Most young Buhari fans on the social media have probably never heard of Essenco (Essential commodities policy)-unfortunately,if they ask their pro-APC parents, the truth will never be told to them.

In order to stem hyper-inflation between 1983-1985, Buhari's military govt initiated a price control mechanism Nigerians got to know as Essenco. Soldiers were drafted to major commodity markets across Nigeria to enforce government fixed prices for basic provisions i.e bread, sugar, soap, tooth paste etc. This led to unprecedented long queues in most major provisions markets across Nigeria.

Also, there were limits to the quantity of provisions an individual could buy. The programme led to an initial sharp drop in commodity prices but in coming weeks basic provisions began to disappear from most stores. Endless queues for bread, toothpaste, milk, etc emerged.

As expected, a black market industry thrived where same goods became bountiful at exorbitant prices. Also most black market operators happened to be closely related to some military figures. Some people say this led to the birth of Mammy markets in Nigerian military barracks (though I'm not sure)

This was one of the many failed economic policies that led to Buhari being overthrown.

Babangida after his coup immediately reversed the Essenco policy and food stuffs once again flooded Nigerian markets at competitive prices.

Source: Go ask your parents or any educated elder in your family, PLEASE beg them to tell you the truth.

How do you expect an illeterate to know the fundamentals of how to control the price of commodities if not by using force?Zombie mentality.

Aksonman:
Most young Buhari fans on the social media have probably never heard of Essenco (Essential commodities policy)-unfortunately,if they ask their pro-APC parents, the truth will never be told to them.

In order to stem hyper-inflation between 1983-1985, Buhari's military govt initiated a price control mechanism Nigerians got to know as Essenco. Soldiers were drafted to major commodity markets across Nigeria to enforce government fixed prices for basic provisions i.e bread, sugar, soap, tooth paste etc. This led to unprecedented long queues in most major provisions markets across Nigeria.

Also, there were limits to the quantity of provisions an individual could buy. The programme led to an initial sharp drop in commodity prices but in coming weeks basic provisions began to disappear from most stores. Endless queues for bread, toothpaste, milk, etc emerged.

As expected, a black market industry thrived where same goods became bountiful at exorbitant prices. Also most black market operators happened to be closely related to some military figures. Some people say this led to the birth of Mammy markets in Nigerian military barracks (though I'm not sure)

This was one of the many failed economic policies that led to Buhari being overthrown.

Babangida after his coup immediately reversed the Essenco policy and food stuffs once again flooded Nigerian markets at competitive prices.

Source: Go ask your parents or any educated elder in your family, PLEASE beg them to tell you the truth.

My brother thank you for reminding some of these GMB apologists about the policies of their oga. I was a living witness to the ESSENCO madness in 1984. When Buhari was overthrown people were openly jubilating on the streets. Many Nairalanders here were not born. I was a witness and that is why I can never vote Buhari in 2015.