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Nairaland Forum / Nairaland / General / Politics / Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups (9678 Views)
Dangote, Elumelu, Rewane Enlisted As Tinubu Inaugurates Economic Team / Biography: Profile Of Adedoyin Salami, Chairman, Newly Constituted Economic Team / Buhari Constitutes Economic Team: Charles Soludo, Others Get New Appointments (2) (3) (4)
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Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by sulaak(m): 12:28am On Jul 20 |
mohbadliveson: Northern Nigerians contribute nothing to Nigeria's economy except beggars and terrorists. |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by ufotunang: 12:33am On Jul 20 |
When we told you to vote for Peter obi for a better economy and country and better life for nigerians..you did not listen..see the renewed hope you voted for now |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by ufotunang: 12:34am On Jul 20 |
What did you expect from a president like Tinubu that the only thing he could tell nigerians during his presidential campaign that..it's my turn |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Afrobasic(m): 1:04am On Jul 20 |
YorubaNiBaba: Same way una no gree talk now but get ginger during GEJ's tenure. lass lass you both are hypocrites, we the sane Nigerians just dey observer and laugh una. 1 Like |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by grandstar(m): 1:54am On Jul 20 |
Where were you when Buhari was decimating the economy? In addition, the use of high real interest rates to fight inflation is sound, even if it leads to a recession. This is global best practice. That's why central banks operate best when their I dependent. 1 Like |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by grandstar(m): 1:58am On Jul 20 |
LegendHero: They were silent when Buhari decimated the economy. Now that it is being repaired, (though it could be improved on) they are screaming the house down. 1 Like |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Fujiyama: 3:00am On Jul 20 |
LegendHero: ^^^ ![]() Nonsense! Nobody is interested in these fables about BAT from 25 years ago. He is in the federal hot seat now. It is time to deliver! Nigerians want performance. Not propaganda. BAT can silence his critics for good by fixing this economy but so far he has failed to do that. The policy mix isn't working. There is nowhere to hide now. Economics and partisan politics are not the same thing. You can hide ineptitude and incompetence only for a season. At the end of this fiscal year everyone will see the hole blown through the budget by the deficit BAT just got approval for...a colossal deficit masquerading as a supplementary budget. ![]() Nigerians will learn. 1 Like |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Chinkoalhaji34: 3:13am On Jul 20 |
How many of the northern groups members have any knowledge about economic issues? Some of them can't even differentiate between micro and macroeconomics. |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by kunle4toyeyaho: 3:17am On Jul 20 |
MadeInTokyo:. ...the same 'disaster' whose policy increased your state's monthly allocation by over 40%? The same disaster that has completed some of Buhari's uncompleted projects? The same disaster who ensured LG financial autonomy which PMB couldn't achieve for 8years? The same disaster whose government injected unprecedented $5billion into the economy through Gold bar? Yes, he might have made some hasty decisions but calling him a disaster is an appellation that even satan would not forgive you of. |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Fujiyama: 3:24am On Jul 20 |
Laple0541: ^^^ ![]() This simply isn't true. The truth cannot be be hidden because the numbers don't lie. Despite public claims to the contrary, the BAT administration is still paying subsidy on imported petrol. The landing cost of imported PMS is higher than the local pumphead price - and that's how you know there's still a subsidy. So...BAT 'stopped' paying subsidy...only to start paying it again. What was the point then? ![]() Despite public claims of a unification of exchange rates (also described as floating the Naira) the BAT administration has taken a couple of big, big loans with the expressly stated intention of intervention in currency markets. So...BAT stopped defending the Naira...only to borrow to defend it again. What was the point then? ![]() Don't just listen to what politicians say. Watch what they do. |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Chinkoalhaji34: 3:24am On Jul 20 |
We are not just proud but very proud of Tinubu and his team. Let the haters keep wailing while we continue to celebrate our own. |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by ihavesense: 3:27am On Jul 20 |
Laple0541:So how long will the common man suffer before the enjoyment starts? If Tinubu has kept things relatively as it was before, then it would have been better. |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by ihavesense: 3:31am On Jul 20 |
kunle4toyeyaho:How has all these achievements according to you affected people’s lives? I bought half bag of local rice last year for 14k or thereabouts now it’s 32k and still increasing oo You people are truly heartless oo |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by bixton(m): 3:36am On Jul 20 |
mohbadliveson: Three's nothing bold in what they the North are doing. Absolutely nothing bold. They only appeal to themselves, the gullible and simple minded individuals. If they want to show that they are really bold and courageously let them take it to the forefront of the Boko Haram boys, Fulani herdsmen, bandits, and all those kidnapping little children and girls and women in the North, all those ravaging farm lands in the entire North and displacing indigenes from their homes and farm lands. PBAT has handicapped them that's why they are speaking because the largese entering the pocket no longer cones. They don't care about the North but about their pockets. |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Cubeman: 3:41am On Jul 20 |
YorubaNiBaba: Tinubu gave them the opportunity to speak 1 Like |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by givedemwotowoto: 3:47am On Jul 20 |
YorubaNiBaba: So now the truth is coming out? Were you not the ones praising Buhari and claiming he was doing a good job? So you knew he was destroying the country and lying to Nigerians, just so they can return the favor? Now you’re also doing the same thing, claiming Tinubu is doing the necessary job, all at the expense of suffering Nigerians? Do you people hate Nigeria so much that you will destroy it with bad leaders just because of tribal and religious sentiments? 1 Like 1 Share |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Fujiyama: 3:49am On Jul 20 |
kunle4toyeyaho: ^^^ The whole monthly FAAC sharing thing we practice is a broken model, but let's not talk about that for now. You're talking about a 40% increase? What is that in real terms with the current double digit rate of inflation? ![]() kunle4toyeyaho: ^^^ ![]() Time will tell. kunle4toyeyaho: ^^^ ![]() You have some explaining to do here. I am aware of the sale of bullion that led to an increase of $5 million in foreign reserves last month. But $5 billion? That is news to me. kunle4toyeyaho: ^^^ ![]() No. We will call a spade a spade. His decisions were not just hasty. They were disastrous, full stop. Inflation is difficult to tame in cash based, 3rd world economies with a large informal sector. We are never going to go back to the price levels of 15 months ago. Never! BAT has a lot of 'big men' in his team who should have known the consequences of poor policy...but they went ahead anyway...and as they say, the rest is history. Tell it like it is. 1 Like |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by kunle4toyeyaho: 3:59am On Jul 20 |
ihavesense:Is there any gain without pain? Tinubu also could choose to dodge those problems as past leaders did and pretend that all is right, all what he needed to do was to send 2023 supplementary budget to the National Assembly and continuing paying fuel subsidy knowing fully well PMB was borrowing to pay but he declined to take that path. Do you know our crude oil had been sold in advance because PBAT assumed office?I expect you to be critical on how your Governor has been spending the huge resources being given to him. Food inflation is not peculiar to Nigeria,in fact cost of food is higher in Ghana than Nigeria at the moment. That's why your Governor should take a cue from Governor Bago of Niger state on food production, everything is not about Mr. President . We run a constitutional democracy and the president has done his bit by providing each tier of Government what rightly belongs to it,If our Governors are also doing what is expected of them, the lamentation would be minimal |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Scholarforlife: 4:13am On Jul 20 |
[/color][quote author=mohbadliveson post=131042966]Northern Nigeria is not hiding its hatred for Tinubu at all. Very bold people unlike others...[/quote [color=#000000]] This isn't BOLDNESS. It's hypocrisy at its peak. If and if only they were this loud during the 8-year monumental failure of Buhari... I'm not justifying Tinubu's harsh economic policies but the North should keep quiet. |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by kunle4toyeyaho: 4:15am On Jul 20 |
Fujiyama:Tell me which of the policies is poor? I agree PBAT and his team were hasty to take some decisions but those decisions are necessary. Is it fuel subsidy removal that is not necessary? If it is unnecessary,why have successive governments attempted removing it in the past? Is it closing the gap between official rate and parallel markets so as to eliminate arbitrage that is unnecessary? Or various monetary policies to determine the real value of Naira? NB: the FX earned through Gold bar was $5million and not $5billion as I earlier posited |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Scholarforlife: 4:32am On Jul 20 |
MEGAWATCH: Your hatred for a tribe shouldn't becloud your sense of reasoning. The record of performance of Awolowo remained unbroken throughout the period of Parliamentary government. From 1999 till date Obj's presidential records remain unrivalled. I guess these two personalities are from the north or the east? |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Bluntemperor: 4:36am On Jul 20 |
YorubaNiBaba: They should be ashamed of their roles when Buhari plundered the Nigerian resources through his Ministers,for 8- years. These Ministers were just on their own and these Northerners were happy then because most of the Funds goes to private pockets and Corruption was epitomised.e g Air Nigeria with all the NBillions could not be Accounted for till date and no single Nigeria Airplane! This is where Emefiele's Catastrophic manuscripts of a former CBN Governor came to light- being used by these Northerners and being desperate for Power,they looked for excuses and Condemnation of anything Southerners,with Southerners always falling to their Scheme! How many of the Northern Youths have these People Employed,since they formed the Group? Imbecilic and Nonsensical People Everywhere! Very Greedy and Unpatriotic elements. Very useless Coalition and most of them when in Govt-appointments performed below expectations! |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Fujiyama: 4:38am On Jul 20 |
kunle4toyeyaho: ^^^ He removed fuel subsidy...and reinstated it again. The difference between the landing cost of imported petrol and what Nigerians pay at the pump is the subsidy. What was the point then? ![]() kunle4toyeyaho: ^^^ He closed the gap between official and parallel rates...and then took a jumbo loan from Afrexim to close the same gap. I ask again....what was the point then? ![]() kunle4toyeyaho: ^^^ The problem is that he hasn't even taken those so called necessary decisions. He made a big show of being a bold, visionary reformer - only to reverse these so called reforms in no time. There is still fuel subsidy at this very moment. The government is still defending the currency as we speak. ![]() 2 Likes |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by kayusely70(m): 4:48am On Jul 20 |
HypocriticalObi:Louder please!!!!!!! |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Femidfo: 4:55am On Jul 20 |
We know! Even their slaves too know but they pretend 🤔! |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Femidfo: 4:57am On Jul 20 |
One of the slaves talking here 😀! HypocriticalObi: 1 Like |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by surgical: 5:03am On Jul 20 |
poiZon:Are you new to Nigeria, that is how you recognise APC supporters, uninformed ,unintelligent and thoughtless like their leaders, like followers like leaders ,you can see the results for yourself you can see where the country is 1 Like |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Joshy4u: 5:05am On Jul 20 |
poiZon: No be everybody get sense. The idiot might even begged for bread before bedtime. 1 Like |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by Fujiyama: 5:14am On Jul 20 |
kunle4toyeyaho: ^^^ ![]() He is doing exactly these things you say he isn't doing (dodging the problem, paying subsidies etc.) kunle4toyeyaho: ^^^ I am. I also encourage others to do the same. kunle4toyeyaho: ^^^ No, BAT has not done his bit. The security architecture is under his direct command and yet rogue herdsmen, bandits and what have you are runnning riot all over the place. As for the ruling on LG autonomy...time will tell. 1 Like |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by kunle4toyeyaho: 5:30am On Jul 20 |
Fujiyama:The fuel subsidy has not been re-introduced. How can it be re- introduced when it is not in appropriation Act 2024? What they are doing is intervention. When the landing cost is too high, they intervene. Presently the landing cost of petrol is about N1,100 per litre,how many Nigerian can afford to buy at this price if govt doesn't intervene? There are months at the early stage of Tinubu's administration that no kobo was Paid in form of government's intervention on fuel. This cannot be called subsidy in the real sense. If the removal of subsidy has not achieved any other thing,It has atleast prevented us from subsidising fuel consumption of neighbouring countries. The Afrezim loan I am aware of was the $3b sought in 2023 and it was just a temporary attempt to enhance Fx liquidity. Ask yourself if truly he is defending Naira,why is our external reserve still hovering around $35billion? There is no way this government would be defending Naira with the prevailing situation and foreign reserve would still increase as witnessed recently. |
Re: Tinubu’s Economic Team Worst Since 1999 — Coalition Of Northern Groups by LordBillionz: 5:44am On Jul 20 |
LegendHero:Any lie to support your failed president.... Shameless man May the foe that has befalling Nigeria since his forced rulership befall your endeavours, say Amen. 1 Like |
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