True story

The sorry state of Nigeria under PDP n GEJ

TonyeBarcanista:
Apologies Boss! Sometimes things get kinda heated and we lose control of emotions.

Alright boss. being able to control our emotions no matter what speaks volume of who we really are. Even if i dont agree with most of your submissions, i must confess i have learnt alot from your posts. Pls lets be civil and try to be a better role model for the upcomming generations, even if someone haul insult on us we can simply pass.

auggie340:

Thank you so much...you made a lotta sense esp. as regards insulting remarks in various comments

most of d commentators on this forum are either #Istandwithbuhari crew or #Istandwithgej crew...
the former would not see anything wrong wit d present administration while d latter fails to see anything commendable in dis govt....objective analysis is really lacking...once this trend continues, d politicians would keep having a field day knowing their lackeys would keep singing their praises...it's very unfortunate

Thanks ma, together we can change the tide,

Silly arguments. Nigerians are not yet ready for positive change.

with this man as president Nigeria will definitely became a failed state

make winning a habit with us at smartbet. be part of our winning team. interested in our today's (17/02/2017) sure fixed games of correct score and halftime/fulltime with no chance of losing? see photo below for contact details...

Sorry ogogoro drunkerd ll never b my president again

LordAdam7:


Rebasing an economy does not make it more developed.

It is like doing census.

The Nigerian economy heavily relies on the government and the government heavily relies on oil. But Jonathan was changing that. And it was in that light that he refused to implement TSA after formulating it.

Jonathan chose to borrow to pay salaries rather than chop off money for other projects. For example, he wasn't borrowing to pay fuel subsidy of more than 1 trillion naira annually. Whether that was a good decision is up for debate. And by the way, GEJ borrowed majorly from within the country. So, he envisaged that when paying back, the money stays in the country.

What you fail to understand is that GEJ and NOI knew how to pilot Nigeria through 18 months of oil drop without a recession setting in. If GEJ had continued in May, he would have held the fort steady for another 8+ months before the prices started rising in 2016.

Nigeria would have NOT entered a recession if GEJ was still the president. And I'll give you a couple of reasons why:

1. The N5.2 trillion naira in the TSA would still be in the economy keeping it afloat.
2. Nigeria would not have lost its credit ratings in 2015/2016 that led investors to remove billions of dollars from the economy.
3. GEJ/NOI would have done better to assuage the concerns of investors by readily devaluing the currency slowly and carrying out other fiscal reforms that would make us sustain our 2014 FDI levels (or at most record minimal drop).
4. NOI would already have formulated a new fiscal policy within 1 month of GEJ's re-election as Co-ordinating Minister of Economy. Osinbajo has not being able to do same more than 18 months after election as head of the economic unit.
5. With that fiscal policy, our monetary policy will be in tandem with our fiscal policy, and it'd lead to more stable thorough economic decisions, rather than the flip-flop economic decision-making that this government is known for, because more than 18 months after being elected, we do not have a fiscal policy, not to talk of harmonizing fiscal and monetary policies.
6. Nigeria would not have had an administrative vacuum for 6 months in 2015.
7. GEJ would never have gone abroad to de-market Nigeria like Buhari did in 2015.

All the warnings and the austerity measures by NOI were to alert Nigerians to adjust. That is what sensible, qualified, liberal economies do. Kemi and her band of APC misfits did the exact opposite by saying all is well, only wailers are suffering, recession is just a word, Nigerians are overreacting. See where that got us?

Since 1999, oil price has fallen 3 times under 3 different PDP governments. All 3 governments were able to manage it without any negative growth EVERY SINGLE time. With that 100% record, there is no rational human being that wouldn't say Nigeria's economy had a hell of a lot more chance riding the 2013-2016 price drop under Jonathan than under a medically-, academically-, and intellectually-unfit ex-dictator and coupist who did not improve himself one bit in over 30 years outside Aso Rock.

Jonathan had his faults, like every body, but comparing him to Buhari is an ABOMINATION. Buhari should never have ruled Nigeria. Not in 1983, not in 2015. PDP tried their best to clean the mess he made in 1983-1985, and inflated by his comrades IBB and Abacha. God helps whichever party takes over after he is done with the mess he is creating now. And God forbid more APC comrades come after him like his military comrades in the 80's n 90's.

By the time they are done, Nigeria will have a new 4th-World category all to itself.

-Lord

Lol.. Na confirmed change be this one

TheGoodJoe:


Which one is controversial? You said the report debunked or you do not understand the term you used? The report did not debunk but supported Emir Sanusi.

A former governor of the Central Bank of Nigeria (CBN), Lamido Sanusi, has reacted to the recent audit report by PricewaterhouseCoopers on the alleged missing $20 billion oil money, saying the report has confirmed in the first instance that at least $18.5 billion was indeed missing.

http://www.premiumtimesng.com/news/182926-missing-20-bn-sanusi-faults-alison-madueke-says-audit-report-proves-at-least-18-5bn-lost.html

Now you know.

You are really naive my dear. When a body questions its own findings, it shows there are errors.

[s]

nduchucks:
The OP'S write-up smacks of profound ignorance of basic micro and macro Economics, monetary policy and other major factors which affect GDP, unemployment at the national level, and foreign exchange rates.

Understandably, it is difficult for most people to wrap their hands around N1 billion, let alone the hundreds of trillions of naira siphoned out of the coffers of the government of this great country.

The damage done by the last government in particular, will take much more than 2 years to repair. The sufferings of many Nigerians at this time is very unfortunate but unavoidable.

Insha Allah, by the time Buhari finishes draining the swamp, the next crop of leaders would build on a foundation which would also suffer from corruption, but manageable corruption.

[/s]





You don chop

TonyeBarcanista:

"god"Buhari is always kwarret

we prefer the corruption of less than 250m naira to 30tr naira.

ThinkSmarter:
he is not biased in any way, he listed the achievements and flaws of every administration from obj~yar~gej~pmb with statistics to back up his claims.
He totally analsed all the economic development in Nigeria from 1999 till date.
Remember these people wailing here re the same people that campaigned n voted for PMB in 2015.
Nigerians voted for CHANGE, stop giving them reasons and give them results.
The economy that obj melt z far worst than the economy handed over to PMB, yet obj never blamed the military, rather, he put mercenaries in place and piloted Nigeria to greatness.
The problem with PMB z that he dropped all the good economic blueprints of the past government cuz of sentiments, yet with no alternative plan, he view PDP as an enemy, not as a political opponent.
And most of the people he appointed were based on their contribution to his election, not based on their capacity.
The voice of the people z the voice of God.
If he continue giving excuses, #NigeriansWillDecide again come 2019, just like the way they decided in 2015.

...two years is too much to repair the mismanagement of 16years?
...two years is too much to disludge the terrorist caliphate in three state?
...two years is too much to recover $1trillion Dollar looted?
...two years is too much to reverse the counterfeiters imported products in to our country?
...is two years equal to 16 years?
answer me pls!

Nature8:
Lol.. Na confirmed change be this one

did you want continuity?

anonimi:


When one is a certified dullard who can't deliver on the yoyo promises that intoxicated the zombies to vote him in, then you resort to blaming everyone and everything else instead of admitting your incompetence and resigning.


www.nairaland.com/attachments/3403303_bruce_pngac5e04247d6bc83591bbe237085cb4b8



www.nairaland.com/attachments/3386584_img20160209151617_jpeged2361e0101fcbb510a35c3f0f40701e

where you go hide Mr anonimi.....

oyinkinola:

...two years is too much to repair the mismanagement of 16years?
...two years is too much to disludge the terrorist caliphate in three state?
...two years is too much to recover $1trillion Dollar looted?
...two years is too much to reverse the counterfeiters imported products in to our country?
...is two years equal to 16 years?
answer me pls!

Why do i always see people talking about Pdp & 16years mismanagement? Was Nigeria economy good b/4 PDP took over the government in 1999?
Did n't Obj do some work to get us on track to some extent?
The Op listed the achievement and failures of every asministration.
So what stop PMB from doing his own part? You mean we will keep on hearing "fighting corruption" till his 4yrs elapse?
He won't do anything againg other than blaming the past administration.
Common Nigerians lets be honest and call spade a spade otherwise we will keep suffering while are up there enjoying.

chisco82:

Why do i always see people talking about Pdp & 16years mismanagement? Was Nigeria economy good b/4 PDP took over the government in 1999?
Did n't Obj do some work to get us on track to some extent?
The Op listed the achievement and failures of every asministration.
So what stop PMB from doing his own part? You mean we will keep on hearing "fighting corruption" till his 4yrs elapse?
He won't do anything againg other than blaming the past administration.
Common Nigerians lets be honest and call spade a spade otherwise we will keep suffering while are up there enjoying.

...why can't you love those who talking of 16 years pdp mismagement and enjoy talking of two year of PMB mismanagement, is there no acheivement in PMB two years reign?

oyinkinola:

...why can't you love those who talking of 16 years pdp mismagement and enjoy talking of two year of PMB mismanagement, is there no acheivement in PMB two years reign?

Bros me i never hated anyone, and i always support whatever PMB does to better Nigeria, but im yet to see any single achievement of PMB. He can be working and still be fighting his corruption. I want to see all recovered loots being use but all i saw is they are looted again in their so called budget of corruption by the people surrounding him.
PMB should wake up and know that all those politicians and the same pdp that he claim destroyed Nigeria and keep his eye open on them.

TonyeBarcanista:
Is the President fighting corruption? Did he fight corruption as much as Obasanjo? What is he doing differently from the past administrations in terms of corruption?

Even Jonathan had to relieve Ms Stella of her appointment as minister when indicted for buying TWO CARS for N260 million, yet Baba couldn't shake body on Lawal despite indictment on spending N250million to clear GRASS.

He relieved her you say?

After how many months?

Maybe Buhari is also waiting for about a year to pass by before relieving his SGF.

Was Aruma Otteh relieved despite the allegations? Was Diezani relieved?

Maybe you need to read about how OBJ sacked Tafa Balogun, Prof Fabian Osuji, Chief Sunday Afolabi, to know the difference between relieving a corrupt minister/appointee of their office, not about a year later on another unrelated matter.

Even Stella Oduah would proudly tell you she was not laId off on any corruption allegation or indictment. The president simply just reshuffled his cabinet and dropped her long after the BMW that was never seen, long after her fake academic qualifications issue that had her quickly editing her previous academic profile.

Lastly, who was relieved of corruption and still became a senatorial candidate of the party of the same ruling government and regime that "terminated" their appointment due to corruption? Who was relieved of corruption and never had a criminal prosecution against him/her on that matter?

Answer is Stella Oduah, because she was never relieved of office owing to corruption.

Please don't piss on me and tell me it is raining.

oyinkinola:

...two years is too much to repair the mismanagement of 16years?
...two years is too much to disludge the terrorist caliphate in three state?
...two years is too much to recover $1trillion Dollar looted?
...two years is too much to reverse the counterfeiters imported products in to our country?
...is two years equal to 16 years?
answer me pls!

u re contradicting yourself.
But if I may understand d points u re trying to make.
But Obasanjo never complained that his 8yrs was not enough to clean up the mess of 35yrs military rule.
U should read the Op again comprehensively.
People like Ganduje of Kano, El Rufai of Kaduna, Wike of Rivers, Tambuwal of Sokoto, Ambode of Lagos re all in their 2yrs, yet there re not lamenting, rather they are putting mercenaries in place to drive their states forward.
Statistics don't lie, read the article again and compare the GDP, foreign reserve, growth rate Obj inherited from the military and what he left it with, Yar and GEJ continued in the same direction, though GEJ reduced the reserve below what he met due to the fact that he yielded to d governors demands.
PMB met about $30billion far higher than what Obj met.
He made a budget with oil bench mark of $30 per barrel, yet the barrel hv been appreciating to his advantage, he removed subsidy from petrol and gasoline, he recovered some looted funds, he blocked leakages with the introduction of single treasury acct, yet he hv nothing to show for all these parameters that re in his favour.
Rather, we re being plunged into recession, massive job loss, companies folding up, high inflation rate, low standards of living, massive depression and suicidal thoughts among the citizens, negative economic growth, no infrastructure.
The 2016 alleged budget of CHANGE hv gone with no significance, it was not even implemented up to 50%.
Where are the thousand housing units in the budget, where re the railways in the budget.
Admit that buhari z clueless, he lacked the Economics intuition, he don't even understand the terminologies of economics, he don't even know what is rule of law, separation of powers etc.
That's y it's good to be educated.
There is a different between being educated and being a literate.
Buhari z a literate that z fortunate to be elevated to the brim of power.
Note that I voted for this man with hope that he z going to move Nigeria forward with his campaign promises.
And nw my friends make mockery of me whenever we argue politics, cuz I hv absolutely nothing to justify to them that the govt z working.
His attitudes so far hv vindicated his critics prior to 2015 gen elections.

Odiegwu!!! Anyi ga la Canada

chisco82:

Bros me i never hated anyone, and i always support whatever PMB does to better Nigeria, but im yet to see any single achievement of PMB. He can be working and still be fighting his corruption. I want to see all recovered loots being use but all i saw is they are looted again in their so called budget of corruption by the people surrounding him.
PMB should wake up and know that all those politicians and the same pdp that he claim destroyed Nigeria and keep his eye open on them.

...you do hate PMB! if not, can you compare your investment with Dagote's? why?
through out 16 years of pdp the oil price ever fall below $50! and the productivity was never fall below 1,500,000 barels per day!
with all these , Nigerian no know peace!, $1trillion unaccounted for!
you may not better at everything and if at all you better at some you may not always lucky!
if Buhari manage to sanitize our institutions and bring the lost peace back, all Nigerian should praise him!
learn to love truth!

ThinkSmarter:
u re contradicting yourself.
But if I may understand d points u re trying to make.
But Obasanjo never complained that his 8yrs was not enough to clean up the mess of 35yrs military rule.
U should read the Op again comprehensively.
People like Ganduje of Kano, El Rufai of Kaduna, Wike of Rivers, Tambuwal of Sokoto, Ambode of Lagos re all in their 2yrs, yet there re not lamenting, rather they are putting mercenaries in place to drive their states forward.
Statistics don't lie, read the article again and compare the GDP, foreign reserve, growth rate Obj inherited from the military and what he left it with, Yar and GEJ continued in the same direction, though GEJ reduced the reserve below what he met due to the fact that he yielded to d governors demands.
PMB met about $30billion far higher than what Obj met.
He made a budget with oil bench mark of $30 per barrel, yet the barrel hv been appreciating to his advantage, he removed subsidy from petrol and gasoline, he recovered some looted funds, he blocked leakages with the introduction of single treasury acct, yet he hv nothing to show for all these parameters that re in his favour.
Rather, we re being plunged into recession, massive job loss, companies folding up, high inflation rate, low standards of living, massive depression and suicidal thoughts among the citizens, negative economic growth, no infrastructure.
The 2016 alleged budget of CHANGE hv gone with no significance, it was not even implemented up to 50%.
Where are the thousand housing units in the budget, where re the railways in the budget.
Admit that buhari z clueless, he lacked the Economics intuition, he don't even understand the terminologies of economics, he don't even know what is rule of law, separation of powers etc.
That's y it's good to be educated.
There is a different between being educated and being a literate.
Buhari z a literate that z fortunate to be elevated to the brim of power.
Note that I voted for this man with hope that he z going to move Nigeria forward with his campaign promises.
And nw my friends make mockery of me whenever we argue politics, cuz I hv absolutely nothing to justify to them that the govt z working.
His attitudes so far hv vindicated his critics prior to 2015 gen elections.

....stop being lie to yourself!
"He made a budget with oil bench mark of $30 per barrel, yet the barrel hv been appreciating to his advantage, he removed subsidy from petrol and gasoline, he recovered some looted funds, he blocked leakages with the introduction of single treasury acct, yet he hv nothing to show for all these parameters that re in his favour."
as an elite these are not resonable to you?

oyinkinola:

...you do hate PMB! if not, can you compare your investment with Dagote's? why?
through out 16 years of pdp the oil price ever fall below $50! and the productivity was never fall below 1,500,000 barels per day!
with all these , Nigerian no know peace!, $1trillion unaccounted for!
you may not better at everything and if at all you better at some you may not always lucky!
if Buhari manage to sanitize our institutions and bring the lost peace back, all Nigerian should praise him!
learn to love truth!

I Hate PMB? Your personal opinoin.
I'm not going to compare anything because if i do, for sure everyone will have a pass mark in atleast one area.
I will only ask you one achievement of PMB since 2yrs.
Is it not a shame to us that after 2yrs in the office with all budget allocation to the health sector that Mr president could not even get even aso rock clinic to a standard not to talk of Abuja national hospital.
He still embarks on medical trip abroad?
What is he going to tell the people there, that the hospitals in his country is not well equipt or that he could n't get them well equipt?

donJ2:


It is not called subsidy my friend. Solomon grandi

Subsidising dollar is when dollar is given at 160 to muslim pilgrims way below the the inter bank rate.

Sufficient dollar in our reserve strenghtens d naira, Truth, calling it subsidy is ignorant of you.

Since the tech is still in Nigeria, what is d current rate of rice, for Ur lame mind goodluck subsidised rice to make it N8000

Bro wer r u from Mars

...plz NLders I want to donate my eyes, Nothin left to see in 9ja

Oby Ezekwesili sounded the alarm bell in 2013: “Our reserve is depleted and our savings are squandered. Our nation is in trouble.”
She later stated: “The key FACT is that even by the time of that crisis when Soludo had to defend the Naira with our Foreign Reserve, he spent about $15b of it and still left behind about $45b when he departed as Central Bank Governor in 2009!!!
Now imagine that since that time oil prices have averaged between $95-$100 per barrel and we export an average of 750 million barrels per annum. How then can the Foreign Reserve only now be starting to grow back to the same size it was in 2009 after such hefty earnings of the last 4 years? The FG numbers do not add up at all and we need to know why!
The citizens need an explanation and that’s why I called for accountability. It is simply a patriotic call which should not result in the name calling by officials of government."

Hey bro just wanted to add, $15B was used to defend the naira so people can afford to get it cheap and as such it affects what people imported then unlike now that no cent is defending the naira which will impact on what is imported. Don't be too fast to reply just because you hate the man in the helms of affair. We all go to the same market with the thieves. One love!

chisco82:

I Hate PMB? Your personal opinoin.
I'm not going to compare anything because if i do, for sure everyone will have a pass mark in atleast one area.
I will only ask you one achievement of PMB since 2yrs.
Is it not a shame to us that after 2yrs in the office with all budget allocation to the health sector that Mr president could not even get even aso rock clinic to a standard not to talk of Abuja national hospital.
He still embarks on medical trip abroad?
What is he going to tell the people there, that the hospitals in his country is not well equipt or that he could n't get them well equipt?

...ok is there any acheivement above peace, No peace no development isn't it?
...with corruption there is no development, right?
what acheivement do you expect more than this in just two years?
should we be lucky to have hike price of oil today with the programm this government put in place, we are gone.

All I can say is God bless TonyeBarcanista. U continued to make real and unbias analysis on the state of affairs in the country. More grease to ur elbow

nduchucks:


Nigerians should be a bit patient is all I can say. Recent looting coupled by low oil prices and lack of adequate Export products are not helping, but we are moving in the right direction.

That alone can erode the confidence of the masses.

Bizibi:
where you go hide Mr anonimi.....

Nor be me hide oh. Na them hide me.

limeta:
[s][/s]


You don chop

I'd really like to see your point of view - could you please explain your objections to my post which you crossed out?

Additionally, kindly explain de tin wey I don chop.

vislabraye:


That alone can erode the confidence of the masses.

I hope you understand that by "recent" I'm referring to the past 10yrs.