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Buhari’s Economic Reforms Are Bold – Obama - Politics (7) - Nairaland

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Re: Buhari’s Economic Reforms Are Bold – Obama by berrystunn(m): 10:45pm On Sep 21, 2016
Koleman:
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

who control CBN And foreign currency.

For your information
Buhari
1Year + In Office.
Buhari was handed over:-
- $30billion in our Foreign Reserves,
- $2.5billion Sovereign Wealth Fund,
- $1.4billion in the ECA,
- $4.65b back taxes from NLNG.
- Buhari met an approved budget of N4.5trillion Budget.
- 3trilion on STA.

Received Below within a year,
- $2.7billion collected by Inland Revenue in his first 8 months.
- $2.1billion world bank loan.
- $850million Grants from UK, USA and Europe.
- Excluding crude oil sales, Joint Venture profits, Royalties, Income from Customs, NIMMSA, NPA, NACHO ......

Not even a 1 kilometer road to show for it...
Name one project?

Bad economy policy

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Re: Buhari’s Economic Reforms Are Bold – Obama by EmperorTayo1864(m): 12:43am On Sep 22, 2016
[quote author=NgeneUkwenu post=49544585][/quote]
ipob yoots,dnt cry me a river rascals cry me a lagoon....
Re: Buhari’s Economic Reforms Are Bold – Obama by Yyeske(m): 1:11am On Sep 22, 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.
And the 5% the Igbo nation gave him, who still won? Sometimes i don't blame other Nigerians who say we are chest beaters. I never rejected Buhari but utterly rejected GEJ.

1 Like

Re: Buhari’s Economic Reforms Are Bold – Obama by moonraker(m): 1:25am On Sep 22, 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]

I see. So do you mind telling us what Bubu`s Economic policies are?? Cos i am actually clueless as to what he is doing??
Re: Buhari’s Economic Reforms Are Bold – Obama by ibkonekt(m): 2:06am On Sep 22, 2016
Information worth researching before commenting
Re: Buhari’s Economic Reforms Are Bold – Obama by mikki123(m): 7:23am On Sep 22, 2016
Please tell Obama to shut-up
Re: Buhari’s Economic Reforms Are Bold – Obama by GlorifiedTunde(m): 11:29am On Sep 22, 2016
NgeneUkwenu:


Ok.

Sent you a mail. Expecting your reply.
Re: Buhari’s Economic Reforms Are Bold – Obama by ikwubaba: 11:44am On Sep 22, 2016
berrystunn:


We know all that
Buhari promise to fix it.

With poor economy team?
Poor economy policy?
That pull investors out
Corruption that is still in the high side??


Buhari carry jaz? He promised to fix it. That is what he is doing. Corruption, Security and the economy. Progress has been made in fight against BH, Kidnappers/vandals are being dealt with. Economy took a nose dive for reasons beyond him, but he is tackling. And those of you who didn't vote for him and supporting NDA and other saboteurs will not be patient.
Anyway, we know your antics. Destroy and criticize that things are not working. The people you call zombies dey see with 2 clear eyes. We are still keeping vigil. When PMB starts behaving badly, we will stop backing him. But until then.
Re: Buhari’s Economic Reforms Are Bold – Obama by NgeneUkwenu(f): 1:16pm On Sep 22, 2016
GlorifiedTunde:


Sent you a mail. Expecting your reply.

I will check and reply when I get to the House..
Re: Buhari’s Economic Reforms Are Bold – Obama by shrinkchido(f): 6:51pm On Sep 22, 2016
Oblang:


Ask Emeka offor how market.. if he's still getting those huge scam contract he use to get under the inefficient buffoon..

To start with, your personality depicts one with deficient cognitive process.

People like you call your father stupid to make your mother feel good.
Re: Buhari’s Economic Reforms Are Bold – Obama by berrystunn(m): 7:34pm On Sep 22, 2016
ikwubaba:


Buhari carry jaz? He promised to fix it. That is what he is doing. Corruption, Security and the economy. Progress has been made in fight against BH, Kidnappers/vandals are being dealt with. Economy took a nose dive for reasons beyond him, but he is tackling. And those of you who didn't vote for him and supporting NDA and other saboteurs will not be patient.
Anyway, we know your antics. Destroy and criticize that things are not working. The people you call zombies dey see with 2 clear eyes. We are still keeping vigil. When PMB starts behaving badly, we will stop backing him. But until then.

Buhari is not fighting corruption..
His Fighting thief's... and oppositions, Not corruption because this govt is still corrupt.. What going on in CBN and foreign currency And bank, police, custom, etc.

Those that return some money fly freely to u.s and UK
Non in jail..

Simple way to fight corruption is to rebuild our institutions.

You can be working with the old institutions that gave room for corruption and you telling me you fighting corruption.

The appointment of the ambassador... Back door is on
In the same govt that us fighting corruption.

Men darkness can not fight darkness.
Same same people
Re: Buhari’s Economic Reforms Are Bold – Obama by Oblang(m): 7:53pm On Sep 22, 2016
shrinkchido:


To start with, your personality depicts one with deficient cognitive process.

People like you call your father stupid to make your mother feel good.


Is Emeka offor ur father?
Re: Buhari’s Economic Reforms Are Bold – Obama by GlorifiedTunde(m): 7:33am On Sep 23, 2016
NgeneUkwenu:


I will check and reply when I get to the House..

Hi smiley
Re: Buhari’s Economic Reforms Are Bold – Obama by DuchessD(f): 8:53am On Sep 23, 2016
How does the endorsement help us,because Obama says whateva doesnt mean anytin..i feel for Africans and their inferiority complex wen it coms to d western world..

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