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Nairaland Forum / Nairaland / General / Politics / Buhari’s Economic Reforms Are Bold – Obama (30810 Views)
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Buhari’s Economic Reforms Are Bold – Obama by NgeneUkwenu(f): 9:06am On Sep 21, 2016 |
[size=17pt]Buhari’s economic reforms are bold – Obama[/size] http://theeagleonline.com.ng/buharis-economic-reforms-are-bold-obama/ 10 Likes 6 Shares
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Re: Buhari’s Economic Reforms Are Bold – Obama by NgeneUkwenu(f): 9:07am On Sep 21, 2016 |
If Okonjo Iweala, a woman that had seen it all could come out to say at an American conference that the SEED OF THIS RECESSION WAS PLANTED DURING THE JONATHAN REGIME DUE TO OUR LACK OF FINANCIAL DISCIPLINE, INABILITY AND LACK OF POLITICAL WILL TO SAVE. Then Those Harshly Criticizing Buhari, Should In All Honesty, Do A Retrospective Search On Their Conscience... Obasanjo's administration earned # 17trn [/b]from crude oil sales within eight years and left behind 45bn dollars external reserves and 3.348bn dollars external debt. Yaradua grew the reserves to [b]64bn dollars within just one year and the administration was able to finance 15 months of imports despite the 2008/2009 world economic meltdown. Hence, Nigeria survived the melt down because of the political will by the administration to save(a great achievement by Yaradua which most Nigerians are not aware of). Despite the tough economic reality at that time, Yaradua left 47.7bn dollars in reserves and an external debt of 3.94bn dollars. Meanwhile, the administration earned only # 9trn from crude oil sales within that short period. Now, Jonathan administration witnessed an oil boom when Brent crude sold for over 100 dollars/barrel, with the regime earning # 51trn within a period of 5years. But because of corruption, the administration did not only squander the oil revenue but even depleted the reserves left by Yaradua, leaving just 32bn dollars and a huge external debt of 63bn dollars for Buhari. The same Brent crude sold for as low as 35 dollars/barrel at a point shortly after Buhari took over power and had only managed to climb to about 48 dollars just recently. These are facts that can be verified. So, it's amazing hearing people criticize Buhari for the hunger in the land. According to Fashola, Buhari's administration inherited 206 uncompleted road projects and contract arrears worth #2.1trn from Jonathan; and for about 2 to 3 years the contractors where not paid. This slowed down the economic activities, with most of the companies laying off their staff. This was when the seed of recession was sowed. It's obvious that Buhari came in to rescue Nigeria, because if Jonathan had continued in power, the nation's economic crisis would have been worse, perhaps even the Federal government wouldn't have been able to pay salaries of civil servants by now. According to Okonjo Iweala, Nigeria started borrowing money to pay salaries since October, 2014; but today Nigeria now borrow money for investment in capital projects. Those who blame Buhari for the current hardship do so either out of mischief (hatred) or ignorance. So, we shouldn't join the bandwagon in criticising him. [b]He may not have done much to save the situation, considering that he is not a perfect human being but he means well for the country and can only succeed with our prayers[/b]. [size=15pt]May Almighty God continue to guide Baba Buhari. [/size] 366 Likes 63 Shares
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Re: Buhari’s Economic Reforms Are Bold – Obama by veacea: 9:08am On Sep 21, 2016 |
Haaaaaaaa |
Re: Buhari’s Economic Reforms Are Bold – Obama by luvinhubby(m): 9:09am On Sep 21, 2016 |
Desperate efforts to shore up Buhari's sagging popularity. 44 Likes 1 Share |
Re: Buhari’s Economic Reforms Are Bold – Obama by sarrki(m): 9:11am On Sep 21, 2016 |
We all know Only ugandas dispute it Ngene you will soon see them now on this thread They will quote Noi Thank you Pmb God bless Nigeria 84 Likes 6 Shares |
Re: Buhari’s Economic Reforms Are Bold – Obama by cckris: 9:11am On Sep 21, 2016 |
[size=20pt]A man of integrity doesn't sell the LNG that neither belong to him nor his region. [/size] 51 Likes 3 Shares
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Re: Buhari’s Economic Reforms Are Bold – Obama by divinehand2003(m): 9:11am On Sep 21, 2016 |
Hahahahahahahahahahahaha BOLD = BAD 18 Likes 1 Share |
Re: Buhari’s Economic Reforms Are Bold – Obama by AtlanticBreeze: 9:14am On Sep 21, 2016 |
Donald Trump Policies and Promises for America are Bold - Obama agree? D yeye 38 Likes 1 Share |
Re: Buhari’s Economic Reforms Are Bold – Obama by NgeneUkwenu(f): 9:14am On Sep 21, 2016 |
luvinhubby: Buhari's Popularity Is only sagging among the IPOB Yoots Who didnt even Vote him.. 135 Likes 12 Shares |
Re: Buhari’s Economic Reforms Are Bold – Obama by sarrki(m): 9:19am On Sep 21, 2016 |
NgeneUkwenu:yes oooo I dey with u on this 99 Likes 6 Shares |
Re: Buhari’s Economic Reforms Are Bold – Obama by nototribalist: 9:22am On Sep 21, 2016 |
Buhari is so useless, meanwhile when pikin wan kill him papa, E dey hail am first, papa you too much. 15 Likes 2 Shares |
Re: Buhari’s Economic Reforms Are Bold – Obama by CSTR2: 9:22am On Sep 21, 2016 |
NgeneUkwenu:Why not jusxatpose it to the entire Igbo nation since that is what you were meaning to say. Buhari was rejected by the entire Igbo nation and will not get up to 1% in 2019. 53 Likes 3 Shares |
Re: Buhari’s Economic Reforms Are Bold – Obama by CSTR2: 9:23am On Sep 21, 2016 |
Was that how obama governed during america's period of recession ? Because he definitely wouldn't have won re-election following buhari's template. I am sure obama must have said that as a tongue in cheek after-all he is already leaving the white house. No need for controversial comments. 44 Likes 3 Shares |
Re: Buhari’s Economic Reforms Are Bold – Obama by modath(f): 9:24am On Sep 21, 2016 |
NgeneUkwenu: Straight up!!! It's like the background noise in a marketplace.... both buyer and seller tune it out & proceed with their transaction.. #Ignoremode.. *sidebar*... There is one Ibo musician/ song; he raps and then goes "something something Ogene".... I always remember you & that picture of two ladies trying to console a guy/stop him from jumping into a grave that you troll ya "friends" with. Howdy? 27 Likes 5 Shares |
Re: Buhari’s Economic Reforms Are Bold – Obama by sarrki(m): 9:25am On Sep 21, 2016 |
CSTR2:were you in AMELICA that time? If u are not stop this analysis 33 Likes 2 Shares |
Re: Buhari’s Economic Reforms Are Bold – Obama by CSTR2: 9:25am On Sep 21, 2016 |
. 7 Likes |
Re: Buhari’s Economic Reforms Are Bold – Obama by abokibuhari: 9:26am On Sep 21, 2016 |
I am looking for omenka 3 Likes |
Re: Buhari’s Economic Reforms Are Bold – Obama by sarrki(m): 9:26am On Sep 21, 2016 |
47 Likes 7 Shares |
Re: Buhari’s Economic Reforms Are Bold – Obama by Nobody: 9:27am On Sep 21, 2016 |
Obama doesn't know the reality on ground. People are dying of hunger while thousands are loosing their jobs. Buhari should get ready to relocate to daura in 2019 unless he fails to leave power peacefully like GEJ. This suffering is too much 20 Likes 1 Share |
Re: Buhari’s Economic Reforms Are Bold – Obama by CSTR2: 9:27am On Sep 21, 2016 |
, 4 Likes |
Re: Buhari’s Economic Reforms Are Bold – Obama by NgeneUkwenu(f): 9:30am On Sep 21, 2016 |
modath: Babe I dey oo! Just that, These yeye IPOB yoots bore me to no end(apologies to Aressa ) How your end dear? 22 Likes 3 Shares |
Re: Buhari’s Economic Reforms Are Bold – Obama by CSTR2: 9:32am On Sep 21, 2016 |
Yorubamafia:Ironically, the people on nairaland that wants him to continue are from regions suffering the worst impact of recession where people steal pot of amala and ewedu and other nonsense. 17 Likes |
Re: Buhari’s Economic Reforms Are Bold – Obama by Nobody: 9:35am On Sep 21, 2016 |
CSTR2: I'm also from the SW but to be honest GEJ never got it this bad. Buhari has no economic blueprint. Things are going from bad to worse 22 Likes 2 Shares |
Re: Buhari’s Economic Reforms Are Bold – Obama by CSTR2: 9:35am On Sep 21, 2016 |
. |
Re: Buhari’s Economic Reforms Are Bold – Obama by drss2(m): 9:36am On Sep 21, 2016 |
obama said wat he said to boost d dullards ego after destroying nigeria's economy with outdated daura policies. every true economist on earth knows buari dullard is an economic terrorist. 16 Likes 1 Share |
Re: Buhari’s Economic Reforms Are Bold – Obama by CSTR2: 9:37am On Sep 21, 2016 |
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Re: Buhari’s Economic Reforms Are Bold – Obama by NgeneUkwenu(f): 9:38am On Sep 21, 2016 |
[quote author=CSTR2 post=49544432][s]Ironically, the people on nairaland that wants him to continue are from regions suffering the worst impact of recession where people steal pot of amala and ewedu and other nonsense.[[/s]/quote] Yes they want him to continue, because they know exactly who, why and how Nigeria got to its present state... Ipob yoot cry me River Niger! 27 Likes 1 Share |
Re: Buhari’s Economic Reforms Are Bold – Obama by CSTR2: 9:40am On Sep 21, 2016 |
[quote author=NgeneUkwenu post=49544585][/quote]Who cares? na you sabi. I ain't gonna suffer recession with you. 4 Likes |
Re: Buhari’s Economic Reforms Are Bold – Obama by NgeneUkwenu(f): 9:41am On Sep 21, 2016 |
CSTR2: This endorsement by Obama really pains him! Do you think everybody reasons like a hatefilled ipob yoot? 45 Likes 5 Shares
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Re: Buhari’s Economic Reforms Are Bold – Obama by Shiitposter: 9:42am On Sep 21, 2016 |
NgeneUkwenu: From $3.6bn debt to $63bn debt in under 5years? Thats not possible i'm afriad. 9 Likes |
Re: Buhari’s Economic Reforms Are Bold – Obama by hucienda: 9:42am On Sep 21, 2016 |
Bold? Let's hope Buhari pulls the country out of recession like Obama did. But then again, Obama's words no longer carry political weight as he's now a lame duck warming the seat for either Madame Clinton or M. Trump. |
Re: Buhari’s Economic Reforms Are Bold – Obama by cckris: 9:46am On Sep 21, 2016 |
NgeneUkwenu:Buhari is now HATED among his own people who can't sell their vegetables. 15 Likes 1 Share
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