Buhari Called For Total Sharia In Nigeria In 2001 - Politics - Nairaland
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Buhari Called For Jega's Sack & Accused INEC Of Corruption In March 2013 / Buhari Calls For A Total Sharia In Nigeria (Published 2001) / Buhari Calls For 'TOTAL' Sharia In Nigeria (2) (3) (4)
| Buhari Called For Total Sharia In Nigeria In 2001 by LordVarys: 2:51pm On Nov 22, 2013 |
[size=14pt]Calls for 'total' Sharia in Nigeria[/size] 2001-08-27 21:32 Lagos - A former military ruler of Nigeria, Muhammadu Buhari, has called for the introduction of 'total' Islamic law across the country, reports said on Monday. Buhari, who ruled Nigeria from a coup in December 1983 to his ouster in 1985, told a seminar in Kaduna, northern Nigeria, at the weekend that the strict Islamic law code known as the Sharia should be introduced in full across Nigeria. "I will continue to show openly and inside me the total commitment to the Sharia movement that is sweeping all over Nigeria," Buhari said, quoted in press reports. "God willing, we will not stop the agitation for the total implementation of the Sharia in the country," Buhari said. Northern Nigeria is mainly Muslim but southern Nigeria is mainly Christian and has led criticism of the introduction of Islamic law in a dozen northern states in the past 18 months. Africa's most populous country has been shaken repeatedly in the past by religious unrest. In February 2000 between 2 000 and 3 000 people were killed by Christian-Muslim riots in Kaduna over the introduction of Sharia. Call for Sharia across the country Buhari's comments were interpreted by the southern-based papers as a call for the imposition of Sharia all across the country, even in the mainly Christian south. "Buhari calls for Sharia in all states," was the headline of the respected newspaper The Guardian. Buhari's comments were defended by supporters as simply a call for the full implementation of Sharia in areas where Muslims predominated. But the comments are the second by Buhari that have courted controversy after he called earlier this year for Muslims to vote at the next presidential elections only for someone who would defend their faith. This was criticised by the press as a call for voting along religious lines, as well as an attack on the current president, Olusegun Obasanjo, who is a Christian. Buhari made the latest comments at a seminar organised by the Supreme Council for Sharia in Nigeria, a newly set up body attended by northern state governments and Islamic scholars. "It is a legal responsibility which God has given us, within the context of one Nigeria, to continue to uphold the practice of Sharia wholeheartedly , and to educate non-Muslims that they have nothing to fear," he said. "What remains for Muslims in Nigeria is for them to redouble their efforts, educate Muslims on the need to promote the full implementation of Sharia law," he went on. - AFP - SAPA http://www.news24.com/xArchive/Archive/Calls-for-total-Sharia-in-Nigeria-20010827 Can a leopard change its spots 1 Like |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by nedu2000(m): 3:02pm On Nov 22, 2013 |
If the sharia law is done without sacred cows & partiality,И̣̣̣̥o problem,the one we 'ave now isn't working after all |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 3:33pm On Nov 22, 2013 |
I will continue to show openly and inside me the total commitment to the Sharia movement that is sweeping all over Nigeria," Buhari said, quoted in press reports.HES A GOOD PROPHET 1 Like |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by chimex38: 4:12pm On Nov 22, 2013 |
Ur presidency ambition will b a reality...after my 10th generation... I am still in my -20th generation...be patient 1 Like |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by chimex38: 4:12pm On Nov 22, 2013 |
And u want me to vote dis man as my president? Over GEJ? Over my Alive body 7 Likes |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 4:20pm On Nov 22, 2013 |
They think that we have forgotten! But we wont forget! 3 Likes |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 4:22pm On Nov 22, 2013 |
LOL and this guy is the supposed saviour I should vote for? What a narrow minded, politically naïve fellow! It's a wonder that such a small time provincialist could ever become president of anything, much less an entire country! If this is who APC wants me to vote for, I prefer not to vote at all. Sharia law indeed. 5 Likes |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by tomakint: 4:34pm On Nov 22, 2013 |
...and this is the same Islamic Fundamentalist who has refused to openly condemned the demonic activities of Boko Haram some CLOWNS are yearning for as President come 2015?  I just dey laff  4 Likes |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by samilo88(m): 4:40pm On Nov 22, 2013 |
He is now a progressive hence, his past sins are forgiven. 1 Like |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 5:37pm On Nov 22, 2013 |
lies |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 5:43pm On Nov 22, 2013 |
GenBuhari: lies hahahahahaahahaha! You can say that again bro, but rather than have Buhari rule this country, then Nigeria will split. Then he can rule over the Boko Haram Republic. And lemme inform you dear, we are already sensitising our people that we are not Nigerians. We have nothing in common with Jihardists like Buhari and your good self. Nigeria was one of the greatest mistakes ever to be made by man under the face of the sun. |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Ogonimilitant(m): 6:36pm On Nov 22, 2013 |
Aboki will always talk like aboki. We know APC is an islamic party. Oya come and rule. 2 Likes |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by lincolnj88: 6:49pm On Nov 22, 2013 |
.buhari never condemned boko haram as he did to pdp......... .....buhari said...muslim should vote muslim, christian should vote christian.... Buhari said that there will be blood bath in 2015 if election is rigged. buhari said , I will never forgive ibb Buhari said, abacha is not corrupt somebody should explain y I should vote for buhari..... 1 Like |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 8:11pm On Dec 08, 2013 |
lincolnj88: .buhari never condemned boko haram as he did to pdp......... |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 3:58am On Dec 09, 2013 |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by MeAboki(m): 7:29am On Dec 09, 2013 |
@ OP and those castigating Buhari It is a pity your hatred for this man along with your intolerance for anything resembling Islam has completely blinded you from noticing let alone reading into the meaning behind the following concluding part of the quote, even though the OP had taken the trouble (though unintentional) of highlighting and presenting it to you right there before your eyes - what a shame! PLs be honest, try to analyse and explain to yourselves the intended message in this statement. "It is a legal responsibility which God has given us, within the context of one Nigeria, to continue to uphold the practice of Sharia wholeheartedly , and to educate non-Muslims that they have nothing to fear," he said. Why was he (Buhari) emphasizing on the need to especially educate non-Muslims about their fear? How does that suggest he had any ill-intent against non-Muslims or that he actually believed implementation of sharia would have any negative effect against non-Muslims? Buhari's position should be clear to any right thinking and fair minded person; his call was simply for Muslims to be given their unalienable right to practice their religion in accordance with the Islamic code - which incidentally affects only Muslims but which mischievous intolerant Christians have been against through campaign of calumny and negative distortion/exaggeration (much in the same manner as we can see now against Buhari) in order to deprive Muslims of this constitutional right. It is really a big shame that Christians in this country are exhibiting themselves as dishonest co-travelers in the Nigerian context, they continue to react blindly and wildly against what in actual effect does not truly and should not concern them. For example: How does sharia (as being implemented in the country) or for that matter Islamic Banking, let alone Arabic letters on Nigerian notes affect Christians or stop them from expressing or practicing their religion? It should be obvious to anyone that the above old article, is being deliberately recycled over and over again for no reason other than what it is i.e. a campaign against Buhari to portray him as a religious bigot in order to thwart his political ambition, through the use of the thinly disguised biased Christian dominated media known for promoting the culture of Islamaphobia. SMH. 1 Like |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Itoroetti(m): 8:23am On Dec 09, 2013 |
Me_Aboki: @ OP and those castigating Buhari U lack what to say.in a country that is multi-religious,someone woke up and said we should start practicing sharia,is that person not really insane? Enforcing ur religion practice on others.weldone 1 Like |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 9:21am On Dec 09, 2013 |
Me_Aboki: @ OP and those castigating BuhariI understand the points you've raised and I personally consider Gen Buhari one of the few politicians we have in this country who possess some level of integrity,however one cannot overlook the fact that today's nigeria is bitterly divided along religious lines and no matter whether he was misunderstood, Gen Buhari was wrong to have made that statement at the time he did, religion should be personal and someone seeking to hold the highest office in the land should not be seen as having any bias whatsoever.....Our leaders should be seen as leading all of us equally and not just where they come from, its only natural for non-muslims to be suspicious of him 1 Like |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by 5thNOTE: 3:04pm On Dec 09, 2013 |
Me_Aboki: @ OP and those castigating Buhariu must be mad! U r no longer sane. U think D way u tell lies u will win. How about we writing bible text on D niara notes. Or we write in Jesus christ we trust on D note? |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by 5thNOTE: 3:11pm On Dec 09, 2013 |
[quote authora=Me_Aboki]@ OP and those castigating Buhari It is a pity your hatred for this man along with your intolerance for anything resembling Islam has completely blinded you from noticing let alone reading into the meaning behind the following concluding part of the quote, even though the OP had taken the trouble (though unintentional) of highlighting and presenting it to you right there before your eyes - what a shame! PLs be honest, try to analyse and explain to yourselves the intended message in this statement. "It is a legal responsibility which God has given us, within the context of one Nigeria, to continue to uphold the practice of Sharia wholeheartedly , and to educate non-Muslims that they have nothing to fear," he said. Why was he (Buhari) emphasizing on the need to especially educate non-Muslims about their fear? How does that suggest he had any ill-intent against non-Muslims or that he actually believed implementation of sharia would have any negative effect against non-Muslims? Buhari's position should be clear to any right thinking and fair minded person; his call was simply for Muslims to be given their unalienable right to practice their religion in accordance with the Islamic code - which incidentally affects only Muslims but which mischievous intolerant Christians have been against through campaign of calumny and negative distortion/exaggeration (much in the same manner as we can see now against Buhari) in order to deprive Muslims of this constitutional right. It is really a big shame that Christians in this country are exhibiting themselves as dishonest co-travelers in the Nigerian context, they continue to react blindly and wildly against what in actual effect does not truly and should not concern them. For example: How does sharia (as being implemented in the country) or for that matter Islamic Banking, let alone Arabic letters on Nigerian notes affect Christians or stop them from expressing or practicing their religion? It should be obvious to anyone that the above old article, is being deliberately recycled over and over again for no reason other than what it is i.e. a campaign against Buhari to portray him as a religious bigot in order to thwart his political ambition, through the use of the thinly disguised biased Christian dominated media known for promoting the culture of Islamaphobia. SMH. [/quote] u must be mad! U r no longer sane. U think D way u tell lies u will win, look at D brainwashing, and etertaining lies u just told. How about we writing bible text on D niara notes? Or we write in Jesus christ we trust on D note? No wonder D nomad wants to force on us 5000 niara note, so as inscript on it his obessed ralics of religion? Whn Charles soludo was governor CBN, he never distorted nor sort for his religion but did equity, but u bush ppl keep raising D dust and ppl wont just see D wrong in it. If it is charm it will die in Jesus Name. Amen! |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 3:16pm On Dec 09, 2013 |
I have seen Buhari campaign in the North, that was the day I decided that even with a gun to my head, I'll never support that man. He is a fanatic whose cynicism isn't just about those in politics but to all Nigerians who are not Hausa Muslims |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Lilimax(f): 10:23am On Jan 09, 2014 |
Ada Nri1: I have seen Buhari campaign in the North, that was the day I decided that even with a gun to my head, I'll never support that man.I just hope every other person will reason alongside... |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by solomon111(m): 11:21am On Jan 09, 2014 |
lol. And this mentally-retardedd,religious fanatic is who they want to replace GEJ? A man not fit to govern a multi-ethnic,multi-religious local govt,let alone a whole nation. Chai. GEJ and Nigerians have suffered. |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by DrOBD(m): 12:47pm On Jan 09, 2014 |
Noted with thanks |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 1:08pm On Jan 09, 2014 |
solomon111: lol. My guy Hw far  |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Jakumo(m): 1:20pm On Jan 09, 2014 |
No foroblen. Buhari is BORNO and BOKO to rule. Here are some of Ayatollah Buhari Bin Laden's followers eating grass after the Ayatollah ordered them to do so, in order that he may be elected as the goat-catcher in his village. 1 Like
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| Re: Buhari Called For Total Sharia In Nigeria In 2001 by ratiken(m): 1:49pm On Jan 09, 2014 |
Buhari cannot rule a United Nigerian nation. Even if he ever wins an election, the nation will disintegrate under his watch. I am losing no sleep over Buhari repping APC at the polls. There is a fundamental reason why he is a serial loser. |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by blessinguwe(f): 3:23pm On Jan 09, 2014 |
God forbid buhari and his sharia law, to hell with u |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by jfem: 3:32pm On Jan 09, 2014 |
Kwara dep gov’s ADC slumps, dies Gaya Mark, the Aide de Camp to the deputy Governor of Kwara State, Peter Kisra, is dead. Mark, 40, a police inspector, was suspected to have died of cardiac arrest on Wednesday. CLICK HERE TO READ MORE: http://newmail-ng.com/new/kwara-dep-govs-adc-slumps-dies/ MURIC warns politicians against demonising Islam The Muslim Rights Concern (MURIC) has described the statement credited to the spokesperson of the People’s Democratic Party (PDP), Olisa Metuh in which he said that Nigeria’s main opposition party, All Progressives Congress (APC) is an agenda for the Islamisation of Nigeria, as unguarded, unprofessional, parochial and myopic. CLICK HERE TO READ MORE: http://newmail-ng.com/new/muric-warns-politicians-against-demonising-islam/ PDP using religion as trump card - APC The All Progressives Congress (APC) has expressed worry and disgust over the plan of the Peoples Democratic Party (PDP) to use religion as a trump card in the run-up to the 2015 general elections. CLICK HERE TO READ MORE : http://newmail-ng.com/new/pdp-using-religion-as-trump-card-apc/ NBA, CACOL, demand Oduah's sack over certificate scandal Chairman, Ikeja branch of the Nigerian Bar Association, Onyekachi Ubani, and the Coalition Against Corrupt Leaders, said on Wednesday that Stella Oduah, who is embroiled in a fresh certificate scandal, was no longer fit as the nation’s Minister of Aviation. CLICK HERE TO READ MORE : http://newmail-ng.com/new/nba-cacol-demand-oduahs-sack-over-certificate-scandal/ |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 4:40am On Jan 10, 2014 |
[size=18pt]Buharinomics - General Buhari’s economic program marshaled out to salvage the nation in 1984 [/size] http://www.elombah.com/index.php?option=com_content&view=article&id=5720:is-general-buhari-the-problem-with-nigeria&catid=36:pointblank&Itemid=83 Buharinomics was General Buhari’s economic program marshaled out to salvage the nation in 1984. He summarized the objective of his economic policy (as articulated in the 1984 budget) as follows: "To arrest the decline in the economy, to put the economy on a proper course of recovery and solvency, and to chart a future course for economic stability and prosperity" (West Africa, May 14, 1984). He had previously done similarly, in March while receiving the visiting Sudanese President, Gaafar Nimeiri. Upon his inquiring of what the new military government had in mind for the nation it then ruled, Buhari said to him: "The priority [of his administration] is for economic recovery, providing employment opportunities, improving people's living conditions, consolidating internal security and ensuring foreign respect" (Africa Now, March 1984). In a nutshell, Buharinomics set out to arrest the decline in the economy and refocus it towards recovery. Buharinomics was to wean the nation off consumerism and profligacy, while channeling it towards frugality and productivity. To accomplish this, the government was to cut down on its expenditure, engage in more efficient restricting and controlling of foreign exchange outflow, undertake the revival of the country's productive capacity (concentration was on agriculture), and broaden government's revenue base. www.nairaland.com/attachments/635156_Buhari_jpgd50be5e2308ebe86c9271391021b0a5f The first test of Buharinomics was implemented to revive the comatose banking industry and arrest local currency hoarding. In April 1984, the government ordered a change in the color of the Naira. This action was dubbed the “real coup” by unscrupulous business men and politicians who had almost eliminated the need for commercial banking in Nigeria by keeping their moneys under their mattresses or by trafficking them into neighboring West African countries. This currency change, which forced all holders of the naira notes into exchanging them for the new naira notes at commercial banks, infused billions that had remained unaccounted for into the banking industry and eliminated counterfeited currencies, which had inflicted inflationary and other nefarious effects on the economy. This measure had an immediate revitalizing effect in the banking industry and was an unqualified success. Banks that were close to collapsing became vibrant again, to the extent that some of them began to hire hitherto unemployed Nigerians. www.nairaland.com/attachments/635893_Gen__Buhari_jpg3932850d15a62856c902dd8cc516cff9 To cut down on government expenses, the federal work force was cut by 30% and imports for 1984 pegged at 4 billion pounds (mostly on basic foodstuffs, spare parts, and raw materials for local industries), against 14 billion pounds spent in 1983. To ensure that Nigeria remained respectable on the international business world, Buhari committed to honoring Nigeria’s debt payment schedule irrespective of the limited earning potential of Nigeria. In August 1984, Buhari was on one of his meet-the-people nationwide tours, which he began as soon as the administration got on its feet. Everywhere he went, the people embraced him, coming out en mass and ushering him tumultuous cheers and unreserved applause. In one of his speeches to the people (this one in Owerri), he reiterated Nigeria’s commitment to honoring its debts, the dire economic situation notwithstanding. "The task of this administration is how to persuade Nigerians to understand that for a number of years to come, we would be paying debts, the roads may be long and thorny but we believe that on our shoulders lies the responsibility to save our fatherland from devastation that has resulted from mismanagement" (Newswatch, February 18, 1985). [img]https://www.nairaland.com/attachments/635886_Gen__Buhari_-_Armed_Forces_Day_jpgae96a40b5e2050b6d582cd44f4943800[/img] Buhari could not have been any more correct in his statement above. Assuming Nigeria took no further loans, its breakdown of loan repayments was as follows: 3.9 billion naira ($4.4 billion) in 1985, 3.7 billion naira ($4.19 billion) in 1986, 2.8 billion naira ($3.2 billion) in 1987, until a decrease to 703 million in 1991 (Concord Weekly, May 6, 1985). Nigeria’s precarious financial situation made it impossible for it to finance capital projects and meet up its balance of payment obligations. With oil export pegged at 1.3 million barrels per day by OPEC, borrowing from external sources became necessary. To this effect, Nigeria proposed borrowing 1.795m naira to finance its capital project from the IMF. The patriotism with which General Buhari handled Nigeria’s dealings with the IMF was the highlight and beauty of Buharinomics. [img]https://www.nairaland.com/attachments/635887_General_Muhammadu-Buhari-1984_jpg807fb78f1366f42744d90196f32d264e[/img] In order to qualify for the loan, IMF gave Nigeria certain conditions which must be met. In 1984 when the naira exchanged for $1.34, the IMF demanded a minimum of 60% devaluation of it. Buhari refused, agreeing only to a "crawling peg"—a mechanism whereby government would realign the currency gradually, forestalling or minimizing economic and social dislocations because of such drastic devaluation of its currency. In addition to the devaluation of the naira, IMF demanded that government took other drastic actions: (a) The government must remove its subsidy on petroleum. (b) It must curtail its expenditure. (c) Government must rationalize its tariff structures. (d) It must put a freeze on its wages. (e) It must put a total end of non-statutory transfers to State governments, (f) Government must at least institute a 30% raise on interest rates—government resisted this because the decline in its revenue earnings and its debt obligations made it almost impossible to raise interest rates without triggering inflation (West Africa, May 14, 1984). www.nairaland.com/attachments/908607_Gen_Buhari_jpg680f0e3cee55a5a2432551406739fb8e The Nigerian government and veteran economists in Nigeria (like Aluko, Onosade, Okigbo, etc) could not make sense of being asked to devalue its currency when Nigeria’s imports were in dollar and its export (fixed quantity of oil) was also in dollar. The implication of devaluation was that Nigeria would pay more to import lesser quantity of goods than it did prior to any devaluation. It would also export the same amount of oil it exported before any devaluation and derive lesser revenue than it received before any devaluation The impacts of it debt payment would have harsher effect on the citizenry if the naira was devalued. This did not make any economic sense to Buhari; it struck him as an insult on the intelligence of the African. Finance Minister Onaolapo Soleye and Alhaji Abubakar Alhaji who led the Nigerian delegation to the last negotiation in Washington were chewed out by US Federal Reserve Chairman, Paul Volcker, for presenting the Nigerian governments rejection of most of these recommendations. For rejecting the IMF conditions and the loan, the Buhari administration got into the black book of Washington. Already, it had earned the dislike of 10 Downing Street for cutting down Nigeria’s imports from the UK by about 350%. In any case, without the IMF loan, government was still in a bind as to how to finance capital projects and pay for imports, especially spare parts for local industries, food items, etc. At this juncture, the genius and resourcefulness of Buharinomics illuminated to the delight of the African. www.nairaland.com/attachments/686219_buhari_parade_jpgcf420c430ac5cdb9a5c0fadf1e0fb509 First, the administration sent Oil Minister Tam David West to OPEC to seek a raise in the quantity of oil that Nigeria could export. If OPEC agreed, Nigeria would expect to generate extra revenue in the long run from any increase of its oil quota and this would assist tremendously in augmenting the shortfall in the nation’s purse. Professor West came back empty handed—the US and Britain had put pressure on their puppets in OPEC (like Saudi Arabia) to refuse Nigeria’s request. www.nairaland.com/attachments/710787_buhari_pic_gif0b92a71a0ffa3f1da9713778c0f7a2f0 To counter OPEC’s bluff, the Buhari administration entered into a $2 billion barter trade agreement with four countries. Nigeria daily bartered 200,000 barrels of oil as follows: (a) completely knocked down parts for automobiles from Brazil. (b) Construction equipment from Italy (c) Engineering equipment from France, and (d) Capital goods from Austria. This barter trade took care of the administration’s need to have borrowed money but it intensified the ill will the US and Britain had for Nigeria. By bartering this oil, Nigeria was: (a) solving those needs which the proposed IMF loan was geared toward. Doing so without borrowing or feeling the pains of spending the meager amount generated from its OPEC approved 1.3 billion a day oil export is the stuff an economic wizard is made of. (b) Britain had been cut off as Nigeria’s major supplier of the goods which the countries in the barter agreement sent to Nigeria. (c) The US usurious money lenders were denied the chance to suck Nigeria dry through the IMF loan. (d) American and British oil companies were irate that the oil being bartered would flood the oil market, cutting in on their profits. (d) The oil being bartered was oil that used to be illegally bunkered before Buhari put illegal oil bunkering artist out of business. For once, an African country had put positive economic mechanism in place to salvage its ailing economy without swallowing IMF’s poison pills. www.nairaland.com/attachments/726098_Buhari_jpgd50be5e2308ebe86c9271391021b0a5f As far as America and Britain were concerned, there was a price to be paid by this Buhari, who thought he was smart enough not to accept subservience to their authority. To begin with, a London newspaper (The Financial Times) published Nigeria’s barter trade agreement with Brazil (which, in truth, was done in secrecy because Buhari treated some aspects of his economic policy as State secret). The British thought it was going to incite OPEC against Nigeria since OPEC as a body did not support oil bartering. Oil Minister Tam David West, in a press conference, said, “If a nation believes it is part of its strategy for national survival to do this [barter trade], why not?” To assure OPEC that Nigeria was not indulging in barter trade in order to pull out of OPEC, he added ”Our strategy is to stay in OPEC and make its presence felt, and work together on programs that will be for the economic interest of all” (Concord Weekly, May 6, 1985). There is more to this barter trade than time will permit one to detail in this piece. For now, it is worth noting that it was the major reason for which Britain and America wanted the Buhari administration overthrown. www.nairaland.com/attachments/754009_Gen__Buhari_jpg3932850d15a62856c902dd8cc516cff9 The counter trade showcased Buhari as a visionary. He made America and Britain feel silly and they swore to get him out of office. When Babangida took over, on his maiden speech to the nation he promised to revisit the counter trade agreements. Within two weeks in office, September 17, 1985, he setup a panel to review it and recommend to his administration how to revive the economy without the use of counter trade. Babangida rolled back counter trade at the behest of his imperialist masters and at the detriment of the Nigerian nation and people. [img]https://www.nairaland.com/attachments/754008_Gen__Buhari_-_Armed_Forces_Day_jpgae96a40b5e2050b6d582cd44f4943800[/img] By the time the Buhari administration was overthrown in August of 1985, Buharinomics was beginning to yield dividends. For example, the inflationary rate had fallen from 23.2% in 1983 to 5.5% in 1985. Nigeria did not regret rejecting the IMF loan because it was meeting its obligation of prompt debt payment and the bartered goods were, to some extent, holding up within the austerity measure which had been in place since the Shagari days. Food was becoming reasonably available for two reasons: (a) The emphasis paid to agriculture had resulted in abundant food harvests, especially yam tubers. (b) The border closure made it impossible for unscrupulous business men to continue smuggling food items into neighboring countries where they sold for twice their value in Nigeria. Had Buharinomics continued for at least five years, Nigeria would have joined the Asian tigers in economic growth and self reliance. We know that to be true because Babangida came into office and did everything the IMF asked and the Nigerian economy took a dive into the gutter and has not recovered yet. [img]https://www.nairaland.com/attachments/754010_General_Muhammadu-Buhari-1984_jpg807fb78f1366f42744d90196f32d264e[/img] |
| Re: Buhari Called For Total Sharia In Nigeria In 2001 by Nobody: 4:44am On Jan 10, 2014 |
[size=18pt]Buharinomics - General Buhari’s economic program marshaled out to salvage the nation in 1984 [/size] http://www.elombah.com/index.php?option=com_content&view=article&id=5720:is-general-buhari-the-problem-with-nigeria&catid=36:pointblank&Itemid=83 Buharinomics was General Buhari’s economic program marshaled out to salvage the nation in 1984. He summarized the objective of his economic policy (as articulated in the 1984 budget) as follows: "To arrest the decline in the economy, to put the economy on a proper course of recovery and solvency, and to chart a future course for economic stability and prosperity" (West Africa, May 14, 1984). He had previously done similarly, in March while receiving the visiting Sudanese President, Gaafar Nimeiri. Upon his inquiring of what the new military government had in mind for the nation it then ruled, Buhari said to him: "The priority [of his administration] is for economic recovery, providing employment opportunities, improving people's living conditions, consolidating internal security and ensuring foreign respect" (Africa Now, March 1984). In a nutshell, Buharinomics set out to arrest the decline in the economy and refocus it towards recovery. Buharinomics was to wean the nation off consumerism and profligacy, while channeling it towards frugality and productivity. To accomplish this, the government was to cut down on its expenditure, engage in more efficient restricting and controlling of foreign exchange outflow, undertake the revival of the country's productive capacity (concentration was on agriculture), and broaden government's revenue base. www.nairaland.com/attachments/635156_Buhari_jpgd50be5e2308ebe86c9271391021b0a5f The first test of Buharinomics was implemented to revive the comatose banking industry and arrest local currency hoarding. In April 1984, the government ordered a change in the color of the Naira. This action was dubbed the “real coup” by unscrupulous business men and politicians who had almost eliminated the need for commercial banking in Nigeria by keeping their moneys under their mattresses or by trafficking them into neighboring West African countries. This currency change, which forced all holders of the naira notes into exchanging them for the new naira notes at commercial banks, infused billions that had remained unaccounted for into the banking industry and eliminated counterfeited currencies, which had inflicted inflationary and other nefarious effects on the economy. This measure had an immediate revitalizing effect in the banking industry and was an unqualified success. Banks that were close to collapsing became vibrant again, to the extent that some of them began to hire hitherto unemployed Nigerians. www.nairaland.com/attachments/635893_Gen__Buhari_jpg3932850d15a62856c902dd8cc516cff9 To cut down on government expenses, the federal work force was cut by 30% and imports for 1984 pegged at 4 billion pounds (mostly on basic foodstuffs, spare parts, and raw materials for local industries), against 14 billion pounds spent in 1983. To ensure that Nigeria remained respectable on the international business world, Buhari committed to honoring Nigeria’s debt payment schedule irrespective of the limited earning potential of Nigeria. In August 1984, Buhari was on one of his meet-the-people nationwide tours, which he began as soon as the administration got on its feet. Everywhere he went, the people embraced him, coming out en mass and ushering him tumultuous cheers and unreserved applause. In one of his speeches to the people (this one in Owerri), he reiterated Nigeria’s commitment to honoring its debts, the dire economic situation notwithstanding. "The task of this administration is how to persuade Nigerians to understand that for a number of years to come, we would be paying debts, the roads may be long and thorny but we believe that on our shoulders lies the responsibility to save our fatherland from devastation that has resulted from mismanagement" (Newswatch, February 18, 1985). [img]https://www.nairaland.com/attachments/635886_Gen__Buhari_-_Armed_Forces_Day_jpgae96a40b5e2050b6d582cd44f4943800[/img] Buhari could not have been any more correct in his statement above. Assuming Nigeria took no further loans, its breakdown of loan repayments was as follows: 3.9 billion naira ($4.4 billion) in 1985, 3.7 billion naira ($4.19 billion) in 1986, 2.8 billion naira ($3.2 billion) in 1987, until a decrease to 703 million in 1991 (Concord Weekly, May 6, 1985). Nigeria’s precarious financial situation made it impossible for it to finance capital projects and meet up its balance of payment obligations. With oil export pegged at 1.3 million barrels per day by OPEC, borrowing from external sources became necessary. To this effect, Nigeria proposed borrowing 1.795m naira to finance its capital project from the IMF. The patriotism with which General Buhari handled Nigeria’s dealings with the IMF was the highlight and beauty of Buharinomics. [img]https://www.nairaland.com/attachments/635887_General_Muhammadu-Buhari-1984_jpg807fb78f1366f42744d90196f32d264e[/img] In order to qualify for the loan, IMF gave Nigeria certain conditions which must be met. In 1984 when the naira exchanged for $1.34, the IMF demanded a minimum of 60% devaluation of it. Buhari refused, agreeing only to a "crawling peg"—a mechanism whereby government would realign the currency gradually, forestalling or minimizing economic and social dislocations because of such drastic devaluation of its currency. In addition to the devaluation of the naira, IMF demanded that government took other drastic actions: (a) The government must remove its subsidy on petroleum. (b) It must curtail its expenditure. (c) Government must rationalize its tariff structures. (d) It must put a freeze on its wages. (e) It must put a total end of non-statutory transfers to State governments, (f) Government must at least institute a 30% raise on interest rates—government resisted this because the decline in its revenue earnings and its debt obligations made it almost impossible to raise interest rates without triggering inflation (West Africa, May 14, 1984). www.nairaland.com/attachments/908607_Gen_Buhari_jpg680f0e3cee55a5a2432551406739fb8e The Nigerian government and veteran economists in Nigeria (like Aluko, Onosade, Okigbo, etc) could not make sense of being asked to devalue its currency when Nigeria’s imports were in dollar and its export (fixed quantity of oil) was also in dollar. The implication of devaluation was that Nigeria would pay more to import lesser quantity of goods than it did prior to any devaluation. It would also export the same amount of oil it exported before any devaluation and derive lesser revenue than it received before any devaluation The impacts of it debt payment would have harsher effect on the citizenry if the naira was devalued. This did not make any economic sense to Buhari; it struck him as an insult on the intelligence of the African. Finance Minister Onaolapo Soleye and Alhaji Abubakar Alhaji who led the Nigerian delegation to the last negotiation in Washington were chewed out by US Federal Reserve Chairman, Paul Volcker, for presenting the Nigerian governments rejection of most of these recommendations. For rejecting the IMF conditions and the loan, the Buhari administration got into the black book of Washington. Already, it had earned the dislike of 10 Downing Street for cutting down Nigeria’s imports from the UK by about 350%. In any case, without the IMF loan, government was still in a bind as to how to finance capital projects and pay for imports, especially spare parts for local industries, food items, etc. At this juncture, the genius and resourcefulness of Buharinomics illuminated to the delight of the African. www.nairaland.com/attachments/686219_buhari_parade_jpgcf420c430ac5cdb9a5c0fadf1e0fb509 First, the administration sent Oil Minister Tam David West to OPEC to seek a raise in the quantity of oil that Nigeria could export. If OPEC agreed, Nigeria would expect to generate extra revenue in the long run from any increase of its oil quota and this would assist tremendously in augmenting the shortfall in the nation’s purse. Professor West came back empty handed—the US and Britain had put pressure on their puppets in OPEC (like Saudi Arabia) to refuse Nigeria’s request. www.nairaland.com/attachments/710787_buhari_pic_gif0b92a71a0ffa3f1da9713778c0f7a2f0 To counter OPEC’s bluff, the Buhari administration entered into a $2 billion barter trade agreement with four countries. Nigeria daily bartered 200,000 barrels of oil as follows: (a) completely knocked down parts for automobiles from Brazil. (b) Construction equipment from Italy (c) Engineering equipment from France, and (d) Capital goods from Austria. This barter trade took care of the administration’s need to have borrowed money but it intensified the ill will the US and Britain had for Nigeria. By bartering this oil, Nigeria was: (a) solving those needs which the proposed IMF loan was geared toward. Doing so without borrowing or feeling the pains of spending the meager amount generated from its OPEC approved 1.3 billion a day oil export is the stuff an economic wizard is made of. (b) Britain had been cut off as Nigeria’s major supplier of the goods which the countries in the barter agreement sent to Nigeria. (c) The US usurious money lenders were denied the chance to suck Nigeria dry through the IMF loan. (d) American and British oil companies were irate that the oil being bartered would flood the oil market, cutting in on their profits. (d) The oil being bartered was oil that used to be illegally bunkered before Buhari put illegal oil bunkering artist out of business. For once, an African country had put positive economic mechanism in place to salvage its ailing economy without swallowing IMF’s poison pills. www.nairaland.com/attachments/726098_Buhari_jpgd50be5e2308ebe86c9271391021b0a5f As far as America and Britain were concerned, there was a price to be paid by this Buhari, who thought he was smart enough not to accept subservience to their authority. To begin with, a London newspaper (The Financial Times) published Nigeria’s barter trade agreement with Brazil (which, in truth, was done in secrecy because Buhari treated some aspects of his economic policy as State secret). The British thought it was going to incite OPEC against Nigeria since OPEC as a body did not support oil bartering. Oil Minister Tam David West, in a press conference, said, “If a nation believes it is part of its strategy for national survival to do this [barter trade], why not?” To assure OPEC that Nigeria was not indulging in barter trade in order to pull out of OPEC, he added ”Our strategy is to stay in OPEC and make its presence felt, and work together on programs that will be for the economic interest of all” (Concord Weekly, May 6, 1985). There is more to this barter trade than time will permit one to detail in this piece. For now, it is worth noting that it was the major reason for which Britain and America wanted the Buhari administration overthrown. www.nairaland.com/attachments/754009_Gen__Buhari_jpg3932850d15a62856c902dd8cc516cff9 The counter trade showcased Buhari as a visionary. He made America and Britain feel silly and they swore to get him out of office. When Babangida took over, on his maiden speech to the nation he promised to revisit the counter trade agreements. Within two weeks in office, September 17, 1985, he setup a panel to review it and recommend to his administration how to revive the economy without the use of counter trade. Babangida rolled back counter trade at the behest of his imperialist masters and at the detriment of the Nigerian nation and people. [img]https://www.nairaland.com/attachments/754008_Gen__Buhari_-_Armed_Forces_Day_jpgae96a40b5e2050b6d582cd44f4943800[/img] By the time the Buhari administration was overthrown in August of 1985, Buharinomics was beginning to yield dividends. For example, the inflationary rate had fallen from 23.2% in 1983 to 5.5% in 1985. Nigeria did not regret rejecting the IMF loan because it was meeting its obligation of prompt debt payment and the bartered goods were, to some extent, holding up within the austerity measure which had been in place since the Shagari days. Food was becoming reasonably available for two reasons: (a) The emphasis paid to agriculture had resulted in abundant food harvests, especially yam tubers. (b) The border closure made it impossible for unscrupulous business men to continue smuggling food items into neighboring countries where they sold for twice their value in Nigeria. Had Buharinomics continued for at least five years, Nigeria would have joined the Asian tigers in economic growth and self reliance. We know that to be true because Babangida came into office and did everything the IMF asked and the Nigerian economy took a dive into the gutter and has not recovered yet. [img]https://www.nairaland.com/attachments/754010_General_Muhammadu-Buhari-1984_jpg807fb78f1366f42744d90196f32d264e[/img] https://www.youtube.com/watch?v=h0HQQaZtBT0 |
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