sincerenigerian:
How I wish Nigerians can read this piece from top to bottom. This piece should be an eye opener for all of us.

Good piece from Prof. Soludo.

J12:
Whats the point of massively building up reserves when the country is dying of poverty and starvation? Is this not the same question the governors asked Jonathan when they wanted him to share all the cash in the excess crude account. The governors are now complaining that there's no money.

domack99:
If only PDP stop pushing all the irrelevant allegation on APC and focus on main issue that is bothering the country, APC has been busy defending several false allegations labeled on them by the opposition party.

This is a nice write up, in fact a great one, but I wish Soludo is not sitting on the fence at least so far we know those that try to campaign on issue base and has a manifesto similar to what he outline

kakakent:


Prof inuru mmiri ara nne gi oh dis is what dis anti-jonathans need always accusing dat cool dudde over every dick tom nd harry for gods sake oil prices is determined by d interactions of demand nd supply in the oil mkt can buhari maintain nigeria as the 3rd fastest growing economy in d world? Or is it jst to call his boys to stop bombing ?

The economy roared to average yearly growth of 7% between 2003 and 2007 (although average monthly oil price under his regime was $38), and poverty dropped from estimated 70% in1999 to 54% in 2004. Obasanjo was his own coordinating minister of the economy and chairman of the economic management team— which he chaired for 90 minutes every week. I met with him daily. In other words, he did not outsource economic management.

omenka:
I read every single word. This is a cutting edge masterpiece! I haven't the slightest of doubt Abati and co would do all they can to ensure Jonathan doesn't lay his hand on the paper. It might make him question all the things he's been told from day one because as it stands, the man seems completely detached from reality, dancing in the rain while his house is on fire.

One thing I know for sure is that Buhari will reduce to the barest minimum the cost of governance. He will do away with all those aircraft Jonathan secured for the presidency for God-only-knows which cost billions annually to maintain. He will free up more funds for capital commitments by ridding the executive of the retinue of needless aides, assistants, and advisers and senior special advisers.

There are just too many means of cutting costs and freeing up more funds to finance capital projects but believe me, it might backfire should Buhari mention some of those things on his campaign. So for now, I'm in support of him limiting his manifesto to what he's been telling us, the stakes are just too damn high to make any daredevil pronouncements at the moment.

poseidon12:


Sounds good, but if he does not say what he would do if he gets in, how else do we know.
And I don't think it will hurt his chances if he explains how he intends to realise a campaign promise.

why was the railway not working during your tenure?

despite the huge sums injected into the power sector yet phcn failed.

Why wasnt any of our university among the best 200 then? rather Obj built personal libraries and universities to his name.

All federal Government projects in the east was stopped or frustrated.

what of the monopolistic approach of Obj when only Dangote was allowed to import anything and frustrated other peoples businesses that were opposed to him.since the agricultural sector was better during obj's tenure why dint it add to our foreign reserves and massive corruption in that sector was still rife. what about the haliburton and other numerous scandals. Soludo did not tell us that increasing workers salary then affected our recurrent expenditure now.

The thing is anybody can come and reel out figures as if it were paradise during thier own era. This is a nice presentation but not without some personal bias I still think both parties can learn a lot from this if they objectively look at the salient points raised.

egift:
Good and comprehensive piece.

Once Buhari is elected, his major task will be to put together a competent "Team Nigeria" to rescue this nation from the ugly mess we have sank into. I wish men like Soludo will be part of it.

Sai Buhari. Help on the way.

jpphilips:


This is the question only a f00l who missed his chance of any formal education should ask Our Governors), it must have generated from the Penguin brains running the current federal Govt.
Your case is more pathetic that will you echo and re echo their senselessness, you only have unemployment and under employment to contend with, while they have the opportunity of taking economic refuge elsewhere.
When I look at the Level of poverty on the streets presently, I only wish nematodes like you and your dumb governors were never born.

saintiago1980:
Goodluck is the only president who can bring Nigeria to the promise. Land he has a lot to do for Nigeria. Let us join hand together in this up coming election. To vote him in for future generation.

J12:


You are a colossal slowpoke. Your brain is filled with nothing but soap. Get the hell outta here if have nothing to talk about

J12:


You are a colossal slowpoke. Your brain is filled with nothing but soap. Get the hell outta here if have nothing to talk about

owobokiri:


Your GMBs economic hallucinations are dead on arrival if you place much emphasis on the erudite summations above. Same with that of GEJ. . Honestly to make head or tail out of this masterpieace of an article, you will have to exorcise yourself of your partisan demons. . . Unfortunately, even in Aso rock, there wont be any shortage of petty minds ever willing to whimsically dismiss Soludos summations based cheifly on similar absurd accusations made in your very unfortunate post above. ,

jpphilips:


Allowing import monopoly in some key areas relieves the Forex pressure on the govt, guess you have never thought of it that way, lol,

donkafor:
Kudos that Prof is a changed man now. I can remember vividly during the Anambra Gubernatorial Election under the platform of PDP, you were busy promising us African Dubai Taiwan without telling us how.

Maybe because of your long sabbatical leave from partisan politics.

Practice what you teach!

XKZ:


This is not really true. The size of the market remains the same no matter how many firms are importing the product and companies will not import goods when there is no demand for the product.
Monopolies offer advantages such as economies of scale leading to reduced prices, large profits leading to investment in R& D, price discrimination in favour of the economically disadvantaged...
But we all know Nigerians were not enjoying this benefits, rather the benefiting monopolies used the privilege to extort Nigerians and then pay kickbacks from their abnormal profits to their government benefactors.

Chigold101:
Soluda has once again proven that he is a weak man. A man i so much loved but his unforgiven spirit is second to none.

Soludo is writing like this against GEJ because GEJ is the reason why he lost Anambra election in 2010(I worked as member of his campaign team).

In 2013 he joined APGA and was talked about how to continue with Obi‘s good work as governor of Anambra state but Obi who already had Obiano in mind used style to push Soludo aside...

He joined Atiku‘s camp in 2011 thinking that GEJ will lose at the PDP primaries, but their camp was disgraced. Now he has come here to cause confusion in the polity because all he wants is to see GEJ disgraced, but it will not work for him in Jesus name.

This is how his unforgiven spirit made him to make sure that Dora Akunyiri (his wife‘s aunty. Dora is the younger sister to the wife‘s mother) never win Anambra central senatoral sit. He took it upon himself to make sure that Ngige is decleard the winner even when there was a little confusion in few constituencie. All because Dora through GEJ & Abuja PDP helped Peter Obi defeat him in 2010.

As an insider who knows the fight going on between Soludo, GEJ & Obi am not suprised at all with the this piece. It has some elements of truth but it is coated with many sweet lies.

He took sabatical after Peter Obi messed him up in 2013 prior to Anambra state guber election. Which sabatical? He went in to leak his wounds...

He thinks he has seen where to nail GEJ.

jpphilips:


Does import restriction through Govt monopoly reduce pressure on FOREX, Yes or No?

XKZ:


Is a private firm/importer a government monopoly, Yes or No?
When a private firm has a monopoly on the importation of a particular good, it does not place any restriction on the volume/value of imports it brings in as long as it believes there is adequate demand since it's main aim is to make profit.

mpowa:


Na wa oh! Nigerians are funny sha! how we bring sentiments to everything behooves me. what has unforgiveness got to do with economic analysis? No matter how much he hates Jonathan, he won't have had enough failures to reel out like he did, these are not figures from the air, they're available statistics and facts, what has unforgiveness got to do with it?

LRNZH:





Some of these technocrats are already in APC and some will join in the near future when GMB takes over government.

This list includes but not restricted to: Oby Ezekwesili, Raji Fashola, Prof. Yemi Osinbajo, Rotimi Amaechi, Nasiru El-Rufai, Prof. Onyebuchi Chukwu (if he decamps to APC), Hon. Aminu Tambuwal, Barr. Festus Keyamo, Prof. Barth Nnaji, George Akume, Audu Ogbe, Rabiu Kwankwaso, Bukola Saraki, Adamu Muazu (APC will lure him after PDP's loss), Emir Sanusi Lamido Sanusi (will at least provide consultancy on economic olicies), potentially- Donald Duke & Emeka Anyaoku.

Boss13:


Sure GEJ remains the only viable option to get us out of the economic mess because he got us into it in the first place. However, both presidential candidates are yet to present to us what their economic plans are. If Jonathan can show us his plans, surely he would win our support. No one is blaming him for insurgency but we blame him for not curtailing it. Foreign reserves is depleted. Now our debt profile is at a dangerous level. The problem here is that we are indebted to private investors whose aim is to increase their returns so we are not going to get a debt relief. Which means we are going to pay every kobo/penny to the last and who do you think will suffer for this - me and you.

Jonathan has employed the wrong set of team. If he wins he must assemble a great team that can execute within the shortest period. Also, if I were Buhari, I will re-strategize with my team on how to revamp the economy and not make empty promises.

We surely need help. May God save Nigeria

BlackTechnology:



A Yoruba proverb say


Look at what the person who promised you clothes puts on


A man can't give what he doesn't have


Buhari is not the answer.