George Santayana says: “Those who cannot remember
the past are condemned to repeat it.” If Nigerians
were not so forgetful, we would not now be saddled
with the burdensome presidency of Muhammadu
Buhari.


In his first coming as military head-of-state in 1984,
Buhari took Nigeria’s economy from bad to worse.
Under him, our national debt rose from $14 billion to
$18 billion in less than two years; with the result that
Nigeria was no longer able to meet its financial
obligations to global bankers. We had to queue for
essential commodities, such as bread and milk, which
were hard to find. Raw materials and spare parts
needed to keep factories running were scarce. Rather
than create jobs, tens of thousands of workers lost
their jobs. Inflation rose to the astronomical level of
40%.
When Buhari seized power, Nigeria’s GDP was $444.
When he was overthrown in 1985, Nigeria’s GDP had
dropped dramatically to $344. When Buhari seized
power, one dollar exchanged for 0.724 naira. But by
the time he was overthrown, one dollar exchanged for
0.894 naira; a 23% devaluation in barely two years. It
was not surprising, therefore, that there was wild
jubilation throughout the length and breadth of
Nigeria when Buhari was overthrown.


Litany of failure
History is now repeating itself in Nigeria. Since
electing Buhari as president one year ago, Nigeria’s
GDP has plummeted, with the economy suffering a
negative growth in the first quarter of 2016; the
worst in 25 years. Prices have skyrocketed. Investors
have packed their bags and left Nigeria. Job losses
and lay-offs have increased geometrically. Petrol
stations have surreptitiously doubled their prices.
Nigeria is now on the cusp of a recession.
Buhari was handed over $30 billion in foreign
reserves by the Jonathan administration. He inherited
over $2.5 billion in the Sovereign Wealth Fund; $1.4
billion in the ECA; and $4.65 billion in back taxes
from NLNG. But virtually all of this has been
squandered in one year of gross incompetence.
The president took the illegal and ill-advised step of
providing N713 billion as bailout for insolvent state
governments, without the approval of the national
assembly, only to discover that those monies were
squandered and not even used as intended to pay
salary arrears. He squandered billions of dollars
defending doggedly an unrealistic official value of the
naira, only to finally admit defeat after the damage
had been done.
Billions of dollars were mopped up by corrupt
officials and shrewd middlemen who obtained dollars
at the official N200 to $1 rate, only to sell this for
huge profit at the N380 to $1 black market rate.


Babatunde Fashola boasted while in opposition that: “A
serious government will fix the power problem in six
months.” Now in office as Minister of Power for over
six months, power blackouts have been unprecedented
under his watch condemning the Buhari administration
by his own words as a most unserious government.
Change for worse
Goodluck Jonathan warned Nigerians about the
bankruptcy of Buhari and the APC. His words have
now become prophetic. He said in the heat of the 2015
election campaign: “The choice before Nigerians in the
coming election is simple. It is a choice between going
forward and backward, between the new ways and old
ways, between freedom and repression, between a
record of visible achievements and beneficial reforms
and desperate power seekers with empty promises.”
After 365 days of a disastrous Buhari presidency,
only diehard Buharimanics can deny that Jonathan’s
warning has not come true. Propaganda has an
expiration date, and it must now be abundantly clear
that the expiration date for the hot air of Buhari’s
government has long passed. Many of those like Dele
Sobowale, Oby Ezekwesili and Wole Soyinka, who sang
the praises of Buhari during the 2015 election, are
already having a buyer’s remorse. Most Nigerians
now realise they have been sold a fake bill of goods
by Buhari and the APC.



Buhari’s maladroit approach to Nigeria’s diversity has
created new fissures. Fulani herdsmen continue to kill
innocent farmers while Buhari sees no evil and hears
no evil. We are now saddled with a burgeoning
secessionist movement that gets more incendiary by
the day as the government continues to violate
Nigerians’ right to self-assembly by shooting down
pro-Biafra activists.


Even more devastating is the fact that Buhari’s body
language of Northern domination has energized an
irredentist movement in the Niger Delta dedicated to
blowing up Nigeria’s economic jugular of oil pipelines
and installations. As a result, Shell has had to shut
down its Forcados terminal. Chevron’s Escravos
operation has been breached. ENI and Exxon Mobil
have declared “force majeure.” The outcome is that
Nigeria’s oil production is now down from 2.2 million
barrels a day to 1.4 million.
Under the circumstances, how can the government
possibly celebrate its one-year anniversary except by
attempting to pull the wool over the eyes of
Nigerians? What precisely can Buhari claim credit
for in his one year of woeful, do-nothing presidency?
Sound and fury signaling nothing
In his speech to Nigerians on his anniversary, the
President claimed: “We identified forty-three thousand
ghost workers through the Integrated Payroll and
Personnel Information system.” This is a case of
taking credit where credit is not due because of
failure to achieve. The Integrated Payroll and
Personnel Information system is a legacy of the PDP
administration. It was introduced by Ngozi Okonjo-
Iwealla in 2007. Therefore, it is disingenuous for
Buhari to try to get credit for it.


Buhari also said: “The first steps along the path of
self-sufficiency in rice, wheat and sugar, big users of
our scarce foreign exchange, have been taken.” But
Mr. President, the first steps were not taken by your
government. If we are well on the way to self-
sufficiency in food production, it is because of steps
taken by the Jonathan administration, under the
transformative leadership of the Akinwunmi Adesina
as Minister of Agriculture.
It was under Jonathan that dry-season rice farming
was introduced, enabling Nigeria to reach 60% self-
sufficiency in rice production. It was under Jonathan
in 2014, and not under your administration in 2015/16,
that Olam Rice Farm, the biggest rice-processing mill
in Africa, with 105,000 metric tons capacity, was
commissioned in Rukubi, Nasarawa State.
The president said furthermore: “We are projecting
non-oil revenues to surpass proceeds from oil.” Again,
this would not be as a result of any government-
induced improvement in the non-oil sector of the
economy but would simply be as a result of the decline
in oil prices.
Buhari acolytes fanned out in the media, giving him
credit for the TSA, even though it was the brainchild
of the Jonathan administration. They credit him with
the TSA, not realising its imprudent timing has
provoked the widespread sacking of bank employees.
They claim bombastically that as much as N2.2 trillion
has been saved through the TSA. At the same time,
Lai Mohammed and Rotimi Amaechi are sent to
convince Nigerians the country is broke.


Buharimaniacs even claim the president’s outrageous
30 junkets abroad within the year of Nigeria’s
economic adversity has ensured Nigeria is no longer a
pariah nation. However, Nigeria was not a pariah
nation before Buhari came: Nigeria has become a
pariah nation since the coming of Buhari. Before
Buhari, Nigeria was the number one destination-
country for foreign investments in Africa. Since
Buhari’s arrival, foreign investor have left in droves.
Goodbye to change
To demonstrate to Nigerians that his anti-corruption
policy is achieving great success, Buhari promised to
publish the names of those who had returned looted
money to the government. This would confirm once
and for all that the government’s anti-corruption
program is an effective tool for re-harnessing the
nation’s lost resources.


But having won plaudits for this pledge, the
government no longer had any need for it. It soon
became another casualty of its APC (All Promises
Cancelled) tendency. No sooner had the promise been
made than the announcement came that the
government would no longer be releasing the names.
But should a president make promises without first
thinking it through? Would this tendency not
convince the international community that the
government of Nigeria cannot be trusted?
The government’s last-minute excuse that it changed
its mind because it does not want to embarrass those
returning the monies is not credible. This
administration routinely leaks to the press the names
of those under investigation by EFCC. That means it
names publicly those accused of corruption even when
they have not been convicted of corruption. Now it
wants us to believe it is reticent about naming those
who took government money and agreed to return
them.


The government’s disdain for promises made continued.
On 30 May, 2016, while hosting State House
correspondents in Aso Rock, the president told
Nigerians the change mantra on which he fought and
won the 2015 election has been thrown out of the
window. He said: “We recently just found out that we
are poor because we don’t have anything to fall back
to. This is the condition we found ourselves and this
change mantra had to go through hell up till
yesterday.”
Having suddenly discovered, after one year in office,
that rich Nigeria is actually poor, the president then
sent Lai Mohammed to tell Nigerians the government
has recovered a whopping $9 billion of loot from PDP
politicians. Just how poor does that make the
government?
Contradictions galore
It is more than abundantly clear that the Buhari
administration simply cannot be truthful. How can
the government be poor, and at the same time have $9
billion recovered from looters? How can the
government have $9 billion recovered, yet it went cap-
in-hand to the Chinese seeking a loan of $2 billion?
If $9 billion has been recovered, then Nigeria is not
broke. If $9 billion has been recovered, the
government should now be able to fulfil its failed
campaign promises.


This is what the president said one year earlier: “The
monies we realise from anti-corruption campaign will
be adequately used to improve education in the
country.” “The money saved will finance jobs, health-
care and the provision of social safety net for the
needy, weak and vulnerable of our land.” In which
case, many of our problems should soon be over if in
fact the government’s anti-corruption campaign has
been as effective as we are now meant to believe.
But if you believe the government has actually
recovered $9 billion from treasury looters, then you
have learnt nothing about this government in the past
year. The truth of the matter is that whatever this
government says must be taken with a very large grain
of salt. Adams Oshiomhole had told Nigerians a U.S.
government official revealed to him that one single
Nigerian stole a massive $6 billion under the Jonathan
administration. So how come the government has only
managed to recover $9 billion from the entire country
after one year of highfalutin media hype?
The government’s approach of revealing unverifiable
figures of recovered loot without the names of those
from whom they were recovered reeks of corruption
for lack of transparency. If, as I have maintained
elsewhere, Lai Mohammed is Nigeria’s version of
Iraq’s Comical Ali, then the recovered $9 billion must
be synonymous to Iraq’s weapons of mass destruction
which could nowhere be found.
There is no way of knowing if the figures released by
the government are true or fiction, because the names
of those allegedly returning the money are not
mentioned alongside how much they returned.
If they are named and shamed, the looters themselves can
verify if the amount declared is more or less than
what they returned. Covering up the names simply
provides avenues for whatever loot is recovered to be
re-looted by government accomplices.
http://www.femiaribisala.com/the-worst-government-in-the-history-of-nigeria-2/

Buhari sef!

Even the aboki's are complaining bitterly about his buhaconomic policies.

This is what PDP should be doing; demystifying the lies of APC. PDP please wake up from stupor and do your nature given job. Well meaning Nigerians are waiting for you. We are tired of APC propaganda.

Reading all this just made me weak; so i'll just ask one question: Nigeria, where are we headed

EFGH:
Even the aboki's are complaining bitterly about his buhaconomic policies.

Don't Mind them, they were all carried away by the 5k a month promise. Now, Militants in the oil regions has put paid to their Stupid dreams and its reality time for them.

It very funny and annoying that in this 21st century with all the scholars, prominent Nigerians both within and abroad, professors , great men and woman from this country could allow this type to world class APC scam to happen . The world wept for Nigerians !

Oliviaxx:
Reading all this just made me weak; so i'll just ask one question: Nigeria, where are we headed

Obviously in the Wrong Direction, where the government cannot tell Simple Truths, Provide at least 1 hour of Electricity out of 24 hours as well other Basic Amenities, Nigeria is in Trouble.

EFGH:
Even the aboki's are complaining bitterly about his buhaconomic policies.

[size=14pt]Why are they complaining?
Sai Baba . . [/size]

When I say that the monumental corruption and theft being perpetrated in this administration will be worse than ever, some zombies will come and preach of the ' infallible' Baba daftus stinking integrity.

As far as I'm concerned, there is some truth to theft n misappropriation of funds by previous administrations but what APC has done is to bloat figures beyond the realm of possible reality so they can also steal and blame PDP. Buhari with his trumped up incorruptibility has come in this final onslaught to steal all he can for his family and them perpetuate as much of his islamic bigotry in this country so they can ensure perpetual northern dominance.

Sai baba is a failure

temptnow:
Sai baba is a failure

Sai Baba . . .

Govt of lies propaganda n hate yeye govt zombies hw far

Damn shame

This is one of the stand-up guys I love to listen to.


Whether PDP OR APC Nigerians should listen when Femi speaks

He is the one man that makes me believe there are still reasonable men in Southwest


Since the time of OBJ to Gej to Pmb he has always criticized constructively

I pray he doesn't end up like FFK

Buhari has beaten and surpassed his own records as Nigeria's worst president.

These are the effects of having an uneducated electorate.

lalasticlala come and read this and laugh

Fyno:
This is one of the stand-up guys I love to listen to.


Whether PDP OR APC Nigerians should listen when Femi speaks

He is the one man that makes me believe there are still reasonable men in Southwest


Since the time of OBJ to Gej to Pmb he has always criticized constructively

I pray he doesn't end up like FFK

one of the few stand up guys in the west
Criticise constructively

okay, you mean he criticises Buhari just the way you like it. From some of your posts I'll quote below, it is so obvious. (you may click on Fyno name to confirm the quotes)


"""which integrity?
I was never scamed because I never believed an old northerner who lacks education knows the meaning of intergrity.
I think over expectation led you and many to vote an illiterate"""

""" So Buhari no finish secondary school
If so how we come expect am to know wetin be RECESSION
ECONOMY
INFLATION
SUBSIDY
PMS
DULLARD
EAR INFECTION
CORRUPTION
NIGERIA A COUNTRY WHERE AN ILLITERATE IS THE PRESIDENT WHILE A PROFESSOR BECOMES THE DEPUTY
WHERE A SAN CAMPAIGNS FOR AN ILLITERATE
TUFIAKWA"""

it so obvious, just like Aribisala, you are just a hater of Buhari ....pure & simple... you will never see any good thing in his government.

The fact still remains that under GEJ all those said about d boosting of our Economy under is admin does not mean dat d kind of corruption in his dispensation would not have headed towards recession.

double0seven:


one of the few stand up guys in the west
Criticise constructively

okay, you mean he criticises Buhari just the way you like it. From some of your posts I'll quote below, it is so obvious. (you may click on Fyno name to confirm the quotes)


"""which integrity?
I was never scamed because I never believed an old northerner who lacks education knows the meaning of intergrity.
I think over expectation led you and many to vote an illiterate"""

""" So Buhari no finish secondary school
If so how we come expect am to know wetin be RECESSION
ECONOMY
INFLATION
SUBSIDY
PMS
DULLARD
EAR INFECTION
CORRUPTION
NIGERIA A COUNTRY WHERE AN ILLITERATE IS THE PRESIDENT WHILE A PROFESSOR BECOMES THE DEPUTY
WHERE A SAN CAMPAIGNS FOR AN ILLITERATE
TUFIAKWA"""

it so obvious, just like Aribisala, you are just a hater of Buhari ....pure & simple... you will never see any good thing in his government.

do you know I will be the happiest man the day Buhari seizes to be the president because I don't believe anything good can come from an old illiterate

Can't you see how arrogant he has become since he was sworn in,disobeying court orders,and sending army to kill at ease

A certificate less man becoming the president just because he's from the north, is that not the highest level of corruption?

Give an illiterate money and power and see how arrogant he becomes,that's the problem with buhari,is either you sing his praise or your jailed,is that not corruption

If given opportunity I will kill Buhari

Calling me a Buhari hater is an understatement

Buhari's administration is cursed. Nothing work for those who have badluck hovering over them.

This administration will go down as the worst in history

SWG25:
Buhari has beaten and surpassed his own records as Nigeria's worst president.

These are the effects of having an uneducated electorate.

lalasticlala come and read this and laugh

^^
May you walk and never stumble

I only empathize with the writer because all can see from the write-up is the pains and frustration of a pained WAILER and Looser...................

In one of his usual numerous criticisms, he faulted even THE WORD OF GOD when he admonished christians to choose between the teachings of St Paul and That of Our Lord Jesus Christ which he claimed was conflicting
www.nairaland.com/2022218/christians-must-choose-between-apostle

I know some Christians who profess the Bible as the true word of God will still take this man serious simply because Buhari is involved in this case............who even cares?


Anyway I stopped reading the weak argument of his when I was this


"Buhari was handed over $30 billion in foreign
reserves by the Jonathan administration. He inherited
over $2.5 billion in the Sovereign Wealth Fund; $1.4
billion in the ECA; and $4.65 billion in back taxes
from NLNG. But virtually all of this has been
squandered in one year of gross incompetence."


At least you can all bear Buhari witness that this statement is religiously, legally and morally wrong and blatant LIES

kenny987:
When I say that the monumental corruption and theft being perpetrated in this administration will be worse than ever, some zombies will come and preach of the ' infallible' Baba daftus stinking integrity.

As far as I'm concerned, there is some truth to theft n misappropriation of funds by previous administrations but what APC has done is to bloat figures beyond the realm of possible reality so they can also steal and blame PDP. Buhari with his trumped up incorruptibility has come in this final onslaught to steal all he can for his family and them perpetuate as much of his islamic bigotry in this country so they can ensure perpetual northern dominance.

Nigerians are simply an unbelievable set of people.
How we think , analyze and deal with important issues clearly shows that we deserve what we get in leadership.

For example, APC led government of Buhari the Messiah that was supposed to slay the dragon of corruption ,and usher in good governance, wasted Noooo time at all to play their eager hands.

With great haste, with no pretences or shame, they put out a blueprint for the Biggest One-Time THEFT in the history of Nigeria, the 2016 budget.
That budget, according to my estimates, contains at minimum N500b in padded expenses.

Of course, another word for ' padding ' is THEFT.

It still shocks me that Nigerians did not see the budget padding of 2016 for what it TRULY is ; A Blueprint For GRAND THEFT.

Yet, I am still hearing people say that Buhari is fighting corruption.
Yet I still hear people say that Buhari means well for Nigeria.

Even with our current economic circumstances, with blood and conflict everywhere, with NEPOTISM rife at the corridors of power, with propaganda as a policy thrust and with Nigeria more divided along ethnic and religious lines than ever , all in just one year, I still hear people say that Nigeria wiil be a better country under Buhari.

Which Nigeria are they talking about?

989900:
This Femi is just some pathetic noise maker.
How convenient to separate fall in oil prices from income?
How convenient to make up lies on the go.

I've listened to many objective critics of this Buhari administration, who have criticized without bias nor apologies, and even gone ahead to proffer sensible solutions -- not this Femi. #shame

Really so tell me where Femi sound bias? waiting for ur own unbiased analyses of Bubu lead government of kwaruption.