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Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline (43198 Views)

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Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Angelfrost(m): 6:57pm On Sep 06, 2020
NwaNimo1:
Slavery reloading.....

[img]https://media./images/52c1f997ad113fed1e9b0af0653403d9/tenor.gif[/img]

This nation is already enslaved! Nigerians are enslaved into hardship and penury by fellow privileged Nigerians elected into corridors of power!!!

4 Likes

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by tete7000(m): 6:57pm On Sep 06, 2020
Buhari has nothing upstairs and is not even capable of working with intellectuals who can help him. He is is sorrounded by morons who lie to him, and zombies who praise his emptiness to high heaven.

7 Likes 1 Share

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Angelfrost(m): 6:58pm On Sep 06, 2020
Igbochief001:
Igbos should just be ready to pay China and world bank our share so they can free Biafra ...the rest can settle their own

This is not just dumb, but funny... Let me laugh!!! grin grin grin grin grin grin grin grin grin grin grin
Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by horsepower102: 6:59pm On Sep 06, 2020
NwaNimo1:


What share exactly - Igbo's owe Nigeria nothing!

Exactly, we owe Nigeria nothing. All the loans they have been taking has been going to other regions.

2 Likes

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Drone95(m): 6:59pm On Sep 06, 2020
[E dey magu handquote author=JenniferAkpamu post=93642754]What happened to all the returned Abacha loot? [/quote]
Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Nobody: 7:01pm On Sep 06, 2020
Tough time is really ahead for Nigerians. .I feel for my country men, at this stage it's advisable for most youth to start searching for alternative source of income...

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Invest in yourself...Making money online is real...Affiliates marketing can make you a millionaire over night....

Connect people with solutions they sick, and they would make you rich for life...

PS. I am a full time Affiliates Marketers on Clickbank and a couple of CPA Networks...

1 Like

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Angelfrost(m): 7:02pm On Sep 06, 2020
GamalNasser:
As expected they want to blame IMF for Buhari's incompetence ...This has been huge lie that all previous evil govts have used as alibi for their bad governance ... No creditor will wish his debtor death , if your debtor dies how do you recover your money ..The narrative that IMF directed the Buhari govt to punish , impoverish and destroy the economy because of loan guidelines is a lie because the IMF knows it can only recover it loan when our Economy grows and not when it contracts ..

All Buhari does is targeted at Destroying the Economy deliberately..

The IMF couldn't have told him to increase Electricity tarriffs and Fuel cost in the same week in a country suffering from chronic Electricity deficiency which depends on small petrol generators to make up for the Electricity deficit .

The IMF couldn't have been the one that advised Buhari to allow Islamic Terrorist run smock unchallenged ball over Nigeria attacking our agricultural and logistics structures .

Buhari govt is 100 percent responsible for it's failure and any attempt by this article to try make it like some white man in IMF and World Bank is the one making Buhari punish Nigerian is a huge lie!!!!!


Sycophants will never have sense!!! Ignore them to keep fooling themselves!

3 Likes

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by vineyardfarms: 7:02pm On Sep 06, 2020
90% revenue FED IS using to service mountain debtS obligations to intermational lenders within 5 years IN OFFICE and nothing to show for the borrowing madness. It is only an insane GOVT Out of despiration will enter into an unsustainable agreement WITH CUT THROAT LENDERS - Tough times are already here, Naija get ready to match to the next level of toughness. APC APC NEXT LEVEL

2 Likes 1 Share

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Drone95(m): 7:04pm On Sep 06, 2020
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Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by obailala(m): 7:04pm On Sep 06, 2020
Yankee101:
When Buhari is borrowing up and down, we are back to the military days when structural adjustment programme SAP and other world bank restructuring programmes were adopted

We should all recognize that Ngozi Okonjo Iweala under Obasanjo and Atiku helped turned Nigeria around by obtaining debt forgiveness.

Buhari is officially the worst president ever
Buhari may be worst in many areas, but are you aware that despite oil selling averagely above $100 in his tenure and the govt receiving almost 3-4 times more revenue than any other administration, GEJ's government in 5 years borrowed just about the same amount of money which Buhari has borrowed in 5 years?... I'd be damned if you know this cos 99% of Nigerians dont. We live and analyse data purely on sensational and political headlines.

If Nigeria couldn't survive without borrowing when oil was $100, then why exactly is anyone surprised that we have to borrow now that oil sells for $30-40? Oh I forgot, it's because Buhari is a dullard.

Oil price is down, country's revenue is down, Nigerians dont want to be taxed, Nigerians dont want fuel subsidy to be removed, Nigerians dont want electricity subsidy to be removed, Nigerians dont want educational subsidies to be removed, Nigerians dont want roads to be tolled, and we dont also want govt to borrow despite the low oil prices/revenue? Are we sure we arent a confused nation? Maybe it's truly Buhari's fault, he should miraculously mint money.

8 Likes 2 Shares

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by anonimi: 7:04pm On Sep 06, 2020
Wiseandtrue:
President Mohammed Buhari, twice a failure!!!

He's only there to serve himself!!!

IMF, China over to you!!!

How did people ignore all the negative history, to give him another chance?
Are we really the 200 million mumus that Lagbaja called us?


www.nairaland.com/attachments/2091052_2084712obama4jpeg0846bececdee51cd258847b713b916e6_jpegd27f893bccf38657d36ce7d37daaa943


www.nairaland.com/attachments/2095210_worst_jpeg588f192a23aa02a7b350a8bbe5d18306


www.nairaland.com/attachments/12208399_buharitinubuapctreasurylooters2_jpeg3be9a9d8369d12cbf97cade0aa8c060a

4 Likes

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Dayvidblue: 7:04pm On Sep 06, 2020
Islie:
• More pains ahead for Nigerians



TRIBUNE

I support the removal of fuel and electricity subsidy 100%. This has been the avenue
employed by the "agents of the devil" in
government at different times to milk us dry.
Imagine the country getting loans only to pump it into subsidies that have minimal effect on the common man.

This is one of the few good this administration can offer and it will even get better if legislations can be made to prevent us from walking the lane of subsidising this commodities in future.
Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Angelfrost(m): 7:05pm On Sep 06, 2020
dhantey324:


It's those who don't have that will be worse off.. And they are in the majority.. Imagine we got rid of subsidy in 2012 and channeled the excess to development... Missed opportunity. sad

Your current president, Tinubu, Soyinka, etc, were among those who championed that missed opportunity!!!.. That's why I will never take them seriously till they publicly and unreservedly apologize for such stupidity and selfishness!!!

6 Likes 1 Share

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by horsepower102: 7:05pm On Sep 06, 2020
GamalNasser:
As expected they want to blame IMF for Buhari's incompetence ...This has been huge lie that all previous evil govts have used as alibi for their bad governance ... No creditor will wish his debtor death , if your debtor dies how do you recover your money ..The narrative that IMF directed the Buhari govt to punish , impoverish and destroy the economy because of loan guidelines is a lie because the IMF knows it can only recover it loan when our Economy grows and not when it contracts ..

All Buhari does is targeted at Destroying the Economy deliberately..

The IMF couldn't have told him to increase Electricity tarriffs and Fuel cost in the same week in a country suffering from chronic Electricity deficiency which depends on small petrol generators to make up for the Electricity deficit .

The IMF couldn't have been the one that advised Buhari to allow Islamic Terrorist run smock unchallenged ball over Nigeria attacking our agricultural and logistics structures .

Buhari govt is 100 percent responsible for it's failure and any attempt by this article to try make it like some white man in IMF and World Bank is the one making Buhari punish Nigerian is a huge lie!!!!!


God bless you. They think they are playing with the sense of 5 year olds. The wise men from the East predicted the disasters from this administration but blind hate made people vote him in twice.

1 Like

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by JAMO84: 7:08pm On Sep 06, 2020
Sunnyja:
The same man that promised to stabilize oil prices in 2014?! You go dey alright Las Las.
Oil prices are determined in London and New York, not Abuja.

2 Likes 1 Share

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by horsepower102: 7:08pm On Sep 06, 2020
OBUKSBAYELSA:
We warned that Buhari lacks the intellectual capacity, political and diplomatic finese to lead our country, we were called all manner of names now, see where he has led us to.

Dont worry let them suffer the consequences. This administration will chew and spit out its supporters. Hunger will deal mercilessly with those clowns.

2 Likes

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by anonimi: 7:09pm On Sep 06, 2020
obailala:
Buhari may be worst in many areas, but are you aware GEJ's government in 5 years borrowed just about the same amount of money which Buhari has borrowed in 5 years?... I'd be damned if you know this cos 99% of Nigerians live on sensational and political headlines.

Let us assume that you are telling the truth about the borrowing, what was achieved in education, industrialisation, employment, infrastructure etc with the loans over the same period by both?

3 Likes

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Nchenches: 7:09pm On Sep 06, 2020
@Ngeneukwenu,

@MANABORGIRLS;
@Omenka


et other Sai Babas,

Come see the hell you helped to land 200 million people in Niheriiiyaaa.

4 Likes 1 Share

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Xscape1993(m): 7:09pm On Sep 06, 2020
Does the Nigerian president understands all the negative effects on the economy? Does he also understands the meaning of Naira Devaluation? Where have we gone wrong in this country? Will Almighty God ever forgive us our evils and wickedness? Is the president still alive?

2 Likes

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by anonimi: 7:10pm On Sep 06, 2020
JAMO84:
Oil prices are determined in London and New York, not Abuja.

Was he ignorant of that when he promised to fix oil prices

4 Likes 1 Share

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by GAZZUZZ(m): 7:10pm On Sep 06, 2020
kikero:


Most if not all African economies fall victim to the IMF because their sources of income have problems.....

First, most African countries rely on selling raw materials and commodities to the global market

Second we use the income from the sales to import goods and services, including some that we can produce on our own at a value that is higher than our income

Third , we don't control the price of the raw materials we sell. Prices of crude oil are determined in London and New York

Fourth, we spend billions on subsides and other socialist welfarist projects which end up costing more than we estimated because of our growing population and low tax base


Fifth, we tolerate corruption, both at the low and also by the big men and women. And most of the money stolen comes from loans taken

All these puts us into deficit and into the hands of the IMF and the world Bank.

Nigeria is a classic example.

We could be free.from the IMF, but because it involves fighting corruption seriously.and cutting subsides seriously, and becoming an industrial economy which means an initial period of hardship, we refuse to take those routes.

Easily summarised
Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Raydos: 7:12pm On Sep 06, 2020
NwaNimo1:
Slavery reloading.....

[img]https://media./images/52c1f997ad113fed1e9b0af0653403d9/tenor.gif[/img]

Is this current Government not slavery already??

1 Like

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by odinga1of: 7:13pm On Sep 06, 2020
kikero:


Most if not all African economies fall victim to the IMF because their sources of income have problems.....

First, most African countries rely on selling raw materials and commodities to the global market

Second we use the income from the sales to import goods and services, including some that we can produce on our own at a value that is higher than our income

Third , we don't control the price of the raw materials we sell. Prices of crude oil are determined in London and New York

Fourth, we spend billions on subsides and other socialist welfarist projects which end up costing more than we estimated because of our growing population and low tax base


Fifth, we tolerate corruption, both at the low and also by the big men and women. And most of the money stolen comes from loans taken

All these puts us into deficit and into the hands of the IMF and the world Bank.

Nigeria is a classic example.

We could be free.from the IMF, but because it involves fighting corruption seriously.and cutting subsides seriously, and becoming an industrial economy which means an initial period of hardship, we refuse to take those routes.

Why is prices of crude oil determine in London and NY?
Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Nchenches: 7:15pm On Sep 06, 2020
Wiseandtrue:
President Mohammed Buhari, twice a failure!!!

He's only there to serve himself!!!

IMF, China over to you!!!


People of SW region knew that Buhari failed the first time woefully.

But in 2014, ethnoreligious bigotry blinded many people of the SW.

Rest is history.


Rotation and Zoning of the presidency in 2023 are on the cards. SW is like let SW throw away rotation and zoning in 2023. They call it Sophistication in politics. Lol.

1 Like

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Angelfrost(m): 7:15pm On Sep 06, 2020
JAMO84:
Cry baby of the year, do you have any other source of income than oil?

Please, explain why they didn't remove the criminal subsidy since 2015... How is it that IMF is the one teaching them basic economic management??! What steps have been taken to cut down cost of governance??! What are the economic diversification steps or blueprint put in place since 2015??!...

I have more questions, but let's get your sound and informed answers on these simple ones... Thank you.

3 Likes 1 Share

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by moodyguy: 7:18pm On Sep 06, 2020
somebody should please come and overthrow this evil govt
Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Exmilitant(m): 7:18pm On Sep 06, 2020
Who still remembers when our economy nearly crashed under a certain jojo? It took the intervention of a certain bubu to save the day.
Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Gbadebo19(m): 7:19pm On Sep 06, 2020
Toor, APC Zombies, Who Do You You Wanna Blame Now Jonathan Is No Longer There Oooo.
Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Nchenches: 7:20pm On Sep 06, 2020
moodyguy:
somebody should please come and overthrow the evil govt


Fulani Armed Forces of Nigeria can’t overthrow Fulani president of Nigeria, even if the president is a dummy.

1 Like

Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by CodeTemplar: 7:24pm On Sep 06, 2020
Daft rulers have focused on oil money that is volatile. We produce next to nothing.
Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by JAMO84: 7:28pm On Sep 06, 2020
Angelfrost:


Please, explain why they didn't remove the criminal subsidy since 2015... How is that IMF is the one teaching them basic economic management??! What steps have been taken to cut down cost of governance??! What are the economic diversification steps or blueprint put in place since 2015??!...

I have more questions, but let's get your sound and informed answers on these simple ones... Thank you.
He probably plan to continue borrowing to keep his base happy because most of them are poor. Now that they won't lend him money again until he does the needful, he has no choice but to do what he should have done a long time ago.

Whether it's late or not, the bottom line is, subsidies are not sustainable, we must kill it immediately. How can we be spending 1 trillion on subsidies but 150 billion on education?
Re: Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline by Blackmann001: 7:28pm On Sep 06, 2020
kikero:


Most if not all African economies fall victim to the IMF because their sources of income have problems.....

First, most African countries rely on selling raw materials and commodities to the global market

Second we use the income from the sales to import goods and services, including some that we can produce on our own at a value that is higher than our income

Third , we don't control the price of the raw materials we sell. Prices of crude oil are determined in London and New York

Fourth, we spend billions on subsides and other socialist welfarist projects which end up costing more than we estimated because of our growing population and low tax base


Fifth, we tolerate corruption, both at the low and also by the big men and women. And most of the money stolen comes from loans taken

All these puts us into deficit and into the hands of the IMF and the world Bank.

Nigeria is a classic example.

We could be free.from the IMF, but because it involves fighting corruption seriously.and cutting subsides seriously, and becoming an industrial economy which means an initial period of hardship, we refuse to take those routes.

Bro I can see your stereo typed into believing that every policy is cuz of IMF and world bank

Check very well,naija owes them very little compared to China...naija has started implementation of the needful economic policies in order to avoid china's wrath..

China loans deadlines are coming closer, hence govt is hasty to live up to her repayment plans..

Its China that is making us strengthen revenue drive and not IMF

1 Like

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