Saintp: You Pro Buhari, anti Buhari, Pro GEJ and anti GEJ can all argue and insult each other till the kingdom come. But one thing about these kinds of argument is that there is never a winner. In fact, u all are losers. So what is the point?
I was asking a top HR director in this country why they don't recruit thier very top management from Nigeria and she said Nigerians are full of excuses and don't take ownership of any problem. But the truth is that is who we are.
Whatever bullshit that happened in the past, somebody campaigned to fix it, went round the whole country begging for a chance to fix the rot, he was given the chance to fix the damage but then all we hear is excuse upon excuse on why the problem is getting worse.
fiizznation: You guys should be very grateful to president buhari for rescuing Nigeria from the tight grip of corruption.
Nuff said
I swear if not that I knw ur father I would have asked thunder to fire him. As corrupt as your uncle he is still working as a mortuary attendant and I remember seeing ur Mom at Allen Avenue, what kind of corruption runs in ur family sef? Buhari should start with ur family. I rise...
PRYCE: To give a summary on Buhari's era, I'd use 'COLLOSAL FAILURE' to describe it!
Buhari has robbed this nation of its potential with Archaic policies and flagrant display of incompetence.
Most startups now have been choked to closure, 'growth' is now an obsolete word.
Infact, ain't no better words to describe the state of the nation. Pity!
There are better words to describe the state of the country, Nigeria: President Buhari is pursuing Islamic Republic of Nigeria.
To Buhari's advantage in his pursuit is the rigged political structure of Nigeria that gave twenty new federal units (states) to one northern region, but allowed only seventeen states in the once two southern regions. This present political structure is the greatest fraud about Nigeria, because in a federal country, land mass is never used as criterion to create new federal units, as was used by northern soldiers to create Nigeria's thirty-six states and Abuja political structure.
The rigged political structure is reason why a Buhari could easily emerge as president of Nigeria, a country with hundreds of thousands of more qualified presidential candidates than Buhari.
The Buharis shall continue to lord it over Nigeria until the southern people insist that Nigeria be restructured politically in a democracy, or Nigeria be dissolved into six or more manageable countries.
obailala: Thanks for your nice words. Unfortunately I agree with you completely, Buhari is too rigid and dormant on the economy and this has left the nation on a total standstill even as we slip further into oblivion. He hasn't done anything which impresses me to proof that he can reverse the tide of our economic woes; from all indication, he's just sitting back and hoping a miracle will happen but I fear that with the present level of damage, even a $100 oil price may not fix it all instantly.
The present situation we find ourselves needs someone with extremely high intellects to tactically navigate us out of the mess, and this sort of scenario is totally not Buhari's forte. I see Buhari as a person who if he's given N1m and asked to do a job of N1m, he would get the job completed without us hearing stories of how half the money developed wings; that is exactly the reason behind my support, because I believe this quality is exactly what the last dude lacked. Unfortunately at this point, we need someone who actually knows how to 'make money' out of nothing.
agreed but buhari can't do it alone,he has surrounded himself with criminals like gej did(the sgf,abba kyari,dambazu,daura Nd the rest.I think buhari should stop focusing on fighting corruption alone nd face the economy. Nigeria need a leader who has integrity(Buhari edge here) , knows how to make money out of nothing(gej edge here),but what we need most is someone who will handle us with iron hand nd make policy that will reduce how much we depend on imported stuff.if I was buhari I'll reduce the % of cars imported to naija Nd I'll stop tokumbo cars important,by now we should be seeing innoson cars on the road nd it should be government official car.if buhari does this then I'll vote him in 2019 even though I don't like him.
Rebasing an economy does not make it more developed.
It is like doing census.
The Nigerian economy heavily relies on the government and the government heavily relies on oil. But Jonathan was changing that. And it was in that light that he refused to implement TSA after formulating it.
Jonathan chose to borrow to pay salaries rather than chop off money for other projects. For example, he wasn't borrowing to pay fuel subsidy of more than 1 trillion naira annually. Whether that was a good decision is up for debate. And by the way, GEJ borrowed majorly from within the country. So, he envisaged that when paying back, the money stays in the country.
What you fail to understand is that GEJ and NOI knew how to pilot Nigeria through 18 months of oil drop without a recession setting in. If GEJ had continued in May, he would have held the fort steady for another 8+ months before the prices started rising in 2016.
Nigeria would have NOT entered a recession if GEJ was still the president. And I'll give you a couple of examples why:
1. The N5.2 trillion naira in the TSA would still be in the economy keeping it afloat. 2. Nigeria would not have lost its credit ratings in 2015/2016 that led investors to remove billions of dollars from the economy. 3. GEJ/NOI would have done better to assuage the concerns of investors by readily devaluing the currency slowly and carrying out other fiscal reforms that would make us sustain our 2014 FDI levels (or at most record minimal drop). 4. NOI would already have formulated a new fiscal policy within 1 month of GEJ's re-election as Co-ordinating Minister of Economy. Osinbajo has not being able to do same more than 18 months after election as head of the economic unit. 5. With that fiscal policy, our monetary policy will be in tandem with our fiscal policy, and it'd lead to more stable thorough economic decisions, rather than the flip-flop economic decision-making that this government is known for, because more than 18 months after being elected, we do not have a fiscal policy, not to talk of harmonizing fiscal and monetary policies. 6. Nigeria would not have had an administrative vacuum for 6 months in 2015. 7. GEJ would never have gone abroad to de-market Nigeria like Buhari did in 2015.
All the warnings and the austerity measures by NOI was to alert Nigerians to adjust. That is what sensible, qualified, liberal economies do. Kemi and her band of APC misfits did the exact opposite by saying all is well, only wailers are suffering, recession is just a word, Nigerians are overreacting. See where that got us?
Since 1999, oil price has fallen 3 times under 3 different PDP governments. All 3 governments were able to manage it without any negative growth EVERY SINGLE time. With that 100% record, there is no rational human being that wouldn't say Nigeria's economy had a hell of a lot more chance riding the 2013-2016 price drop under Jonathan than under a medically-, academically-, and intellectually-unfit ex-dictator and coupist who did not improve himself one bit in over 30 years outside Aso Rock.
Jonathan had his faults, like every body, but comparing him to Buhari is an ABOMINATION. Buhari should never have ruled Nigeria. Not in 1983, not in 2015. PDP tried their best to clean the mess he made in 1983-1985, and inflated by his comrades IBB and Abacha. God helps whichever party takes over after he is done with the mess he is creating now. And God forbid more APC comrades come after him like his military comrades in the 80's n 90's.
By the time they are done, Nigeria will have a new 4th-World category all to itself.
-Lord
Thank you, I forgot I am not an economist and a bad student of political history without good management knowledge.
How about the previous government? Its very glaring you represent PDP and it will be very hard for you to speak the truth. Its high time we should start seeing things as a Nigerian and not as a Political Party member
engineerboat: It is an unprepared student that will always find excuses to why he wjll always fail to perform in every examinations.
It is one thing to grab power, it is another thing to use such power profitably for the good of the people that put you there.
This government from their recent actions and inaction have shown to Nigeria why they should not be trusted with power again
Godemcee: agreed but buhari can't do it alone,he has surrounded himself with criminals like gej did(the sgf,abba kyari,dambazu,daura Nd the rest.I think buhari should stop focusing on fighting corruption alone nd face the economy. Nigeria need a leader who has integrity(Buhari edge here) , knows how to make money out of nothing(gej edge here),but what we need most is someone who will handle us with iron hand nd make policy that will reduce how much we depend on imported stuff.if I was buhari I'll reduce the % of cars imported to naija Nd I'll stop tokumbo cars important,by now we should be seeing innoson cars on the road nd it should be government official car.if buhari does this then I'll vote him in 2019 even though I don't like him.
Nigeria need iron hand
It's his duty to choose those around him, if he decides to surround himself with only vermins (like he's doing presently), it his fault, not mine and he gets to take all the blame.
[color=#990000]You did not explain how $47 billion reduced to $30 billion with oil at an average of $100bpd but you could blame the governors for the ECA?
If at this juncture, you're still ignorant of the fact that external reserves belong to CBN and not FG, and so does not give FG direct control, then you and those listening to you are in a pitiable situation.
You did not mention how Sanusi was booted out of CBN for blowing whistle on the missing $20 billion under GEJ
Another fiction fighting to become a fact! Why has nobody been prosecuted? Or is GEJ still blocking it?
You did not mention how Nigeria was disgraced by South Africa with the over $15 million found in Oritsejafor's private jet
This is a product of international conspiracy, and all those involved are dancing to the tune of the music.
obailala: It's his duty to choose those around him, if he decides to surround himself with only vermins (like he's doing presently), it his fault, not mine and he gets to take all the blame.
agreed,he should just adjust his cabinet,cause only him cannot do it if he surround himself with crooks
bro i only ask a question. you've been defending PMB government from most of your comment and i just wanted to clarify somethings..
------------------------------------------------------------------------------------ why do we Nigerians feel we have to insult, belittle etc each other to actually make a point.
You are free to seek clarification based on my assertions and not what I did not assert or insinuated.
Stating facts and correcting the OP's flawed and elementary post doesn't mean defense of anybody or any government.
Going by your flawed and 2 year old kid logic that we can not blame jona based on the way the people before him like OBJ and Atiku ran the country, then you can not blame PMB for how Jona ran the country.
Should we also blame OBJ, Atiki and PMB for the wholesale and institutionalized looting and stealing under Jona and also for Jona borrowing hundreds of billions to pay workers salaries?
I feel terrible for even paying you any attention.
Mr Jonathan Blamer,did Jonathan stil cause d recession under Pmb in 1983? So because Apc says they were looting and stealing under Jonathan its true? What abt the looting going on under Apc,what has Buhari done?
Going by your flawed and 2 year old kid logic that we can not blame jona based on the way the people before him like OBJ and Atiku ran the country, then you can not blame PMB for how Jona ran the country.
Should we also blame OBJ, Atiki and PMB for the wholesale and institutionalized looting and stealing under Jona and also for Jona borrowing hundreds of billions to pay workers salaries?
I feel terrible for even paying you any attention.
The problem I have with Ur type is that u will be staring d truth at In d face and still b spewing trash back to back.
Obj brought GSM not d military
Goodluck made rice N8000 not obasanjo
Buhari made dollar N505 not goodluck
What is wrong with you people
D clueless goodluck kept food on my table all Tru his tenure, Ur buhari messiah came in mounted pressure on d dollar by a lame policy of restricting Forex for rice importation, what has he invested in d Agric sector that gav him d guts employ such policy.
U saw d effect on d naira...
Summary: I am not partisan, Buh what a clueless PhD holder couldn't do, a clueless ssce holder will only make it worse.
Q.E.D
Finally I have a question for you, when buhari took us into recession in 1983, was it caused by pdp or goodluck
Whenever you I hear Buhari, recession comes to mind
If this is all you could write, you are a COLOSSAL disgrace to the entire Nigerian youths, you are also a great INDICTMENT to the TENETS of GOOD GOVERNANCE,
So you don't know that there is a difference between ECONOMIC GROWTH & ECONOMIC DEVELOPMENT?
With all the data that you claimed was achieved under GEJ, did it make YOUR life better under your hero of corruption?
Despite the having the biggest rebased economy, how is our quality of life better than that of South African under GEJ?
Has it made Nigeria developed than South Africa, Ethiopia or Rwanda?
You did not explain how $47 billion reduced to $30 billion with oil at an average of $100bpd but you could blame the governors for the ECA?
You did not mention how Sanusi was booted out of CBN for blowing whistle on the missing $20 billion under GEJ
You did not talk about our ARMS MONEY were shared by Dasuki for politicians under the direction of GEJ
You also forgot the BLOODIEST RECRUITMENT conducted in the history of Nigeria by by Abba Moro whom GEJ refused to sack
You did not mention how Nigeria was disgraced by South Africa with the over $15 million found in Oritsejafor's private jet
You failed to tell us why Okonjo Iweala was borrowing to pay workers salaries despite the oil boom,
You did not tell us what happened with Stella Oduah's BMW
Or have you for gotten the Andrew Yakubu's loot?
What about the $15 million MEDICAL FEES of PEJ?
You failed to mention how Tompolo had 13 billion naira in his account?
What about Obanikoro's confession that GEJ ordered him to ferry over 4 billion naira to Fayose?
So, all these did not put Nigeria in a sorry state?
Every time I read your article, I'd always thought you meant well for Nigeria not knowing you can't be a good Councillor let alone a President
HIGHESTPOPORI: Mr Jonathan Blamer,did Jonathan stil cause d recession under Pmb in 1983? So because Apc says they were looting and stealing under Jonathan its true? What abt the looting going on under Apc,what has Buhari done?
Did PMB made Jonathan and Dasuki loot and share our money?
Did PMB made Jonathan and PDP loot $20 billion power funds?
Did PMB made Jonathan borrow hundreds of billion to pay workers salaries when oil was selling for $80 per barrel?
Did PMB prevent Jonathan from investing the largest accumulated revenue in the history of Nigeria?
Did PMB prevent Jonathan from building infrastructures?
Did PMB prevent Jonathan and 16 years of PDP from giving us 24/7 power supply?
If you are going to defend 16 years of PDP and 5 years of Jonathan, start by showing us what they did with the largest accumulated revenue and earnings in the history of Nigeria.
If the PDP and Jonathan did so great for Nigeria and the economy, then why keep borrowing hundreds of billions till 2015 when PMB entered office ?
BlackMbakara1: Hello OP, nice write-up but just a fancy to me with the following reasons below between this government and previous:
1. Before this government took over, GEJ governemnt was borrowing to pay salaries, how can you justify that and how much was the price of crude then?
2. Are you aware that the dollar was subsidized then with our external reserve unlike now that it's been floated where market forces determine it? And that was when oil price was good.
3. Talking of rice 8000 naira; if you can subsidized the forex then, why won't it be cheap?
4. The GDP witness in those years you mentioned was because there was boom in oil price and as such there was money to pay salaries, pay contractors, share among friends, jobs and activities were going well.
5. Hoarding and sharing of dollars especially the 9.8 metre that was just discover constituted to our problem. I guess it's just a tip of the iceberg.
I could go on and on, but it's best i stop here and conclude. Our main stay is Oil, until we fully diversify we are headed nowhere.
Wake up and stop spewing trash here.
Don't misinform people on public forum
Who told u goodluck subsidised dollar
Go and research on the policies and tech. that made rice to come as low as 8k.
Dnt come here and go on and on with a lame display of Ur ignorance.
The problem I have with Ur type is that u will be staring d truth at In d face and still b spewing trash back to back.
Obj brought GSM not d military
Goodluck made rice N8000 not obasanjo
Buhari made dollar N505 not goodluck
What is wrong with you people
D clueless goodluck kept food on my table all Tru his tenure, Ur buhari messiah came in mounted pressure on d dollar by a lame policy of restricting Forex for rice importation, what has he invested in d Agric sector that gav him d guts employ such policy.
U saw d effect on d naira...
Summary: I am not partisan, Buh what a clueless PhD holder couldn't do, a clueless ssce holder will only make it worse.
Q.E.D
Finally I have a question for you, when buhari took us into recession in 1983, was it caused by pdp or goodluck
Whenever you I hear Buhari, recession comes to mind
Did PMB made Jonathan and Dasuki loot and share our money?
Did PMB made Jonathan and PDP loot $20 billion power funds?
Did PMB made Jonathan borrow hundreds of billion to pay workers salaries when oil was selling for $80 per barrel?
Did PMB prevent Jonathan from investing the largest accumulated revenue in the history of Nigeria?
Did PMB prevent Jonathan from building infrastructures?
Did PMB prevent Jonathan and 16 years of PDP from giving us 24/7 power supply?
If you are going to defend 16 years of PDP and 5 years of Jonathan, start by showing us what they did with the largest accumulated revenue and earnings in the history of Nigeria.
If the PDP and Jonathan did so great for Nigeria and the economy, then why keep borrowing hundreds of billions till 2015 when PMB entered office ?
ZoneB don't quote me again,buhari promised changed and not to come blame jonathan,he should prosecute jonathan if he feels he looted d treasury and not all these media trials from Apc.90percent of Apc politicians were in Pdp during d 16yrs rule,so why puting all d blame on Jonathan
HIGHESTPOPORI: ZoneB don't quote me again,buhari promised changed and not to come blame jonathan,he should prosecute jonathan if he feels he looted d treasury and not all these media trials from Apc.90percent of Apc politicians were in Pdp during d 16yrs rule,so why puting all d blame on Jonathan
[/s]
Did PMB made Jonathan and Dasuki loot and share our money?
Did PMB made Jonathan and PDP loot $20 billion power funds?
Did PMB made Jonathan borrow hundreds of billion to pay workers salaries when oil was selling for $80 per barrel?
Did PMB prevent Jonathan from investing the largest accumulated revenue in the history of Nigeria?
Did PMB prevent Jonathan from building infrastructures?
Did PMB prevent Jonathan and 16 years of PDP from giving us 24/7 power supply?
If you are going to defend 16 years of PDP and 5 years of Jonathan, start by showing us what they did with the largest accumulated revenue and earnings in the history of Nigeria.
If the PDP and Jonathan did so great for Nigeria and the economy, then why keep borrowing hundreds of billions till 2015 when PMB entered office ?
Mere allegations that can't be proved, when Senate did all they could with d SGF, they ended up with company interest, We all know magu case is because the senators are afraid for their lives, BRF shamed you guys by clearly stating it that he knew nothing about the 2 billion, what else do you guys need to reset your brains that it is no longer business as usual, you guys had your time and wasted those 16 years
I'll let jona and okonjo explain to you their failure and what led to what we are going though.
They agreed already that they failed so what's your own talking ignorant rubbish?
sure they failed Nigerians but you not seeing anything bad with the way PMB is running the country is actually alarming. giving ministerial appointments to well known criminals, etc.
Let's just agree for a second that they were the same corrupt people under PDP, what stopped Jonathan and his EFCC and law enforcement agencies from investigating, prosecuting and jailing them? last time I checked, they all defected while Jona was in office.
You people come up with the lamest logic to excuse away corruption.
See u just shot urself on the leg, so since gej failed to jail them; he is corrupt.
What do we call d man that his election was sponsored with looted money?; Master of corruption.
What do we call the party that accepted corrupt pdp members?
See, I dnt vouch for any party, I am concerned with policies and individuals in government.
The Nigerian politician doesn't gv , damn abt u and I, expect if u r in his linage
Go and research on the policies and tech. that made rice to come as low as 8k.
Dnt come here and go on and on with a lame display of Ur ignorance.
I'll leave you to what you know Mr. Noah... so you don't know the reserve what what was use to strengthen the naira and what do you call that? Pikin! And stop blahing stupid tech that doesn't exist in naija...
sure they failed Nigerians but you not seeing anything bad with the way PMB is running the country is actually alarming. giving ministerial appointments to well known criminals, etc.
When you mismanage your salary today, you will suffer tomorrow.
Borrowing hundreds of billions to pay salaries and looting your treasury dry and decimating your forex reserves to pay salaries when oil was selling for $100 per barrel, it means you are going to suffer when oil starts selling for $40.
More austerity measures coming – Okonjo-Iweala
By BusinessNews Staff on January 17, 2015
Following the continuous decline of the price of crude oil in the international market, the Federal Government on Thursday said it was preparing additional measures to mitigate the impact of the price drop on the Nigerian economy.
Jonathan introduced recession back in 2014 and Okonjo promised to come up with more austerity measures in January 2015, less than 5 months before PMB.
nduchucks: The OP'S write-up smacks of profound ignorance of basic micro and macro Economics, monetary policy and other major factors which affect GDP, unemployment at the national level, and foreign exchange rates.
Understandably, it is difficult for most people to wrap their hands around N1 billion, let alone the hundreds of trillions of naira siphoned out of the coffers of the government of this great country.
The damage done by the last government in particular, will take much more than 2 years to repair. The sufferings of many Nigerians at this time is very unfortunate but unavoidable.
Insha Allah, by the time Buhari finishes draining the swamp, the next crop of leaders would build on a foundation which would also suffer from corruption, but manageable corruption.
