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Nairaland Forum / Nairaland / General / Politics / Yoruba Need To Vote For PMB For Continue Development In Southwest (2625 Views)
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Yoruba Need To Vote For PMB For Continue Development In Southwest by gbolah1(m): 3:47pm On Feb 17, 2019 |
Dear fellow omoluabi, I will appeal to everyone to think deep before we allow the current economic meltdown and campaign of hatred forget the benefit and the future of our region. I will agree with all the aggrieved citizen that the current economy in our nation is not the best, but changing government is absolutely not the better option. I believe buhari as learn is lesson from the first administration while we hope for better rewarding future in the incoming administration. Southwest is better equip and position in term of development under buhari/osinbajo administration. If we allow the selfish interest of some people do the wrong thing come nextweek Saturday by voting out the current administration, we will all regret the action. Amnt a member of any political party but am talking as an individual that want his nation and region to develop. The Nigeria economy have been drive by the corruption since and changing stile will surely affect many citizen. Example of it is the below story I will like to post for better explaination. 1. A young man works for one of the state ministries. His salary is 120K. He makes 15,000 everyday on this desk (N75k a week) engaging in corrupt practices. As a result, he spends the daily cash as he cares. Living large and far above his legitimate income. 2. He visits the local joint every evening and buys drinks for friends, and area boys. They hail him. He is married, but has two girlfriends. His "income" is enough to take care of them. The Asun seller at his favorite joint is happy, the joint owner is happy. 3. Everyone was benefiting from his "income". Friends, family, area boys, joint owner, Asun seller, girlfriends, wife and his church. Life was good. 4. Then suddenly the ministry implemented the Treasury Single Account (TSA) at the beginning of PMB administration. His extra "income" disappeared and he had to adjust to the reality of event and live within his real income. That wasn't easy. 5. Initially he reduced his daily visit to the joint to 3 days a week and stopped buying drinks for everyone. He reduced he plates of Asun. The Asun seller started to find it hard to sell a full goat each day and resorted to buy half. 6. The young man's girlfriends started to feel the heat too. No more iPhone 10. The joint owner noticed a drop in sales. The young man finally stopped visiting the joint after a month. The area boys started feeling his absence. The effect cascaded down. 7. The young man started spending more time at home with his wife and kids. The family had to readjust to the reality of the new normal. His hair stylist noticed the young man suddenly stopped tipping. He will even wait for his N200 change after haircut. 8. Things are different. Times are hard, they all cry. The young man is blaming Buhari, his wife is blaming Buhari, the area boys are blaming Buhari, the girlfriends are saying Buhari must go, the joint owner is saying Buhari killed the "economy" 9. The Asun seller is cursing Buhari, the hair stylist is insisting Buhari is too old to rule. This is the story of our nation where corruption fuels the "economy". Those who are not engaging in it are benefiting from it. 10. This tread is not about Buhari's achievement or failure, but rather about the "multiplier" effect of corruption and how we have built a system largely driven by corruption. It's about policy implication (good or bad). It's about the choices we have made. Finally, the young man had to withdraw his kids from what he called expensive primary school his kids attend. He added:"what are they teaching them there sef " Obasanjo didn't go to a private school. I just laughed My Take: Most of the so called rich men and women in Nigeria before now were feeding fat on the populace, imaging a level 15 officer in a state ministry sponsoring two of his/her children's education in Europe but when TSA came to effect, free money dried up but Buhari was blamed for the inability to fund children in Europe! Awon ole jati -jati, ofan a je l'oju onile. 11 Likes 2 Shares |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by oyebanji44: 3:48pm On Feb 17, 2019 |
Yes oo Absolutely correct ![]() ![]() ![]() 4 Likes 2 Shares |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by raumdeuter: 3:50pm On Feb 17, 2019 |
We Yorubas are solidly behind Buhari and our son Osinbajo Let others vote their son too 12 Likes 3 Shares |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by PMBuhariGCFR: 3:50pm On Feb 17, 2019 |
Yes. Help me tell them to vote me on saturday. InshaAllah I would keep to my promises |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by Asshurbanipal: 4:00pm On Feb 17, 2019 |
Until you overgrow narrow minded tribal interest and have national interest, you are not going anywhere in national politics. There is no yoruba nationalist at the moment and no amount of ass licking Buhari can get you anywhere. So the rest of the country can burn to ashes then? And you think others are folding their arms? 26 Likes 2 Shares |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by Oshin56(m): 4:00pm On Feb 17, 2019 |
I'm not a member of any political party but any government that's not performing we need to vote them out so that the incoming government can receive sense. My brother apart from lagos-ibadan express road point another achievement in SW Ekiti, Ondo, osun and Oyo state name one of the achievement 21 Likes 1 Share |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by gbolah1(m): 4:12pm On Feb 17, 2019 |
My friend the best option isn't about voting them out, have you read the example of the story I posted, to show you how corruption drive the economy, it's only when the adjustment is made before things can normalized. Nigeria as been use to fake life which his what our past leader brought to us as a result of free money. In develop country, if there system are not been tightened, do you think they can made an headway? Am appealing to you personally, think deep and understand the problem of this country, APC and PDP are same, just that one is better the other Oshin56: 5 Likes 1 Share |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by celeiyke: 4:25pm On Feb 17, 2019 |
Let's support our son Sowore or Durutoye rather than Buhari 11 Likes |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by gbolah1(m): 4:27pm On Feb 17, 2019 |
Appeal to more people, so many people are frustrated because of the current economic situation, you need to enlighting them n let them see reason why they need to vote for PMB/PYO. It's not about chest beating. If election wasn't conducted yesterday, there are so many people that just wanted to make a protest vote in which it willnt be the best for the country in the long run. Appeal to your friend,neighbour,co-workers etc. Not about chest beating Win there heart with a better explanation raumdeuter: 1 Like |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by SarkinYarki: 4:30pm On Feb 17, 2019 |
Dear Nairalanders there have been various arguments on who was really responsible for the Economic slump witnessed under the Buhari govt with some people saying the slump was as a result of 16 years of bad leadership by the PDP which just happen to tank during Buhari administration and others saying the buck lies squarely with Buhari .. I am of the latter opinion that Buhari indeed is 100 percent responsible for the recession and I have carefully outlined all the poor policies by Buhari that led to the slump please enjoy . 1 : Delay in communicating a policy direction on time: Ladies and gentlemen this was the first mistake by Buhari as he failed to communicate any economic policy direction immediately he was announced winner leaving all economic stakeholders in the dark , for months no stakeholder knew is the the new govt was going to be favourable to the private sector and at what level and instead of Buhari communicating this he instead went to work straight stoking the embers of tribalism and division with his 97% to 5% gaffe which immediately cast a veil of economic and security uncertainty on the polity and economy . The outcome : Investors immediately put a pause on any further investment till the air could be clearer at least on what economic direction the president was towing. 2 : Delay in choosing Ministers The 2nd mistake Buhari will make was his deliberate delay in choosing Ministers for almost a year meaning he spent his first fiscal year without any form of FEC meeting where new govt tactical and strategic policies are brain stormed and matched against Key Performance Indicators (KPIs) , this delay was like virtually pausing the life support of a patient in Coma while you searched for a medical expert !! The Outcome: This needless delay would end up putting the Nigerian economy under stress as for months unending every other micro policy from state govts to local govt to private sector where all put on hold as stakeholder waited for ministerial direction as a plimsol to guide their own decision so it was not uncommon for many of us to walk into our clients organization and be told we had to halt projects tool the ministers where inaugurated. 3: Immediate Infighting within the Presidents party : Buhari has always been known to be a very cunning and divisive man who is very fond of speaking from both side of his mouth all just to protect his secret interest and he will immediately use this character to bring division into his ruling party where once again his inability to firmly set a direction would open the doors for chaos and spoils grabbing as no one knew how Buhari wanted the structure of party leadership to be , this lapse immediately brought about many camps within the party all infighting for the spoils of their latest conquest while the economy was left unattended. The Outcome No unity between the party leadership, the executive and legislative right from the onset a problem that will further sacrifice the health of our already struggling economy further. 4: Poor implementation of TSA It had never been a secret that Nigerian Govt funds housed in many Nigerian banks provided a lot of stability for the financial sector even though it left some loophole for possible corruption but the benefits far outweighed the risks , it was in this light the previous govt agrees that the implementation of the TSA must be staggered in phases so as not to cause financial shock to Nigeria managing Banking industry but Buhari will disregard the advice of expert and go for total implementation over night a costly bad decision that threw the financial sector into sudden confusion as predicted by experts, meaning over night our banks suddenly had less deposits to use to manage the delicate balancing of funds between depositors and lending , ofcourse at such times it's the lending aspect that will suffer as depositors must always have access to their funds as at when they want it because they are in Fact the soul of the banking business . We should note this action was clearly an indirect sabotage to the financial economy similar to a previous Buhari error in the 80s where he changed the Nigerian currency over night in a bid to catch looters ![]() The outcome : the private sector suddenly had less access to loans and as result many economy growing projects where put on hold at great cost to the the Economic kinetics and potential of the Nigerian economy. 5: Going after Tompolo at a time of low oil Prices At a time of low oil Prices most good leaders immediately try to drastically increase output and production in other to cover for projected short fall in revenues but shockingly it is at this time that President Buhari will choose to shake the fragile peace in the Niger Delta in a poorly thought out decision to send the military into the oil rich Niger Delta to hunt for oil warlord General Tompolo over a 13 billion Naira (35 million dollars ) payment made to Tompolo by the previous govt for the purchase of some land for some university , it ended up being a total economic disaster which only ended up worsening the Economic outlook of the country. The Outcome : In attempt to go after 35 million dollars the Nigerian economy ended up losing a projection of about 100 billion dollars and countless lives and the painful part is that Tompolo was never caught neither was the 35 million dollars ever recovered ..Infact it's said the military operation itself cost the govt over 60 million dollars . Talk of a very bad decision . 6: 5 Billion Dollar MTN fine Early in Buhari govt without even a policy direction in place and heavy economic uncertainty the Buhari govt in its bid to raise cheap funds will make a very bad mistake by fining telecoms success story MTN a mind boggling whooping 5 billion dollars for failing to properly register less than 1% of its subscribers a practice common with all 4 mobile Telcos in the country but surprisingly only MTN was singled out for this quite suspect fine which may industry observers have said is nothing short of a grandiose approach to executive extortion but that's as story for another day , the bottom line is that this poorly thought out fine triggered a megathrust of capital flight out of the country by many private sector players including the same same MTN who feared that same fate could befall them under the knee jerk Buhari govt and in less than 4 weeks over 80 billion dollars was spirited out of the Nigerian Govt under the nose of Buhari in one of the greatest mass capital flight ever recorded in a developing economy. The Outcome: The capital flight triggered by the fine would put further strain on the economy once more and slow down any further new investments by such players , MTN will go further and cut it's support for thousands of small Nigerian Businesses and ideas citing lack of funds ( yours faithfully lost a lucrative advertising business my company ran regularly with MTN) MTN will drop many youth ambassadors it sponsored , drop Who wants to be a millionaire and project fame citing lack of funds , the total loss to small businesses that depended on MTN for patronage will run into billions of Naira in reality and tens of billions in projections. It was another economic misfire by the Buhari govt . The Outcome here was hyper capital flight and many calculated exits by investors from the Nigerian economy e g ETISALAT and heavy loss to Nigerian SMEs that got patronage of such players, this will translate into massive job losses and prospect deeper that can even be measured and the very very painful part is that after all the damage the Buhari govt failed to collect the 5 billion fine but instead reduced it to 650 million dollars to be paid over a long time by the Nigerian subscribers. 7 : Increasing Petrol Price and Electricity Tarriff at the same time: It's no secret that Nigerian micro business economy is driven by a finicky balance betwen the petrol engine and unstable electricity as the petrol engine is used to produce back up electricity used to power small businesses from fabricators to small offices to small online businesses to cooling to room to salon at times when NEPA electricity has failed and believe me in Nigeria it's almost all the time .. The Buhari govt will again show it's short sightedness in this area and deliver a devastating blow to micro business owners who are the foundation of 80 percent struggling Nigeria family units by increasing petrol price and Electricity Tarriff by a whopping 50 percent and at the same time which immediately increased the operational running cost of micro businesses about 100% , my brothers and sisters this was the death knell to the economy as it triggered wave of unplanned inflation overnight and reduced demand instead of the other way round where increased demand will trigger inflation, once again the Buhari govt had turned economic theories on its head and thrown the economy in to further doldrum. Many micro business who couldn't cope with this loss of demand as result forced inflation had to die throwing millions more into uncertainty and abject poverty. 8: Poor handling of Herdsmen Farmers Clash When farms and cattles meet there is always bound to be problem and in Nigeria this is no different but under Buhari this took a worse turn as instead of quickly using fairness and equity to resolve such tensions the Buhari govt immediately took sides with herdsmen for reasons best known to it and this immediately emboldened the herdsmen to escalate their attack as the realised there was no repercussion in sight as long as the Buhari govt continued to be one sided , this lack of will by the Buhari govt will end putting devastating blow on the foundational pillar of the Nigeria economy which is actually subsistent farming . The Outcome : The Outcome here was hunger hunger and more hunger as many subsistent farmers fled their traditional farmlands leaving in its wake reduced agro production and inflation as agro supplies dwindled , it also led to an increase in crimes as both herders and farmers took to kidnappings and robberies in other to survive . 9 Poorly thought out Import Tarriff increases The Buhari govt made two tax policies that I think were a really bad mistake and they are A : Increasing tariffs on anti malarial B: Increasing tariffs on Vehicles . Usually govt increased import Tarriff for two reasons either to protect it's own local industries or trying to discourage the use of such . The Buhari govt will shock all by increasing the Tarriff of antimalarials citing reasons that it wanted to encourage their production at home forgetting that Nigeria was a malaria endemic zone with little or no real infrastructure to support production especially under Buhari who had recently demobilized the lending sector with his poor implementation of TSA and increase cost of all production in Nigeria, this policy was another ok advised one as I would have expected the govt to first make the economy conducive to attract investment in those sectors before thinking of increasing Tarriff. The Outcome: The policy only succeeded in increasing the cost of healthcare and cost of vehicle in Nigeria which means a reduction in saving and disposable income for the average family unit , we didn't see the indigenous car plants or anti Malarial factories get built in Fact the policy was so bad that the Customs boss had to recently beg the Buhari govt to reduce it as it's is only encouraging smuggling and infiltration of substandard products . I hope with these 9 points we can all agree that Buhari was 100 percent behind the slump contrary to arguments the slump was caused by other govts and Buhari only inherited it . I am in no way trying to absolve past govts of poor leadership but only trying to show the role Buhari played in expediting the slump. Many thanks for the read and please feel free to share whether you support or not . Writer: SarkinYarki Bello 11 Likes 1 Share |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by gbolah1(m): 4:30pm On Feb 17, 2019 |
They area not ripe for the contest, they election is between the 2 candidate. If you vote for sowore or durutoye or any other candidate, it show u are given Atiku a better opportunity to win, Sowore/durutoye can conveniently work with PMB to boost the economy of this nation but I doubt if they will do same for Atiku celeiyke: 1 Like |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by naijapips04: 4:33pm On Feb 17, 2019 |
except that TSA is 100% a Jonathan achievement. 1 Like |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by gbolah1(m): 4:40pm On Feb 17, 2019 |
I believe the current government as learn is lesson from some costly mistake they made, PYO his heading the economic team now n there is a brighter rewarding future. Changing them to the old people maynt be the best option, let think deep SarkinYarki: 3 Likes |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by Nobody: 4:43pm On Feb 17, 2019 |
The truth remains that choosing people to lead us should not be based on religion or Tribes, this is the reason Nigeria is not growing..even if prof Osinbajo was the VP to atiku i would vote atiku but since he is the VP to Buhari, and Buhari is a No no, i would vote otherwise....if not that Sowore is not among the top contestants i would have voted him...we need to stop this tribal bashing!! Especially from this paid BMC on nairaland...they want to use this strategy to lure people like they did during the last Election. People shine ur eyes...most yorubas here know where they would Vote!! But this BMC are really working hard here to get people to change their minds for their selfish reasons 10 Likes |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by deomelo: 4:43pm On Feb 17, 2019 |
Yes o..... SW for PMB all the way.. ![]() ![]() 5 Likes 1 Share |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by AtikuMeansJobs: 4:45pm On Feb 17, 2019 |
Another Reason Why NIGERIANS SHOULD NOT VOTE Buhari's Phantom Nigerian Airways.... In 2016, the newsstand was agog with cheering reports of how Nigeria will start manufacturing pencil in 2018, an announcement that was made by no other than the Honorable Minister of Science and Technology, Mr. Ogbonnaya Onu, he went further to say factory when it kick start will have the capacity to employ 250,000 Nigerians. My question to Mr. Ogbonnaya Onu is where is the factory located and when are they going to commission it since we are supposed to be in the year of the fulfilled promise? Buhari, APC and their co-travellers should stop lying to Nigeria. It beats me hollow that a PMB that rode into power with the slogan of "Integrity" has lied to Nigerians more than previous Nigerian leaders combined. It's time to end the lies... 2 Likes |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by AtikuMeansJobs: 4:45pm On Feb 17, 2019 |
Elections is not a do or die. After the victory of the 2nd world by Britain & the allies, Winston Churchill lost d 1946 elections. Reasons being that people were hungry & Churchill could not bring d hard-ship to an end. So d Brits voted out Churchill. Buhari should accept d results if d process is sincere, reasons because people are hungry.It is pitiable when you hear some people from the SW talk of Atiku as thief, and claiming that Buhari will give the presidency to Tinubu, so we should support Buhari. All the above does not hold water. Tinubu is a theif and he is not good enough to rule Nigeria. I am from the SW and I am voting for Atiku.PDP all the Way 5 Likes 1 Share |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by DMerciful(m): 4:48pm On Feb 17, 2019 |
Lately threads about Yoruba tribal sentiments has been coming up frequently. Yoruba should not resort to tribal politics to reinforce failure, the Igbos voted massively for Obj a Yoruba man so if you perform well, people will vote for you! Say no to tribalism! 10 Likes |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by oyebanji44: 4:49pm On Feb 17, 2019 |
celeiyke:let me educate you on this..The reins of power must be shared between the north and south..8yrs for north ..8yrs for south....Sowore is a Yoruba man and also from the south..he doesn't need to live above board because the saddle power belongs to the Northerners. |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by oyoirabor: 4:55pm On Feb 17, 2019 |
Shallow minded thread from a shallow minded Op. My tribe ..my region...!!!! What is the need for Nigeria then ![]() Split the F... Country then!!! Now I know this man....Nnadi KANU is right afterall! !!!! 3 Likes |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by deomelo: 4:55pm On Feb 17, 2019 |
[s] AtikuMeansJobs:[/s] lol @ 16 years of failure, looting and stealing, abandoned projects, gross incompetence and borrowing to pay workers salary trying to match 4 ears of growth and project completion all over Nigeria. Nigerians are too smart to swallow another crooked and corrupt PDP looting and stealing gang. 1 Like 2 Shares |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by CityNGR: 4:58pm On Feb 17, 2019 |
I AM YORUBA, I AM VOTING ATIKU. 5 Likes |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by sreamsense: 5:04pm On Feb 17, 2019 |
Oshin56: Click below to see more acheivement, the development happen simultaneously in other regions across the country. No body can do it all, in 3yrs plus, he has tried. https://www.nairaland.com/4944537/major-buharis-achievements-south-west |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by gbolah1(m): 5:22pm On Feb 17, 2019 |
Do you really think deep before you decide on the whom you are voting for, dnt think of the present, think of the future of this country. Many people believed that am a paid agent of a political perty that's why am advocating for this, but the fact remain, money isn't every thing n we should learn how to put the interest of our nation n region in mind. Am doing this because I dnt want people to make a costly mistake in the process of anger. Let us all think deep and reason above the current situation CityNGR: 3 Likes |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by Oshin56(m): 5:24pm On Feb 17, 2019 |
sreamsense:name the achievement you don't need to refer me to any website 1 Like |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by valenu(m): 5:32pm On Feb 17, 2019 |
Hmmm! This country that can never move forward because of tribalism. Na wa oo. I just hate this country. @gbolah1 , I've gone through your posts and topics and have understood that you're just this kind of person who attaches emotion to irrelevant stuffs, channelling your energy to where it's not important. You take things too personal like it's all about you. Here is a topic u created: https://www.nairaland.com/4801051/presidend-buhari-didnt-sack-abba It shows that you are aware of what's wrong with Buhari's government. The problem with Buhari is that he never had plan on how to move this country forward. His main aim of coming into power was to fight corruption, but he's not fighting it right and I'm sure u know about this. OK, even if he's fighting corruption the right way, is fighting corruption alone the beat thing for the citizens? See how hunger is dealing with the majority of the populace. People's purchasing power has rapidly dropped just within their four years in office. I also saw ur topic where u complained about microfinance banks taking laws in their own hands when recovering their loaned cash. Do u know ur friend would have probably paid off his debt if the economy was better than this? Now, compare Atiku/Obi candidature with that of Buhari/Osibanjo. Take away tribe and u will see that Atiku/Obi is better in terms of growing our economy because they have been in the fields of businesses. Unlike Buhari and Osibanjo in which one had been in the military without establishing any business except their traditional cattle rearing and the other has been in the academic field which is very different from the real market. Now that you vowed not to vote Buhari if Abba Kyari is not dismissed, why are u allowing tribal sentiment to becloud your head? As a matter of fact, Buhari cannot dismiss Aba kyari because Buhari has since lost his grip on the government. Buhari does whatever Abba Kyari directs him to do. So, my brother, help us to discourage tribal sentiments. If Nigeria is better today, its for our own good. Everybody irrespective of the tribe would enjoy it just as everyone is crying now due to the present bad economy. Hope u listened to the leaked audio tape of Amaechi. God bless u bro 4 Likes |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by sammyj: 5:51pm On Feb 17, 2019 |
Ok |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by Nobody: 5:52pm On Feb 17, 2019 |
gbolah1:SarkinYarki: Dear Nairalanders there have been various arguments on who was really responsible for the Economic slump witnessed under the Buhari govt with some people saying the slump was as a result of 16 years of bad leadership by the PDP which just happen to tank during Buhari administration and others saying the buck lies squarely with Buhari .. I am of the latter opinion that Buhari indeed is 100 percent responsible for the recession and I have carefully outlined all the poor policies by Buhari that led to the slump please enjoy . 1 : Delay in communicating a policy direction on time: Ladies and gentlemen this was the first mistake by Buhari as he failed to communicate any economic policy direction immediately he was announced winner leaving all economic stakeholders in the dark , for months no stakeholder knew is the the new govt was going to be favourable to the private sector and at what level and instead of Buhari communicating this he instead went to work straight stoking the embers of tribalism and division with his 97% to 5% gaffe which immediately cast a veil of economic and security uncertainty on the polity and economy . The outcome : Investors immediately put a pause on any further investment till the air could be clearer at least on what economic direction the president was towing. 2 : Delay in choosing Ministers The 2nd mistake Buhari will make was his deliberate delay in choosing Ministers for almost a year meaning he spent his first fiscal year without any form of FEC meeting where new govt tactical and strategic policies are brain stormed and matched against Key Performance Indicators (KPIs) , this delay was like virtually pausing the life support of a patient in Coma while you searched for a medical expert !! The Outcome: This needless delay would end up putting the Nigerian economy under stress as for months unending every other micro policy from state govts to local govt to private sector where all put on hold as stakeholder waited for ministerial direction as a plimsol to guide their own decision so it was not uncommon for many of us to walk into our clients organization and be told we had to halt projects tool the ministers where inaugurated. 3: Immediate Infighting within the Presidents party : Buhari has always been known to be a very cunning and divisive man who is very fond of speaking from both side of his mouth all just to protect his secret interest and he will immediately use this character to bring division into his ruling party where once again his inability to firmly set a direction would open the doors for chaos and spoils grabbing as no one knew how Buhari wanted the structure of party leadership to be , this lapse immediately brought about many camps within the party all infighting for the spoils of their latest conquest while the economy was left unattended. The Outcome No unity between the party leadership, the executive and legislative right from the onset a problem that will further sacrifice the health of our already struggling economy further. 4: Poor implementation of TSA It had never been a secret that Nigerian Govt funds housed in many Nigerian banks provided a lot of stability for the financial sector even though it left some loophole for possible corruption but the benefits far outweighed the risks , it was in this light the previous govt agrees that the implementation of the TSA must be staggered in phases so as not to cause financial shock to Nigeria managing Banking industry but Buhari will disregard the advice of expert and go for total implementation over night a costly bad decision that threw the financial sector into sudden confusion as predicted by experts, meaning over night our banks suddenly had less deposits to use to manage the delicate balancing of funds between depositors and lending , ofcourse at such times it's the lending aspect that will suffer as depositors must always have access to their funds as at when they want it because they are in Fact the soul of the banking business . We should note this action was clearly an indirect sabotage to the financial economy similar to a previous Buhari error in the 80s where he changed the Nigerian currency over night in a bid to catch looters cheesy The outcome : the private sector suddenly had less access to loans and as result many economy growing projects where put on hold at great cost to the the Economic kinetics and potential of the Nigerian economy. 5: Going after Tompolo at a time of low oil Prices At a time of low oil Prices most good leaders immediately try to drastically increase output and production in other to cover for projected short fall in revenues but shockingly it is at this time that President Buhari will choose to shake the fragile peace in the Niger Delta in a poorly thought out decision to send the military into the oil rich Niger Delta to hunt for oil warlord General Tompolo over a 13 billion Naira (35 million dollars ) payment made to Tompolo by the previous govt for the purchase of some land for some university , it ended up being a total economic disaster which only ended up worsening the Economic outlook of the country. The Outcome : In attempt to go after 35 million dollars the Nigerian economy ended up losing a projection of about 100 billion dollars and countless lives and the painful part is that Tompolo was never caught neither was the 35 million dollars ever recovered ..Infact it's said the military operation itself cost the govt over 60 million dollars . Talk of a very bad decision . 6: 5 Billion Dollar MTN fine Early in Buhari govt without even a policy direction in place and heavy economic uncertainty the Buhari govt in its bid to raise cheap funds will make a very bad mistake by fining telecoms success story MTN a mind boggling whooping 5 billion dollars for failing to properly register less than 1% of its subscribers a practice common with all 4 mobile Telcos in the country but surprisingly only MTN was singled out for this quite suspect fine which may industry observers have said is nothing short of a grandiose approach to executive extortion but that's as story for another day , the bottom line is that this poorly thought out fine triggered a megathrust of capital flight out of the country by many private sector players including the same same MTN who feared that same fate could befall them under the knee jerk Buhari govt and in less than 4 weeks over 80 billion dollars was spirited out of the Nigerian Govt under the nose of Buhari in one of the greatest mass capital flight ever recorded in a developing economy. The Outcome: The capital flight triggered by the fine would put further strain on the economy once more and slow down any further new investments by such players , MTN will go further and cut it's support for thousands of small Nigerian Businesses and ideas citing lack of funds ( yours faithfully lost a lucrative advertising business my company ran regularly with MTN) MTN will drop many youth ambassadors it sponsored , drop Who wants to be a millionaire and project fame citing lack of funds , the total loss to small businesses that depended on MTN for patronage will run into billions of Naira in reality and tens of billions in projections. It was another economic misfire by the Buhari govt . The Outcome here was hyper capital flight and many calculated exits by investors from the Nigerian economy e g ETISALAT and heavy loss to Nigerian SMEs that got patronage of such players, this will translate into massive job losses and prospect deeper that can even be measured and the very very painful part is that after all the damage the Buhari govt failed to collect the 5 billion fine but instead reduced it to 650 million dollars to be paid over a long time by the Nigerian subscribers. 7 : Increasing Petrol Price and Electricity Tarriff at the same time: It's no secret that Nigerian micro business economy is driven by a finicky balance betwen the petrol engine and unstable electricity as the petrol engine is used to produce back up electricity used to power small businesses from fabricators to small offices to small online businesses to cooling to room to salon at times when NEPA electricity has failed and believe me in Nigeria it's almost all the time .. The Buhari govt will again show it's short sightedness in this area and deliver a devastating blow to micro business owners who are the foundation of 80 percent struggling Nigeria family units by increasing petrol price and Electricity Tarriff by a whopping 50 percent and at the same time which immediately increased the operational running cost of micro businesses about 100% , my brothers and sisters this was the death knell to the economy as it triggered wave of unplanned inflation overnight and reduced demand instead of the other way round where increased demand will trigger inflation, once again the Buhari govt had turned economic theories on its head and thrown the economy in to further doldrum. Many micro business who couldn't cope with this loss of demand as result forced inflation had to die throwing millions more into uncertainty and abject poverty. 8: Poor handling of Herdsmen Farmers Clash When farms and cattles meet there is always bound to be problem and in Nigeria this is no different but under Buhari this took a worse turn as instead of quickly using fairness and equity to resolve such tensions the Buhari govt immediately took sides with herdsmen for reasons best known to it and this immediately emboldened the herdsmen to escalate their attack as the realised there was no repercussion in sight as long as the Buhari govt continued to be one sided , this lack of will by the Buhari govt will end putting devastating blow on the foundational pillar of the Nigeria economy which is actually subsistent farming . The Outcome : The Outcome here was hunger hunger and more hunger as many subsistent farmers fled their traditional farmlands leaving in its wake reduced agro production and inflation as agro supplies dwindled , it also led to an increase in crimes as both herders and farmers took to kidnappings and robberies in other to survive . 9 Poorly thought out Import Tarriff increases The Buhari govt made two tax policies that I think were a really bad mistake and they are A : Increasing tariffs on anti malarial B: Increasing tariffs on Vehicles . Usually govt increased import Tarriff for two reasons either to protect it's own local industries or trying to discourage the use of such . The Buhari govt will shock all by increasing the Tarriff of antimalarials citing reasons that it wanted to encourage their production at home forgetting that Nigeria was a malaria endemic zone with little or no real infrastructure to support production especially under Buhari who had recently demobilized the lending sector with his poor implementation of TSA and increase cost of all production in Nigeria, this policy was another ok advised one as I would have expected the govt to first make the economy conducive to attract investment in those sectors before thinking of increasing Tarriff. The Outcome: The policy only succeeded in increasing the cost of healthcare and cost of vehicle in Nigeria which means a reduction in saving and disposable income for the average family unit , we didn't see the indigenous car plants or anti Malarial factories get built in Fact the policy was so bad that the Customs boss had to recently beg the Buhari govt to reduce it as it's is only encouraging smuggling and infiltration of substandard products . I hope with these 9 points we can all agree that Buhari was 100 percent behind the slump contrary to arguments the slump was caused by other govts and Buhari only inherited it . I am in no way trying to absolve past govts of poor leadership but only trying to show the role Buhari played in expediting the slump. Many thanks for the read and please feel free to share whether you support or not . Writer: SarkinYarki Bello |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by Nobody: 5:54pm On Feb 17, 2019 |
valenu: Aristotle said democracy cannot work in an heterogeneous society. It will only produce despots like Buhari. The railway that was paid for by PDP GEJ administration. It can't serve up to 1% of south westerners in Lagos and Abeokuta. |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by Nobody: 5:56pm On Feb 17, 2019 |
sreamsense:While not list the achievements for us here? |
Re: Yoruba Need To Vote For PMB For Continue Development In Southwest by Kingspin(m): 5:57pm On Feb 17, 2019 |
This is what shift of election have cause |
Osibanjo Threatens To Sue Root TV Media and Google Over Defamation / Supreme Court Upholds Emeka Ihedioha Has The Winner Of Imo Governorship Election / Yoruba Created Amotekun Mainly To Fight Fulani Herdsmen- Alhaji Tsav
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