₦airaland Forum

after 4 years they only added 1 billion dollars.

Obasanjo wad adding an average of 6 billion in his time

helinues:
But when those same economists complained initially at the beginning of the administration, you guys held on it, which you are still holding on currently as your mindset is fixated

Fuel is still 800+ to 900+ remember tinubu meet it at 196.

Dollars was 390 today 1500.

How much is bag of rice?
Cut of garri?

What about insecurity? Kidnapping? Has it reduced or increased?

helinues:
Sebi you know better than the economist like Madam NOI

Everything to you people is about food , food and food

Is it the one that visited ur paymaster in aso villa?

What do u want her to say rather than give a little hope to the hopeless.

Away from politics we talk reality on ground and what data and statistics says otherwise

grandstar:
What determines whether your currency depreciates who appreciates isn't whether you produce something or nothing. It is all down to fundamentals.

For instance, if there's 10 trillion naira in circulation and there's $10bn available, the exchange rate will be $1-N1,000.

If the federal government now asks the CBN to print 5 trillion to lend to it to cover thecbudget deficit, there will now be 15 trillion. If the dollars remain constant, the currency will depreciate to $1-N1,500. The excessive use of ways and means, which is the printing of money to lend to the government was a primary reason for the Nairas worsening value under Buhari.

.
Gross domestic product is not a measure of money or MO in circulation rather it measures about of goods and services produced in monetary terms.

So what it means is that the level of productivity decline from 2015 to date and it is still declining

helinues:
I see, you must have been so affected with the taken back to be sounding obsolete.

So the economic experts praising president Tinubu's reforms must be drunk

Which performance? Where is the changes?
How much is garri?
How much is fish in market?
How much is fuel?.
How much is dollar?

helinues:
You in particular is not even interested in arguing logically anymore

We argued with statistics and emperical evidence

All data available showed that APC from 2015 to 2025 has failed not only failed but taken Nigeria back to 1980s.


And its even worse because of the population we have now compared to 1980s because if u get the GDP per capital e.i average output per person u will see the real problem u guys have caused

Obaaderemi2:
If you knew oil prices were not static, then why are you arguing blindly? How then could a country depend on such an industry and expect stable GDP growth?
I'm still waiting for you to tell us something significant Jonathan or Tinubu did that led to GDP growth apart from oil sales

So our economy suddenly depends on oil in Tinubu's period?
Was the economy not dependant on oil during obasanjo and Yar'Adua period?


Tinubu failure to tackle insecurity.
Failure to maintain or strengthen the Naira
Failure to address mass looting of resources

casualobserver:
Oga please can you stay n point and stop disturbing me with irrelevancies? Not everything is ethnicity and tribe. The driver did not have a license…end of matter!

No run come let's finish the fight?


Everything is not ethnicity then what? Because i said the truth?

casualobserver:
I am not interested in people like VDM who break laws under the guise of “doing good”. When in reality they are merely using the fodder to enrich themselves. Neither am I interested in being fodder for content creators trying to divert me to their website or YouTube page to get paid.

I have already conceded and said that I take your word for it. Is it that you don’t know what that means? Under normal circumstances from my vast experience in the private sector and corporate organizations, a company of that size has a dedicated transport officer whose job is to make sure the documents for all drivers are up to date. Clearly if what you are saying is true, it wasn’t followed. I don’t have to waste my time watching people like VDM.

Well this is Nigeria and i tell u the laws that applies south is different from those in north.
The same constitution different application.

Or u don't know that u just speaking Hausa.. So many doors wil opens for you even if u dont qualify for such?
Good evening.

Obaaderemi2:
So they did not steal during Obasanjo s time in power? And that was why the economy grew? Matches. If a man met a barrel of oil at #13 and it rose to $19 that's a massive rise percentage wise. So you would see an upsurge in GDP growth. Nigeria's GDP rises and falls with busts and booms of global oil trade. Even a baby knows this. Nobody is defending anyone here. But we all can't be emotional at the same time

Oil are not static anywhere. It goes up n down

The same up and down it went based on so many factors.

Today it's 66 dollars.. Tomorrow it could be 70 or even 90

Well i believed u benefited from amaechi laptop

Obaaderemi2:
You are seriously ignorant
This was the main reason the economy tanked during Buhari's first time in the 80s. We rely too much on oil because we are bad at building a knowledge based economy. It's the same across Africa. Check your chart again. Was it Buhari that tanked the Kenyan and South African economy in the 80s too? Even the EU or ECC as it was called then went through a serious recession in the early 80shttps://www.elibrary.imf.org/view/journals/022/0025/002/article-A010-en.xml

I can see that u will defend APC maybe as a beneficiary of amaechi laptops or the 30k per months stipend

OlujobaSamuel:
Constructing a barrier on a public highway is illegal.
Make we no because we dey vex for govt dey do things anyhow

And government weh no sabi their work?

Am in Europe... The entire Europe once u see public building or street light u reduce ur speed to 30..schools area 20.

Every road has sign n speed cameras.
N federal ministry of work sat down..

Speed limit should be introduced.. Human life matters more than anything

How can u be crushing students on daily basis? How

casualobserver:
I don’t watch VDM, I don’t have time for people like him so I will take you at your word!

So don't say what u have no idea of..

I expected u to go online to watch it but u said u don't have time. Okay can you go to Auchi to carry out investigation?

Well he took his time to Auchi. Stood on the way and interrogating the drivers after stopping them before this revelation. Everything on video

Obaaderemi2:
Oil prices fluctuate from time to time. Or maybe you can tell us those great products that gave us growth when we had it.

How much was oil when obasanjo took over??

Let me help u... It was 13 dollars per barrel and with time it went to 19.

Stop defending this criminals.

Sahara reporter just published a story where nwike got a house for 2.5m dollars in USA

casualobserver:
Dangote will not employ a driver without a driving license. You clearly don’t know how companies of that size operate.

The problem is that a license in NIGERIA IS meaningless.

Learn to construct a debate with intellect!

Go to verydarkman page n watch.

Because i was surprised.
. One it was the son of 21 driving when asked the old man say him don old na him make him ask his son. Even the old man driving licence expired 4 years ago.

Another no even get license at all.

. U never sabi aboki

Fekumzi123:
You're right ooo, but are you saying everyone should just forget about legal ways and do what they like?

U see a place where accidents happens frequently.. What do u do?

Think for 3 seconds.


U see Nigeria government no value una lives.

Here in Europe immediately it occurs they put speed limit instantly i mean limit of 20 or 30 then they mount camera.

If u exceed the limit no one will disturb u but once u get home.. Mail they wait for u.. Fine

. Then bump if neccessary.

grandstar:
2015 or 2016, basically the same thing.

Low oil prices could have triggered a recession but it was not definitive. Buhari's meddling and fixing the exchange rate was what swiftly collapsed the economy.

If there was ever going to be a recession due to low oil prices, it could have been easily prevented by slashing company taxes for instance to drive investments.

Many of the economic policies which Tinubu is implementing now should have been done then.

Read the article below. It's actually from 2016

https://www.nairaland.com/4861949/lamido-sanusi-laments-buharis-economic

Stop blaming exchange rate.

Exchange rate should not be devalued when we aren't producing much.


See the graph below. Note Buhari was In office 31 December 1983 – 27 August 1985 you can see how the economy tank in 1983 to 1985. During this time we entered recession for the first time.

Again Buhari came in 2015 b history repeated itself. Economy tank and we entered recession.

Tinubu is a culprit because he brought a disaster and he himself is not different from him

casualobserver:
Clearly he doesn’t know what he is doing is illegal.

And most of dangote driver's without driving licence are legal abi

Obaaderemi2:
Basically the bolded was what caused the recession. Nigeria relies too much on oil revenue. Even up till now. Slashing company taxes can never help a country like Nigeria where tax revenue is less than 10% of GDP.

If another oil price crash happens today, Nigeria will enter another recession.

So Nigeria rely on gold n silver from 1999 to 2015 that saw economy grew?


Make una continue

That's why women are fighting abd getting angry if men ask dna.

Ur thin u wan Check if its truly urs. They get angry

walefresh3:
Dullard like obi...

Floating of dollars brought out the real value of Naira....the dollar was always been padded by previous government...
This prevent administration is the most straightforward government in the history of Nigeria...

Naa hate dey make you dry do this....

Nigerians are not fool....

2027 Nigerians will vote Tinubu... that's just the fact...

You can't use rice and eba propagandas to fool is....many Nigerians are aware of the causes of inflation..How many Nigerians using government names to defraud their fellow Nigerians...

During obasanjo time of 8 years exchange rate was very low. Nigeria clear their debt, build reserves.

Yar'Adua continue in that same stride. Good luck did his best but not enough as expected.


But you see criminal APC came and destroyed lives of Nigeria.

Fact dont like....


Hope u type the above with amaechi laptop

gr8ofnnetwork:
Currently, as long as Nigeria is doing what is worth doing, we don't really send anybody's GDP. Thanks

What is what doing as in. 30k with amaechi laptops right?

Buccalcavity2:
Show us gdp ppp trend. ....to adjust for exchange rate impact. Let's see something

Devaluation was mid 2023.

Gross Has been declining since 2015...that's almost 9 years before devaluation

Ikaeniyan0:
Our GDP is growing in Naira.

Is it the naira Buhari and tinubu are printing anyhow and doing way and means?

Arda1000:
So if you see British talking about how bad their economy has fallen it means Nigeria is better than Britain?
How about Nigerians complaining everywhere?

I wanted to type this not long.

Even New Zealand are running away to UK and Australia saying their economy are bad.


Does it mean that Nigeria is better than New Zealand?

obembet:
See mentality.... U are only interested in others errors while your house is burning... Someone use 54B to built nonsense building, use 1.5B buy two Hilux and everything is okay to Una's long as its west or north. A senator from same state share bucket for women while u praise and condemn the one that share over 50 transformers. The good tin is things is that people u are condemns are work on the errors while Ur own u cover getting worst everyday.

. You might have vlood pressure oh.

The governor said out of what is budget he only spent 2.5 billion so far.
That more schools are still being built and renovated.


Otti will never missuse funds. We trust him just like Peter obi.

We are seeing what he is doing with our eyes..
If u don't believe enter Abia state with phone and interview people

maasoap:
You actually typed that and meant it? You shouldn't have, this kind of mentality is not good for the future of this country at all. Why would you even believe that should be normal? We're badly messed up in this country

I believe u guys mental head should je checked..

Why will q government spend 53 billion just to rehabilitate schools? Is he tinubu or APC woruworu people

Was schools renovated? Yes
Most schools are being built and most are still being upgraded.

The governor said so far he has spent only 2.5 billion out of the 58 billion budgeted.

Still yet u guys are crying

Appletek:
Otti is a short man with a long throat. It is that his long throat we will use to drag him. We go hold am like catfish.

As terrible as TA Orji was, in 2013, a poster living in Anambra said TA Orji was better than Peter Obi.
That is the failure you are packaging as a messiah.
We don't have short memories like you.

Like it of not Peter obi will unseat the drug lord ur master in 2027.


He is now upgrading all schools in Abia state to modern standards. With just 2.5 billion spent so far. If na third mainland Bridge un go call 3 trillion naira

Nigeria knows the truth. U guys attack the upright

Otti is too upright for this nonsense

2.5 billion shock them. If na third mainland Bridge una go call 3 trillion naira just to rehabilitate

Otti can eat as far as he is working.

He is the best governor.... An upright man.

If he says he spent 2.5 billion to rehabilitate schools... In entire Abia.. E shock una abi?


he said he only used 2.5 billion and not 50+

Sahara reporter should focus on tinubu and non performing governor and leave Abia n peter obi alone.

Because e de play e de show.

If u disagree enter Abia state with camera and interview people on street and hear theie opinion

Obaaderemi2:
https://www.nigerianstat.gov.ng/elibrary/read/308
Nigeria's inflation rate 10 years ago was single digit. 9.2%

Such a shame APC are like a cancer disease that should be cut off.