Dear Nairalanders there have been various arguments on who was really responsible for the Economic slump witnessed under the Buhari govt with some people saying the slump was as a result of 16 years of bad leadership by the PDP which just happen to tank during Buhari administration and others saying the buck lies squarely with Buhari .. I am of the latter opinion that Buhari indeed is 100 percent responsible for the recession and I have carefully outlined all the poor policies by Buhari that led to the slump please enjoy .


1 : Delay in communicating a policy direction on time:

Ladies and gentlemen this was the first mistake by Buhari as he failed to communicate any economic policy direction immediately he was announced winner leaving all economic stakeholders in the dark , for months no stakeholder knew is the the new govt was going to be favourable to the private sector and at what level and instead of Buhari communicating this he instead went to work straight stoking the embers of tribalism and division with his 97% to 5% gaffe which immediately cast a veil of economic and security uncertainty on the polity and economy .

The outcome : Investors immediately put a pause on any further investment till the air could be clearer at least on what economic direction the president was towing.


2 : Delay in choosing Ministers

The 2nd mistake Buhari will make was his deliberate delay in choosing Ministers for almost a year meaning he spent his first fiscal year without any form of FEC meeting where new govt tactical and strategic policies
are brain stormed and matched against Key Performance Indicators (KPIs) , this delay was like virtually pausing the life support of a patient in Coma while you searched for a medical expert !!

The Outcome: This needless delay would end up putting the Nigerian economy under stress as for months unending every other micro policy from state govts to local govt to private sector where all put on hold as stakeholder waited for ministerial direction as a plimsol to guide their own decision so it was not uncommon for many of us to walk into our clients organization and be told we had to halt projects tool the ministers where inaugurated.

3: Immediate Infighting within the Presidents party :

Buhari has always been known to be a very cunning and divisive man who is very fond of speaking from both side of his mouth all just to protect his secret interest and he will immediately use this character to bring division into his ruling party where once again his inability to firmly set a direction would open the doors for chaos and spoils grabbing as no one knew how Buhari wanted the structure of party leadership to be , this lapse immediately brought about many camps within the party all infighting for the spoils of their latest conquest while the economy was left unattended.


The Outcome No unity between the party leadership, the executive and legislative right from the onset a problem that will further sacrifice the health of our already struggling economy further.


4: Poor implementation of TSA

It had never been a secret that Nigerian Govt funds housed in many Nigerian banks provided a lot of stability for the financial sector even though it left some loophole for possible corruption but the benefits far outweighed the risks , it was in this light the previous govt agrees that the implementation of the TSA must be staggered in phases so as not to cause financial shock to Nigeria managing Banking industry but Buhari will disregard the advice of expert and go for total implementation over night a costly bad decision that threw the financial sector into sudden confusion as predicted by experts, meaning over night our banks suddenly had less deposits to use to manage the delicate balancing of funds between depositors and lending , ofcourse at such times it's the lending aspect that will suffer as depositors must always have access to their funds as at when they want it because they are in Fact the soul of the banking business . We should note this action was clearly an indirect sabotage to the financial economy similar to a previous Buhari error in the 80s where he changed the Nigerian currency over night in a bid to catch looters

The outcome : the private sector suddenly had less access to loans and as result many economy growing projects where put on hold at great cost to the the Economic kinetics and potential of the Nigerian economy.


5: Going after Tompolo at a time of low oil Prices


At a time of low oil Prices most good leaders immediately try to drastically increase output and production in other to cover for projected short fall in revenues but shockingly it is at this time that President Buhari will choose to shake the fragile peace in the Niger Delta in a poorly thought out decision to send the military into the oil rich Niger Delta to hunt for oil warlord General Tompolo over a 13 billion Naira (35 million dollars ) payment made to Tompolo by the previous govt for the purchase of some land for some university , it ended up being a total economic disaster which only ended up worsening the Economic outlook of the country.

The Outcome : In attempt to go after 35 million dollars the Nigerian economy ended up losing a projection of about 100 billion dollars and countless lives and the painful part is that Tompolo was never caught neither was the 35 million dollars ever recovered ..Infact it's said the military operation itself cost the govt over 60 million dollars . Talk of a very bad decision .


6: 5 Billion Dollar MTN fine


Early in Buhari govt without even a policy direction in place and heavy economic uncertainty the Buhari govt in its bid to raise cheap funds will make a very bad mistake by fining telecoms success story MTN a mind boggling whooping 5 billion dollars for failing to properly register less than 1% of its subscribers a practice common with all 4 mobile Telcos in the country but surprisingly only MTN was singled out for this quite suspect fine which may industry observers have said is nothing short of a grandiose approach to executive extortion but that's as story for another day , the bottom line is that this poorly thought out fine triggered a megathrust of capital flight out of the country by many private sector players including the same same MTN who feared that same fate could befall them under the knee jerk Buhari govt and in less than 4 weeks over 80 billion dollars was spirited out of the Nigerian Govt under the nose of Buhari in one of the greatest mass capital flight ever recorded in a developing economy.

The Outcome: The capital flight triggered by the fine would put further strain on the economy once more and slow down any further new investments by such players , MTN will go further and cut it's support for thousands of small Nigerian Businesses and ideas citing lack of funds ( yours faithfully lost a lucrative advertising business my company ran regularly with MTN) MTN will drop many youth ambassadors it sponsored , drop Who wants to be a millionaire and project fame citing lack of funds , the total loss to small businesses that depended on MTN for patronage will run into billions of Naira in reality and tens of billions in projections. It was another economic misfire by the Buhari govt .
The Outcome here was hyper capital flight and many calculated exits by investors from the Nigerian economy e g ETISALAT and heavy loss to Nigerian SMEs that got patronage of such players, this will translate into massive job losses and prospect deeper that can even be measured and the very very painful part is that after all the damage the Buhari govt failed to collect the 5 billion fine but instead reduced it to 650 million dollars to be paid over a long time by the Nigerian subscribers.

7 : Increasing Petrol Price and Electricity Tarriff at the same time:



It's no secret that Nigerian micro business economy is driven by a finicky balance betwen the petrol engine and unstable electricity as the petrol engine is used to produce back up electricity used to power small businesses from fabricators to small offices to small online businesses to cooling to room to salon at times when NEPA electricity has failed and believe me in Nigeria it's almost all the time .. The Buhari govt will again show it's short sightedness in this area and deliver a devastating blow to micro business owners who are the foundation of 80 percent struggling Nigeria family units by increasing petrol price and Electricity Tarriff by a whopping 50 percent and at the same time which immediately increased the operational running cost of micro businesses about 100% , my brothers and sisters this was the death knell to the economy as it triggered wave of unplanned inflation overnight and reduced demand instead of the other way round where increased demand will trigger inflation, once again the Buhari govt had turned economic theories on its head and thrown the economy in to further doldrum. Many micro business who couldn't cope with this loss of demand as result forced inflation had to die throwing millions more into uncertainty and abject poverty.


8: Poor handling of Herdsmen Farmers Clash

When farms and cattles meet there is always bound to be problem and in Nigeria this is no different but under Buhari this took a worse turn as instead of quickly using fairness and equity to resolve such tensions the Buhari govt immediately took sides with herdsmen for reasons best known to it and this immediately emboldened the herdsmen to escalate their attack as the realised there was no repercussion in sight as long as the Buhari govt continued to be one sided , this lack of will by the Buhari govt will end putting devastating blow on the foundational pillar of the Nigeria economy which is actually subsistent farming .

The Outcome : The Outcome here was hunger hunger and more hunger as many subsistent farmers fled their traditional farmlands leaving in its wake reduced agro production and inflation as agro supplies dwindled , it also led to an increase in crimes as both herders and farmers took to kidnappings and robberies in other to survive .


9 Poorly thought out Import Tarriff increases


The Buhari govt made two tax policies that I think were a really bad mistake and they are

A : Increasing tariffs on anti malarial

B: Increasing tariffs on Vehicles .

Usually govt increased import Tarriff for two reasons either to protect it's own local industries or trying to discourage the use of such . The Buhari govt will shock all by increasing the Tarriff of antimalarials citing reasons that it wanted to encourage their production at home forgetting that Nigeria was a malaria endemic zone with little or no real infrastructure to support production especially under Buhari who had recently demobilized the lending sector with his poor implementation of TSA and increase cost of all production in Nigeria, this policy was another ok advised one as I would have expected the govt to first make the economy conducive to attract investment in those sectors before thinking of increasing Tarriff.

The Outcome: The policy only succeeded in increasing the cost of healthcare and cost of vehicle in Nigeria which means a reduction in saving and disposable income for the average family unit , we didn't see the indigenous car plants or anti Malarial factories get built in Fact the policy was so bad that the Customs boss had to recently beg the Buhari govt to reduce it as it's is only encouraging smuggling and infiltration of substandard products .




I hope with these 9 points we can all agree that Buhari was 100 percent behind the slump contrary to arguments the slump was caused by other govts and Buhari only inherited it . I am in no way trying to absolve past govts of poor leadership but only trying to show the role Buhari played in expediting the slump.

Many thanks for the read and please feel free to share whether you support or not .


Writer: SarkinYarki Bello

CC.Lalasticlala Mynd44 FP will not be bad so others can support or burst these points.

Senceless post..all these nonsence propaganda will end next week..INEC why did you delay our 4+4 next level celebrations?..are u telling me to support the "Nigerian Looters Association"(PDP)?..u are dreaming.SAI BUHARI 2019.

He did it in 1984, not surprised at all. Failure is his second name.

We hope by in a few days, all of these would become story.

You have not seen anything. This is just the beginning.

Delay in choosing ministers in my opinion contributed to our economic woes, the most

MexManuel:
We hope by in a few days, all of these would become story.

Hope. My boy, hope is dangerous. Nobody can unseat me

Kundagarten:
He did it in 1984, not surprised at all. Failure is his second name.

I don't give a fck. After i win on saturday, UK straight.

More like 9 reasons why Bubu cannot give what he doesn't have

awelekiti:
Delay in choosing ministers in my opinion contributed to our economic woes, the most

Vote for me on saturday. I will turn a new leaf.

I agree with you on all except for that mtn issue. Mtn own too much for this country. If I had my way there fine would hv been 50 billion dollars sef. Inconsiderate mtn

DMerciful:
More like 9 reasons why Bubu cannot give what he doesn't have

hmm another view

360degreess:
Senceless post..all these nonsence propaganda will end next week..INEC why did you delay our 4+4 next level celebrations?..are u telling me to support the "Nigerian Looters Association"(PDP)?..u are dreaming.SAI BUHARI 2019.

Name one thing that is senseless in it?

Redhot111:
I agree with you on all except for that mtn issue. Mtn own too much for this country. If I had my way there fine would hv been 50 billion dollars sef. Inconsiderate mtn

My problem is that fine did nothing to MTN at the end of the day after the damage tonour economy had been done ..Nigerians were again the losers

Of course buhari is the only president in the history of the world that has scored the record of putting his country into recession twice consecutively first as a military head of state through a coup and second as a democratic president through election rigging. Now he's campaigning for a second term of hardship. I guess he wants to score a recessional hatrick that will wipe out Nigerians like a landslide.

PMBuhariGCFR:


Vote for me on saturday. I will turn a new leaf.

who you be na. Show ya sef

Liar

Your analysis above is like someone blaming a woman who had to spend time looking for money to feed his family and so prepare food late. Leaving his husband who wasted his salary on drink and women and refused to provide for his family

Which of the points above can overshadow the fact that PDP looted the whole treasury and left debt and infrastructural decay everywhere. 8000 incompleted projects

$67bill debt as Dec 2014
https//www.vanguardngr.com/2015/07/n12trn- debt-profile-worsens-nigerias-woes/


FOREIGN RESERVE DEPLETED TO A PALTRY $29bill
https://nairametrics.com/nigerias-historical-external-reserves/

At crude price of $80, PDP borrowed 473bill to pay salary.

https://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html

Kiss the Truth


PDP CREATED POVERTY.....

1. They said when Buhari took over from them a bag of rice was N11,500 but they took over when it was N2,500

2. They said when Buhari took over from them ltr of petrol was N87 but they took over when it was N11.

3. They said when Buhari took over from them $1 was N235 but they took over when it was N20.

4. They said when Buhari took over from them a bag of cement was N2,000 but they took over when it was N400.

diablos:
Of course buhari is the only president in the history of the world that has scored the record of putting his country into recession twice consecutively first as a military head of state through a coup and second as a democratic president through election rigging. Now he's campaigning for a second term of hardship. I guess he wants to score a recessional hatrick that will wipe out Nigerians like a landslide.

And your fellow Nigerians are on the verge of setting yet another record of reinviting the retired despot back to aso rock as president of Nigeria when the economy direly requires someone with a totally different set of skills, competences and ideology like Omoyele Sowore of the AAC.

Awesome! Such a great piece, this define Buhari completely. When i see people supporting Buhari especially the youths i weep.
Sometimes i blame GEJ, because he give rise to all this nonsense because if he remembered that there was a time in his life he was shoeless, he would have done everything to checkmate corrupt officials and also his wife.

These four lonely years have changed the way i feel.


Dont reinforce failure

Flyingngel:
Awesome! Such a great piece, this define Buhari completely. When i see people supporting Buhari especially the youths i weep.
Sometimes i blame GEJ, because he give rise to all this nonsense because if he remembered that there was a time in his life he was shoeless, he would have done everything to checkmate corrupt officials and also his wife.

I tells you...

If GEJ had been more diligent, who will give second, third, or even fourth thought to The Clueless Buhari

This is what zombie fails to see, their eyes go clear, this is not a football match. It is a serious issue that effects life itself.

After messing up he will start looking for a scapegoat to blame. Blame game has always been his cover up for his incompetence

diablos:
Of course buhari is the only president in the history of the world that has scored the record of putting his country into recession twice consecutively first as a military head of state through a coup and second as a democratic president through election rigging. Now he's campaigning for a second term of hardship. I guess he wants to score a recessional hatrick that will wipe out Nigerians like a landslide.

Another lie. Buhari took over recession from Shagari

Recession was inherited by Bihari in 1983

https://www.nytimes.com/1983/02/17/business/economic-strains-on-nigeria.html

And in 2015.... The country borrowing money to pay salary was in abundance abi?

17 states was owning civil servants salary

$67bill debt.

Stop deceiving yourself

SocialFinance:



Another lie. Buhari took over recession from Shari

You lie Sir .. Buhari was the one that used his poor leadership to bring about the recession then too .... are you aware he secretly changed the entire currency without plan then because he wanted to catch Imaginary looters he believed his money at home ...

You guys were beaten in 2015 and would be beaten again in 2019.



So when okonjo iweala predicted recession or GDP shrinkage, it was buhari that was in office.

Caseless:
You guys were beaten in 2015 and would be beaten again in 2019.



So when okonjo iweala predicted recession or GDP shrinkage, it was buhari that was in office.

I was among those who voted Buhari in 2015 so get your facts right

[s]

SarkinYarki:
Dear Nairalanders there have been various arguments on who was really responsible for the Economic slump witnessed under the Buhari govt with some people saying the slump was as a result of 16 years of bad leadership by the PDP which just happen to tank during Buhari administration and others saying the buck lies squarely with Buhari .. I am of the latter opinion that Buhari indeed is 100 percent responsible for the recession and I have carefully outlined all the poor policies by Buhari that led to the slump please enjoy .


1 : Delay in communicating a policy direction on time:

Ladies and gentlemen this was the first mistake by Buhari as he failed to communicate any economic policy direction immediately he was announced winner leaving all economic stakeholders in the dark , for months no stakeholder knew is the the new govt was going to be favourable to the private sector and at what level and instead of Buhari communicating this he instead went to work straight stoking the embers of tribalism and division with his 97% to 5% gaffe which immediately cast a veil of economic and security uncertainty on the polity and economy .

The outcome : Investors immediately put a pause on any further investment till the air could be clearer at least on what economic direction the president was towing.


2 : Delay in choosing Ministers

The 2nd mistake Buhari will make was his deliberate delay in choosing Ministers for almost a year meaning he spent his first fiscal year without any form of FEC meeting where new govt tactical and strategic policies
are brain stormed and matched against Key Performance Indicators (KPIs) , this delay was like virtually pausing the life support of a patient in Coma while you searched for a medical expert !!

The Outcome: This needless delay would end up putting the Nigerian economy under stress as for months unending every other micro policy from state govts to local govt to private sector where all put on hold as stakeholder waited for ministerial direction as a plimsol to guide their own decision so it was not uncommon for many of us to walk into our clients organization and be told we had to halt projects tool the ministers where inaugurated.

3: Immediate Infighting within the Presidents party :

Buhari has always been known to be a very cunning and divisive man who is very fond of speaking from both side of his mouth all just to protect his secret interest and he will immediately use this character to bring division into his ruling party where once again his inability to firmly set a direction would open the doors for chaos and spoils grabbing as no one knew how Buhari wanted the structure of party leadership to be , this lapse immediately brought about many camps within the party all infighting for the spoils of their latest conquest while the economy was left unattended.


The Outcome No unity between the party leadership, the executive and legislative right from the onset a problem that will further sacrifice the health of our already struggling economy further.


4: Poor implementation of TSA

It had never been a secret that Nigerian Govt funds housed in many Nigerian banks provided a lot of stability for the financial sector even though it left some loophole for possible corruption but the benefits far outweighed the risks , it was in this light the previous govt agrees that the implementation of the TSA must be staggered in phases so as not to cause financial shock to Nigeria managing Banking industry but Buhari will disregard the advice of expert and go for total implementation over night a costly bad decision that threw the financial sector into sudden confusion as predicted by experts, meaning over night our banks suddenly had less deposits to use to manage the delicate balancing of funds between depositors and lending , ofcourse at such times it's the lending aspect that will suffer as depositors must always have access to their funds as at when they want it because they are in Fact the soul of the banking business . We should note this action was clearly an indirect sabotage to the financial economy similar to a previous Buhari error in the 80s where he changed the Nigerian currency over night in a bid to catch looters

The outcome : the private sector suddenly had less access to loans and as result many economy growing projects where put on hold at great cost to the the Economic kinetics and potential of the Nigerian economy.


5: Going after Tompolo at a time of low oil Prices


At a time of low oil Prices most good leaders immediately try to drastically increase output and production in other to cover for projected short fall in revenues but shockingly it is at this time that President Buhari will choose to shake the fragile peace in the Niger Delta in a poorly thought out decision to send the military into the oil rich Niger Delta to hunt for oil warlord General Tompolo over a 13 billion Naira (35 million dollars ) payment made to Tompolo by the previous govt for the purchase of some land for some university , it ended up being a total economic disaster which only ended up worsening the Economic outlook of the country.

The Outcome : In attempt to go after 35 million dollars the Nigerian economy ended up losing a projection of about 100 billion dollars and countless lives and the painful part is that Tompolo was never caught neither was the 35 million dollars ever recovered ..Infact it's said the military operation itself cost the govt over 60 million dollars . Talk of a very bad decision .


6: 5 Billion Dollar MTN fine


Early in Buhari govt without even a policy direction in place and heavy economic uncertainty the Buhari govt in its bid to raise cheap funds will make a very bad mistake by fining telecoms success story MTN a mind boggling whooping 5 billion dollars for failing to properly register less than 1% of its subscribers a practice common with all 4 mobile Telcos in the country but surprisingly only MTN was singled out for this quite suspect fine which may industry observers have said is nothing short of a grandiose approach to executive extortion but that's as story for another day , the bottom line is that this poorly thought out fine triggered a megathrust of capital flight out of the country by many private sector players including the same same MTN who feared that same fate could befall them under the knee jerk Buhari govt and in less than 4 weeks over 80 billion dollars was spirited out of the Nigerian Govt under the nose of Buhari in one of the greatest mass capital flight ever recorded in a developing economy.

The Outcome: The capital flight triggered by the fine would put further strain on the economy once more and slow down any further new investments by such players , MTN will go further and cut it's support for thousands of small Nigerian Businesses and ideas citing lack of funds ( yours faithfully lost a lucrative advertising business my company ran regularly with MTN) MTN will drop many youth ambassadors it sponsored , drop Who wants to be a millionaire and project fame citing lack of funds , the total loss to small businesses that depended on MTN for patronage will run into billions of Naira in reality and tens of billions in projections. It was another economic misfire by the Buhari govt .
The Outcome here was hyper capital flight and many calculated exits by investors from the Nigerian economy e g ETISALAT and heavy loss to Nigerian SMEs that got patronage of such players, this will translate into massive job losses and prospect deeper that can even be measured and the very very painful part is that after all the damage the Buhari govt failed to collect the 5 billion fine but instead reduced it to 650 million dollars to be paid over a long time by the Nigerian subscribers.

7 : Increasing Petrol Price and Electricity Tarriff at the same time:



It's no secret that Nigerian micro business economy is driven by a finicky balance betwen the petrol engine and unstable electricity as the petrol engine is used to produce back up electricity used to power small businesses from fabricators to small offices to small online businesses to cooling to room to salon at times when NEPA electricity has failed and believe me in Nigeria it's almost all the time .. The Buhari govt will again show it's short sightedness in this area and deliver a devastating blow to micro business owners who are the foundation of 80 percent struggling Nigeria family units by increasing petrol price and Electricity Tarriff by a whopping 50 percent and at the same time which immediately increased the operational running cost of micro businesses about 100% , my brothers and sisters this was the death knell to the economy as it triggered wave of unplanned inflation overnight and reduced demand instead of the other way round where increased demand will trigger inflation, once again the Buhari govt had turned economic theories on its head and thrown the economy in to further doldrum. Many micro business who couldn't cope with this loss of demand as result forced inflation had to die throwing millions more into uncertainty and abject poverty.


8: Poor handling of Herdsmen Farmers Clash

When farms and cattles meet there is always bound to be problem and in Nigeria this is no different but under Buhari this took a worse turn as instead of quickly using fairness and equity to resolve such tensions the Buhari govt immediately took sides with herdsmen for reasons best known to it and this immediately emboldened the herdsmen to escalate their attack as the realised there was no repercussion in sight as long as the Buhari govt continued to be one sided , this lack of will by the Buhari govt will end putting devastating blow on the foundational pillar of the Nigeria economy which is actually subsistent farming .

The Outcome : The Outcome here was hunger hunger and more hunger as many subsistent farmers fled their traditional farmlands leaving in its wake reduced agro production and inflation as agro supplies dwindled , it also led to an increase in crimes as both herders and farmers took to kidnappings and robberies in other to survive .


9 Poorly thought out Import Tarriff increases


The Buhari govt made two tax policies that I think were a really bad mistake and they are

A : Increasing tariffs on anti malarial

B: Increasing tariffs on Vehicles .

Usually govt increased import Tarriff for two reasons either to protect it's own local industries or trying to discourage the use of such . The Buhari govt will shock all by increasing the Tarriff of antimalarials citing reasons that it wanted to encourage their production at home forgetting that Nigeria was a malaria endemic zone with little or no real infrastructure to support production especially under Buhari who had recently demobilized the lending sector with his poor implementation of TSA and increase cost of all production in Nigeria, this policy was another ok advised one as I would have expected the govt to first make the economy conducive to attract investment in those sectors before thinking of increasing Tarriff.

The Outcome: The policy only succeeded in increasing the cost of healthcare and cost of vehicle in Nigeria which means a reduction in saving and disposable income for the average family unit , we didn't see the indigenous car plants or anti Malarial factories get built in Fact the policy was so bad that the Customs boss had to recently beg the Buhari govt to reduce it as it's is only encouraging smuggling and infiltration of substandard products .




I hope with these 9 points we can all agree that Buhari was 100 percent behind the slump contrary to arguments the slump was caused by other govts and Buhari only inherited it . I am in no way trying to absolve past govts of poor leadership but only trying to show the role Buhari played in expediting the slump.

Many thanks for the read and please feel free to share whether you support or not .

CC.Lalasticlala Mynd44 FP will not be bad so others can support or burst these points.

[/s]





Your rubbish should have stated -

Your crooked and corrupt looting and stealing PDP uncles emptying the treasury, late night carting away hundreds of millions of dollars out of the CBN.

Jona and okonjo stealing $2.1 billion for DASUKI/ATM to share with their looting and stealing PDP gang like Fayose, FFK, Metuh and others.

Jona borrowing hundreds of billions to pay workers salary till his last days in office

Jona and Okonjo declaring austerity measures in 2014 when oil was selling for $73/month.

Jona draining our foreign reserves to almost nothing.

Your looting and stealing PDP uncles not passing budgets till almost the end of the year.

deomelo:
[s][/s]





Your rubbish should have stated -

Your crooked and corrupt looting and stealing PDP uncles emptying the treasury, late night carting away hundreds of millions of dollars out of the CBN.

Jona and okonjo stealing $2.1 billion for DASUKI/ATM to share with their looting and stealing PDP gang like Fayose, FFK, Metuh and others.

Jona borrowing hundreds of billions to pay workers salary till his last days in office

Jona and Okonjo declaring austerity measures in 2014 when oil was selling for $73/month.

Jona draining our foreign reserves to almost nothing.

Your looting and stealing PDP uncles not passing budgets till almost the end of the year.

this thread is for facts not silly APC rumours , even Buhari has admitted thAt he met over 30 billion dollars in Foriegn reserve

[s]

SarkinYarki:


this thread is for facts not silly APC rumours , even Buhari has admitted thAt he met over 30 billion dollars in Foriegn reserve

[/s]



Ignorant ipob, i don't do rumors, I do hard facts.



.

SarkinYarki:


this thread is for facts not silly APC rumours , even Buhari has admitted thAt he met over 30 billion dollars in Foriegn reserve

Why was Jonathan borrowing money to pay salaries?