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Nairaland Forum / Nairaland / General / Politics / Buhari Economic policy is very sound and Pragmatic. by Tuale4u (4279 Views)
Emir Sanusi Faults Buhari's Economic Plan / Recession: Buhari’s Economic Team Turns To Experts / Buhari Has No Economic Policy – Mohammed (2) (3) (4)
Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Nobody: 4:58am On Apr 16, 2016 |
[size=14pt]Buhari Economic policy is very sound and Pragmatic[/size] The truth is dat this Buhari govt actually had d most well defined economic policy in d last 10years. A good acronym to define and sumarise Buhari economic policy is DOTE ( Diversification Of The Economy) The economy policy is so clear. Yet many people just shout for nothing because they dont understand the meaning of economic policy. Budget is d major part of economic policy. And this 2016 Budget is d most well defined economic policy in d last 10 years that try to integrate every strata of d country. Below are d economic policy of Buhari govt: Note: These are not Campaign promise. These are things already in d aprroved Budget by NASS. 1. Job creation through massive infrastructural projects worth over 1.5trillion naira. This is d first time in Nigeria history infrastructure will be more than 1 trillion naira. These include massive spending on rail, road, power, housing and airport. 2. Poverty reduction through social intervention. This includde 23000 to 25000 naira per month for 500,000 graduate volunteer teachers. 50000 naira each to 1 million market women. etc 3. Extreme poverty management and social integration and intervention through 5000 naira stipend to 1million Extreme poor widow , handicapped and aged people. Feeding of over 4Millions pupil one meal a day from primary 1 to 3. 4.Diversification through Agriculture and solid minerals. The govt has already sign alot of MOU with many countries on these regard. This is one of d reason d president have b travelling alot. This is aim at import substitution which will help to save foreign exchange and boost naira stability. 5. On d monetary policy, d govt monetary police is saving Forex for essential commodities. Thus dual exchange rate. 199 for essential goods and 325 for non essential goods. This policy is well defined and deliberate by d govt. Usually all over the world, monetary policy are dynamic and not static. Expecially in d aspect of money supply. Most times, monetary policy is reactive rather than proactive all over the world. so monetary policy could be changing per quarter in Minor details. But the main Objective is stable for atleast 6 months. The main Objective of dis govt foreign exchange policy is saving foreign exchange for critical and real sector of d economy. 6. Nigeria China $6billion investment agreement. This is the best form of foreign aid Nigeria has signed in the last 30 years. This model of agreement with china has be used successfully by Ethiopa. And Ethipia economy became strong as a result of it. I will like to thank Ngozi Okonjo Iweala for this. Most of these china agreement were initiated by Jonathan govt through initiative by Ngozi. However due to lack of political will on d side of Jonathan, these agreement were not implemented. In addition, we must commend Buhari for providing the required leadership that will ensure these agreements are implemented. Paraphrasing Nogozi Okonjo Iweala "sound technical tools and ideas is a waste without strong political will". We must understand that the $6billion deal with china is not a loan in d true sense of it. Most of the project will be done on "Build, Operate and Transfer". That means the projects after being completed are expected to generate some part of the investment. * To those opposing the social intervention/welfare for the poor in this economic policy should re examine thier position. America with the highest form of capitalism in the world, still have welfare and socialist input like food stamp, some free basic healthcare in public hospital, foster homes for children, some homes 4 homeless people, cheap public schools etc. We must understand dat a society that does not have any regard for the poor can not have peace. The rich in such society will continue live in perpetual fear with high fence, bullet proof door, etc as we have in Nigeria today. Below is definition of Economy policy Economic Policy http://www.cliffsnotes.com/study-guides/economics/introduction/economic-policy From the definition above it is clear d govt have economic policy clearly defined. 1. Spending and Taxation: The govt spending plan is clearly defined by d Budget. A deficit budget with about 1.5 trillion on Insfracstructure. In terms of Taxation, the govt have clearly make thier priority the increasing of tax base to more companies, persons and product. This has clearly be shown with d plan recruitment of 1250 professional staff by FIRS. 2. Distrubution of income from Rich to the poor: This part of economic policy, is clearly shown in d budget with the 500 billion social intervention fund. This will be used for 500,000 vokunteer graduate teachers, 1million exreme poor widow and aged, 1 million market women with 50k granr each and d 370,000 training of artisans. 3.Supply of Money. This means monetary policy including forex. This govt have deliberate choose to use dual exchange exchange as a way of preventing rapid decline of foreign reserves. Thus by so doing, d future is protected. It is an indirect saving technique. Below is Well defined Medium term Economic plan of this govt. Highlights of the NEC Retreat, according to a communique issued at the end of the session, included agreement reached for concerted and consistent efforts to diversify revenue sources. http://thenationonlineng.net/jobs-cash-coming-govt-plans-n350b-revival-pill/ The question now should be how far can this govt implement this economic policy? We may have to wait till June 2017 to December 2017 to clearly say whether they failed, or succeeded or are in d right direction. 7 Likes 1 Share |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by sublimes: 5:01am On Apr 16, 2016 |
Are you still campaigning? 14 Likes |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Nobody: 5:04am On Apr 16, 2016 |
sublimes: i am informing. 12 Likes 1 Share |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by MabraO: 5:08am On Apr 16, 2016 |
17 Likes 1 Share |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Nobody: 5:13am On Apr 16, 2016 |
MabraO: Thank u bro 4 Likes 1 Share |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by dimsonu(m): 5:28am On Apr 16, 2016 |
...for all its grandeur, the result will vindicate the claim. Granted that it's going to take a process and is expectant as a long term solution, if it's extremely suffocating in the short term, how many people will survive to benefit the long term? Furthermore, as clear as the policy may be (arguably so), clear implementation is of more importance. NB: didn't get to read the entire article, but the above opinion will still stand strong irrespective of the theory and policies stated. 2 Likes |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by opalu: 5:28am On Apr 16, 2016 |
Obasanjo had NEEDS plan that did not meet our needs with gas plants all over the place without gas supplies. Yar adua had 7 point Agenda that saw us in the same point. GEJ had Power Road map. It was just the map we saw. PMB we need action that will get us to destination without much talk. 3 Likes 1 Share |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by slyzy(m): 5:44am On Apr 16, 2016 |
Thanks for the insight op 3 Likes 1 Share |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by jcross19: 5:47am On Apr 16, 2016 |
tuale4u:that's true sha, the present administration have forced some people to become fake bloggers with a fake news while our buffoon president keep on littering the net with selfies. Continue campaigning after 10 months nothing to show up,you are here posting campaign promises in order to justify the evil tactics and foolishness of this administration. This administration should get to work!!!!! Have they forgotten that election is over 12months ago? Are you not tired of all these campaign?. 4 Likes 3 Shares |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Nobody: 5:57am On Apr 16, 2016 |
jcross19: Notin is campain promise in dat article. These are clear policy of d govt and have been budgeted for. 1 Like 1 Share |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Nobody: 6:19am On Apr 16, 2016 |
Chai APC. One day, one lie. Apart from the China deal, what has he gotten right ? I can even pull up my comments and advices on this forum dated June 2015 advicing Mr President on taking a Chinese loan when he was still busy running around Obama and Cameron for selfies. 3 Likes |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Nobody: 6:25am On Apr 16, 2016 |
Naughtysite: Let wait and see what happened by December 2017 |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by luvinhubby(m): 6:31am On Apr 16, 2016 |
And the bogus & unrealistic plan of yours is silent on the $10 billion (N1.9 trillion) borrowing that will directly plunge Nigeria into the pre-2004 debt burden thereby increasing Nigeria's annual debt servicing by an additional 10% of our annual budget in the next 2yrs. And at an alarming 12% inflation rate, most of the so called capital projects will be requiring an additional increamental borrowing to sustain or complete them. Buhari is leading Nigeria straight into debt dungeon. 2 Likes |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Nobody: 6:33am On Apr 16, 2016 |
jcross19: The are not campain promise. Read below March 31st 2016 statements The minister of information and culture Alhaji Lai Mohammed said that the signing of the budget by President Muhammadu Buhari would reflate the economy and uplift millions of Nigerians out of abject poverty. Read more at: http://www.vanguardngr.com/2016/03/no-rift-over-2016-budget-says-lai-mohammed/ |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Stalwert: 6:43am On Apr 16, 2016 |
I keep asking how wailing zombies intend to feed and live on hate for the next 4 years, na die be that oh! Our prayers are with PMB we will get to the next level insha Allah. 1 Like 1 Share |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by modath(f): 6:46am On Apr 16, 2016 |
opalu: Gbam!!!! People get garrulous when they get to power so it's strange that PMB isn't throwing out acronyms & catchphrases!! Who catchphrase don hep? Action & results are what Nigerians need & expect.. 1 Like 1 Share |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Nobody: 6:49am On Apr 16, 2016 |
modath: Thank you. For those who wants accronyms should make do with : Diversification Of The Economy (DOTE) 1 Like |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Coolcash1: 6:50am On Apr 16, 2016 |
A man is not judged by effort but result...Nothing will come out of a good policy or plan if it's not well executed or implemented. Wish PMB success. 4 Likes 2 Shares |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by modath(f): 6:53am On Apr 16, 2016 |
tuale4u: It's cool really! Tres cool!! DOTE!! To pay utmost attention to and also show care & affection, which is what PMB's grind is!! I'm tiffing it!! ![]() 2 Likes 1 Share |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Day169: 6:56am On Apr 16, 2016 |
Wailers beware! 1 Like |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Nobody: 7:06am On Apr 16, 2016 |
luvinhubby: Budget deficit is to stimulate d economy from recession. US ecomomy survive on Defici8t Budget. As long as there is no stealing or with minimized stealing, Nigeria will feel d positive impact. |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by Nobody: 7:09am On Apr 16, 2016 |
modath: You are free to Spread it (DOTE). |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by juman(m): 7:15am On Apr 16, 2016 |
opalu: You are perfectly right. Anybody can version out any so called "best policy". 1.5 trillion on Infrastructure is grossly too little for a country like nigeria that has no functional infrastructure. |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by AirFireEarthH20: 7:18am On Apr 16, 2016 |
luvinhubby: $2b not $10b bro I think it's typo from ur side. My brother the mugu Op didn't see this, can't quote u because he is blind. I don't blame him because he needs to eat, APC has paid him and this forum to post propaganda reports for the gullibles. 1 Like |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by luvinhubby(m): 7:40am On Apr 16, 2016 |
tuale4u: And N500 billion of the borrowing was earmarked for welfare packages that will 'stimulate the economy'. I see! 1 Like |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by luvinhubby(m): 7:44am On Apr 16, 2016 |
AirFireEarthH20: The $2 billion is only from China. He is borrowing from Saudi Islamic bank, Qatar & U.A.E govts & other global lending outfits. N1.86 trillion is $9.6 billion. 1 Like |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by dearsly(m): 7:49am On Apr 16, 2016 |
DOTE (Diversification Of The Economy)? And he went to borrow cash in Yuan,making importation cheap and very accessible ![]() The moment the Yuan is devalued, u know the rest.... OP ya case is a spiritual one!...I c madness roaming around u!.... ![]() ![]() ![]() ![]() 4 Likes |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by AirFireEarthH20: 7:57am On Apr 16, 2016 |
luvinhubby: Can u imagine? And the media is quiet. smh 1 Like |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by luvinhubby(m): 8:02am On Apr 16, 2016 |
AirFireEarthH20: The $10 billion is base, there are strong indications that the borrowing may hit $15 billion considering the gloom outlook of the economy & IGR. Nigeria is seriously in my prayers. 1 Like |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by olorunda68: 8:04am On Apr 16, 2016 |
Nigerians I hail o! you accused the government of not communicating its program and policy objective to the citizens adequately, but when it does, the opposition term it as propaganda or tell the govt " election is over " ![]() |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by DaBullIT(m): 8:36am On Apr 16, 2016 |
Another win for certificateless Daura cattle rearer Don't you just love this pungent body odor? ![]() |
Re: Buhari Economic policy is very sound and Pragmatic. by Tuale4u by gidgiddy: 8:48am On Apr 16, 2016 |
Buhari must think we are all stupid. How can someone lay out an economic policy but doesn't tell anyone how it will be achieved? That's like me saying I want to travel from Enugu to Lagos but I don't know if I'm going by land, air or sea. As an Igbo guy, I already know that Buhari is a disaster just like every head of state whoever ruled Nigeria. I'm just happy that I did not vote for the gworo chewing dullard of Daura. 1 Like |
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