Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,143,165 members, 7,780,181 topics. Date: Thursday, 28 March 2024 at 10:33 AM

Buhari Masterminded His Own Convoy Bombing-dokubo-asari - Politics (7) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Buhari Masterminded His Own Convoy Bombing-dokubo-asari (17723 Views)

Saraki Admits His DSS Detail Masterminded Robbery Of N310M - Sahara Reporters / Katsina Stoning: Niger Delta “ll Retaliate, Says Dokubo Asari / Why I Believe Buhari Plotted And Executed The Bomb Attack On His Own Convoy (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)

Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Emmafrancis: 9:47am On Jul 27, 2014
dexterinc2003: Just in case most people dont know how a bomb works....
1.The the force of the explosion nd fire can kill u
2.The shrapnels that fly around will most likely kill u
3.If its a chemical bomb,then u know wot happens

Mr Asari,u mean Buhari alone controlled and directed all the shrapnels to fly away from him?
2 many action films no gud o....*Now imagining Buhari walking away in slow motion as the Bomb explodes in the background* grin

P.S:Asari pls kindly mastermind ur own death with a bomb and lets see if u'lllive 2 tell d tale
stop trying to be dramatic . A man in a bulletproof car has very little to worry about a locally improvised bomb . Asari is saying , buhari until that day was not known to use bulletproof car. Did he specifically used it cos he was expecting it? APC is despirate and despirate measures are to be expected from them.
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Nobody: 9:48am On Jul 27, 2014
GenBuhari: [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]



[size=18pt]for the corrupt, the fear of Buhari is the beginning of wisdom[/size]
God bless you bro. Only those who dwell on tribal tent and also fail to keep themselves abreast of the history of nigeria will castigate Buhari. Buhari is a patriot First among equals.

2 Likes

Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by dont8(m): 9:49am On Jul 27, 2014
My life is precious to me, I don't do things stupidly because I have think about the agony I'll put my family through, you on the other part is the opposite. Pray tell, what would make a man to attempt a bomb on himself because he's seeking for public sympathy when the said device is not a fireworks for crying out loud!

Sorry to say, you're a liability to your family and your case should be a source of concern to them already.
NoContract:

Why is Nairaland filled with crack heads who can't think for a second to save their lives?

I, personally (even before Asari's assumption) never believed the farce.

Picture this, if you were in Buhari's shoes, with the opprobrium that you sponsor Boko Haram. What would have been a better way to rid yourself of brouhaha and direct the nations sympathy to yourself? You stage a bombing attempt by the sect the people claim you sponsor!

Why are Nigerians so slow-thinking?

Question everything nigga. They don't teach that in schools!

1 Like

Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by caesaraba(m): 9:49am On Jul 27, 2014
ijigaparadox:

Did the sheik that was attacked same day also masterminded his own? Did the three kidnapped emirs in the north (of which one was killed) mastermind their own kidnap? Where several attacks on prominent northern emirs masterminded? Hmmm think again

You are trying to reason with these people? Try talking to a wall. It will be easier explaining to them that the Chibok girls masterminded their own kidnap.

2 Likes

Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by oluwasegun007(m): 9:55am On Jul 27, 2014
Nonsense

2 Likes

Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by NoContract(m): 9:56am On Jul 27, 2014
dont8: My life is precious to me, I don't do things stupidly because I have think about the agony I'll put my family through, you on the other part is the opposite. Pray tell, what would make a man to attempt a bomb on himself because he's seeking for public sympathy when the said device is not a fireworks for crying out loud!

Sorry to say, you're a liability to your family and your case should be a source of concern to them already.

I suppose you still live with your parents and can't still think or reason for yourself.

I guess this is how you feel it is to be a Nigerian.

Alright. Now Buhari has been bombed. Let's see who's next.

You will be surprised to know the next victims would provably be civil officials.

If Buhari could have been targeted, what's stopping Boko Haram from targeting another civil official?

And this time, no one's gonna blame Buhari.

I hope you fit reason am.

Peace
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by dont8(m): 10:16am On Jul 27, 2014
Living with my parents is irrelevelant in this discourse, bottomline is, we should always seek for peace and not make statements that is tantamount to making wars, especially when the said statement is baseless in the first place.

Peace to you.
NoContract:

I suppose you still live with your parents and can't still think or reason for yourself.

I guess this is how you feel it is to be a Nigerian.

Alright. Now Buhari has been bombed. Let's see who's next.

You will be surprised to know the next victims would provably be civil officials.

If Buhari could have been targeted, what's stopping Boko Haram from targeting another civil official?

And this time, no one's gonna blame Buhari.

I hope you fit reason am.

Peace

2 Likes

Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by seabed(m): 10:17am On Jul 27, 2014
I respect Buhari's agenda and i really wish we have someone like him that the APC might use in 2015 elections. God bless Nigeria.

1 Like

Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Sylvarresta(m): 10:20am On Jul 27, 2014
Godwit1: THE QUESTION IS WHO MADE THE ATTEMPT? TO HIM IT'S BUHARY WHO MADE AN ATTEMPT ON HIMSELF, SO THERE IS NO CONTRADICTION IN HIS STATEMENT. TRY READING AGAIN. THANKS
I did nt say otherwise, what am emphasising on is that Asari Dokubo is not better than those Bokoharam. He is also among the problem of this country.
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Nobody: 10:25am On Jul 27, 2014
Emmafrancis:
yes arrest him so that your people will have an excuss to kill thousands of innocent nigerians. abi? GEJ is not liverless, he is just too smart to fall for ur tricks, and he is far more educated and rational than those that will go as far as staging their attempted murder.

A million Likes!!!
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by oluwafemi113(m): 10:25am On Jul 27, 2014
Nairalandi: but the same Asiri said THEY plan to kill buhari in order to cause riot so that military will take over power.. grin
he's a confused Man

1 Like

Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by kowalsky: 10:32am On Jul 27, 2014
GenBuhari: [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]



[size=18pt]for the corrupt, the fear of Buhari is the beginning of wisdom[/size]

seriously, am beginning to like dis guy..
for one tin, hes one of the only nigerian politician dat i knw has a low tolerance for corruption, and for me d genesis of alllllll nigerian problems is corruption.

2 Likes

Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by awoononi(m): 10:56am On Jul 27, 2014
oppinionated: undecided undecided


Ah mean. Nigger gets more and more ridiculous everyday. Is his life that pathetic that he chooses to remain relevant by stirring up trouble? undecided undecided
I often wonder
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Moredew(m): 11:01am On Jul 27, 2014
NoContract:

This is Nairaland, not your father's compound Obi
was i refering to u pls i dnt like dummies quoting me. Or ar u suffering from quotism?

2 Likes

Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by henryobinna(m): 11:39am On Jul 27, 2014
Ozin: my money
eehen na, my money abi na lie.





no vex, I modified it
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by DECOtech(m): 11:55am On Jul 27, 2014
Blaqsmith: Just like Dokubo knows ma mind...
abi?! ...I thought so as well.
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by EasternLeopard: 11:57am On Jul 27, 2014
Asari might have a point especially when we care to answer this question

WAS BUHARI USING BULLET PROOF CARS BEFORE.

If no, can we conclude that we will start witnessing the assasination by bombs of Northerners loyal to GEJ.


Politicians can do desperate things.
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by skimarvel: 12:23pm On Jul 27, 2014
dont8: Crackheads everywhere, didn't you see that was a bullet proof SUV? Go and act the season 2, smh.
The moment u will learn to stop believing all diz political propaganda,The better for you and your coming generation..are you so daft to differentiate between bullet and bomb. So he was in a bomb proof car abi.You are a certified Yamhead
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Safari29: 1:13pm On Jul 27, 2014
akanbiaa: The car he was in was bomber proof and bullet proof why do you expect him to be hurt or die? There is a lot of hypocrisy here because people do not have fear of God. If
Buhari had died hypocrites will say it is his boys that did it, the chicken have came home to roost.
If he survive they will say he planned it.
If he wins election they will say he rigged it because of large northern population
If he loose they will say because he is a religious fanatic(military era is when he would have displayed fanatic tendencies if he was one)
PDP guy from north said they will make Country ungovernable for Goodluck if he does not honor the PDP zoning formula yet paid E warriors have all accredited the statement to Buhari.

For once let's be factual and truthful, if you are paid to lie or tarnish image and your conscience worries you it's not too late to return the money and beg for forgiveness before it's too late when it's your creator you shall account to.

thank you very much.

people will see black and say that thing na read when they hate someone especially people from south south and south east. its annoying.

how can try to fake his death with BOMB just to gain sympathy?
Buhari is already popular and has support of the people why would he do that? in the history of Nigeria I don't think any stateman has ever done that


Asari is a GOAT.
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Safari29: 1:22pm On Jul 27, 2014
EasternLeopard: Asari might have a point especially when we care to answer this question

WAS BUHARI USING BULLET PROOF CARS BEFORE.

If no, can we conclude that we will start witnessing the assasination by bombs of Northerners loyal to GEJ.


Politicians can do desperate things.
this is like asking
was Buhari wearing suite before?
was Buhari wearing shoe before?
was Buhari this and that before?

it doesn't make sense
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Nobody: 1:57pm On Jul 27, 2014
creserve: .
Warped thinking like your master,Asari.Guess you were in the creeks together terrorizing the whole country and this has a profound effect on your reasoning faculty!

You are the reason the whites still call blacks "monkeys". Can't u make ur points without abusive remarks? Atleast try. If u are not ashamed to ansa a monkey, i am.
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by fairheven: 2:33pm On Jul 27, 2014
Wt amazes me the most,this millitant keeps making inflametary remarks,gets away with them,while Jona is buzzy chasing an innocent soul like Oby ezekwezili aroud.
If the same tin happens to JONAthan,HOPE he will posit that JONA stagemanaged his own assassination?
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by fairheven: 2:50pm On Jul 27, 2014
kowalsky:

seriously, am beginning to like dis guy..
for one tin, hes one of the only nigerian politician dat i knw has a low tolerance for corruption, and for me d genesis of alllllll nigerian problems is corruption.
Just saying it the way it is.god bless!
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by najoke: 3:10pm On Jul 27, 2014
autumnflower: What i fail to umderstand is why is this guys given an significance especially by the nairaland team?
This is a terrorist, you might want to decieve yourself and say he fought to people but the fact still remains he terrorised nigeria. Making him and shekau same.
just imagine shekau is granted amnesty and 5 years from now he makes stupid statements which are soely personal opinion and it hits FP of nairaland every single time?
^
You have said it all…….if u dig further u will see that those commending Asari are the pro GEJ.
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by fairheven: 3:10pm On Jul 27, 2014
EasternLeopard: Asari might have a point especially when we care to answer this question

WAS BUHARI USING BULLET PROOF CARS BEFORE.

If no, can we conclude that we will start witnessing the assasination by bombs of Northerners loyal to GEJ.


Politicians can do desperate things.
#mayopic! Was it bullet that was fired,or bomb that was detonated ?was the car bomb-proof as well?
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Mogidi: 3:16pm On Jul 27, 2014
What a clueless bomber, I hope when Buhari bombs himself again he succeeds, please advice him not to miss again.


Asari Carry Go.
Nothing do you.
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Nobody: 3:44pm On Jul 27, 2014
I suspect that this Asari has a vagina because I have never seen a man talk so much undecided
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by autumnflower(f): 7:19pm On Jul 27, 2014
emmymdk:

Define the Term "Terrorist"? After you are done defining it, then find out if Asari did what Terrorist do... Mumu

terrorism [ ter - uh -riz- uh m ]
noun
1. the use of violence and threats to intimidate or coerce, especially for political purposes.
2. the state of fear and submission produced by terrorism or terrorization .
3. a terroristic method of governing or of resisting a government.

whos the mumu now?
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Naijacitizen(m): 7:51pm On Jul 27, 2014
Disguised KD Bomb suspect (pictured) has confessed Asari paid them N5m 2 kill GMB. Asari is free today!
https://mobile.twitter.com/mustafaramalan/status/493117911410966529/photo/1
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by emmymdk: 9:00am On Jul 28, 2014
autumnflower:

terrorism [ ter - uh -riz- uh m ]
noun
1. the use of violence and threats to intimidate or coerce, especially for political purposes.
2. the state of fear and submission produced by terrorism or terrorization .
3. a terroristic method of governing or of resisting a government.

whos the mumu now?

And you called what Niger Delta fought for Terrorism? If you say so, then I pray that whatever that is yours will forcefully be taken away from you and you will never smell any benefit of that,even when u cry out radically or peacefully... Say Amen. Then I will declare Asari a Terrorist,if you won't then stop hiding behind ur phone to type nonsense u know nothing about. Which human being on his right senses will compare Asari and Shakaru women indeed think like a foul (cockish brain)...
Re: Buhari Masterminded His Own Convoy Bombing-dokubo-asari by Imoy(m): 8:18pm On Jul 28, 2014
banki:

Asari did not fight for his peiple he fought for himself.....
Asaru became a billonaire built a private university in benin republic and became an international business man

The ijaw nation is still full of bad roads poor hosipital services and abject poverty

Its so bad that azazi and yakowa died because they had to usehelicopters to go for a funeral there were no roads.....oronto douglas fathera funeral

Oronto douglas was also afreedom fighter and a special assistant to president jonathan

But still Asari did not go about bombing mosques or church or even market place.
The two can't be compared pls.

(1) (2) (3) (4) (5) (6) (7) (8) (Reply)

Rice Distribution: Don’t Undermine Humanitarian Efforts, Tinubu Warns Politician / Ortom Asks Buhari To Resign, Hand Over Power To Osinbajo / Tinubu Promises To Recharge Lake Chad If Elected President

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 106
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.