Why Buhari Does Not Write Letters – Fashola - Politics (2) - Nairaland
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| Re: Why Buhari Does Not Write Letters – Fashola by ednut1(m): 6:14pm On Feb 10, 2019 |
Because he cannot write or articulate issues. |
| Re: Why Buhari Does Not Write Letters – Fashola by Alejob: 6:15pm On Feb 10, 2019 |
 |
| Re: Why Buhari Does Not Write Letters – Fashola by gurunlocker: 6:15pm On Feb 10, 2019 |
The job they didn't create in the last 4 years... |
| Re: Why Buhari Does Not Write Letters – Fashola by Larryomooba(m): 6:17pm On Feb 10, 2019 |
| Re: Why Buhari Does Not Write Letters – Fashola by greggng: 6:19pm On Feb 10, 2019 |
Obj should run away quickly cos the political lesson will affect him completely . Long letters won't save him from accounting for 16billion dollars failed power project 1 Like |
| Re: Why Buhari Does Not Write Letters – Fashola by snowball11(m): 6:23pm On Feb 10, 2019 |
The other day it was: "the reason he does not write books"; and now, it's letter! Wow,.......! So much for a dullardin!  |
| Re: Why Buhari Does Not Write Letters – Fashola by Nobody: 6:24pm On Feb 10, 2019 |
Amaechi is right then. Buhari doesn't read, he doesn't listen to non-hausa /Fulani and he doesnt write. |
| Re: Why Buhari Does Not Write Letters – Fashola by ODUNEWUWURA(f): 6:30pm On Feb 10, 2019 |
I wonder maybe this Mr President is truly educated. He doesn't behave like an educated military man |
| Re: Why Buhari Does Not Write Letters – Fashola by FEGNO: 6:46pm On Feb 10, 2019 |
Him fit? Person wey no know him own name!!!! |
| Re: Why Buhari Does Not Write Letters – Fashola by Barbilius: 6:46pm On Feb 10, 2019 |
Celebgistz1:This government sef, since 2015, they have been shouting about Mambila, and till date not a single block has been laid.. With all the noise they make, one would think they have completed it... Bunch of noise makers. |
| Re: Why Buhari Does Not Write Letters – Fashola by etrouble: 6:47pm On Feb 10, 2019 |
AtikulatedNaija: Lagos-Ibadan expressway is being constructed by your grandfather. Oyo-Ogbomoso express is being constructed by your grandmother. Ikorodu-Shagamu expressway is being constructed by Agbari Ojukwu the clown that ran to Ivory Coast and sacrificed over three millions of your fathers and mothers to the Yoruba and Fulani gods . |
| Re: Why Buhari Does Not Write Letters – Fashola by AlhajaChinyere: 6:48pm On Feb 10, 2019 |
AtikulatedNaija: Brother stop spreading ignorance. No Nigerian president can determine the dollar rate. Not even the British Prime minister or leaders of other economically powerful countries can do it. We do not produce ANYTHING to sell in the global market and our position is NEGATIVE because we are a consumer country importing everything. Our president (of a poor 3rd world country) cannot determine the Naira rate to the dollar. The best we can do is stabilise the rate with a certain range. Educate yourself! 1 Like |
| Re: Why Buhari Does Not Write Letters – Fashola by AtikulatedNaija: 6:55pm On Feb 10, 2019 |
etrouble:THERE UNCOMPLETED PROJECTS ,DON'T WORRY ATIKUOBI AKA MR JOBSSSSSSSS WILL COMPLETE THEM..... |
| Re: Why Buhari Does Not Write Letters – Fashola by Muscomide: 7:02pm On Feb 10, 2019 |
I've never been able to get my head around how supposedly intellectual Yoruba like Fashola (SAN), Akeredolu (SAN), Amosun, Ambode, Bisi Akande, Segun Osoba, Lai Mohammed, etc unreservedly support an incompetent, nepotistic bigot like Buhari. 1 Like |
| Re: Why Buhari Does Not Write Letters – Fashola by bigiyaro(m): 7:04pm On Feb 10, 2019 |
time ko tin ni! wey Dr brain to use write? |
| Re: Why Buhari Does Not Write Letters – Fashola by precious1967(m): 7:05pm On Feb 10, 2019 |
what is his qualification? olodo rabata |
| Re: Why Buhari Does Not Write Letters – Fashola by bigiyaro(m): 7:10pm On Feb 10, 2019 |
AlhajaChinyere:read this post well, he did not say buhari is supposed to determine the rate, but we both know that, the economy of a country has a direct impact on the exchange rate, and the state of the economy is a result of how wise or retarded the president is. |
| Re: Why Buhari Does Not Write Letters – Fashola by FLYFIRE(m): 7:10pm On Feb 10, 2019 |
ClassicMG:YES, HE IS DONE CRYING...HE HAS PASSED THE BARTON TO YOU TO BEGIN YOUR ONW CRIES FROM 16TH FAIL-BUHARI 1 Like |
| Re: Why Buhari Does Not Write Letters – Fashola by AlhajaChinyere: 7:40pm On Feb 10, 2019 |
bigiyaro: Educate yourself and those close to you so that you do not suffer endless disappointments. Foreign investors want to come to Nigeria simply to make money, and repatriate their dollars out. No more no less. They will give you a few jobs to fool the government and the people. if you like elect Usain Bolt as president so that he is super fast. Investors look at fundamentals and dollar reserves, they don't care about our local economic policies. Policies are just paper documents. Atiku should be scared because some sections of the population believe he would come in and create jobs and change the economy. He will FAIL because Nigeria have NOTHING to sell in the global market, so where are the jobs coming from? 1 Like |
| Re: Why Buhari Does Not Write Letters – Fashola by HeyCorleone(m): 7:43pm On Feb 10, 2019 |
ClassicMG: ClassicMG: If you will, let's have a civil discussion here. He's not crying. I think he's rather pointing out the fact that APC is just as guilty as what they accuse PDP of. What makes APC's own worse is that they claim a higher morality. For example, they are calling Obasanjo names now, deriding him and offering lampoons both online and in person. Yet this is the same Obasanjo they, I mean Tinubu and Oshiomole, praised in 2015 for supporting Buhari. Does it mean that at that time, they did not know that Baba was guilty of the things they now attack him for? Or because he identified with the APC then, he was automatically a saint? Same thing too with Atiku. The same Atiku they thanked in 2015 for donations, is the one they know is corrupt today. How can such a party claim to have integrity? |
| Re: Why Buhari Does Not Write Letters – Fashola by jpphilips(m): 7:51pm On Feb 10, 2019 |
IS BUHARI TRULY RESPONSIBLE FOR OUR ECONOMIC WOES? A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance? Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered. Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth. What are the effects of crude shock in oil producing developing economies? Forex scarcity: Most developing economies whether oil producing or not, depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession. Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession. Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford. In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation. Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency. Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate. The local currency is allowed to float along a band the cbn thinks may not be too hurtful on the economy. Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages. Okonjo iweala then finance minister and coordinator of the economy actually warned Nigerians in 2014 long before buhari came that the level of mismanagement will bring hunger to us, read here: https://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html If okonjo iweala saw this hunger in 2014, warned us about it, how can a sane person accuse buhari of bringing hardship? Between 2015-2017, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone? The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves, It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings). Permit me to take you down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS. This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that came the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings. Global economic meltdown is worse than crude shock because in a meltdown, major economies are affected, capital flight becomes common in developing economies, crude oil customers reduce demand thereby pushing prices lower, the saddest part is that no country has money to borrow anyone during global meltdown, yet Nigeria Survived it with Soludo's brilliant strategy. A strategy that was blatantly refused by the previous administration when suggested by Iweala, recall that Iweala worked with Soludo in that NEEDS team. Fast forward to 2015, Three out of the top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $194b in a $156.1b economy (122% of GDP in savings).You can see that the Robust reserve of Algeria was their savior in this modern crude oil shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time (3.8% of GDP), that amount is not even enough to pay for imports let alone absorb global shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings? Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg They not only devalued their currency, they equally allowed it to float like Nigeria's Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago. The kwanza fell 11 percent to 187.95 per dollar by 3:35 p.m. in Luanda and depreciated 10 percent to 221.75 against the euro. The move came a day after the central bank allowed the currency to weaken in its first auction of foreign exchange since announcing it would end a dollar peg that’s been in place since April 2016.....Bloomberg Borrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/ Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016. https://tradingeconomics.com/angola/unemployment-rate Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday. Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously. Poverty in Angola According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million. I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria saved a whooping $194b when the going was good, as such its economy was immune to crude shock. Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014. Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014. My country men, you can see that this suffering was brought upon us by mismanagement by the same people that are warming up to continue from where fate has left us, if buhari had $100b in our foreign reserve in 2015, we wont be hungry today, we wont lose our jobs, we wont lose our manufacturing industries, this is the truth that shall set us free! Some even blamed it on Avengers attack of 2016 Niger delta avengers was a non issue, if you noticed, I expunged them from my initial analysis, here is why; We were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock. If Avengers did not strike, OPEC would have asked us to cut production to boost prices, read: https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years So Avengers or any form of production cut at the time was a non issue. OPEC gave us production cut waiver because Nigeria has already declared force-majore in most of its crude oil export channels. Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow? The vice president being the economic manager of the country Launched the ERGP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks once again, not just crude shocks alone. (Algerian model) The moment that money crossed $40b mark, forex shortages disappeared, importers stopped complaining, manufacturers stopped complaining of dollar scarcity, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy, inflation immediately responded to the potency of the ERGP from 18.8% in 2017 to 11.23% in 2018. This reserve will boost investors confidence that the economy is liquid enough for profit repatriation, that is how the jobs will return, job creation is private sector driven, not govt. Among the three oil dependent economies in Africa that landed in recession within the same period, Nigeria was the first to exit recession, that was historical & mind blowing, despite fighting terrorism and with a massive population, we did it first before any other country. By Blocking loopholes Our Federal allocation that used to be a misery 311b naira in june 2016 is between 600-700b naira in presently. This volume if held steady will continue providing liquidity that will surely inflate the economy. Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects, rightly put, the economy is being diversified towards gas. (Russian model) https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/ As you can see here, Manufacturing is gradually expanding, next will be jobs returning on its own https://www.thisdaylive.com/index.php/2018/07/08/cbn-at-57-0-pmi-manufacturing-sector-expanded-in-june/amp/ We don't need Atiku's stealing to truncate an economic process already in recovery. In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity. Buhari is like a mechanic that was given a car to fix, only for the car owner to accuse him of being the problem of the car when he is yet to fix anything. We shall never go back to past governments whose inaction landed us in this mess in the first place. leadership in the past that we tasked to privatize our establishments, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished? Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners? Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lies peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku, we cant move from Abacha loot to Atiku loot at this perilous time. Fraudulent Leadership that wants to sell 90% of NNPC robbing us of 74% of our forex needs, Leadership that wants to spend $90b annually building infrastructures when Nigeria earns less than $30b annually. It will be very dangerous and retrogressive to have a leader that is in bad terms with the international community, remember that the united states is the Fulcrum of our war against insurgency, one will argue that if America doesn't sell arms to us we go to Russia, the world works differently now under Donald trump, ask yourself, why did Jonathan not go to those people when America sanctioned him under the Leahy's ban? Yet he sat idly and watched Boko haram slaughter tens of thousands eventually took LGA's? American ban is as good as a global ban, recall how South Africa seized funds Jonathan wanted to use for arms purchase, please dont ask me what is South Africa's business with a US ban, that is how the world works. In 2017, the US congress passed a law called Countering America's Adversaries Through Sanctions Act, CAATSA to promote the America first agenda while sanctioning countries that do business with American's enemies. If Atiku (God forbid) becomes the president as much as thinks about going to Russia for help, Nigeria will end up in CAATSA web, and that is when the true Hunger will manifest. Can you live under a US sanction like North Korea and Iran? can you live with a Boko haram that is out of control? A boko haram that once bombed Abuja for fun but Today the once Almighty Shekau is in hiding? what about other support we get from the US like the USAID? free immunization? Polio prevention? HIV and AIDS vaccines? Machinery and oil and gas technologies etc? are you willing to throw away all these because of a criminal whose greed led him to commit atrocities in the United states or hate for Buhari that is built on lies? When faced with these realities, Atiku will never achieve anything, rather he will steal what we have left and disappear like he did in the US. May God help us!! Watch Peter obi summarize this analysis https://twitter.com/i/status/1058007016810123264 2 Likes |
| Re: Why Buhari Does Not Write Letters – Fashola by colestephan86: 7:56pm On Feb 10, 2019 |
Celebgistz1:I can predict that there will certainly be more jobs,reason being that most of the roads will be completed , rail lines will be ready and currently there has being an improvement in power supply. Take for instance since the reduction in importation of used vehicles, the factory I work fabricated more than 300 flatbed trailers last year alone. That proves that's more will come and some more businesses will thrive and grow steadily. 1 Like |
| Re: Why Buhari Does Not Write Letters – Fashola by tobby98: 8:27pm On Feb 10, 2019 |
ClassicMG:Give it to Akpabio mehn! 100 billion.... That's the kind of theft that when you are caught people will praise you for a job well done ...his mother and family would be proud of him.. little wonder he jumped ship asap to be eventually declared a saint by the biggest scam in Nigeria history Buhari.... But those who stole 250 million etc...i pity them.money go finish untop litigation |
| Re: Why Buhari Does Not Write Letters – Fashola by tobby98: 8:31pm On Feb 10, 2019 |
colestephan86:Shut up bro.. which kind analysis you used to predict or which quality of forensics do you used... just trying to get attention from the Undecided voters... Buhari has gone senile and clearly not in charge again.. let him go home he has tried. he has fought corruption let Atiku come and fight Poverty |
| Re: Why Buhari Does Not Write Letters – Fashola by DeepNuggets: 8:44pm On Feb 10, 2019 |
AtikulatedNaija: Well done, hope you wake up soon tho |
| Re: Why Buhari Does Not Write Letters – Fashola by joyfullyjoyous(f): 10:24pm On Feb 10, 2019 |
Fashola should please contest for presidency come 2023. |
| Re: Why Buhari Does Not Write Letters – Fashola by colestephan86: 10:49pm On Feb 10, 2019 |
tobby98:Your opinion doesn't matter to me, n I doesn't matter to me what u think. All I know is people are more engaged now in the field of steel construction and fabrication than before. |
| Re: Why Buhari Does Not Write Letters – Fashola by Romneygk: 1:57am On Feb 11, 2019 |
This Fashola man is mad with those words. |
| Re: Why Buhari Does Not Write Letters – Fashola by bigiyaro(m): 8:27am On Feb 11, 2019 |
AlhajaChinyere:chairman, just calm down, i can see you are just blinded by bigotry and hatred, please read my post again, I just said the economic performance of a country reflects the brilliance or dullness of the president. I don't give a fvck about atiku or the lifeless dullard of daura. if buhari is putting food on your table, that is your cup of tea, at the end of the day its the majority by God's grace and mercy that will carry the day. please don't forget to educate yourself and your family. |
| Re: Why Buhari Does Not Write Letters – Fashola by AlhajaChinyere: 12:51pm On Feb 11, 2019 |
bigiyaro: That's pure bullcrap. It depends on the economic strength of the country nothing to do with the president's brilliance or dullness. Nigeria is known only for selling oil (dug from the ground by foreign companies), in other words 180m practically useless unproductive people. That is why poverty is a reality for over 95% of the population. Sadly that is not going to change until we become 'productive'. |
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