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Nairaland Forum / Nairaland / General / Politics / Fifteen Achievements Of General Buhari - To Doyin Okupe (13068 Views)
Likely Composition Of General Buhari's Cabinet / Laudable Achievement Of The Great General:gmb IN REPLY TO Doyin Okupe / Countdown To Doyin Okupe's One Year Expiration Of APC (2) (3) (4)
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by tit(f): 3:42am On Dec 27, 2014 |
the difference is that the eaglets of 1984 were sponsored and trained by YUSFON, a private entity. the vampire buhari government only jumped in after the boys had won the gold! |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Rawani: 3:51am On Dec 27, 2014 |
aletheia: Feel free to replace #10 with - He defeated and successfully uprooted the Maitatsine Islamic Sect which terrorised the North East in the early 80's killing thousands. 4 Likes |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by abacus(m): 4:50am On Dec 27, 2014 |
aletheia: In Okupe's voice, it's Buhari government. |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Orunto: 5:57am On Dec 27, 2014 |
These are no achievements. They are Directives of a Devilish Dictator. Nigerians are no slaves. We have Western Education now, so we don't want to be ever forced again to queue for nothing in Arab fashion. Silly queuing is haram to us in the 21st Century. Yorubas will not queue. Igbos will not queue. North Central, SouthSouth, NorthEast and even every sensible people in the NorthWest will never be forced by the directives of one over ambitious aged and retired soldier to queue again in our own Nigeria, never. GMB has never achieved anything compared to OBJ's, IBB's and Gowon's achievements. They are all on the ground for everybody to see. What is there for GMB? Nothing. We don't want his change. It is violent now. It is a kind of mischief we don't want to bother to know where it is carrying us. 3 Likes |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by PPAngel(f): 5:59am On Dec 27, 2014 |
The self described progressives and democrats are now defending Military dictatorship? When will these people's jealousy stop making them foolish? 4 Likes 1 Share |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Nobody: 7:20am On Dec 27, 2014 |
Btw all these was done in 18 months. Op you forgot the most important part, reducing inflation from 32% to 5% in a year. 1 Like 1 Share |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by fctboy: 7:22am On Dec 27, 2014 |
Also - He jailed Ekwueme and place Shagari in executive house arrest - Open the border for Uba Ahmed to escape - Spare Alhaji Alhaji of money laundering - All his relations Were the major PTF consultants - failed to publish the location of roads constructed/rehabilited by PTF - Exonerate Abacha of stealing - Overthrew a democratically elected government - The first leader with fellow Muslim deputy(Idiagbon) both from the north - Jailed and killed criminals without trial in court - only school sat holder that intend to lead a nation in the 21st century 3 Likes 1 Share |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by anonimi: 7:36am On Dec 27, 2014 |
Obiagelli: Assuming what you said about the reduced inflation is true, it can be easily traced to his economic policy of importing everything from milk, vegetable oil, sugar to tyres etc through the Nigerian National Supply Company, NNSC. That was the era of Essential Commodities aka Essenco. Thereby balooning our external debts and more importantly accelerating the demise of our agricultural & manufacturing sectors. So much short-sighted daftness parading itself to its mofo followers as panda (fake jewelry) brillance that fades out so quickly you wonder, (like we have been doing before now) where did all the money go These sectors are being slowly but STEADILY revived by the FOCUSED, well thought out economic policies of the Jonathan/Sambo duo. See the sparkling difference We shall not go BACKWARRDS again to cheap & cheerful damaging tomfoolery. NEVER AGAIN!!! 1 Like 3 Shares |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Nobody: 7:44am On Dec 27, 2014 |
By deleting the office of First Lady, Buhari is foregoing that income stream for his household. He is very serious about salvaging Nigeria's economy for the second time. https://www.youtube.com/watch?v=kj_BmkNZrrU&list=PLRzmuN0KKXK9WjHW14Wmbe6K7F7pL7Y4V [size=18pt]Buharinomics - General Buhari’s economic program marshaled out to salvage the nation in 1984 [/size] http://www.elombah.com/index.php?option=com_content&view=article&id=5720:is-general-buhari-the-problem-with-nigeria&catid=36:pointblank&Itemid=83 Buharinomics was General Buhari’s economic program marshaled out to salvage the nation in 1984. He summarized the objective of his economic policy (as articulated in the 1984 budget) as follows: "To arrest the decline in the economy, to put the economy on a proper course of recovery and solvency, and to chart a future course for economic stability and prosperity" (West Africa, May 14, 1984). He had previously done similarly, in March while receiving the visiting Sudanese President, Gaafar Nimeiri. Upon his inquiring of what the new military government had in mind for the nation it then ruled, Buhari said to him: "The priority [of his administration] is for economic recovery, providing employment opportunities, improving people's living conditions, consolidating internal security and ensuring foreign respect" (Africa Now, March 1984). In a nutshell, Buharinomics set out to arrest the decline in the economy and refocus it towards recovery. Buharinomics was to wean the nation off consumerism and profligacy, while channeling it towards frugality and productivity. To accomplish this, the government was to cut down on its expenditure, engage in more efficient restricting and controlling of foreign exchange outflow, undertake the revival of the country's productive capacity (concentration was on agriculture), and broaden government's revenue base. www.nairaland.com/attachments/635156_Buhari_jpgd50be5e2308ebe86c9271391021b0a5f The first test of Buharinomics was implemented to revive the comatose banking industry and arrest local currency hoarding. In April 1984, the government ordered a change in the color of the Naira. This action was dubbed the “real coup” by unscrupulous business men and politicians who had almost eliminated the need for commercial banking in Nigeria by keeping their moneys under their mattresses or by trafficking them into neighboring West African countries. This currency change, which forced all holders of the Naira notes into exchanging them for the new naira notes at commercial banks, infused billions that had remained unaccounted for into the banking industry and eliminated counterfeited currencies, which had inflicted inflationary and other nefarious effects on the economy. This measure had an immediate revitalizing effect in the banking industry and was an unqualified success. Banks that were close to collapsing became vibrant again, to the extent that some of them began to hire hitherto unemployed Nigerians. www.nairaland.com/attachments/635893_Gen__Buhari_jpg3932850d15a62856c902dd8cc516cff9 To cut down on government expenses, the federal work force was cut by 30% and imports for 1984 pegged at 4 billion pounds (mostly on basic foodstuffs, spare parts, and raw materials for local industries), against 14 billion pounds spent in 1983. To ensure that Nigeria remained respectable on the international business world, Buhari committed to honoring Nigeria’s debt payment schedule irrespective of the limited earning potential of Nigeria. In August 1984, Buhari was on one of his meet-the-people nationwide tours, which he began as soon as the administration got on its feet. Everywhere he went, the people embraced him, coming out en mass and ushering him tumultuous cheers and unreserved applause. In one of his speeches to the people (this one in Owerri), he reiterated Nigeria’s commitment to honoring its debts, the dire economic situation notwithstanding. "The task of this administration is how to persuade Nigerians to understand that for a number of years to come, we would be paying debts, the roads may be long and thorny but we believe that on our shoulders lies the responsibility to save our fatherland from devastation that has resulted from mismanagement" (Newswatch, February 18, 1985). [img]https://www.nairaland.com/attachments/635886_Gen__Buhari_-_Armed_Forces_Day_jpgae96a40b5e2050b6d582cd44f4943800[/img] Buhari could not have been any more correct in his statement above. Assuming Nigeria took no further loans, its breakdown of loan repayments was as follows: 3.9 billion naira ($4.4 billion) in 1985, 3.7 billion naira ($4.19 billion) in 1986, 2.8 billion naira ($3.2 billion) in 1987, until a decrease to 703 million in 1991 (Concord Weekly, May 6, 1985). Nigeria’s precarious financial situation made it impossible for it to finance capital projects and meet up its balance of payment obligations. With oil export pegged at 1.3 million barrels per day by OPEC, borrowing from external sources became necessary. To this effect, Nigeria proposed borrowing 1.795m naira to finance its capital project from the IMF. The patriotism with which General Buhari handled Nigeria’s dealings with the IMF was the highlight and beauty of Buharinomics. [img]https://www.nairaland.com/attachments/635887_General_Muhammadu-Buhari-1984_jpg807fb78f1366f42744d90196f32d264e[/img] In order to qualify for the loan, IMF gave Nigeria certain conditions which must be met. In 1984 when the naira exchanged for $1.34, the IMF demanded a minimum of 60% devaluation of it. Buhari refused, agreeing only to a "crawling peg"—a mechanism whereby government would realign the currency gradually, forestalling or minimizing economic and social dislocations because of such drastic devaluation of its currency. In addition to the devaluation of the naira, IMF demanded that government took other drastic actions: (a) The government must remove its subsidy on petroleum. (b) It must curtail its expenditure. (c) Government must rationalize its tariff structures. (d) It must put a freeze on its wages. (e) It must put a total end of non-statutory transfers to State governments, (f) Government must at least institute a 30% raise on interest rates—government resisted this because the decline in its revenue earnings and its debt obligations made it almost impossible to raise interest rates without triggering inflation (West Africa, May 14, 1984). www.nairaland.com/attachments/908607_Gen_Buhari_jpg680f0e3cee55a5a2432551406739fb8e The Nigerian government and veteran economists in Nigeria (like Aluko, Onosade, Okigbo, etc) could not make sense of being asked to devalue its currency when Nigeria’s imports were in dollar and its export (fixed quantity of oil) was also in dollar. The implication of devaluation was that Nigeria would pay more to import lesser quantity of goods than it did prior to any devaluation. It would also export the same amount of oil it exported before any devaluation and derive lesser revenue than it received before any devaluation The impacts of it debt payment would have harsher effect on the citizenry if the naira was devalued. This did not make any economic sense to Buhari; it struck him as an insult on the intelligence of the African. Finance Minister Onaolapo Soleye and Alhaji Abubakar Alhaji who led the Nigerian delegation to the last negotiation in Washington were chewed out by US Federal Reserve Chairman, Paul Volcker, for presenting the Nigerian governments rejection of most of these recommendations. For rejecting the IMF conditions and the loan, the Buhari administration got into the black book of Washington. Already, it had earned the dislike of 10 Downing Street for cutting down Nigeria’s imports from the UK by about 350%. In any case, without the IMF loan, government was still in a bind as to how to finance capital projects and pay for imports, especially spare parts for local industries, food items, etc. At this juncture, the genius and resourcefulness of Buharinomics illuminated to the delight of the African. www.nairaland.com/attachments/686219_buhari_parade_jpgcf420c430ac5cdb9a5c0fadf1e0fb509 First, the administration sent Oil Minister Tam David West to OPEC to seek a raise in the quantity of oil that Nigeria could export. If OPEC agreed, Nigeria would expect to generate extra revenue in the long run from any increase of its oil quota and this would assist tremendously in augmenting the shortfall in the nation’s purse. Professor West came back empty handed—the US and Britain had put pressure on their puppets in OPEC (like Saudi Arabia) to refuse Nigeria’s request. www.nairaland.com/attachments/710787_buhari_pic_gif0b92a71a0ffa3f1da9713778c0f7a2f0 To counter OPEC’s bluff, the Buhari administration entered into a $2 billion barter trade agreement with four countries. Nigeria daily bartered 200,000 barrels of oil as follows: (a) completely knocked down parts for automobiles from Brazil. (b) Construction equipment from Italy (c) Engineering equipment from France, and (d) Capital goods from Austria. This barter trade took care of the administration’s need to have borrowed money but it intensified the ill will the US and Britain had for Nigeria. By bartering this oil, Nigeria was: (a) solving those needs which the proposed IMF loan was geared toward. Doing so without borrowing or feeling the pains of spending the meager amount generated from its OPEC approved 1.3 billion a day oil export is the stuff an economic wizard is made of. (b) Britain had been cut off as Nigeria’s major supplier of the goods which the countries in the barter agreement sent to Nigeria. (c) The US usurious money lenders were denied the chance to suck Nigeria dry through the IMF loan. (d) American and British oil companies were irate that the oil being bartered would flood the oil market, cutting in on their profits. (e) The oil being bartered was oil that used to be illegally bunkered before Buhari put illegal oil bunkering artist out of business. For once, an African country had put positive economic mechanism in place to salvage its ailing economy without swallowing IMF’s poison pills. www.nairaland.com/attachments/726098_Buhari_jpgd50be5e2308ebe86c9271391021b0a5f As far as America and Britain were concerned, there was a price to be paid by this Buhari, who thought he was smart enough not to accept subservience to their authority. To begin with, a London newspaper (The Financial Times) published Nigeria’s barter trade agreement with Brazil (which, in truth, was done in secrecy because Buhari treated some aspects of his economic policy as State secret). The British thought it was going to incite OPEC against Nigeria since OPEC as a body did not support oil bartering. Oil Minister Tam David West, in a press conference, said, “If a nation believes it is part of its strategy for national survival to do this [barter trade], why not?” To assure OPEC that Nigeria was not indulging in barter trade in order to pull out of OPEC, he added ”Our strategy is to stay in OPEC and make its presence felt, and work together on programs that will be for the economic interest of all” (Concord Weekly, May 6, 1985). There is more to this barter trade than time will permit one to detail in this piece. For now, it is worth noting that it was the major reason for which Britain and America wanted the Buhari administration overthrown. www.nairaland.com/attachments/754009_Gen__Buhari_jpg3932850d15a62856c902dd8cc516cff9 The counter trade showcased Buhari as a visionary. He made America and Britain feel silly and they swore to get him out of office. When Babangida took over, on his maiden speech to the nation he promised to revisit the counter trade agreements. Within two weeks in office, September 17, 1985, he setup a panel to review it and recommend to his administration how to revive the economy without the use of counter trade. Babangida rolled back counter trade at the behest of his imperialist masters and at the detriment of the Nigerian nation and people. [img]https://www.nairaland.com/attachments/754008_Gen__Buhari_-_Armed_Forces_Day_jpgae96a40b5e2050b6d582cd44f4943800[/img] By the time the Buhari administration was overthrown in August of 1985, Buharinomics was beginning to yield dividends. For example, the inflationary rate had fallen from 23.2% in 1983 to 5.5% in 1985. Nigeria did not regret rejecting the IMF loan because it was meeting its obligation of prompt debt payment and the bartered goods were, to some extent, holding up within the austerity measure which had been in place since the Shagari days. Food was becoming reasonably available for two reasons: (a) The emphasis paid to agriculture had resulted in abundant food harvests, especially yam tubers. (b) The border closure made it impossible for unscrupulous business men to continue smuggling food items into neighboring countries where they sold for twice their value in Nigeria. Had Buharinomics continued for at least five years, Nigeria would have joined the Asian tigers in economic growth and self reliance. We know that to be true because Babangida came into office and did everything the IMF asked and the Nigerian economy took a dive into the gutter and has not recovered yet. [img]https://www.nairaland.com/attachments/754010_General_Muhammadu-Buhari-1984_jpg807fb78f1366f42744d90196f32d264e[/img] https://www.youtube.com/watch?v=h0HQQaZtBT0 1 Like |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Nobody: 8:05am On Dec 27, 2014 |
anonimi: Before 1983, nigeria was not importing essentials? Are we not even importing more than ever today? All this yeye analysis sef. Which sectors are being revived? Is rail that reached record numbers under buhari or its it auto mobile sector that Nigeria had 4 local manufacturing giants exporting to other African countries. Is it agriculture that Nigeria was the number one supplier os cocoa powder. Abeg don't quote me with lies next time. You should go and read how Buhari cut our imports massively from what it was under shagari. 2 Likes |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by egift(m): 8:36am On Dec 27, 2014 |
mikeansy: www.nairaland.com/attachments/1975821_screenshot20141227at2_11_25am_png6dcd3198f63af84b639bbd9ac2021107 Mike, Jonathan is heading home in 2015. 1 Like |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by WORLDPEACE(m): 9:06am On Dec 27, 2014 |
fctboy:You are an illiterate for calling him a school cert. holder. Go and read about all the courses he took and schools he went to to become a general. You, mr degree holder, might never know anything close to it; and the experience he has had leading you cannot buy. You and your mumu Nigerian degree. |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by HzRF(m): 9:11am On Dec 27, 2014 |
Rawani:.my eldest bro who happens to be pa GMB fan read this and was like. "He sha tried" Cuz just like SuperMartins this is so cheap... It can't even buy the cheapest of commodities 1 Like |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by kinibigdeal(m): 9:15am On Dec 27, 2014 |
Won the world cup, cut budget, increase tax of non-active company...na wa o, see big achievement indeed oga op i think you owe okupe 250k...some people don drink palmy.. |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by kinibigdeal(m): 9:22am On Dec 27, 2014 |
fctboy: You forgot add this...20billion naira was missing when he was the PTF chairman amid the protest of (funny enough) ATIKU..he fail to account for it till today |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Nobody: 9:24am On Dec 27, 2014 |
HzRF:Bless ya! |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by SAMBARRY: 9:26am On Dec 27, 2014 |
O pulllleeaaassseee you want Nigeria to be turned to an Islamic nation overnight he won't even smell the car park of aso rock talk less of the office of the gcfr in jesus name 1 Like
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Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by kinibigdeal(m): 9:28am On Dec 27, 2014 |
Rawani: lol..shagari killed the leader not him |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by chacoonder(m): 9:56am On Dec 27, 2014 |
fctboy:Absolute rubbish!!!!!..pls give us something meaningful next time. |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Rawani: 10:02am On Dec 27, 2014 |
kinibigdeal: Buhari, as the General Officer Commanding the 3rd Armoured Brigade, Jos, played a leading role when President Shehu Shagari crushed the Maitatsine riots of 1980 in the Bulumkutu area of Maiduguri. When he became the Head of State, a rump of the Maitatsine group that escaped to Jimeta in Yola, in 1984, exploded in another wave of attacks on Christians and moderate Muslims. Their agenda was exactly the same as that of Boko Haram. Buhari sent a military expedition and defeated the uprising. Musa Makaniki, the leader of the Jihadists, fled to his hometown in Gombe and Buhari pursued him there, eliminated him and stamped out the insurgency. |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by jedisco(m): 10:09am On Dec 27, 2014 |
@Rawani Among all you listed, the one that stands out is that of cutting the budget. I just cannot understand how that equates to or supports development. If it was reducing the recurrent expenditure (as was expected because of the collapse of all democratic institutions) while increasing the capital expenditure and the budget in general, then that would have been a good thing. Or even leaving the budget as it was and reducing the recurrent expenditure wouldn't be bad. But just reducing the budget by 15% for the sake of reducing it is a very bad economic policy IMO. Maybe you can explain better why he did it and how it translates to increasing development and the socioeconomic status of the populace. |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by jaysniggs: 10:14am On Dec 27, 2014 |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Leebeedo(m): 10:32am On Dec 27, 2014 |
FastShipping: Okay , I'll reduce it , give me 5 achievements, just 5 |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Rawani: 10:37am On Dec 27, 2014 |
jedisco: Budget cuts tend to have the greatest impact on programs that benefit the poor and vulnerable (GMB's constituency and support backbone), as other items, such as interest on the debt, the public-sector wage bill, or military expenditures, are more likely to have first claim on scarce funds. What would be a source for concern is if the budget cut was on capital projects, if however unnecessary costs of governance were being incurred (e.g expansion of the presidential fleet) then it would be a relief on our scarce national resources if they are done away with. |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by spenca: 10:57am On Dec 27, 2014 |
scribble: Please endeavor to define achievement for him |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Dbboy(m): 10:58am On Dec 27, 2014 |
Rawani: OP you call all what you wrote here lasting achievement, soldier flogging fully grown adult to stand in line then you should get your head examined I guess GEJ wins in comparison to Buhari when it come to achievement and the reason I would vote for GEJ is that he's govt is business friendly and so many foreign investors are in the country and I won't want any otherwise while planning to collect a chunk of there investment via the NSE so Buhari should pack one place and allow serious people make money. |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by spenca: 10:59am On Dec 27, 2014 |
Something Doyin okupe doesn't know is that he is helping people develop a stronger stance for Buhari and propagating his virtues more. I think okupe is with APC with all his recent talks |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Rawani: 11:09am On Dec 27, 2014 |
spenca: I am full of thanks for his challenge because he is unwittingly raising awareness about the General's sterling qualities. All the achievements listed here are just what he achieved as HOS within 18 months, and exclude his achievements as Federal Commissioner (Minister) for Petroleum and as PTF Chairman. |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by deji68: 11:11am On Dec 27, 2014 |
U can do better now...cutting shagaris budget is an achievement, ....Freezing political parties account is a negative achievemnat after truncating it .....all na wash...Wath abou achievemen in power sector, ..banking,...Railway...eucation..agric reform...water resources...infrastructural development........abi na bomb Rawani: |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by mcquin(m): 11:14am On Dec 27, 2014 |
mikeansy: Are you serious? If WAI had been maintained, many of your kinds wouldn't turn Nigeria to Banana Republic; beating Traffic Light and disrupting Queues. For morality sake, thank Buhari for that. What has GEJ done about the ethics and morals of Nigerians? 1 Like |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by mcquin(m): 11:21am On Dec 27, 2014 |
mikeansy: But TAN and GEJ claim AFGON's glory always as a high point of his achievement. #Hypocrisy! |
Re: Fifteen Achievements Of General Buhari - To Doyin Okupe by Nobody: 11:29am On Dec 27, 2014 |
FastShipping: Technical Knock-Out! Gej is a Failure! 1 Like |
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