Buhari has a proven track record of almost stamping out corruption during his tenure as head of state.

Bakare has been a pastor who has shown he truely cares for the nation.

Buhari reduced inflation to 5% in just 1.5 years

Buhari has a proven track record of almost stamping out corruption during his tenure as head of state.

Bakare has been a pastor who has shown he truely cares for the nation.

Buhari reduced inflation to 5% in just 1.5 years

and these three irrevalant reasons justifies the reason why we should vote for a man who recently adviced us to kill during the election. if he can kill cos of rigging then I can Imagine the extent he can go in stamping out corruption. EXTREMIST!

Stamping out corruption is irrelevant?

Buhari stamped out corruption in hos last tenure and he killed no body - he gave lengthy jail sentences.


So you are in favour of rigging elections
BTW Buhari never asked anybody to kill elections riggers - stop misrepresenting the facts

Oh, has he claimed to be misquoted or you are doing that for him? maybe I don't understand English but, what is the difference btwn lynch & Kill?

Provide proof that he told anybody to kill elections riggers?

Personally I believe they should be dealt with severely

Why should they be rigging elections ?

Rigging elections is no be small ting ooh!!!

Do you know amount of people that would be killed as an indirect result of rigging elections that would result in the wrong / bad government ?

April polls: Lynch anybody who attempts to rig, Buhari tells Nigerians

From AIDOGHIE PAULINUS, who was in Kaduna

Thursday, March 03, 2011




General Mohammadu Buhari (retd), former Head of State and Congress for Progressive Change (CPC) has told Nigerians to “lynch” anybody who attempts to rig the April polls.
“You should never leave polling centres until votes are counted and the winner declared and you should lynch anybody that tries to tinker with the votes,” Buhari told a large crowd of supporters.

Buhari, a third-timer, who spoke at the North-West flag off of then CPC campaign in Kaduna, said he was on a rescue mission
“I submit that in the affairs of man, it is only God that can determine history and ordain destiny. In my own case, it is destiny that threw me up to serve as the Head of State of this great country at that particular moment of our national history.

“I would say with all humility that I dutifully accepted all the challenges and responsibilities of Head of State and Government. Whatever role I played, whether as leader or member of government, all my decisions and actions were always guided by a clear conscience,
“My conscience constantly guided me to treat everyone and every group in the country with fairness and equity. That is why I can stand before Nigerians here today and hold my head high, knowing that I am ever ready to face any scrutiny or answer any question regarding my past performance as a public figure. I am always ready to give account of my past records to the Nigerian people.”

Buhari further said it was his firm belief that the flag-off was not about the past, rather, an engagement that reflects on the future of Nigeria. “We are today facing an uncertain future in an uncertain world. It is vital Nigerians make the right choice about who would look after them in the next four years.
“, I consider myself to be on a rescue mission. Never before have we seen such bad leadership in our national life. The country’s life is literally falling apart on all fronts-on security, in education, on the economy, in healthcare system and youth employment. Many critical observers have begun to list Nigeria among the failed states of the 21st century,” Buhari said.

Commenting on the role played by the Peoples Democratic Party (PDP) in the nation’s affairs in the past 12 years, Buhari said: “We are internationally recognized for corruption, inefficiency, business uncertainty and infrastructural decay. “For 12 years, the PDP government has failed to tackle all these problems in spite of the resources at their disposal. We can and we must reverse these trends.” He said the first step to achieveing that was for Nigerians to vote PDP out. “They are finished. They have passed their sell-by date,” he declared.

Speaking further, Buhari said: “Why should our economy be left to operate on individual power generating sets? If their aspiration to govern Nigeria for the next 60-200 years is pure, why are they unable to guarantee something as fundamental and basic as security of life and property? “Where was the PDP led government when what started as occasional incidents of kidnapping degenerated to the embarrassing dimension of an incorporated evil business? Does it matter to this administration that insecurity has compelled many potential foreign investors to drop Nigeria from their list?

“Should we continue to vote the same people who have presided over the decline in quality of life in Nigeria for the last 12 years?’

“Shamefully, these people are openly canvassing a desire to rule Nigeria for 60 or 200 years. Nigerians must reject these political zoo keepers and stop them in their tracks. And stop them now. During the last 12 years, they have almost transformed Nigeria into the proverbial animal farm where sycophants dominate both the airwaves and print media,” Buhari said.

http://www.sunnewsonline.com/webpages/news/national/2011/mar/03/national-03-03-2011-013.htm

you want proof? where have you been? as regards ur opinion on the killing, I am not disappointed, u r a true follower. Birds of a feather

I do not see any where that he said to kill election riggers.

Why did article put the word lynch in quotation marks? It is usually a sign that Buhari never used the word lynch, it is clear sign of deliberate misrepresentation.


Buhari actually reduced inflation to 4% in 1.5years

the word "Lynch" was put in quotation to lay emphasis and in case u don't understand the meaning of the word "Lynch", then I don't know where I can meet you to borrow you my dictionary.

Nobody uses quotation to lay emphasis.

Certainly no professional journalist who is doing an impartial reporting would feel the need to lay emphasis in any part of the report.

They would just report things as it was said.

The article is discredited because of this fact.

The best proof is a video of Buhari saying those words.

Buhari left the country

Naira so strong that 1N fetched 1$

assme:

the word "Lynch" was put in quotation to lay emphasis and in case u don't understand the meaning of the word "Lynch", then I don't know where I can meet you to borrow you my dictionary.

Below is a link to the original text of Buhari's speech at the Kaduna campaign. You will agree with me that this should be more authentic than whatever any mischievous news reporter pens down. Abeg make you point out the word lynch from the speech. The full text is as given in the PDF file which is downloadable from the link below.
http://buhari4change.com/?p=806

These are the reasons I've always stuck with Buhari's candidacy!

"In 2011, GMB is not alone. He's supported by a team of volunteers online and offline who never voted for him before.
We didn't vote for him, because we didn't know.
We didn't know that he supervised and birthed our only existing refineries.
We didn't know that what he did in road construction while in the PTF hasn't been matched by 12yrs of the PDP, even though some claimed they were lopsided.
We didn't know that in his time as head of state he reduced inflation from 23% to 4%, by fiscal discipline and a homegrown economic team (not achieved under any other era, even military).
We didn't know that there was no religious crisis while he led.
We didn't know that JJ Rawlings of Ghana took over 2yrs before him, and killed all the corrupt leaders, while GMB merely gave his own, long-term jail sentences.
We didn't know that the hospitals and universities around the country never witnessed as much benefits they got from the PTF from any government after or before his time.
We did not know, that this man despite serving in senior capacity in the oil sector, has no petrol station, much less a rig, refinery or
an oil block like so many of our leaders.
We never voted him, because we did not know.

But now we know,
We know that he has followership in the north that money can't buy.
We know that those who follow him are poor, and follow him out of hope and belief in his values.
I have met old men who know him, who have said. . ."All I need from Buhari is his word, I can take it to the bank".
Now we know that here is someone that has been in everything to make him an IBB or Danjuma, but didn't take that road.

We feared he was an Islamic fundamentalist, but he challenged us to provide any human being who can point at anything he did to show that.
Now we know, that it's about the values. . .
The only former head of state that does not own a house in Abuja .
Educate someone today!See More"

GenBuhari:

Buhari left the country

Naira so strong that 1N fetched 1$

It was 25k to $1 before he came

agabaI23:

It was 25k to $1 before he came

That's not true. You need not lie to make a point.
Visit the link below to view the historical trend of Naira against the US dollar.
http://en.wikipedia.org/wiki/Nigerian_naira

agabaI23:

It was 25k to $1 before he came

Lier!!!! - Political Ogbuefi.
(This is the hallmark of your campaign)

Based on your link your friends submission was also wrong. He left the exchange rate higher than it was when he came in.

egift:

Lier!!!! - Political Ogbuefi.
(This is the hallmark of your campaign)

You can be civil with your argument though it is an option.

agabaI23:

Based on your link your friends submission was also wrong. He left the exchange rate higher than it was when he came in.

You got caught pants down and the best you could do was to reference the post of someone else. That's absolutely ungentlemanly. By the way he said it was $1 to =N=1. It was actually $1 to 0.894 kobo.

In fact that increase must have been recorded when IBB came in. Buhari was ousted in August of '85. The article below buttresses my point.
http://dailytrust.dailytrust.com/index.php?option=com_content&view=article&id=12518:imfs-deadly-naira-devaluation-poison&catid=8:letters&Itemid=17

We know you are routing for GEJ, but you need not lie to make your point. You called for civility yer you act the exact opposite in your conduct. It's acts of indiscipline as this that has destroyed our nation and brought us to where we are today.

9ijaMan:

You got caught pants down and the best you could do was to reference the post of someone else. That's absolutely ungentlemanly. By the way he said it was $1 to =N=1. It was actually $1 to 0.894 kobo.

In fact that increase must have been recorded when IBB came in. Buhari was ousted in August of '85. The article below buttresses my point.
http://dailytrust.dailytrust.com/index.php?option=com_content&view=article&id=12518:imfs-deadly-naira-devaluation-poison&catid=8:letters&Itemid=17

We know you are routing for GEJ, but you need not lie to make your point. You called for civility yer you act the exact opposite in your conduct. It's acts of indiscipline as this that has destroyed our nation and brought us to where we are today.

God bless you my brother for saying the truth as it should.

9ijaMan:

You got  caught pants down and the best you could do was to reference the post of someone else. That's absolutely ungentlemanly. By the way he said it was $1 to =N=1. It was actually $1 to 0.894 kobo.

In fact that increase must have been recorded when IBB came in. Buhari was ousted in August of '85. The article below buttresses my point.
http://dailytrust.dailytrust.com/index.php?option=com_content&view=article&id=12518:imfs-deadly-naira-devaluation-poison&catid=8:letters&Itemid=17

We know you are routing for GEJ, but you need not lie to make your point. You called for civility yer you act the exact opposite in your conduct. It's acts of indiscipline as this that has destroyed our nation and brought us to where we are today.

There was no intention to lie actually the exchange I quoted was not researched. I have heard that from several sources. However, your link seems more credible and I did not insist on my submission.

What is ungentlemanly about pointing out a a discrepancy?  My original post was contending the authenticity of his claim and I am still not out of line albeit the wrong figure I posted.

When he took over, it was ~ 0.7. .
when he left it was ~0.9

How could you exonerate him from the rise when it became a criminal offence to be seen with a foreign currency?
The scarcity of foreign currency he created was the reason for the depreciation.

@ agabaI23:
If I write now you will get offended. A simple apology for the lie you posted earlier. But for where!

egift:

@ agabaI23:
If I write now you will get offended. A simple apology for the lie you posted earlier. But for where!

Did you read my last post?

You can write if you want. This is free a world and you are free to communicate however you want.

He took over when 31st Dec 1983  (Which is 1984 ) and exchange rate then was N 0.77 = 1 $  with  Naira depreciating fast with great momentum.

After just 1.5years in power  it was still N 0.89 = 1 $ when he left, so there was a slight depreciation but this is negligible considering that there was depeciation momentum from when he took over that had  to be arrested.

Now lets look at how other subsequent governments performed on our exchange rates since Buhari was overthown?

Buhari left exchange rate of    N1 = 1$   (which IBB inherited.)

IBB left office                         N18 = 1$ 

Abacha left office                   N22 = 1$

OBJ left office                    N125 =  1$      Hail OBJ,  Hail PDP  

Yara Dua left office                N171 = 1$

http://en.wikipedia.org/wiki/Nigerian_naira

Thank IBB (started killing us)  and his friend OBJ (finished us off - even with record oil prices) for our current predicament 

Both IBB an OBJ are PDP god fathers.

agabaI23:


When he took over, it was ~ 0.7. .
when he left it was ~0.9

How could you exonerate him from the rise when it became a criminal offence to be seen with a foreign currency?
The scarcity of foreign currency he created was the reason for the depreciation.

roflmao

agabaI23:

There was no intention to lie actually the exchange I quoted was not researched. I have heard that from several sources. However, your link seems more credible and I did not insist on my submission.

What is ungentlemanly about pointing out a a discrepancy?  My original post was contending the authenticity of his claim and I am still not out of line albeit the wrong figure I posted.

When he took over, it was ~ 0.7. .
when he left it was ~0.9

How could you exonerate him from the rise when it became a criminal offence to be seen with a foreign currency?
The scarcity of foreign currency he created was the reason for the depreciation.

Chief I thought my original reply to you would make you do a bit of extra research. I laid the basis for you to do additional findings and then make your point with facts. Below is a news paper article stating precisely the exchange rate between $1 and the Naira.
http://thewillnigeria.com/opinion/4759-THE-IBRAHIM-BADAMASI-BABANGIDA-SAGA.html

According to that article, $1 exchanged for 0.765 Naira (or 76.5 kobo) when IBB took over on the 27th of August 1985. Admittedly Buhari may have met the dollar exchanging at 72.4 kobo when he took over (but it can as well be said that he met $1 at 0.765 Naira, 'cos he came in on the last day of 1983, which is essentially 1984). It should be noted however that the naira was bound to drop at least due to the political unrest which may have originally been stirred by the military take over. But Buhari kept it constantly at 0.765 Naira (76.5 Kobo) to $1 throughout his tenure.

These evidences debunks your argument that the absence of hard currency contributed to the drop in the value of Naira. In reality the Naira practically did not drop in value compared to the US dollar when Buhari led the nation.

I'll join egift to solicit your apology to the OP, 'cos you have not only lied but slandered against the person of Buhari. At least you'll prove to be a different breed from the regular GEJ supporter!

@assme
Ok let's assume he asked us to "lynch". Won't you as a patriotic citizen do it for the below reasons:
‎​Riggers are afraid to die but they are never afraid to rig themselves into office, bribe judges to legitimise rigging, kill innocent Nigerians with years of ineptitude, stealing, looting, cluelessness, send many to early grave with the state of our health units, sending their children to exclusive private schools whilst they kill the hope of millions of children. Rigging is Treasonable Felony against the People. If you Rig Write Your Will. You have pushed Nigerians to the wall it is PUSH BACK TIME!

It is up to us.

9ijaMan:

Chief I thought my original reply to you would make you do a bit of extra research. I laid the basis for you to do additional findings and then make your point with facts. Below is a news paper article stating precisely the exchange rate between $1 and the Naira.
http://thewillnigeria.com/opinion/4759-THE-IBRAHIM-BADAMASI-BABANGIDA-SAGA.html

According to that article, $1 exchanged for 0.765 Naira (or 76.5 kobo) when IBB took over on the 27th of August 1985. Admittedly Buhari may have met the dollar exchanging at 72.4 kobo when he took over (but it can as well be said that he met $1 at 0.765 Naira, 'cos he came in on the last day of 1983, which is essentially 1984). It should be noted however that the naira was bound to drop at least due to the political unrest which may have originally been stirred by the military take over. But Buhari kept it constantly at 0.765 Naira (76.5 Kobo) to $1 throughout his tenure.

These evidences debunks your argument that the absence of hard currency contributed to the drop in the value of Naira. In reality the Naira practically did not drop in value compared to the US dollar when Buhari led the nation.

I'll join egift to solicit your apology to the OP, 'cos you have not only lied but slandered against the person of Buhari. At least you'll prove to be a different breed from the regular GEJ supporter!

year  rate
1973 0.66 - n.a - n.a
1974 0.55 -20.0 n.a - n.a
1980 0.55 0.0 0.90 - 63.6
1982 0.67 17.9 1.14 21.1 70.1
1984 0.76 11.8 3.25 64.9 327.6
1985 0.89 14.6 3.79 14.20 325.8
1986 2.02 55.9 4.17 9.1 106.4
1987 4.02 49.8 5.55 24.9 38.1
1988 4.54 11.5 6.05 8.30 33.3
1989 7.39 38.6 10.55 42.7 42.8
1990 8.04 9.3 9.61 -9.8 19.5
1991 9.91 18.9 13.04 26.3 31.6
1992 17.30 42.7 20.03 34.9 15.8
1993 22.05 21.5 36.23 44.7 64.3
1994 21.89 -0.7 59.79 39.4 173.1
1995 81.20 73.0 59.79 39.4 3.1
1996 81.20 0.0 83.09 -0.7 2.3
1997 82.00 1.0 85.00 2.2 3.7
1998 84.00 2.4 87.90 3.3 4.6
1999 93.95 10.6 99.20 11.4 5.6
2000 102.10 8.0 112.00 11.4 9.7
2001 111.93 8.8 132.36 15.4 18.3
2002 121.0 7.5 137.42 3.9 19.1
2003 129.3 6.4 n.a n.a n.a
2004 133.5 3.1 n.a n.a n.a
2005 131.1 -1.8 n.a n.a n.a
http://www.cenbank.org/OUT/PUBLICATIONS/BULLION/GOV/2007/BULL%20JUL-SEPT06.PDF

This is taken from central bank report.

And the value there corresponds to your earlier value from Wikipedia.  The authority of this overrides those from your newspaper articles.
Do not try to make Buhari what he is not to score political point.

There were two 'policies' under Buhari which actually affected the exchange rate at the time.

1. The banning of foreign currency
2. The changing of the naira notes.

The first one devalued the naira because of the scarcity of the foreign currencies while the second one created scarcity of naira which should have increased the value of naira.

Both of these measures were artificial and were not sound economic policies.
Unfortunately the effect of the second policy was not strong enough to counter the effect of stifled forex flow  so the
value of the naira kept depreciating.

There is no way you can explain that away.

The value of the naira when he took over was 0.72 to a dollar which you accepted and when he left office, it was  0.89. That was 36.4% depreciation from when he took over and he could not do anything about it with his draconian policies.

I support GEJ because he is the all round best amongst the lot.
He has clear road maps which BB does not have except for his flawed claim to sainthood. I read through his Kaduna campaign speech and there were no clear solutions. Everything was vague! There was no road map on how to tackle all the issues he raised. He was able to point out the problems like all of us can but he ended up criticising PDP without proffering any solutions.

Instead of apologising to you, I will thank you for informing me.
I did not blaspheme BB, the over all context was that the Forex depreciated under his regime and that has not changed.

agabaI23:

year  rate
1973 0.66 - n.a - n.a
1974 0.55 -20.0 n.a - n.a
1980 0.55 0.0 0.90 - 63.6
1982 0.67 17.9 1.14 21.1 70.1
1984 0.76 11.8 3.25 64.9 327.6
1985 0.89 14.6 3.79 14.20 325.8
1986 2.02 55.9 4.17 9.1 106.4
1987 4.02 49.8 5.55 24.9 38.1
1988 4.54 11.5 6.05 8.30 33.3
1989 7.39 38.6 10.55 42.7 42.8
1990 8.04 9.3 9.61 -9.8 19.5
1991 9.91 18.9 13.04 26.3 31.6
1992 17.30 42.7 20.03 34.9 15.8
1993 22.05 21.5 36.23 44.7 64.3
1994 21.89 -0.7 59.79 39.4 173.1
1995 81.20 73.0 59.79 39.4 3.1
1996 81.20 0.0 83.09 -0.7 2.3
1997 82.00 1.0 85.00 2.2 3.7
1998 84.00 2.4 87.90 3.3 4.6
1999 93.95 10.6 99.20 11.4 5.6
2000 102.10 8.0 112.00 11.4 9.7
2001 111.93 8.8 132.36 15.4 18.3
2002 121.0 7.5 137.42 3.9 19.1
2003 129.3 6.4 n.a n.a n.a
2004 133.5 3.1 n.a n.a n.a
2005 131.1 -1.8 n.a n.a n.a
http://www.cenbank.org/OUT/PUBLICATIONS/BULLION/GOV/2007/BULL%20JUL-SEPT06.PDF

This is taken from central bank report.

And the value there corresponds to your earlier value from Wikipedia.  The authority of this overrides those from your newspaper articles.
Do not try to make Buhari what he is not to score political point.

There were two 'policies' under Buhari which actually affected the exchange rate at the time.

1. The banning of foreign currency
2. The changing of the naira notes.

The first one devalued the naira because of the scarcity of the foreign currencies while the second one created scarcity of naira which should have increased the value of naira.

Both of these measures were artificial and were not sound economic policies.
Unfortunately the effect of the second policy was not strong enough to counter the effect of stifled forex flow  so the
value of the naira kept depreciating.

There is no way you can explain that away.

The value of the naira when he took over was 0.72 to a dollar which you accepted and when he left office, it was  0.89. That was 36.4% depreciation from when he took over and he could not do anything about it with his draconian policies.

I support GEJ because he is the all round best amongst the lot.
He has clear road maps which BB does not have except for his flawed claim to sainthood. I read through his Kaduna campaign speech and there were no clear solutions. Everything was vague! There was no road map on how to tackle all the issues he raised. He was able to point out the problems like all of us can but he ended up criticising PDP without proffering any solutions.

Instead of apologising to you, I will thank you for informing me.
I did not blaspheme BB, the over all context was that the Forex depreciated under his regime and that has not changed.

Why are you hell bent on peddling falsehood. You are stubbornly defending a stance that you have failed to provide evidence for. The figures shown in the CBN document in the link you posted showed the exchange rate on a yearly basis without specifically mentioning the months. Buhari came in on the 31st of Dec. 1983 (this can easily be taken as 1984). According to the CBN document, the exchange rate was 0.76 Naira to $1 in 1984 which is very much consistent with the data I provided earlier.
Buhari was ousted on the 27th of August 1985 and the news article confirmed that the exchange rate on that day was 0.765 Naira to $1 dollar. How on earth you came up with 34% depreciation befuddles me. I wonder the sort of school you attended that makes you think exchange rate is a static value which remains the same from the 1st of January to the 31st of November.

Can't you for once in you lifetime be truthful? There is really nothing civil about you blind argument. No one is scoring political points for Buhari. Apparently you are the one who's trying to justify your prevarication. You lied and it was pointed out to you. The best you can do is to apologize else you simply keep mute.

Continuing this way will only further expose your awful ignorance.

I'm glad I forced you to work your brains a bit. At least for the first time a GEJ supporter is forced to exhume evidences and facts from the internet. My disappointment is just that you still wanted to twists the facts! You can proceed in your ignorance and do not think you can fool people by peddling half truths and outright falsehood.

Which is better, "lynch riggers" or "Rig and Roast" (remember ekiti 2010).

I am not peddling any falsehood.
Your source said that his source is central bank website. I quoted for you what is written in central bank website but you rejected it for an article published in TheWill.

If you cannot get an authentic source for me, then it means your article misquoted. or deliberately used the lower figure because he was trying to put IBB in a bad light.

Can you please get me the source where it was stated that the exchange rate on 27th August, 1985 was 0.765?
The foreign reserve of Nigeria depreciated from 6months import allowance in 1980 to just 2 months at the end of 1985
Moser et al

The exchange rate as at that time was expressed as nominal effective exchange rate (import-weighted basket of currencies) a method very different from the market determined exchange rate used today.
Therefore the exchange rate for a month is the average of the daily exchange rates which in turn was determined by the import vs export ratio of in seven currencies in the weighted basket. It is very clear from the link above and many other sources that Nigeria was importing more than it was exporting which was the reason why the foreign reserve was depleted reflecting huge reduction in govt savings. How could the exchange rate be stable in that condition.

's[b]hort-run fiscal stabilization measures and quantitative trade controls dominated the adjustment efforts, while underlying economic and financial condition continued to worsen'- moser
[/b]
In other words, Buhari did not do any thing economical. His economic policies like I said before were artificial and physical and had no effect on the countries economy.

In this thread https://www.nairaland.com/nigeria/topic-605263.0.html

You argued with your cronies that Buhari was responsible for the 5% inflation in 1985 even though he left office in August. You did not look for the inflation figures per month. You argued that 4 month was not enough to reduce inflation but now you think that 4 months was enough to shoot up exchange rate. You want us to believe that the effect of 4 months exchange rate would have significantly influenced the overall average. May be you provide evidence
to convince me also if you are not being biased in your analysis.

As to how a I came about the % depreciation which should have been 26.4% not 34% is very clear on the table.
He recorded 11.6% depreciation in 1984 and a further 14.6% in 1985. Add that together general.

@agabaI23,
Did u miss my last post? I wrote the following:

Buhari took over when 31st Dec 1983  (Which iwe should call 1984 ) and exchange rate then(1984) was N0.77 = 1 $  with  Naira depreciating fast with great momentum left over from Shagari's government.

After Buhari was overthrown, it was still N0.89 = 1 $ when he left, the slight depreciation was negligible considering that there was depeciation momentum from when he took over that had  to be arrested.

This was only a  very small 15.6% depreciation  considering the depreciation momentum left by Shagari and that Buhari had spent his first few months paying off debt left by Shagari.

Buhari left exchange rate of    N1 = 1$   (which IBB inherited.)  Depreciation  16%


Lets look at depreciation under tenor subsequent leaders.

                                                                                                                    %  Depreciation

IBB left office                         N18 = 1$                                                            1700%   

Abacha left office                   N22 = 1$                                                            22%

OBJ left office                       N125 =  1$      Hail OBJ,  Hail PDP                         468%   

Yara Dua left office                N171 = 1$                                                           37%


http://en.wikipedia.org/wiki/Nigerian_naira

Thank IBB (almost killed us)  and his friend OBJ (finished us off - even with record oil prices) for our current predicament 

Both IBB an OBJ are PDP god fathers.

Can you remind me why EFCC has not probed IBB and OBJ?

agabaI23:

I am not peddling any falsehood.
Your source said that his source is central bank website. I quoted for you what is written in central bank website but you rejected it for an article published in TheWill.

If you cannot get an authentic source for me, then it means your article misquoted. or deliberately used the lower figure because he was trying to put IBB in a bad light.

Can you please get me the source where it was stated that the exchange rate on 27th August, 1985 was 0.765?
The foreign reserve of Nigeria depreciated from 6months import allowance in 1980 to just 2 months at the end of 1985
Moser et al

The exchange rate as at that time was expressed as nominal effective exchange rate (import-weighted basket of currencies) a method very different from the market determined exchange rate used today.
Therefore the exchange rate for a month is the average of the daily exchange rates which in turn was determined by the import vs export ratio of in seven currencies in the weighted basket. It is very clear from the link above and many other sources that Nigeria was importing more than it was exporting which was the reason why the foreign reserve was depleted reflecting huge reduction in govt savings. How could the exchange rate be stable in that condition.

's[b]hort-run fiscal stabilization measures and quantitative trade controls dominated the adjustment efforts, while underlying economic and financial condition continued to worsen'- moser
[/b]
In other words, Buhari did not do any thing economical. His economic policies like I said before were artificial and physical and had no effect on the countries economy.

In this thread https://www.nairaland.com/nigeria/topic-605263.0.html

You argued with your cronies that Buhari was responsible for the 5% inflation in 1985 even though he left office in August. You did not look for the inflation figures per month. You argued that 4 month was not enough to reduce inflation but now you think that 4 months was enough to shoot up exchange rate. You want us to believe that the effect of 4 months exchange rate would have significant influenced the overall average. May be you provide evidence
to convince me also if you are not being biased in your analysis.

As to how a I came about the % depreciation which should have been 26.4% not 34% is very clear on the table.
He recorded 11.6% depreciation in 1984 and a further 14.6% in 1985. Add that together general.

You keep digging yourself deeper and deeper into a complete web of lies. When a person tells a lie, he'll need another 10 lies to cover the first lie if he does not want to get caught and each of those 10 lies would need another 10 lies again for coverup.

I would not want to go into any epistle to show you your level of ignorance and absolute illiteracy when it come to economic matters of the Nigerian state. Below is a link to a write up by the current CBN Governor, Sanusi Lamido Sanusi on the impact of Buhari's economic policies on the Nation.

I hope you read it and comprehend the contents. Ruminate on the article and then figure out where you've peddled lies n you previous posts on this thread and then make amends.

http://www.triumphnewspapers.org/why18112010.html