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The Return Of SAP By Chris Adetayo - Politics (2) - Nairaland

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Re: The Return Of SAP By Chris Adetayo by CyberHustle: 10:40am On Jun 22, 2023
Racoon post=123956227 smiley:

While Nigerians know how to give leadership a chance, extended suffering will force a reaction. It is therefore in the interest of the Administration that it ensures that its policies deliver on economic growth, reduced inflation, higher household income and production.
https://www.thecable.ng/the-return-of-sap/amp
Re: The Return Of SAP By Chris Adetayo by Procashtips(m): 10:42am On Jun 22, 2023
Racoon:
Same de javu situation today as it was the case when Buhari who passed the baton to the criminal mandate holder. Nigeria is just unfortunate with leadership. Guess the writer of this great piece will be called an IPOB member?

I thought the article you posted stated that the issue started in 1981 and who was the leader in 1981?

You guys won't practicing half truths, yet you want progress for the country!
Re: The Return Of SAP By Chris Adetayo by EmeeNaka: 10:46am On Jun 22, 2023
mariovito:
From Austerity measures, to Structural adjustment Policy, to MAMSER, what will this one be called? Government always pushing the brunt of their inefficiency on the masses

Seems Nigeria is always facing economic challenges.

The panacea is quite obvious but we pretend to not know.

Reduce cost of running government.

Stop government wastage.

Corruption, nepotism.

Let capable hands run the system.

But how can these be when most of the time, what are have are power thieves who steal political power either through the barrel of a gun or by robbing the people's vote either through vote buying or outright rigging and result manipulation.

The end justifies the means you'll say. But how can the end be good if the means if crooked?

No one steals power because he wants to serve the people, it's usually for selfish reasons so when they get it in there, just like a feudal system, their homage, tax or whatever you call it must remain untouched so they increase the tax to be paid by the serfs and that's what always happens in Nigeria, instead of the returns of the feudal lords to diminish, they increase tax which in our case is achieved by inflation.

Nigeria can only get it right when we start having legitimate intelligent governments.

Till then, let's enjoy Buharinomics promax now known as Tinubunomics.

Open your eyes, we're been run my a mafia.

Inflation will not cease because their money must to complete.
Nobody is talking about population growth.

1 Like

Re: The Return Of SAP By Chris Adetayo by Kaycee54321(m): 10:46am On Jun 22, 2023
Structural adjustment program - SAP

Structural adjustment program advanced - SAPA

4 Likes

Re: The Return Of SAP By Chris Adetayo by oskylabs(m): 10:49am On Jun 22, 2023
Racoon:
Same de javu deja vu situation today as it was the case when Buhari who passed the baton to the criminal mandate holder. Nigeria is just unfortunate with leadership.
Re: The Return Of SAP By Chris Adetayo by lexy2014: 10:51am On Jun 22, 2023
Zxcvbnmghtr:
grin grin grin grin grin Racoon never knew you are this shallow. I swear. cheesy

Is it Racoons that wrote the article or you didn't even bother to read it?
Re: The Return Of SAP By Chris Adetayo by oskylabs(m): 10:53am On Jun 22, 2023
Kaycee54321:
Structural adjustment program - SAP

Structural adjustment program advanced - SAPA
Apt!
Re: The Return Of SAP By Chris Adetayo by lexy2014: 10:53am On Jun 22, 2023
nairalanda1:


It won't solve the problems we have now, and the new government would be forced to implement SAP in the short term...because quite frankly we don't have enough money, and the looting and corruption makes a bad situation worse.

Yes, I'm no fan of Tinubu.

Where did buhari see the 1trillion he spent on refineries without results?

Is there any country in the world that has enough money?

Do they all implement SAP because they don't have enough money?
Re: The Return Of SAP By Chris Adetayo by Nobody: 10:53am On Jun 22, 2023
omojeesu:
Once upon a time
Public Sector was born
Then Private Sector followed
Corruption too emerged

After a while
The Private grew
Soon the Public-Private song started
Corruption dug in
The song changed but unbeknown to many
To Private-Public dance
Soon the Private will completely swallow the Public
But fact-checkers will debunk it.
And the masses will it.

Am I not a conspiracy theorist?

The Private Sector is now much worse now.

Those Contractors will collect contract at the Rate of N100 per Staff from their Clients, Give Kickbacks to the Core Management of the Clients and pay the Staffs who will do the Huge Loads Of Work N10 at the end of the Day.

I won't want to talk of the Workload which 5 Staffs are supposed to be doing but only One staff is assigned the huge Tasks. So you can Imagine 100×5=N500 but they are only paying 10 out of the N500.

That's how Most People make money In Nigeria and they will tell you It's God's grace.

An Average Typical Nigeria who is still struggling is just waiting to get to the Top and Unleash the Fury and Hardship they Unleashed on him while he/she was at the Bottomgrin

So the Cycle continues...

2 Likes

Re: The Return Of SAP By Chris Adetayo by lexy2014: 10:56am On Jun 22, 2023
Procashtips:


I thought the article you posted stated that the issue started in 1981 and who was the leader in 1981?

You guys won't practicing half truths, yet you want progress for the country!

Which issue started in 1981 and where was it mentioned in the article that "the issue" started in 1981?
Re: The Return Of SAP By Chris Adetayo by Procashtips(m): 11:01am On Jun 22, 2023
lexy2014:


Which issue started in 1981 and where was it mentioned in the article that "the issue" started in 1981?

Read.

Is this too hard to do?

1 Like

Re: The Return Of SAP By Chris Adetayo by Hpesoj: 11:01am On Jun 22, 2023
nairalanda1:
SAP is a common feature of oil dependent economies like Nigeria.




Source: Managing the Dutch diease in Nigeria, 2004.

Lol... Don't just copy and paste.

SAP have nothing to do with being an oil-dependent country or the Dutch-disease. SAP is just a a set of economic reforms that countries (over the years SAP loans are mainly distributed to developing countries with Nigeria being the only oil-dependent country on the list) must adhere to in order to secure a loan from the Bretton Woods institutions.
Re: The Return Of SAP By Chris Adetayo by Deeprooted: 11:03am On Jun 22, 2023
For those asking what is Structural Adjustment Program, read up my M.Sc thesis to have an insight
Re: The Return Of SAP By Chris Adetayo by rejoice4eva(m): 11:03am On Jun 22, 2023
okomile:



Kick them out nah


Ode!!!

grin grin
Keep quiet for once.
It is your right to keep quiet, without abuse while he express his legitimate opinion!
Re: The Return Of SAP By Chris Adetayo by lexy2014: 11:09am On Jun 22, 2023
Procashtips:


Read.

Is this too hard to do?

How does your screenshot answer the question?

Which issue started in 1981 and where was it mentioned in the article that "the issue" started in 1981?
Re: The Return Of SAP By Chris Adetayo by Roger3D(m): 11:22am On Jun 22, 2023
A lot of young people of the Gen Z generation cannot relate to the economic turmoil of the late 1980's during the Babangida regime SAP policy. All they know is to shout 'Emilokan' on social media. Tinubu is taking Nigeria down a similar road and it will not end well
Re: The Return Of SAP By Chris Adetayo by nairalanda1(m): 11:24am On Jun 22, 2023
Hpesoj:


Lol... Don't just copy and paste.

SAP have nothing to do with being an oil-dependent country or the Dutch-disease. SAP is just a a set of economic reforms that countries (over the years SAP loans are mainly distributed to developing countries with Nigeria being the only oil-dependent country on the list) must adhere to in order to secure a loan from the Bretton Woods institutions.

The article explains why we have to do SAP.

Ultimately, it's because 'we are not making enough money' because we do not want to do the policies that make us more money.

That oil we have, we don't have enough of it, and we are too reliant on it.

And we are very reliant on oil...to the point that our budgets always are based on a 'hypothetical oil price' and our revenues are largely oil based. We also don't have a high enough tax to gdp ratio, meaning we rely more on oil instead of taxes.

The IMF may be evil, but we haven't been doing much to free ourselves from its grasp....
Re: The Return Of SAP By Chris Adetayo by LeopardX: 11:38am On Jun 22, 2023
EmeeNaka:
Nobody is talking about population growth.
This is a very big concern bros. And nobody is talking about it.

Economy grew by 5% under IBB according to the article, but the population increase of 3% made the effect of the said growth insignificant.

1 Like

Re: The Return Of SAP By Chris Adetayo by Procashtips(m): 11:41am On Jun 22, 2023
lexy2014:


How does your screenshot answer the question?

Which issue started in 1981 and where was it mentioned in the article that "the issue" started in 1981?

Do you know what "no where near the peak of 1981" means?

It means the decline started after the 1981 peak.

1 Like

Re: The Return Of SAP By Chris Adetayo by LeopardX: 11:48am On Jun 22, 2023
lexy2014:


Where did buhari see the 1trillion he spent on refineries without results?

Is there any country in the world that has enough money?

Do they all implement SAP because they don't have enough money?
Or where did OBJ see $16bn for power project that was wickedly embezzled?

We fail to agree that corruption, nepotism (which breeds incompetence) and explosive population growth are the major causes of Nigeria's problem.

'we are not making enough money, yen yen yen'. The little we have was mismanaged, so what's the guarantee that the freed up funds from all subsidies removal will be judiciously used?

Jesus said, "he that is faithful in little, will be faithful in much. He that is unfaithful in little, will be unfaithful in much'.

Solomon said, "when goods are increased, they are increased who eat them'

So it's clear that corruption is Nigeria's main problem, whether she has little or much.
Re: The Return Of SAP By Chris Adetayo by pacespot(m): 11:50am On Jun 22, 2023
E don tey wey Nigeria don dey suffer under Fulani-occasssioned economic Armageddon. undecided
Re: The Return Of SAP By Chris Adetayo by happney65: 1:04pm On Jun 22, 2023
When we tell you Tinubu a neo capitalist will fail woefully and you will start missing buhari some people say I should stop saying that.

It is anctedents. Stop using ethnic and primodal sentiments to vote for an individual una no go hear

Shior
Re: The Return Of SAP By Chris Adetayo by lexy2014: 1:05pm On Jun 22, 2023
Procashtips:


Do you know what "no where near the peak of 1981" means?

It means the decline started after the 1981 peak.

How does your screenshot answer the question?

Which issue started in 1981 and where was it mentioned in the article that "the issue" started in 1981?
Re: The Return Of SAP By Chris Adetayo by Everlastingson: 1:09pm On Jun 22, 2023
BarrettMRAD:
SAPs have failed to develop Nigeria not because assistance was hindered — or ‘thwarted’, in the language used by the IMF. Ineffectiveness occurred because assistance was NEVER the intention. SAP is neo-colonialism through “coerced adoption” . All the Profits made by this tinubu administration will be “exported to the West” and economic growth will be crippled through limited local investment. The vicious cycle continues.


Thank you. Some goons here praising Tinubu think it's a tribalism thing. They do not know that their future is being destroyed
Re: The Return Of SAP By Chris Adetayo by soccerlite: 1:16pm On Jun 22, 2023
History repeats
Re: The Return Of SAP By Chris Adetayo by soccerlite: 1:18pm On Jun 22, 2023
nairalanda1:
SAP is a common feature of oil dependent economies like Nigeria.




Source: Managing the Dutch diease in Nigeria, 2004.

What of Saudi and co

Are they doing too
Re: The Return Of SAP By Chris Adetayo by Procashtips(m): 1:26pm On Jun 22, 2023
lexy2014:


How does your screenshot answer the question?

Which issue started in 1981 and where was it mentioned in the article that "the issue" started in 1981?

Continue.
Re: The Return Of SAP By Chris Adetayo by nairalanda1(m): 1:47pm On Jun 22, 2023
soccerlite:


What of Saudi and co

Are they doing too

Before we start, I am not here to be excusing any bad government. I myself believe that the APC has run this country badly, as has the PDP, and other governments.

Okay, here are some facts.

Saudi produces 10million barrels of crude and has 40 million people. Qatar produces 1.5m barrels of crude and has 1.8m people. UAE produces 2.8m barrels of crude and has 15 million people.

Nigeria, on the other hand, has 220 million people and produces 1.4million barrels of crude a day.

In other words, if Nigeria were to have enough oil money for its needs, it is either our population magically shrinks to 1-10million people, or we start producing something like 100million barrels of crude a day.

[b]That is why people have been shouting at us...including economic experts, that we have to diversify our economy away from oi[/b]l. Infact, the shouting has been going on for decades. Governments never hear.
Re: The Return Of SAP By Chris Adetayo by Badonasty(m): 2:13pm On Jun 22, 2023
Lol…was channels tv operating in 1992 as claimed by the writer?

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