IS PMB AN ECONOMIST?
In May 2015, Buhari was inaugurated

In Dec 2015, Argentina's President Macri was inaugurated

1. International monetary fund (IMF) offered Nigeria & Argentina loans

Argentina received $50bn from IMF

Buhari declined.
2. IMF asked Nigeria & Argentina to devalue their currencies

Argentina devalued their currency by 566%.

PMB resisted devaluation of Naira.

3. IMF asked Nigeria & Argentina to stop defending their currency.

Argentina stop defending their currency through their central bank.
CBN defended our currency & put dollar withdrawal limit to $1000 monthly. That was when some foreign students rain curses on Buhari.

LET'S COMPARE ARGENTINA & NIGERIA TODAY:

Argentina can't pay the $50bn they borrowed from IMF.

Nigeria has 0.0000 debt from IMF.
Today, inflation (cost of goods) in Argentina is 54.3%

Inflation in Nigeria is 11.24%

Argentina now puts monthly dollar withdrawal limit to $200.

Nigeria now lifts its dollar withdrawal limit.
Had Buhari not held his ground and rejected IMF's offer, we might have ended up like Argentina.

Nigeria is heading towards the right direction and I'm proud to be part of this evolution.

Credit : Valiant Samson Idowu

Your President knows nothing about Economics. It's the Economic team that took these decisions and all they needed to do was to weigh the pros and cons of their decision with his approval on any they think is the best. An institution worthy of our mention here is the CBN.

Before I forget, your country is very much indebted. That it's not owing IMF doesn't mean it's not owing other countries or institutions. Argentina just elected a new president, I hope this one does better.