Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,704 members, 7,816,880 topics. Date: Friday, 03 May 2024 at 07:18 PM

Buhari’s Economic Reforms Are Bold – Obama - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Buhari’s Economic Reforms Are Bold – Obama (30357 Views)

Emir Sanusi Faults Buhari's Economic Plan / Buhari’s Economic Policies Not Working –MAN, NLC, TUC, Others / Recession: Buhari’s Economic Team Turns To Experts (2) (3) (4)

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

Re: Buhari’s Economic Reforms Are Bold – Obama by jozee8: 2:06pm On Sep 21, 2016
luvinhubby:
Desperate efforts to shore up Buhari's sagging popularity.
vibrant young man, what will you suggest the government should do at this point in time?
Re: Buhari’s Economic Reforms Are Bold – Obama by NgeneUkwenu(f): 2:07pm On Sep 21, 2016
ajealadick:
Hope I capy and paste this without accusation of plagiarism? I like your analysis, its detailed


Please share it freely to as many people YOU can..Thanks
Re: Buhari’s Economic Reforms Are Bold – Obama by balosunky(m): 2:08pm On Sep 21, 2016
CSTR2:
Why not jusxatpose it to the entire Igbo nation since that is what you were meaning to say.
Buhari was rejected by the entire Igbo nation and will not get up to 1% in 2019.
bros abeg wetin be una population remember u re the smallest main ethnic group in nigeria

2 Likes

Re: Buhari’s Economic Reforms Are Bold – Obama by spafu(m): 2:09pm On Sep 21, 2016
Buhari's Reforms are bad (and you guy are turning the bad to bold
Re: Buhari’s Economic Reforms Are Bold – Obama by Charly68: 2:09pm On Sep 21, 2016
Very bold indeed .
Re: Buhari’s Economic Reforms Are Bold – Obama by jozee8: 2:10pm On Sep 21, 2016
CSTR2:
Why not jusxatpose it to the entire Igbo nation since that is what you were meaning to say.
Buhari was rejected by the entire Igbo nation and will not get up to 1% in 2019.
fortunately you guys are politically irrelevant in Nigeria today due to your myopic view on issues and misplaced hatred and priority!

1 Like

Re: Buhari’s Economic Reforms Are Bold – Obama by jaey(m): 2:13pm On Sep 21, 2016
[/i][i][/i][i][/i][i][/i][i][/i][i][/i][i][quote author=NgeneUkwenu post=49544585][/quote]
Re: Buhari’s Economic Reforms Are Bold – Obama by Oblang(m): 2:17pm On Sep 21, 2016
berrystunn:


Story which road.. What massive??

Yes, much money was made during Jonathan's administration, but the Governors through their umbrella body (Governors' forum) insisted on sharing the money. It was in this country that they (Gov's Forum) took Jonathan to court and eventually all the money were shared. Those Governors then, are the 'so called' non corrupt APC Governors today.

Buhari Bad economy policy killed everything.
80b dollars was pull out of Nigeria in one year by foreign investors.




Enough of all this governors asking for the sharing of the money he saved. Was there no governors when the money was bin saved initially... And what happened to the fg's share of the money.. As per roads, maybe u should make it a job and start travelling around to see for urself...

2 Likes

Re: Buhari’s Economic Reforms Are Bold – Obama by banio: 2:19pm On Sep 21, 2016
CSTR2:
Was that how obama governed during america's period of recession cheesy? Because he definitely wouldn't have won re-election following buhari's template.
I am sure obama must have said that as a tongue in cheek after-all he is already leaving the white house. No need for controversial comments.

In the first place, this recession is caused by Vollari evil policies. Though we probably might have felt it, but not to this extent. Maybe Obama is praising him because of the loan IMF will lend 9ja. Obama spent close to $700 billion to end the 2008 recession, which still lasted 4 like a year. Where can Nigeria raise money to spend our way out of Dullari recession. https://www.whitehouse.gov/administration/eop/cea/speeches-testimony/treatment_and_prevention

Re: Buhari’s Economic Reforms Are Bold – Obama by holluphemydavid(m): 2:27pm On Sep 21, 2016
Buhari, d only camp man
Re: Buhari’s Economic Reforms Are Bold – Obama by DrLee(m): 2:31pm On Sep 21, 2016
NgeneUkwenu:
If Okonjo Iweala, a woman that had seen it all could come out to say at an American conference that the SEED OF THIS RECESSION WAS PLANTED DURING THE JONATHAN REGIME DUE TO OUR LACK OF FINANCIAL DISCIPLINE, INABILITY AND LACK OF POLITICAL WILL TO SAVE. Then Those Harshly Criticizing Buhari, Should In All Honesty, Do A Retrospective Search On Their Conscience...

Obasanjo's administration earned # 17trn [/b]from crude oil sales within eight years and left behind 45bn dollars external reserves and 3.348bn dollars external debt.

Yaradua grew the reserves to [b]64bn dollars
within just one year and the administration was able to finance 15 months of imports despite the 2008/2009 world economic meltdown. Hence, Nigeria survived the melt down because of the political will by the administration to save(a great achievement by Yaradua which most Nigerians are not aware of). Despite the tough economic reality at that time, Yaradua left 47.7bn dollars in reserves and an external debt of 3.94bn dollars. Meanwhile, the administration earned only # 9trn from crude oil sales within that short period.

Now, Jonathan administration witnessed an oil boom when Brent crude sold for over 100 dollars/barrel, with the regime earning # 51trn within a period of 5years. But because of corruption, the administration did not only squander the oil revenue but even depleted the reserves left by Yaradua, leaving just 32bn dollars and a huge external debt of 63bn dollars for Buhari. The same Brent crude sold for as low as 35 dollars/barrel at a point shortly after Buhari took over power and had only managed to climb to about 48 dollars just recently.

These are facts that can be verified. So, it's amazing hearing people criticize Buhari for the hunger in the land.

According to Fashola, Buhari's administration inherited 206 uncompleted road projects and contract arrears worth #2.1trn from Jonathan; and for about 2 to 3 years the contractors where not paid. This slowed down the economic activities, with most of the companies laying off their staff. This was when the seed of recession was sowed.

It's obvious that Buhari came in to rescue Nigeria, because if Jonathan had continued in power, the nation's economic crisis would have been worse, perhaps even the Federal government wouldn't have been able to pay salaries of civil servants by now.

According to Okonjo Iweala, Nigeria started borrowing money to pay salaries since October, 2014; but today Nigeria now borrow money for investment in capital projects.

Those who blame Buhari for the current hardship do so either out of mischief (hatred) or ignorance. So, we shouldn't join the bandwagon in criticising him. [b]He may not have done much to save the situation, considering that he is not a perfect human being but he means well for the country and can only succeed with our prayers[/b].

[size=15pt]May Almighty God continue to guide Baba Buhari.
[/size]

Very nice write up but Jonathan didn't grow the debts that much. It increased by about $20bn under him. I believe that is also verifiable
Re: Buhari’s Economic Reforms Are Bold – Obama by HomeOfMe(f): 2:35pm On Sep 21, 2016
NgeneUkwenu:



http://theeagleonline.com.ng/buharis-economic-reforms-are-bold-obama/
When the West commends you,better watch out and be carefully because they could just have finished you behind your back. The west do not desire any good for the third world especially when they see you as an emerging threat in what ever way or form.
Re: Buhari’s Economic Reforms Are Bold – Obama by HomeOfMe(f): 2:36pm On Sep 21, 2016
NgeneUkwenu:



http://theeagleonline.com.ng/buharis-economic-reforms-are-bold-obama/
When the West commends you,better watch out and be carefully because they could just have finished you behind your back. The west do not desire any good for the third world especially when they see you as an emerging threat in what ever way or form. They'll frustrate all your efforts to be great.
Re: Buhari’s Economic Reforms Are Bold – Obama by Ojiofor: 2:42pm On Sep 21, 2016
Obama you got it wrong again.......Buhari is not [BOLD his economic policy is rather [BAD!
Re: Buhari’s Economic Reforms Are Bold – Obama by forget101O(m): 2:55pm On Sep 21, 2016
CSTR2:
Why not jusxatpose it to the entire Igbo nation since that is what you were meaning to say.
Buhari was rejected by the entire Igbo nation and will not get up to 1% in 2019.
WAKE UP! There is nothing like Igbo nation tongue

1 Like

Re: Buhari’s Economic Reforms Are Bold – Obama by CSTR2: 2:56pm On Sep 21, 2016
jozee8:

fortunately you guys are politically irrelevant in Nigeria today due to your myopic view on issues and misplaced hatred and priority!
We would see about that.
What ever relevance you claim to have now, we already did. I hope you know your so-called relevance is hinged on buhari.
The moment buhari leaves power either in 2019 or 2023, and a new power struggles begins, your relevance goes with him.
You and your future Yoruba candidates have no support base in the south, and have to go all the way to the core - north for buhari core fanatics as your support base.
Re: Buhari’s Economic Reforms Are Bold – Obama by CSTR2: 2:57pm On Sep 21, 2016
forget101O:

WAKE UP! There is nothing like Igbo nation tongue
Says who?
An illiterate with an IQ of 2.
Re: Buhari’s Economic Reforms Are Bold – Obama by matrix1759: 2:58pm On Sep 21, 2016
NgeneUkwenu:
If Okonjo Iweala, a woman that had seen it all could come out to say at an American conference that the SEED OF THIS RECESSION WAS PLANTED DURING THE JONATHAN REGIME DUE TO OUR LACK OF FINANCIAL DISCIPLINE, INABILITY AND LACK OF POLITICAL WILL TO SAVE. Then Those Harshly Criticizing Buhari, Should In All Honesty, Do A Retrospective Search On Their Conscience...

Obasanjo's administration earned # 17trn [/b]from crude oil sales within eight years and left behind 45bn dollars external reserves and 3.348bn dollars external debt.

Yaradua grew the reserves to [b]64bn dollars
within just one year and the administration was able to finance 15 months of imports despite the 2008/2009 world economic meltdown. Hence, Nigeria survived the melt down because of the political will by the administration to save(a great achievement by Yaradua which most Nigerians are not aware of). Despite the tough economic reality at that time, Yaradua left 47.7bn dollars in reserves and an external debt of 3.94bn dollars. Meanwhile, the administration earned only # 9trn from crude oil sales within that short period.

Now, Jonathan administration witnessed an oil boom when Brent crude sold for over 100 dollars/barrel, with the regime earning # 51trn within a period of 5years. But because of corruption, the administration did not only squander the oil revenue but even depleted the reserves left by Yaradua, leaving just 32bn dollars and a huge external debt of 63bn dollars for Buhari. The same Brent crude sold for as low as 35 dollars/barrel at a point shortly after Buhari took over power and had only managed to climb to about 48 dollars just recently.

These are facts that can be verified. So, it's amazing hearing people criticize Buhari for the hunger in the land.

According to Fashola, Buhari's administration inherited 206 uncompleted road projects and contract arrears worth #2.1trn from Jonathan; and for about 2 to 3 years the contractors where not paid. This slowed down the economic activities, with most of the companies laying off their staff. This was when the seed of recession was sowed.

It's obvious that Buhari came in to rescue Nigeria, because if Jonathan had continued in power, the nation's economic crisis would have been worse, perhaps even the Federal government wouldn't have been able to pay salaries of civil servants by now.

According to Okonjo Iweala, Nigeria started borrowing money to pay salaries since October, 2014; but today Nigeria now borrow money for investment in capital projects.

Those who blame Buhari for the current hardship do so either out of mischief (hatred) or ignorance. So, we shouldn't join the bandwagon in criticising him. [b]He may not have done much to save the situation, considering that he is not a perfect human being but he means well for the country and can only succeed with our prayers[/b].

[size=15pt]May Almighty God continue to guide Baba Buhari.
[/size]
From the picture above, almost everyone came with a pen and pad to take notes but look at Buhari, na empty hand he take waka come cos he has no idea what's going on there. All these your long stories will not change the fact that PMB has failed Nigerians. Even Saraki has asked that the blame game should be over. It is time to take responsibilities.
Re: Buhari’s Economic Reforms Are Bold – Obama by berrystunn(m): 3:12pm On Sep 21, 2016
Oblang:


Enough of all this governors asking for the sharing of the money he saved. Was there no governors when the money was bin saved initially... And what happened to the fg's share of the money.. As per roads, maybe u should make it a job and start travelling around to see for urself...

Hardship
Buhari have poor economy policy

You will join forces to call on buhari to step down.
Re: Buhari’s Economic Reforms Are Bold – Obama by Whynotthetruth(m): 3:21pm On Sep 21, 2016
AntiWailer:

FACT !!!

cheesy gringringrin Mr Professor... gringringrin

1)Who do you think is gaining as Buhari is messing up Nigeria's economy? $1 is 420naira ...Why won't Obama wish him well for working for American economy?

2) Kindly note that Obama SPECIFICALLY commended his allowing flexibility in foreign exchange as bold cheesy

3) ALL Nigerian and foreign economists via Bloomberg etc all agreed that Buhari's ineptitude caused the AVOIDABLE Recession we are in today...so what are you folks saying?

4)Today, Nigeria is bleeding profusely as Buhari and northern elites engages in round tripping of forex via CBN hence making billions daily... enriching themselves at detriment of common man...what corruption is worse than this?
Re: Buhari’s Economic Reforms Are Bold – Obama by modath(f): 3:23pm On Sep 21, 2016
NgeneUkwenu:


Babe I dey oo! Just that, These yeye IPOB yoots bore me to no end(apologies to Aressa grin)

How your end dear?

cheesy cheesy cheesy cheesy

Doing ok too. smiley

1 Like

Re: Buhari’s Economic Reforms Are Bold – Obama by happney65: 3:30pm On Sep 21, 2016
omolola15:


happney65 oya come see analysis. I know you will say it's thrash but this madam is actually right. She didn't even include the fertilizer debt self. Buhari no be Saint ooooo. But he's better than your hero and role model.


Story,Story,Story..Keep on coming up with excuses every now and then...The same scenario of 1984 is being repeated. So many people lost their jobs, there was economic downturn, standard of living was in constant deterioration and Buhari kept blaming Shagari the same thing he's doing with Jonathan today...Lest I forget,You know GEJ isnt my Hero..Just laying down the Facts to you and not being sentimental..I guess its GEJ that padded the Budget?Guess its GEJ that took a 108Delegation to the US?Guess its GEJ that still uses the same Presidentila Fleet that Gulps Money..Guess its GEJ that said it should take him 6months before he can appoint a cabinet and still went on to appoint the same set of People..Yeye
Re: Buhari’s Economic Reforms Are Bold – Obama by Koleman(m): 3:30pm On Sep 21, 2016
president3h:
. And withing this one year that buhari entered, he grew the money to 100B dollars abi ? Zombie
by magic? Dont be myopic! The irony is that hatred only kills the person who decides to hate. Buhari no care. Till 2019 make una try again

1 Like

Re: Buhari’s Economic Reforms Are Bold – Obama by ceejayxy(m): 3:30pm On Sep 21, 2016
Yaradua was meant to be the best president nigeria would av had...i weep 4 dat missed opportunity of national growth.obj gej(d worst) n buhari hav failed us
Re: Buhari’s Economic Reforms Are Bold – Obama by Hhundredhundred(m): 3:31pm On Sep 21, 2016
CSTR2:
Ironically, the people on nairaland that wants him to continue are from regions suffering the worst impact of recession where people steal pot of amala and ewedu and other nonsense.

This pained akpu eating tribalist cant stop bringing shame to his damned tribe. Your shameless people troop to same region daily and cant survive without that region. You are one bitter oaf whose life is messed up and always angry cos of poverty and hunger rocking your life.

7 Likes 1 Share

Re: Buhari’s Economic Reforms Are Bold – Obama by Koleman(m): 3:33pm On Sep 21, 2016
berrystunn:


Corruption has been in Nigeria since 1914.
Go and Sleep we know all that...

Buhari said we should vote for him to fix it.
He promise heaven and earth
He beg for the vote

And we voted him
Today Buhari is looking for who to blame

We should blame my poor dog who did not understand the change
Because he want me to get his food from shoprit like I use to.... Nonsense he never see anything.
a typical example of the hatred we are talking about. Yes he promised heaven or earth and yes he hasn't delivered but 90% isn't his fault. He met things worseoff, now he has to get things back to default, after that we can start thinking of heaven on earth. Mind you na till 2019. When that time comes you can try again

1 Like

Re: Buhari’s Economic Reforms Are Bold – Obama by AntiWailer: 3:34pm On Sep 21, 2016
Whynotthetruth:


cheesy gringringrin Mr Professor... gringringrin

1)Who do you think is gaining as Buhari is messing up Nigeria's economy? $1 is 420naira ...Why won't Obama wish him well for working for American economy?

2) Kindly note that Obama SPECIFICALLY commended his allowing flexibility in foreign exchange as bold cheesy

3) ALL Nigerian and foreign economists via Bloomberg etc all agreed that Buhari's ineptitude caused the AVOIDABLE Recession we are in today...so what are you folks saying?

4)Today, Nigeria is bleeding profusely as Buhari and northern elites engages in round tripping of forex via CBN hence making billions daily... enriching themselves at detriment of common man...what corruption is worse than this?

Your answer per point.

1. Who is messing Up China, Russia, Iran, Brazil and Venezuela's economy too ?

2. Flexibility in foreign exchange was suggested by all economist before he reluctantly agreed. Fixing Dollar is like paying subsidy on FOREX so what was your option ?

3. Buhari's ineptitude also caused the other 8 from the top 13 Oil producing Economies to face struggle and recession. Iran is facing he worst RECESSION ever ? They had problem for not voting Jonathan too.

4. Anybody can make a baseless and useless allegation without presenting any source so I will not waste my time on this.

NB: You don't have to be a Professor you just have to use your common sense which i am struggling to see where you applied it.

Top 13 Oil production economy is struggling and experts simply mentioned FALL in oil price.

How you are making it look like Jonathan will sell his OIL in OTUEKE is what baffles me when you make those m0r0nic submissions.

1 Like 1 Share

Re: Buhari’s Economic Reforms Are Bold – Obama by lielbree: 3:34pm On Sep 21, 2016
NgeneUkwenu:
If Okonjo Iweala, a woman that had seen it all could come out to say at an American conference that the SEED OF THIS RECESSION WAS PLANTED DURING THE JONATHAN REGIME DUE TO OUR LACK OF FINANCIAL DISCIPLINE, INABILITY AND LACK OF POLITICAL WILL TO SAVE. Then Those Harshly Criticizing Buhari, Should In All Honesty, Do A Retrospective Search On Their Conscience...

Obasanjo's administration earned # 17trn [/b]from crude oil sales within eight years and left behind 45bn dollars external reserves and 3.348bn dollars external debt.

Yaradua grew the reserves to [b]64bn dollars
within just one year and the administration was able to finance 15 months of imports despite the 2008/2009 world economic meltdown. Hence, Nigeria survived the melt down because of the political will by the administration to save(a great achievement by Yaradua which most Nigerians are not aware of). Despite the tough economic reality at that time, Yaradua left 47.7bn dollars in reserves and an external debt of 3.94bn dollars. Meanwhile, the administration earned only # 9trn from crude oil sales within that short period.

Now, Jonathan administration witnessed an oil boom when Brent crude sold for over 100 dollars/barrel, with the regime earning # 51trn within a period of 5years. But because of corruption, the administration did not only squander the oil revenue but even depleted the reserves left by Yaradua, leaving just 32bn dollars and a huge external debt of 63bn dollars for Buhari. The same Brent crude sold for as low as 35 dollars/barrel at a point shortly after Buhari took over power and had only managed to climb to about 48 dollars just recently.

These are facts that can be verified. So, it's amazing hearing people criticize Buhari for the hunger in the land.

According to Fashola, Buhari's administration inherited 206 uncompleted road projects and contract arrears worth #2.1trn from Jonathan; and for about 2 to 3 years the contractors where not paid. This slowed down the economic activities, with most of the companies laying off their staff. This was when the seed of recession was sowed.

It's obvious that Buhari came in to rescue Nigeria, because if Jonathan had continued in power, the nation's economic crisis would have been worse, perhaps even the Federal government wouldn't have been able to pay salaries of civil servants by now.

According to Okonjo Iweala, Nigeria started borrowing money to pay salaries since October, 2014; but today Nigeria now borrow money for investment in capital projects.

Those who blame Buhari for the current hardship do so either out of mischief (hatred) or ignorance. So, we shouldn't join the bandwagon in criticising him. [b]He may not have done much to save the situation, considering that he is not a perfect human being but he means well for the country and can only succeed with our prayers[/b].

[size=15pt]May Almighty God continue to guide Baba Buhari.
[/size]
The person who championed the sharing of excess crude funds and kicked again saving in foreign reserves is buharis transportation minister!

Was the 63b dollar debt created under gej term alone? Please don't mislead people. If you want to know how well Nigeria is doing don't ask Obama, he has never step foot in.to Nigeria. Ask ordinary Nigerians!
Re: Buhari’s Economic Reforms Are Bold – Obama by Hhundredhundred(m): 3:34pm On Sep 21, 2016
nototribalist:
just like how they killed awolowo and abiola like rat, with rat poison

Ojukwu of cursed memory died crippled, senile, deaf, dumb and mad while FFK bang his w.hore wife daily. Your albino god Nnam-die Car-nu is currently eating beans and servicing Sir Gay Jimoh in Kuje. Wonderful cheesy

7 Likes

Re: Buhari’s Economic Reforms Are Bold – Obama by Koleman(m): 3:35pm On Sep 21, 2016
berrystunn:


Corruption has been in Nigeria since 1914.
Go and Sleep we know all that...

Buhari said we should vote for him to fix it.
He promise heaven and earth
He beg for the vote

And we voted him
Today Buhari is looking for who to blame

We should blame my poor dog who did not understand the change
Because he want me to get his food from shoprit like I use to.... Nonsense he never see anything.
berrystunn:


Corruption has been in Nigeria since 1914.
Go and Sleep we know all that...

Buhari said we should vote for him to fix it.
He promise heaven and earth
He beg for the vote

And we voted him
Today Buhari is looking for who to blame

We should blame my poor dog who did not understand the change
Because he want me to get his food from shoprit like I use to.... Nonsense he never see anything.
a typical example of the hatred we are talking about. Yes he promised heaven on earth and yes he hasn't delivered but 90% isn't his fault. He met things worseoff, now he has to get things back to default, after that we can start thinking of heaven on earth. Mind you na till 2019. When that time comes you can try again

1 Like

Re: Buhari’s Economic Reforms Are Bold – Obama by Hhundredhundred(m): 3:37pm On Sep 21, 2016
CSTR2:
Why not jusxatpose it to the entire Igbo nation since that is what you were meaning to say.
Buhari was rejected by the entire Igbo nation and will not get up to 1% in 2019.

Your vote is not even needed cos votes of all tribe slaves dont count. Lol

7 Likes

Re: Buhari’s Economic Reforms Are Bold – Obama by CSTR2: 3:37pm On Sep 21, 2016
Hhundredhundred:


This pained akpu eating tribalist cant stop bringing shame to his damned tribe. Your shameless people troop to same region daily and cant survive without that region. You are one bitter oaf whose life is messed up and always angry cos of poverty and hunger rocking your life.
A Nigerian talking about hunger? Even one in a shitthole. grin
A homeless man here has more to eat than 90% of Nigerians.

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

FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash / FG Asks Interpol To Place 3 Nigerians On Watch For 'Forging Buhari's Signature' / Politicians At Wedding Reception Of Saraki's Daughter (Photos)

(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. 100
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.