there is saying that says seeing is believing

many years ago during Ibb's era there was a program then called Structural Adjustment Program aka SAP.

now there is an ongoing downturn called Reccession.

i believe the two occurences seems similar because of the hardship that it brought..

if you were old enough can you compare and contrast the two scenario
which was worse of the present reccession or the then Sap

how long did it take Sap to disappear

what did the then president do or what happened that made Sap disappear

over to you older forum members

When it comes to amassing knowledgeables and Cole ting researches, Nigerians are the most lazt set of people in this world.

People say, 'Buhari is associates to hardship' but non even understands how it works.

In 1984/85, buhari decided to implement the policies he is implementing currently because by that time, we have started to rely on importation.

The paper mills, texile industries, runner plantations, timbers and so much more, were fading away. People relied on importation if ready made goods.

IBB came in, just because business wasn't as usual, and the US were not happy with a young president who was trying to do the right thing. Just like Mugabe and Gaddafi were hated, so was buhari, for trying to make us independent.

SAP, was the foundation of every problem we ever had...it was the epitome and pioneer of corruption. IBB, knowing exactly that he cld only be popular by giving impatient Nigerians what they wanted, started subsidizing everything importable. Nigerians were happy that cheap processed foods flooded the market and slowly watched as every industry died away.

Our naira began to depreciate because we buy from others and strengthened other nations, while ours became weak. Gradually, we died away.

IMF offers loans that cld be repaid over a long period but kept us weak and enslaved.

As of today, we have trees but imports paper, toothpick, pencil...

We have rubber trees but plaatic companies import raw materials...

Nestle foods imports maize...

Our crude oil is exported to be refined and we pay thru the nose to import again!

This is madness and no one seems to knw why we are in recession.

The world is currently in recession and the only countries that is surviving are the ones who are well industrialized. They are making more foreign reserve by exportation.

We have few dollars in our coffer, yet, some idiotss criticize the ban in some foreign imports.

It's simple mathematics for the sensible ones..

If you take out of your money to buy what you have within, you are strengthening the seller and weakening yourself. But when you also produce what u can sell, you will add to your savings and become rich..

Forcing manufacturers to look within will further enrich the citizens instead of making them poorer. When u import, u enrich the foreigner and u sell to a depleted economy after production. When u source within, u enrich the economy and will sell cheaper to the citizens.

The reason why prices are on the roof is because manufacturers are still forcefully importing instead if looking within.

China and India didn't yank themselves from the grip of the Western world buy going back on their policies even when they once ranked as one of the poorest countries in the world, decades ago.


Nigeria will remain poor if someone doesn't take drastic action!

So many Nigerians are too dumb to be sensible abt the whole matter!!!

Yeye!