinion.

Dear nairaland mods, I welcome being banned if I broke the rules outside defending an attack on me. Also extend the ban to Kukutente23 and Kukutenla for being a deranged nuisance.

[quote author=samuelson06 post=131034239]

You say 70k no do wetin? Are you OK? Do you know that regardless of how you micromanage, you must spend at least #1,500 daily to feed? How about health, transportation to&fro work, family responsibilities, rent, etc.? My brother, I don't have a problem with you supporting Tinubu, but let's be sincere in our assessment of this administration. It's very bad.

Of cos i am okay! N70k is okay for a security man i.e the least salary in any organization. If a cleaner collects 70k he go praise God tire!

Then, you talk about parastatals to reduce repetition or whatever. Is Tinubu not the same man that just created the livestock ministry? Isn't livestock about agriculture? Why not push that under the agriculture ministry? So, you see, this government doesn't have a direction.

This is in fulfilment of the Steve Oronsaye report. Go and read about it.

In my wildest imagination, I never believe Tinubu could come off as the worst after Buhari but here we are as the poverty capital of the world; a country filled with hungry people. You guys should stop the lies, please. This government has failed.

Okay! Please wallow in your ignorance. Keep me out of it, Abeg!

Kukutenla:

Your office is wicked
It should be locked up
No wonder your kind work there

With free self contained accommodation and extra wardrobe and leave allowances!
You well so?

AntiChristian:


Please read and revert!

The Federal Government has approached the Supreme Court with a suit seeking to compel governors of the 36 states of the federation to grant full autonomy to the local governments in their domains.

The suit, marked SC/CV/343/2024, was filed by the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), on behalf of the Federal Government. https://punchng.com/fg-suit-against-36-govs-over-lg-funds-begins/#google_vignette

So cases just go straight to the supreme court?

Shouldn't the above give you the pointer that the case has been on before now?

Case don't go straight to the supreme court, started from the lower court during Buhari's time, Tinubu just continued with it at the supreme court.

https://www.google.com/amp/s/www.vanguardngr.com/2023/02/dust-over-plot-to-strangulate-lg-autonomy-bill/amp/

https://www.thecable.ng/breaking-states-reject-lg-autonomy-as-nassembly-sends-35-constitutional-bills-to-buhari-for-assent/amp/

Timmi:


Okechinwadike, the man from the land of rising wailers. You are the daft one devoid of sense (both common and uncommon). Dele offered his opinion and you lap onto it like a dog. No facts given. And Omokiri that provided facts is now a daft.

what a people chai. initially I was totally against this their yeye IPOB, but now I know why they where agitating. in the next 1000yrs Nigeria never good, because you can't be making the same mistakes and expect change, if Yoruba is a country will they allow tinubu to be their president? brainwashed urchin

AntiChristian:


That's your own opinion!

to your own opinion APC and TINUBU didn't fail abi?

AntiChristian:


With free self contained accommodation and extra wardrobe and leave allowances!
You well so?

For security

This is beginning to smell like taqiyya

So you have a free car, accommodation and bonuses abi

Okechinwadike:
to your own opinion APC and TINUBU didn't fail abi?

APC is still the party of the day!

It is PDP and LP that failed to win the election!

And Tinubu is yet to complete his tenure. His examination is still on till either he finishes his term...

zkm3:


The public cancer conceived from a cancerous sperm and mentally handicapped egg wants my opinion.

Dear nairaland mods, I welcome being banned if I broke the rules outside defending an attack on me. Also extend the ban to Kukutente23 and Kukutenla for being a deranged nuisance.

Stop seeking attention. No one gives a flying fvck whether you enjoy being banned or not. You were begging for a ban with your alternate moniker emkz as if you're the oxygen NL uses to breathe and a ban on you will lead to the collapse of the forum.
You're just another crook in the larger cast of crooks that exist on this forum.
Your presence or absence makes no difference... Actually it does. Your absence means one less daft zombie to deal with so fvck off and stop pouring spit everywhere like one possessed by hereditary imbecility

AntiChristian:


APC is still the party of the day!

It is PDP and LP that failed to win the election!

And Tinubu is yet to complete his tenure. His examination is still on till either he finishes his term...

just wish tinubu will be more than 8yrs so we will learn a lesson. give tinubu next 30yrs Nigeria will only be like Cameroon, chad or Niger. what does he have to offer? nothing

Okechinwadike:
just wish tinubu will be more than 8yrs so we will learn a lesson. give tinubu next 30yrs Nigeria will only be like Cameroon, chad or Niger. what does he have to offer? nothing

k

Kukutenla:

For security

This is beginning to smell like taqiyya

So you have a free car, accommodation and bonuses abi

No car but yes accommodation and other allowances!

[quote author=AntiChristian post=131036936][/quote]

What ignorance? You are the one wallowing in ignorance and supporting rubbish. I don't see anything to support or praise in this administration.

AntiChristian:


No car but yes accommodation and other allowances!

Are you also a security