TermuxDarkWeb:




Cc

SOURCE @ LordViccoDaGuru

https://twitter.com/VictorG63538936/status/1613872206487879681?t=3jj2n5KQtrYUqE_9UDX5PQ&s=08

Fujiyama:


^^^
Whataboutism at its worst. So because Gowon did it too, that makes it acceptable?


It's not about acceptability but historical precedent. You make it sound like buhari had committed an unpardonable sin when in fact had murtala not decimated the civil service they would still be running everything.
^^^
These excuses are old. They are damn old

Age does not infer incorrectness or invalidity

Each time supporters of this administration refer to the PDP's misrule, they don't know it is major self indictment.

Nigerians are tired of the excuses. They voted the APC in to fix things. Not to give excuses.

The next party will have its own excuse. In fact I predict they will spend the next four years complaining. I however cannot see the APC losing the next election because of the fragmented nature of the opposition

Eight years on, the Buhari administration and the APC have failed, full stop. The administration was inept from the very beginning - a fact demonstrated in Buhari's tardiness in appointing ministers - a tardiness you are justifying by this meaningless comparison with Gowon. After 8 years Buhari still blames the PDP for everything but this is nothing more than a convenient excuse. Buhari accuses previous PDP administrations of criminal activity but he won't prosecute them. Does this make sense?l

He should finish his term and leave.

BreconHills:

Failure is in the eye of the beholder. What exactly does failure mean? Let's talk about that with data. I do not agree that the government has failed. I think people are suffering but is it all down to Government? Let's talk it over data - I like numbers.

LordviccoDaGuru:


I pray God should open ur spiritual eyes so that u can see the Good work president Buhari has been doing

Fujiyama:


^^^


Nigeria has 71 million people living in extreme poverty. (https://africanpoverty.io/map) This number is the largest on the continent.

This is a simple case of the exchange rate since the WB has pegged poverty to x dollars per day. But is this dollar calculated poverty real? Does a person in UK earning £1000 get more for his sterling than a person earning NGN1mn? I seriously doubt it. The current calculation of poverty being less than x usd dollars a day is not credible using comparative purchasing power.

Nigeria has 20 million out of school children and youths. (https://www.premiumtimesng.com/news/headlines/551804-breaking-nigeria-now-has-20-million-out-of-school-children-unesco.html). As expected, this is again, the largest number on the continent.

Nigeria also has the largest population in Africa so instead of giving a headline number like 20m which is 10% of its population, we should be doing common sizing the data by using percentage of population not absolute numbers.

Nigeria could provide safely managed drinking water to only 22% of the population (as at 2020). (https://data.worldbank.org/country/nigeria?view=chart)

See same as above



You brought in Gowon earlier when trying to rationalize Buhari's failure to promptly form a cabinet. You're now bringing Murtala into the mix. I still can't believe what you're saying. No serious government puts off forming a cabinet for half a year. It doesn't matter whether Murtala, Gowon or Buhari is the HoS. No serious government does this sort of thing!!

BreconHills:
This is a simple case of the exchange rate since the WB has pegged poverty to x dollars per day. But is this dollar calculated poverty real? Does a person in UK earning £1000 get more for his sterling than a person earning NGN1mn? I seriously doubt it. The current calculation of poverty being less than x usd dollars a day is not credible using comparative purchasing power.

BreconHills:
Nigeria also has the largest population in Africa so instead of giving a headline number like 20m which is 10% of its population, we should be doing common sizing the data by using percentage of population not absolute numbers.

BreconHills:
See same as above

BreconHills:
Now let me cut to the chase.
1. As at 2015 when this government took over only 400k Nigerians had at least $10k or equivalent in their account. This is 0.002%. Yet Nigeria has the largest number of private jet registrations in Africa. So this issue is not just poverty it is the entire structure of an import dependent, rent seeking economy.

BreconHills:
2. As at 2022 the NsE stock market return and the Treasury bill rate were operating below headline inflation. Prime properties in ikoyi were returning a yield of 6% which is about -12% while properties in low income areas were returning 18% and one br professional housing was at about 23% p.a. You see why this is going? For the first time in Nigerias history speculative investments stores of illicit money and non productive assets have lost value. At the same time, local venture capital funds have soared by over 100% meaning money is moving away from unproductive storage to financing a start up economy. ( see attached image)

BreconHills:
Now where is the pain?

The pain is in the pivot. The ability of Nigerias youth to pivot from dying sectors like banking into technology, healthcare etc is hampered by years of poor standard education and institutional corruption leading to the increase in social vices such as crime, prostitution and Web fraud. These are not caused by this government, they are due to low pivot skills. Observe that Nigerias tech, medical and shortly private school teachers are japa'ing - this is not a bad thing- these are guys with high pivot skills that are following global demand.

BreconHills:
It isn't even bad news for Nigeria because Nigeria is skipping the Industrialization - mineral extraction route to become a new India where o erseas remittance ( and shortly to come diaspora investments) have overtaken crude oil receipts as the largest contributor to fx.

BreconHills:
But is Nigeria worse than 2015. Absolutely not! What is happening is the restructuring of the economy. At the same time we are being forced into this painful but necessary pivot, the largest scale infrastructural development project is under way; rail, roads, bridges and power.

BreconHills:
If I were in my 20's or 30's I would be quietly confident.

BreconHills:
It's a questionof perspective - entitled, lazy rent seekers and contract hunters are getting burned while those who can adjust to new realities are building bright new futures. What we are seeing is the reshaping of the Nigerian economy similar to a Germany or Japan after the war and what's good? The wealthy are paying the bill for the first time ever in the history of this country.

LordviccoDaGuru:


I pray God should open ur spiritual eyes so that u can see the Good work president Buhari has been doing

Richardonald:
Anybody wey visit baba na strategic meeting..

Soo called Startegic Meeting that has plunge Nigeria into recession.

Richardonald:
Anybody wey visit baba na strategic meeting..

Soo called Startegic Meeting that has plunge Nigeria into recession.

Themandator:


The man said he went to thank President for coming to his state to commission projects but inhouse analyst on nairaland says it is strategic meeting like 4 months to the end of his government he is making strategic instead of tactical plans


People throws words around without any idea