Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by rozayx5(m): 8:15am On Jan 26, 2015 |
2 Likes |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Nobody: 8:16am On Jan 26, 2015 |
1 Like |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Reddit: 8:16am On Jan 26, 2015 |
What a brilliant and intelligent piece of write up that is, very provocative and brutal. How did we find ourselves in this mess? Tougher and scary times ahead be it either GEJ or GMB come Feb 15.
Why can't we have people like Soludo and the likes in these so called 'major' political parties vying for the post of the President in this country?
Honestly we still have a long way to go. 5 Likes |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Nobody: 8:16am On Jan 26, 2015 |
This is revealing.
I'm so sure that if any of the candidates are asked questions pertaining to this issues in a debate, they would fail woefully.
How do we end up having people like this leading us.
But in the end, this Charles Soludo is a politician and a liar like every other one of them. This is a single story, as Chimamanda would have it. 3 Likes |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Boss13: 8:16am On Jan 26, 2015 |
JESUS THIS IS A BOMB. Gawd, Soludo murdered the president. All he presented were facts. Soludo we need you back. Please come home. I keep telling friends that so far Obasanjo's administration, regardless of what you think, remains the best and yet to be unbeaten 8 Likes 1 Share |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by marshalcarter: 8:17am On Jan 26, 2015 |
M lookin for ma jona....whr is ma jona....jona meeee jona meeee ![grin](https://www.nairaland.com/faces/grin.png) 1 Like |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by berrystunn(m): 8:19am On Jan 26, 2015 |
Tomoarika: Let me digress a bit to refresh our memory on where we are, and thus provide the context in which to evaluate the promises being made to us. Recall that the key word of the 2015 budget is ‘austerity’. Austerity? This is just within a few months of the fall in oil prices. History repeats itself in a very cruel way, as this was exactly what happened under the Shehu Shagari administration. Under the Shagari government, oil price reached its highest in 1980/81. During the same period, Nigeria ratcheted up its consumption and all tiers of government were in competition as to which would out-borrow the other. Huge public debt was the consequence. When oil prices crashed in early 1982, the National Assembly then passed the Economic Stabilization (Austerity Measures) Act in one day— going through the first, second, and third readings the same day. The austerity measures included the rationing of ‘essential commodities’ and most states owed salary arrears. Corruption was said to be pervasive, and as Sani Abacha said in that famous coup speech, ‘unemployment has reached unacceptable proportions and our hospitals have become mere consulting clinics’. General Muhammadu Buhari/ Tunde Idiagbon regime made the fight against corruption and restoration of discipline the cardinal point of their administration which lasted for 20 months. I am not sure they had a credible plan to get the economy out of the doldrums (although it must be admitted that poverty incidence in Nigeria as of 1985 when they left office was a just46%— according to the Federal Office of Statistics). We have come full circle. If the experience under Shagari could be excused as an unexpected shock, what Nigeria is going through now is a consequence of our deliberate wrong choices. We have always known that the unprecedented oil boom (in both price and quantity—despite oil theft) of the last six years is temporary but the government chose to treat it as a permanent shock.
The parallels with the Shagari regime are troubling. First, at the time of oil boom, Nigeria again went on a consumption spree such that the budgets of the last five years can best be described as ‘consumption budgets’, with new borrowing by the federal government exceeding the actual expenditure on critical infrastructure.
Second, not one penny was added to the stock of foreign reserves at a period Nigeria earned hundreds of billions from oil. For comparisons, President Obasanjo met about $5 billion in foreign reserves, and the average monthly oil price for the 72 months he was in office was $38, and yet he left $43 billion in foreign reserves after paying $12 billion to write-off Nigeria’s external debt. In the last five years, the average monthly oil price has been over $100, and the quantity also higher but our foreign reserves have been declining and exchange rate depreciating. I note that when I assumed office as Governor of CBN, the stock of foreign reserves was $10 billion. The average monthly oil price during my 60 months in office was $59, but foreign reserve reached the all- time peak of $62 billion (and despite paying $12 billion for external debt, and losing over $15 billion during the unprecedented global financial and economic crisis) I left behind $45 billion. Recall also that our exchange rate continuously appreciated during this period and was at N117 to the dollar before the global crisis and we deliberately allowed it to depreciate in order to preserve our reserves. My calculation is that if the economy was better managed, our foreign reserves should have been between $102 –$118 billion and exchange rate around N112 before the fall in oil prices. As of now, the reserves should be around $90 billion and exchange rate no higher than N125 per dollar.
Third, the rate of public debt accumulation at a time of unprecedented boom had no parallel in the world. While the Obasanjo administration bought and enlarged the policy space for Nigeria, the current government has sold and constricted it. What debt relief did for Nigeria was to liberate Nigeria policymakers from the intrusive conditionalities of the creditors and thereby truly allowing Nigeria independence in its public policy. How have we used the independence? Through our own choices, we have yet again tied the hands of future policymakers. This time, the debt is not necessarily to foreign creditor institutions/governments which are organized under the Paris club but largely to private agents which is even more volatile. We call it domestic debt. But if one carefully unpacks the bond portfolio, what percentage of it is held by foreign private agents? And I understand the Government had removed the speed bumps we kept to slow the speed of capital flight, and someone is sweating to explain the gyrations in foreign reserves. I am just smiling!
In sum, the mismanagement of our economy has brought us once more to the brink. Government officials rely on the artificial construct of debt to GDP ratio to tell us we can borrow as much as we want. That is nonsense, especially for an economy with a mono but highly volatile source of revenue and forex earnings. The chicken will soon come home to roost. Today, the combined domestic and external debt of the Federal Government is in excess of $40 billion. Add to this the fact that abandoned capital projects littered all over the country amount to over $50 billion. No word yet on other huge contingent liabilities. If oil prices continue to fall, I bet that Nigeria will soon have a heavy debt burden even with low debt to GDP ratio. Furthermore, given the current and capital account regime, it is evident that Nigeria does not have enough foreign reserves to adequately cover for imports plus short term liabilities. In essence, we are approaching the classic of what the Shagari government faced, and no wonder the hasty introduction of ‘austerity measures’ again.
Fourth, poverty incidence and unemployment are also simultaneously at all-time high levels. According to the NBS, poverty incidence grew to 69% in 2010 and projected to be 71% in 2011, with unemployment at 24%. This is the worst record in Nigeria’s history, and the paradox is that this happened during the unprecedented oil boom. One theme I picked up listening to the campaign rallies as well as to some of the propagandists is the confusion about measuring government “performance”. Most people seem to confuse ‘inputs’, or ‘processes’ with output. Earlier this month, I had a dinner with a group of friends (14 of us) and we were chit-chatting about Nigeria. One of us, an associate of President Jonathan veered off to repeat a propaganda mantra that Jonathan had outperformed his predecessors. He also reminded us that Jonathan re-based the GDP and that Nigeria is now the biggest economy in Africa; etc. It was fun listening to the response by others. In sum, the group agreed that the President had ‘outperformed’ his predecessors except that it is in reverse order.
First, my friend was educated that re-basing the GDP is no achievement: it is a routine statistical exercise, and depending on the base year that you choose, you get a different GDP figure. Re-basing the GDP has nothing to do with government policy. Besides, as naira-dollar exchange rate continues to depreciate, the GDP in current dollars will also shrink considerably soon. We were reminded of Jonathan’s agricultural ‘revolution’. But someone cut in and noted that for all the propaganda, the growth rate of the agricultural sector in the last five years still remains far below the performance under Obasanjo. One of us reminded him that no other president had presided over the slaughter of about 15,000 people by insurgents in a peacetime; no other president earned up to 50% of the amount of resources the current government earned from oil and yet with very little outcomes; no other president had the rate of borrowing; none had significant forex earnings and yet did not add one penny to foreign reserves but losing international reserves at a time of boom; no other president had a depreciating exchange rate at a time of export boom; at no time in Nigeria’s history has poverty reached 71% (even under Abacha, it was 67 -70%); and under no other president did unemployment reach 24%. Surely, these are unprecedented records and he surely ‘outperformed’ his predecessors! What a satire!
One of those present took the satire to some level by comparing Jonathan to the ‘performance’ of the former Governor of Anambra, Peter Obi. He noted that while Obi gloated about ‘savings’, there is no signature project to remember his regime except that his regime took the first position among all states in Nigeria in the democratization of poverty—-mass impoverishment of the people of Anambra. According to the National Bureau of Statistics, poverty rose under his watch in Anambra from 20% in 2004 (lowest in Nigeria then) to 68% in 2010 (a 238% deterioration!). Our friend likened it to a father who had no idea of what to do with his resources and was celebrating his fat bank account while his children were dying of kwashiorkor. He pointed out that since it is the likes of Peter Obi who are the advisers to Jonathan on how to manage the economy (thereby confusing micromanagement which you do as a trader with macro governance) it is little wonder that poverty is fast becoming another name for Nigeria. It was a very hilarious evening.
My advice to President Jonathan and his handlers is to stop wasting their time trying to campaign on his job record. Those who have decided to vote for him will not do so because he has taken Nigeria to the moon. His record on the economy is a clear ‘F’ grade. As one reviews the laundry list of micro interventions the government calls its achievements, one wonders whether such list is all that the government could deliver with an unprecedented oil boom and an unprecedented public debt accumulation. I can clearly see why reasonable people are worried.
Everywhere else in the world, government performance on the economy is measured by some outcome variables such as: income (GDP growth rate), stability of prices (inflation and exchange rate), unemployment rate, poverty rate, etc. On all these scores, this government has performed worse than its immediate predecessor— Obasanjo regime. If we appropriately adjust for oil income and debt, then this government is the worst in our history on the economy. All statistics are from the National Bureau of Statistics. Despite presiding over the biggest oil boom in our history, it has not added one percentage point to the growth rate of GDP compared to the Obasanjo regime especially the 2003- 07 period. Obasanjo met GDP growth rate at 2% but averaged 7% within 2003- 07. The current government has been stuck at 6% despite an unprecedented oil boom. Income (GDP) growth has actually performed worse, and poverty escalated. This is the only government in our history where rapidly increasing government expenditure was associated with increasing poverty. The director general of NBS stated in his written press conference address in 2011 that about 112 million Nigerians were living in poverty. Is this the record to defend? Obama had a tough time in his re-election in 2012 because unemployment reached 8%. Here, unemployment is at a record 24% and poverty at an all-time 71% but people are prancing around, gloating about ‘performance’. As I write, the Naira exchange rate to the dollar is $210 at the parallel market. What a historic performance! Please save your breathe and save us the embarrassment. The President promised Nigeria nothing in the last election and we did not get value for money. He should this time around present us with his plan for the future, and focus on how he would redeem himself in the second term—if he wins! Sadly the government’s economic team is very weak, dominated by self-interested and self-conflicted group of traders and businessmen, and so-called economic team meetings have been nothing but showbiz time. The very people government exists to regulate have seized the levers of government as policymakers and most government institutions have largely been “privatized” to them. Mention any major government department or agency and someone will tell you whom it has been ‘allocated’ to, and the person subsequently nominates his minion to occupy the seat. What do you then expect? The economy seems to be on auto pilot, with confusion as to who is in charge, and government largely as a constraint. There are no big ideas, and it is difficult to see where economic policy is headed to. My thesis is that the Nigerian economy, if properly managed, should have been growing at an annual rate of about 12% given the oil boom, and poverty and unemployment should have fallen dramatically over the last five years. This is topic for another day.
TAAH GO SLEEP |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by jmoore(m): 8:20am On Jan 26, 2015 |
Promhize: This is revealing.
I'm so sure that if any of the candidates are asked questions pertaining to this issues in a debate, they would fail woefully.
How do we end up having people like this leading us.
Just like Buhari said he will stabilize oil price if elected. Change indeed with no knowledge on economics. 5 Likes |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Immune1(m): 8:25am On Jan 26, 2015 |
Not claiming to be an economist;but what i know for sure is that PLENTY MONEY IN THE BANK DOESN'T TRANSLATE TO BEING WEALTHY!!!
The pace of infrastructural development in Nigeria during GEJ'S tenure is highly remarkable and naturally it will take time for one to quantify the gains or start seeing the ripple effect of investing in infrastructure.
SOLUDO A DISSAPOINTMENT......JUST TOLD ONE SIDE OF THE STORY TO VALIDATE THE 'ASSUMED SUCCESS' OF HIS TENURE. I wont be surprised if this is a grand pitch for a position in Buhari's cabinet should in case he wins......Nigerians have grown wiser.....go and lick your wounds and leave GEJ alone!!!! 6 Likes 2 Shares |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Habybullah(m): 8:25am On Jan 26, 2015 |
Despite presiding over the biggest oil boom in our history, it has not added one percentage point to the growth rate of GDP compared to the Obasanjo regime especially the 2003- 07 period. Obasanjo met GDP growth rate at 2% but averaged 7% within 2003- 07. The current government has been stuck at 6% despite an unprecedented oil boom. Income (GDP) growth has actually performed worse, and poverty escalated. This is the only government in our history where rapidly increasing government expenditure was associated with increasing poverty. The director general of NBS stated in his written press conference address in 2011 that about 112 million Nigerians were living in poverty. Is this the record to defend? Obama had a tough time in his re-election in 2012 because unemployment reached 8%. Here, unemployment is at a record 24% and poverty at an all-time 71% but people are prancing around, gloating about ‘performance’. As I write, the Naira exchange rate to the dollar is $210 at the parallel market. What a historic performance! Please save your breathe and save us the embarrassment. The President promised Nigeria nothing in the last election and we did not get value for money. 7 Likes |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by AJOT99(m): 8:25am On Jan 26, 2015 |
U are right! |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Luchitec(m): 8:26am On Jan 26, 2015 |
No doubt, Prof. Soludo raised some valid points about the state of affairs in the country. However, Soludo's denigration of Peter Obi for leaving funds in Anambra State coffers while at the same time praising OBJ's regime for accumulating a huge external reserve highlights his doublespeak and pettiness. Moreover, if stuffs that transpired in the banking sector during Sanusi's tenure at CBN are put into consideration, then Soludo is actually overrating himself as an economic guru. Chigold101: Soluda has once again proven that he is a weak man. A man i so much loved but his unforgiven spirit is second to none.
Soludo is writing like this against GEJ because GEJ is the reason why he lost Anambra election in 2010(I worked as member of his campaign team).
In 2013 he joined APGA and was talked about how to continue with Obi‘s good work as governor of Anambra state but Obi who already had Obiano in mind used style to push Soludo aside...
He joined Atiku‘s camp in 2011 thinking that GEJ will lose at the PDP primaries, but their camp was disgraced. Now he has come here to cause confusion in the polity because all he wants is to see GEJ disgraced, but it will not work for him in Jesus name.
This is how his unforgiven spirit made him to make sure that Dora Akunyiri (his wife‘s aunty. Dora is the younger sister to the wife‘s mother) never win Anambra central senatoral sit. He took it upon himself to make sure that Ngige is decleard the winner even when there was a little confusion in few constituencie. All because Dora through GEJ & Abuja PDP helped Peter Obi defeat him in 2010.
As an insider who knows the fight going on between Soludo, GEJ & Obi am not suprised at all with the this piece. It has some elements of truth but it is coated with many sweet lies.
He took sabatical after Peter Obi messed him up in 2013 prior to Anambra state guber election. Which sabatical? He went in to leak his wounds...
He thinks he has seen where to nail GEJ. 5 Likes 1 Share |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by michaelbiz: 8:26am On Jan 26, 2015 |
Chigold101: Soluda has once again proven that he is a weak man. A man i so much loved but his unforgiven spirit is second to none.
Soludo is writing like this against GEJ because GEJ is the reason why he lost Anambra election in 2010(I worked as member of his campaign team).
In 2013 he joined APGA and was talked about how to continue with Obi‘s good work as governor of Anambra state but Obi who already had Obiano in mind used style to push Soludo aside...
He joined Atiku‘s camp in 2011 thinking that GEJ will lose at the PDP primaries, but their camp was disgraced. Now he has come here to cause confusion in the polity because all he wants is to see GEJ disgraced, but it will not work for him in Jesus name.
This is how his unforgiven spirit made him to make sure that Dora Akunyiri (his wife‘s aunty. Dora is the younger sister to the wife‘s mother) never win Anambra central senatoral sit. He took it upon himself to make sure that Ngige is decleard the winner even when there was a little confusion in few constituencie. All because Dora through GEJ & Abuja PDP helped Peter Obi defeat him in 2010.
As an insider who knows the fight going on between Soludo, GEJ & Obi am not suprised at all with the this piece. It has some elements of truth but it is coated with many sweet lies.
He took sabatical after Peter Obi messed him up in 2013 prior to Anambra state guber election. Which sabatical? He went in to leak his wounds...
He thinks he has seen where to nail GEJ. Oga clap for yourself. Because you are the ONLY SURVIVING WITNESS who saw every single thing happen ...you were standing there when it all happened ba? You are the one who thinks you know more than everyone else. Abegi. The man spoke from the heart, and avoided being roped into the entire political mess. All these 'clueless' supporters of GEJ always fail to see the REAL POINT in a nonpartisan discourse. You can get angry or accept it. ![undecided](https://www.nairaland.com/faces/undecided.png)
*case closed* 17 Likes |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by almaliki: 8:31am On Jan 26, 2015 |
This piece is a definite technical knockout.....Jonathan just got a smashing blow on his right jaw bone.......his economic team just got knocked da phuucck out.......av always been of d opinion dat d guy ain't got d technical capacity to handle d issues of dis country.....ah swear d guy bury niger delta people hand...come make d whole niger delta people be like say na mumu dem be.......it even hurts more to see d younger generation get blinded by sentiments.......getting themselves mixed up in senseless violence & foolish acts....i guess its time for us to take a critical look @ d country beyond feb 14th... 3 Likes |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by dhantey324(m): 8:32am On Jan 26, 2015 |
Charles Soludo is a politician |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Infomizer(m): 8:33am On Jan 26, 2015 |
One of the more reasons why I prefer to be apolitical as far as this country's poli-tics is concerned. Until the square pegs are put in square holes at the party primary levels, the larger electorate will always be presented with two evils from which they'll have to choose the lesser.
The eventual winner, according to Prof. Soludo, will win based on public sentiment, not based on a clear plan as to how they hope to achieve their campaign promises. This is wrong on so many levels and history may just be about to repeat itself in terms of an incapable government.
I just dey observe tho'... 4 Likes |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by P007: 8:34am On Jan 26, 2015 |
Think we have a genius in this man. God Bless Nigeria. |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by thegoodjoehunt3(m): 8:35am On Jan 26, 2015 |
A plan without the dollar or Naira signs to it is nothing but a wish-list. They are not telling us how much each of their promises will cost and where they will get the money. None talks about the broken or near bankrupt public finance and the strategy to fix it.
I remember that Chief Obafemi Awolowo was asked similar questions in 1978 and 1979 about his promises of free education and free medical services. Even as a teenager, I was impressed by how he reeled out figures about the amounts he would save from various ‘waste’ including the tea/coffee served in government offices. The point is that at least he did his homework and had his numbers and I give credit to his team.
This is brilliant and shows the ideas and views a modern leader should have. It is sad after 36 years, we are only left with tribal and religious affiliations to decide our leaders.
In as much as GMB and APC have not laid out concrete plans and financial estimations for their plans, I feel they are a better choice because the wastage of resources under President GEJ must stop. The party and freedom of corruption must be reduced.
At least, Gen. Buhari has a history of not looting public funds. 11 Likes 1 Share |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Nobody: 8:35am On Jan 26, 2015 |
2 Likes |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Remarkable: 8:36am On Jan 26, 2015 |
idrisbello: *******It hurts them you ended their subsidy fraud******** **You sold off NEPA and ended their fraudulent NEPA contracts. **You removed ghost workers from civil service and reduce their wealth. **You refused to renew their oil blocks license they shared among themselves. **You handed NPA verification to a third party and eliminated port frauds. **It hurts them you stopped the bootlegging in fertilizer distribution. **You hurt them by making sure they don't hoard petroleum product and Nigerians will sleep at filling stations while they make astronomical profits. **You pinched them where it hurts most by making sure elections are free and fair & they can't impose their candidates on us. **You hurt the cabal by looking into their face and telling them no sir. **We know Tinubu, Amaechi, Rochas & co. don't love Nigeria more than us.***you restored rail system that gulp billlions of naira yearly, it hurts them *** You have made Nigeria proud with cars now produced in Nigeria up to 70% local content. Many car merchant and corruption in auto mobile industry stopped **We know GMB is a man of integrity and strict to what he believes. But we also know those pushing him have a hidden agenda. They have bullied you, lie against you, insulted you and make Nigeria insecure just to get back to business as usual. But I promise you sir, they will not bully our votes, we will go to the poll blindfolded for you. For their peace will be too costly! If you love Nigeria please repost to all your contacts! 2 Likes 1 Share |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by centmichael101(m): 8:37am On Jan 26, 2015 |
All this big lie Lie, jst because u are about 2 lose ur oil well licence,tell OBJ make him no dey vex jst because ota farm no go sell up 15% of it stock cos order farmer's are now on board.. 2 Likes 1 Share |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by niceprof: 8:37am On Jan 26, 2015 |
One of those present took the satire to some level by comparing Jonathan to the ‘performance’ of the former Governor of Anambra, Peter Obi. He noted that while Obi gloated about ‘savings’, there is no signature project to remember his regime except that his regime took the first position among all states in Nigeria in the democratization of poverty—-mass impoverishment of the people of Anambra. According to the National Bureau of Statistics, poverty rose under his watch in Anambra from 20% in 2004 (lowest in Nigeria then) to 68% in 2010 (a 238% deterioration!). Our friend likened it to a father who had no idea of what to do with his resources and was celebrating his fat bank account while his children were dying of kwashiorkor. He pointed out that since it is the likes of Peter Obi who are the advisers to Jonathan on how to manage the economy (thereby confusing micromanagement which you do as a trader with macro governance) it is little wonder that poverty is fast becoming another name for Nigeria. It was a very hilarious evening.
Sadly the government’s economic team is very weak, dominated by self-interested and self-conflicted group of traders and businessmen, and so-called economic team meetings have been nothing but showbiz time. The very people government exists to regulate have seized the levers of government as policymakers and most government institutions have largely been “privatized” to them. Mention any major government department or agency and someone will tell you whom it has been ‘allocated’ to, and the person subsequently nominates his minion to occupy the seat. What do you then expect? The economy seems to be on auto pilot, with confusion as to who is in charge, and government largely as a constraint. There are no big ideas, and it is difficult to see where economic policy is headed to. My thesis is that the Nigerian economy, if properly managed, should have been growing at an annual rate of about 12% given the oil boom, and poverty and unemployment should have fallen dramatically over the last five years. This is topic
FINE ANALYSIS SPOILT BY PETTY REASONING. 4 Likes 1 Share |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by reezee: 8:38am On Jan 26, 2015 |
CCsurplus007: Now this is what I have been telling my friends, tell us what you want to do and how you intend doing it not some public charade of lies and deception. When we have thousands of intellectuals to choose from, I wonder what we should still be doing with someone still arguing about his secondary school certificate. May God deliver Nigeria
But prof, someone reading this piece would imagine we were living in El-Dorado during obj's tenure. One would have assumed OBJ was pope john paul or the messiah.why was the railway not working during your tenure? despite the huge sums injected into the power sector yet phcn failed. Why wasnt any of our university among the best 200 then? rather Obj built personal libraries and universities to his name. All federal Government projects in the east was stopped or frustrated.what of the monopolistic approach of Obj when only Dangote was allowed to import anything and frustrated other peoples businesses that were opposed to him.since the agricultural sector was better during obj's tenure why dint it add to our foreign reserves and massive corruption in that sector was still rife. what about the haliburton and other numerous scandals. Soludo did not tell us that increasing workers salary then affected our recurrent expenditure now.
The thing is anybody can come and reel out figures as if it paradise during thier own era. This is a nice presentation but not without some personal bias I still think both parties can learn a lot from this if they objectively look at the salient points raised. Nobody is saying obj was a saint during his tenure but comparing both tenures we all know that obj's tenure is far far better gej's. even if obj didnt do anything he cleared all the debts owed by Nigeria to foreign investors so that the incoming govt wont have the burden of debts on their neck. And I can also remember vividly that the only achievement that gej have been using to campaign which is the reintroduction of trains was started during obj's regime. 5 Likes 1 Share |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by thegoodjoehunt3(m): 8:39am On Jan 26, 2015 |
Comment Deleted. 8 Likes 1 Share |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by 0b1nna: 8:41am On Jan 26, 2015 |
[quote author=Tomoarika post=30136840][/quote]
Is it just Buhari & Jonathan? I thought they are other contestants? How come we don't hear about them? 1 Like |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Adrianpastol(m): 8:43am On Jan 26, 2015 |
CCsurplus007: Now this is what I have been telling my friends, tell us what you want to do and how you intend doing it not some public charade of lies and deception. When we have thousands of intellectuals to choose from, I wonder what we should still be doing with someone still arguing about his secondary school certificate. May God deliver Nigeria
But prof, someone reading this piece would imagine we were living in El-Dorado during obj's tenure. One would have assumed OBJ was pope john paul or the messiah.why was the railway not working during your tenure? despite the huge sums injected into the power sector yet phcn failed. Why wasnt any of our university among the best 200 then? rather Obj built personal libraries and universities to his name. All federal Government projects in the east was stopped or frustrated.what of the monopolistic approach of Obj when only Dangote was allowed to import anything and frustrated other peoples businesses that were opposed to him.since the agricultural sector was better during obj's tenure why dint it add to our foreign reserves and massive corruption in that sector was still rife. what about the haliburton and other numerous scandals. Soludo did not tell us that increasing workers salary then affected our recurrent expenditure now.
The thing is anybody can come and reel out figures as if it paradise during thier own era. This is a nice presentation but not without some personal bias I still think both parties can learn a lot from this if they objectively look at the salient points raised. may your days b long on earth. 2 Likes |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by johhnnie(m): 8:44am On Jan 26, 2015 |
sincerenigerian: How I wish Nigerians can read this piece from top to bottom. This piece should be an eye opener for all of us.
Good piece from Prof. Soludo. I never knew this guy was this brilliant. but what role can the citizens play in this context.....We should take our destinies in our hands 1 Like |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Nobody: 8:44am On Jan 26, 2015 |
noblezone: It pains me, Soludo was schemed out of the Anambra Guber race. Any way, tomorrow is yet another day.
And I still calling on all Biafrans to come home, let us build our great nation. The likes of Soludo are not needed or wanted in Nigeria. In Biafra, people like him will become rallying point for national growth!
If he insists on bringing this level of scrutiny in Nigeria, they will simply kill him! Nigeria is irredeemable. WHat is this one saying? pls education is key bruh get one 2 Likes |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by Nobody: 8:44am On Jan 26, 2015 |
idrisbello: *******It hurts them you ended their subsidy fraud******** **You sold off NEPA and ended their fraudulent NEPA contracts. **You removed ghost workers from civil service and reduce their wealth. **You refused to renew their oil blocks license they shared among themselves. **You handed NPA verification to a third party and eliminated port frauds. **It hurts them you stopped the bootlegging in fertilizer distribution. **You hurt them by making sure they don't hoard petroleum product and Nigerians will sleep at filling stations while they make astronomical profits. **You pinched them where it hurts most by making sure elections are free and fair & they can't impose their candidates on us. **You hurt the cabal by looking into their face and telling them no sir. **We know Tinubu, Amaechi, Rochas & co. don't love Nigeria more than us.***you restored rail system that gulp billlions of naira yearly, it hurts them *** You have made Nigeria proud with cars now produced in Nigeria up to 70% local content. Many car merchant and corruption in auto mobile industry stopped **We know GMB is a man of integrity and strict to what he believes. But we also know those pushing him have a hidden agenda. They have bullied you, lie against you, insulted you and make Nigeria insecure just to get back to business as usual. But I promise you sir, they will not bully our votes, we will go to the poll blindfolded for you. For their peace will be too costly! If you love Nigeria please repost to all your contacts! WORD FOR THE WISE..... 1 Like 1 Share |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by berrystunn(m): 8:47am On Jan 26, 2015 |
damola1: Soludo, you are right for most of what you wrote. But still you are a learner when it comes to politics.
Did awolowo you spoke about, with such figures win the election? NO.
Politics is not played with intelligent figures, this is just the fact, thats why you can't win an election. How many of the voters are as figure smart as you? so what's the use of speaking big grammar to someone like you, who will not even go and vote anyway, when I can use bag of rice to convince 1Million other people? Politics is played by understanding people, their desires, and how to play on their desires. Thats why, GMB is in the race. Cos. A. he's a muslim. and a core northerner. B. Because he can work with people like the SW.
I look at what Lagos as achieved (As it affects my life, This morning, I rode a bicylce to my office, 15mins Ride, with good roads, few pot holes, and I feel refreshed), and I compare with what you've wrote, and I tell you. We've a better chance standing behind the infrastructure of APC. Like you rightly noted, we need a sharp leader now, especially now that we are broke, and GEJ hasn't shown any of such characteristics even with so much money made. If GEJ wins this election, Nigeria is doomed!... he's a good guy, but he's not just the man for the job. He's too much of a politician than a technocrat, We need sharp guys, with sharp teams , who will hit the bulls eye in govt. SHARP GUYS LIKE , BUHARI , OBJ, ATIKU , IBB, TINIUBU LOL
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Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by pizonewave: 8:47am On Jan 26, 2015 |
I am glad we still have objective individuals, who can call it the way they see it.
God help us all. 1 Like |
Re: Buhari Vs Jonathan: Beyond The Election By Charles Soludo by kolokolobi(m): 8:48am On Jan 26, 2015 |
The Prof wrote what I've always known. Unfortunately these issues are not brought to the fore as they are hard and brutal truths. The PDP campaign machinery is to divert attention on these issues for as long as necessary so people will just raise their hands in the air and say let's continue as we were. How many times have we heard of the final onslaught against BH meanwhile they BH have been capturing more parts of Nigeria. In march 2012 gej said BH will be gone by June of that year. This is Jan 2015. Finally gej gave himself 4 years to fix power they now boast that they are averaging 4,500mw. What happened to the 10,000 he promised by end of 2014. May I ask where is the NNPC audit report. One thing I know is I won't vote gej. Period. 6 Likes |