Fellow Nigerians, Buhari’s handlers keep on claiming the economy is collapsing under GEJ, and Buhari is the right man to rescue it.
Fortunately for Nigeria and unfortunately for them, the economy isn’t collapsing. However, under Buhari’s 20 month administration, the economy did collapse.

Here is an article from the Guardian of March 15th, 1985, a full 15 Months into Buhari’s disastrous regime.


Titled ‘Employers complain of worst business situation’ it states inter alia:

“Nigerian private employers said yesterday that their companies were experiencing the worst business situation in 50 years, as the Employment Minister… tried to assure them that the economy was picking up.

The President of the Nigerian Employers Consultative Assembly (NECA), Dr. Michael Omolayole, said practically all companies experienced a marked deterioration in their economic performance and that at the same time unemployment rose to levels not witnessed for a long time since the 1930s.

He said the situation had forced some companies to open “the books”, and speak “frankly to their employees about their company’s position and to listen to suggestions and constructive comments which have come from the lowest category of their employees.”

Employers Compain about Buhari 1985
Compatriots, as can be seen from this article (and many others like it), Buhari was a man who mismanaged Nigeria’s economy like a drunken sailor manages his savings while on shore leave: out of existence.

In 15 months, Buhari managed to bring unemployment to levels not seen since the 1930s, expecting him to create jobs now is like asking him to present his WAEC certificate, or debate GEJ, it just can’t happen.

Truth is, while it’s not perfect, our economy is definitely healthy, growing and vibrant thanks to the capable stewardship of Goodluck Jonathan, handing it over to Buhari, is like asking a hungry dog to take care of your new born chickens because the hen is brown.

I realize your vote belongs to you, and you can use it how you please, but for Nigeria’s sake, base your decision on historical facts about Buhari’s extremely poor ability and track record at managing the economy, and not lies that Buhari’s campaign spends its time selling to you.

Thank you for reading, God bless you and God bless Nigeria!

http://ad76.com/2015/02/04/by-1985-employers-complained-that-buhari-had-destroyed-the-economy-heres-what-they-said/

Here's the Newspaper cut out: http://ad76.com/wp-content/uploads/2015/02/EmployersM.png

The Guardian of March 15th, 1985

Excerpt from the article;

"Nigerian private employers said yesterday that their companies were experiencing the worst business situation in 50 years"

Yet they say this GMB is the general with the magic wand. This will be our greatest undoing as a nation to vote this man into power even the few things GEJ have done will go up in smokes buhari was the one who stopped food subsidy in public universities. He has never been to a school hence does not know what students pass through.

Sunnybobo3:
Here's the Newspaper cut out

The Guardian of March 15th, 1985

Chai, nna men you try well well oh for dig up this hidden inside page with better tori on the pretending pensioner who has NOTHING to offer:

- on security
- on economy
- on infrastructure
- on education

Abeg na wetin be im benefit sef

You can't give what you don't have.

Does Buhari think all of us in the south are Almajiris that can differentiate between left and right?

Goodnews, Buhari is already stabilising the price of crude oil, a barrel of Brent now sells for $57. Pun intended

Oga Seun & super mods, na this kind background check tori of the man begging to APPLY for our top job suppose dey for FP now, haba!

Na this one be the issues nor be all dem effizy playing football, table tennis and ptoshopped belle

Op please READ this article. And see why Buhari took some patriotic Actions. Especially the emboldened... This will answer your question. GMB is a man of impeccable record! This article is from a reputable online library... I didn't edit anything.

The Buhari Regime

On December 31, 1983, the army struck again. This time the brazen corruption, the economic mismanagement, and the inept leadership of civilians provided the grounds for military intervention. Indeed, conditions had deteriorated so much in the Second Republic that when the coup came, it was widely acclaimed. Major General Muhammadu Buhari, a Hausa/Fulani northerner from Katsina State and a former member of the SMC in the Muhammad/Obasanjo governments, became the head of state. Because of the great powers that his second in command, Major General Tunde Idiagbon, chief of staff at Supreme Headquarters, was believed to wield, many commentators refer to this government as the Buhari/Idiagbon regime. In broad outline, the structure of government remained essentially the same as it was under Muhammad and Obasanjo. At the apex was the SMC, and the subordinate bodies were the Federal Executive Council and the National Council of States.

The urgent task before the government was to salvage the country's economy, which had suffered from the mismanagement of the Second Republic and from the rapid drop in the price of crude oil. Nigeria had become heavily indebted to several foreign monetary agencies, and the price of crude oil had begun to slide. Buhari believed that urgent economic problems required equally urgent solutions. He also thought that it was not a pressing issue to prepare to hand power over to civilians; in fact, all of Nigeria's military regimes have ruled without the benefit of democratic checks and balances.

The Buhari government investigated and detained the top political leaders of the Second Republic, holding them responsible for economic excesses of the previous regime. Constraints were placed on various groups, including the Nigerian Medical Association, which was outlawed, and the National Association of Nigerian Students, and it promulgated two decrees that restricted freedom of the press and suppressed criticism of the government. Decree Number 4 forbade any journalist from reporting information considered embarrassing to any government official. Two journalists, Tunde Thompson and Nduka Irabor, were convicted under the decree. Decree Number 2 gave the chief of staff at Supreme Headquarters the power to detain for up to six months without trial anyone considered a security risk. Special military tribunals increasingly replaced law courts while the state security agency, the National Security Organisation, was given greater powers.

Buhari's controls also extended to his efforts to deal with the problems of "indiscipline" in the areas of environmental sanitation, public decorum, corruption, smuggling, and disloyalty to national symbols such as the flag and the anthem. He declared a War Against Indiscipline and specified acceptable forms of public behavior, such as a requirement to form lines at bus stops. The main concern, however, remained the economy. The government introduced a comprehensive package of austerity measures. It closed the country's land borders for a period to identify and expel illegal alien workers and placed severe restrictions on imports and heavy penalties on smuggling and foreign exchange offenses. The austerity measures made it difficult for local industries to procure essential imported raw materials, leading many of them to close or to operate at greatly reduced capacity. Many workers were laid off, and government itself retrenched many workers to increase its "cost effectiveness." All of these actions were accompanied by high inflation. The price of basic food items rose, and life became increasingly difficult, even for the affluent.

Despite the increased efficiency with which Buhari and his associates tackled the multifaceted national crisis, the regime's inflexibility caused discontent. The latter was the main justification given for the overthrow of Buhari by General Babangida in a palace coup on August 27, 1985, although the personal ambition of Babangida was an important contributing factor

Why were some sections of the article censored? If the goal is to give us more knowledge of Gen Buhari, why not let us read the whole thing?

This Barcanista is not intelligent.
Excerpts from his post.

Dear Nairalanders, is this what you want?

The Buhari government investigated and detained the top political leaders of the Second Republic, holding them responsible for economic excesses of the previous regime. Constraints were placed on various groups, including the Nigerian Medical Association, which was outlawed, and the National Association of Nigerian Students, and it promulgated two decrees that restricted freedom of the press and suppressed criticism of the government. Decree Number 4 forbade any journalist from reporting information considered embarrassing to any government official. Two journalists, Tunde Thompson and Nduka Irabor, were convicted under the decree. Decree Number 2 gave the chief of staff at Supreme Headquarters the power to detain for up to six months without trial anyone considered a security risk. Special military tribunals increasingly replaced law courts while the state security agency, the National Security Organisation, was given greater powers.

As for me and my house, we have decided

No going back to Egypt.

Seun:
Why were some sections of the article censored? If the goal is to give us more knowledge of Gen Buhari, why not let us read the whole thing?

God bless you Mr. Seun. I have responded to him by posting a reputable article from an e-library written in 1991.


http://lcweb2.loc.gov/cgi-bin/query/r?frd/cstdy:@field(DOCID+ng0116)

Wow! I bet those conditions would pale in comparison to what GEJ and madam NOI have done to our commonwealth today. In this case one need not dig 30 years or more into history.

We talking LIVE economic destruction on a catastrophic scale -- N30trillion naira worth!
On top of that, GEJ and madam have further imposed AUSTERITY measures on the already pauperized populace who are the direct victims of their modern-day economic heist, certainly the WORST in Nigeria's history, if we are to believe Soludo.

Better luck next time trying to sell us a dummy bro. Nigerians aren't fools.

Following

barcanista:
Op please READ this article. And see why Buhari took some patriotic Actions. Especially the emboldened... This will answer your question. GMB is a man of impeccable record!

Imagine the climax of buhari's economic genius according to your post:

The austerity measures made it difficult for local industries to procure essential imported raw materials, leading many of them to close or to operate at greatly reduced capacity. Many workers were laid off, and government itself retrenched many workers to increase its "cost effectiveness." All of these actions were accompanied by high inflation. The price of basic food items rose, and life became increasingly difficult, even for the affluent.

God forbid you and buhari

Trailblazer1:
Following

Imagine the climax of buhari's economic genius according to your post:
[\quote] The austerity measures made it difficult for local industries to procure essential imported raw materials, leading many of them to close or to operate at greatly reduced capacity. Many workers were laid off, and government itself retrenched many workers to increase its "cost effectiveness." All of these actions were accompanied by high inflation. The price of basic food items rose, and life became increasingly difficult, even for the affluent.

God forbid you and buhari

The high inflation was inherited from Shagari's administration. The writer was saying that Buhari had to deal with it. At the end, our inflation decreased from 23% in 1983 to 5% in 1985. This is economic prudence!

Seun:
Why were some sections of the article censored? If the goal is to give us more knowledge of Gen Buhari, why not let us read the whole thing?

How can anyone argue with that?

barcanista:
The high inflation was inherited from Shagari's administration. The writer was saying that Buhari had to deal with it. At the end, our inflation decreased from 23% in 1983 to 5% in 1985. This is economic prudence!

You're right, let's blame shagari.
This news was published after 2years of overthrowing Shagari, yet you still deemed it fit to blame the poor shagari for Buhari's economic woes. Isn't 2years enough for a change?

The austerity measures made it difficult for local industries to procure essential imported raw materials, leading many of them to close or to operate at greatly reduced capacity. Many workers were laid off, and government itself retrenched many workers to increase its "cost effectiveness." All of these actions were accompanied by high inflation. The price of basic food items rose, and life became increasingly difficult, even for the affluent.

Things became difficult even for the affluent, how did the poor survive?

30trillion naira is missing since Jonathan became president and all someone could tell me now is why there were job cuts in 1985.
How is what happened in 1985 my business?

Trailblazer1:

You're right, let's blame shagari.
This news was published after 2years of overthrowing Shagari, yet you still deemed it fit to blame the poor shagari for Buhari's economic woes. Isn't 2years enough for a change?



Things became difficult even for the affluent, how did the poor survive?

You seem not to know the meaning of "Austerity". Well in layman's language, Austerity means adopting some mean economic measures to save an economy from total collapse. That mean measures usually come with temporal "hardship"which last between 6months-1year before the economy begins to bounce back when pursued holistically. Read the article again...Or maybe you should read about the austerity of Cyprus!

i jst dey watch u ppl

Trailblazer1:

You're right, let's blame shagari.
This news was published after 2years of overthrowing Shagari, yet you still deemed it fit to blame the poor shagari for Buhari's economic woes. Isn't 2years enough for a change?



Things became difficult even for the affluent, how did the poor survive?

You are a 419-er bent on bamboozling us, but you have failed! Why don't you respond to Seun's question regarding the blacked-out portions of the said article so that we can have full facts to make an informed judgment?

And if you are harping on records, by TODAY'S records, GEJ has apparently been touting a fake and fraudulent 'transformation' and frittered/mismanaged N30 trillion naira, an accusation his finance minister is yet to come out and defend, and here you are trying to scam us? Try harder bro.

berem:
30trillion naira is missing since Jonathan became president and all someone could tell me now is why there were job cuts in 1985.
How is what happened in 1985 my business?

if you no fit show proof of the missing 30tn, den comot 4 road make GEJ fresh air touch me 4 body

barcanista:
You seem not to know the meaning of "Austerity". Well in layman's language, Austerity means adopting some mean economic measures to save an economy from total collapse. That mean measures usually come with temporal "hardship"which last between 6months-1year before the economy begins to bounce back when pursued holistically. Read the article again...Or maybe you should read about the austerity of Cyprus!

if na buhari you come here to defend, you miss road be dat.

Na so we go dey expose GMB each day till he go die

berem:
30trillion naira is missing since Jonathan became president and all someone could tell me now is why there were job cuts in 1985.
How is what happened in 1985 my business?

What is our cumulative budgets for the five years since 2010.
Not even up to half the amount you LIE, LIE people are throwing about in your desperation to avoid the one chance journey wey una daft & dumb old pensioner don enter. Now I see why El Rufai said the old soldier is perpetually unelectable



www.nairaland.com/attachments/2091190_buhonechance_jpeg5f4353273e20f33c538c08b85531bf0d

Vicotex:
if na buhari you come here to defend, you miss road be dat.

Na so we go dey expose GMB each day till he go die

You only end up vindicating the General.

anonimi:


What is our cumulative budgets for the five years since 2010.
Not even up to half the amount you LIE, LIE people are throwing about in your desperation to avoid the one chance journey wey una daft & dumb old pensioner don enter. Now I see why El Rufai said the old soldier is perpetually unelectable

Why can't the finance minister come out and defend herself in the face of Soludo's grave allegations regarding this administration's mismanagement of N30trillion naira? Or you be NOI P.A??

Vicotex:
if you no fit show proof of the missing 30tn, den comot 4 road make GEJ fresh air touch me 4 body

You are asking for proof, yet you have the effrontery to present a doctored newspaper article with blacked-out portions as proof of your own position. Abeg, respect yourself.

barcanista:
You only end up vindicating the General.

maybe in your dreams

barcanista:
You seem not to know the meaning of "Austerity". Well in layman's language, Austerity means adopting some mean economic measures to save an economy from total collapse. That mean measures usually come with temporal "hardship"which last between 6months-1year before the economy begins to bounce back when pursued holistically. Read the article again...Or maybe you should read about the austerity of Cyprus!

Check the news paper publication again.
It was published in 1985 while Buhari assumed power in 1983.
Going by your skewed definition and time frame of austerity(6months-1year) buhari still failed by your yardstick. He ended up plunging Nigeria into the dark ages of poverty and hardship.
A situation where things where difficult for the affluent, just imagine the condition of the poor.

WisdomFlakes:


You are asking for proof, yet you have the effrontery to present a doctored newspaper article with blacked-out portions as proof of your own position. Abeg, respect yourself.

you still cant provide an evidence