POTUT:

I didn't say he has met those commitments. I am only saying[b] his words have drawn him deep into commitments he cannot afford to walk away from[/b], unless, like you have said, he is a wavering, undecided individual.

GenBuhari:

I do not believe for one second that  the foriegn reserves OBJ claimed to have built up were genuine, he probably cooked the books with the central bank and may ave temporary moved money about.  I believe it  was part of his strategy for for a 3rd term.

GenBuhari:


How can you not have the basics (electricity, security, health ,water)  and yet claim to have amassed $50bn in foriegn reserves?.

How can you use foreign reserves to attract foriegn investment, when there is no electricity or security or infrastructure necessary for such investment?

agabaI23:

This was in 2008 by then OBJ was no longer the president so third term saga was no longer an issue. Do not forget that oil went for $140/barrel.
Countries with large foreign are seen by international investors as investors haven. At the time that we had up to $50bn, we had many companies coming mostly for the banks. After the global melt in 2008, the reserve nose dived and most investors fled. That affected the likes of intercontinental bank that had so much foreign investment. Foreign reserve size is one of the indices that is looked into by foreign investors.
Nigeria had enough money in recent years to provide social amenities. They provided some and left huge amount unattended to.
We still have but somehow the money finds its way into private pockets.

This your 24%to 4%, abi we never talk am finish before? BTW 1.5 years is equal to 18 months, Buhari was there for 20 months.

9ijaMan:

It is either you are a poor student of economics or you simply don't have a clue about international investment. It is terribly delusional for any sane mind to conclude that foreign reserve is a major factor for attracting FDI (Foreign Direct Investment) into a nation. Ghana, Rwanda and a host of other countries which have finally been able to get their economic perspectives right have far external reserves far less than Nigeria, yet these countries enjoy continued and increasing FDI.

Your foreign reserve plays a minimal role in attracting investors. A stable economy, with good social amenities (roads, healthcare, power, security) and relatively stable and virile political atmosphere are the major factors which are appealing for FDIs to flow into the country. Unfortunately we do not have any of such primary incentives. FDIs shy away from corrupt nation regardless of the value of your foreign reserve.

Ghana's foreign reserves today is most likely under $5 billion (see the figures for end of 2009 in the link below), yet investors (including Nigerians) are trouping into the company to invest. Why? It's simple, Ghana is politically stable, the

http://business.peacefmonline.com/economy/201002/38082.php

I have told you in previous threads that lying will not take you anywhere as you'll be exposed over and over again. Stop making false claims about subjects which you are half baked on.

This was in 2008 by then OBJ was no longer the president so third term saga was no longer an issue. Do not forget that oil went for $140/barrel.
Countries with large foreign are seen by international investors as investors haven. At the time that we had up to $50bn, we had many companies coming mostly for the banks. After the global melt in 2008, the reserve nose dived and most investors fled. That affected the likes of intercontinental bank that had so much foreign investment. Foreign reserve size is one of the indices that is looked into by foreign investors.
Nigeria had enough money in recent years to provide social amenities. They provided some and left huge amount unattended to.
We still have but somehow the money finds its way into private pockets.

This your 24%to 4%, abi we never talk am finish before? BTW 1.5 years is equal to 18 months, Buhari was there for 20 months.

How can you not have the basics (electricity, security, health ,water)  and yet claim to have amassed $50bn in foriegn reserves?.

How can you use foreign reserves to attract foriegn investment, when there is no electricity or security or infrastructure necessary for such investment?

tara2:

Only in Nigeria that facts like this gets turned upside down. Some Nigerians will never see the point and argue blindly.
It's a Nigerian mentality to give N300,000 party spree and the next day borrow N20 for a bus ride to work.

You have $50bn in Foreign Reserve but people are using toilet in the bush and sleep in darkness all nite long, and no water to bath properly after sweating all nite long.

You think, Nigerian people, by now-2011, will demand their Govt. to take the $50bn and create one good liveable State to show their way of thinking is in the right track. NO, instead they ride their new latest BMW in potholes roads, while the poor paise them by shouting Baba Sir, give us something for food. He throws a few Naira into the crowd and say, make sure you Vote for me in the coming election,  okay.

YES SIR, NA GO DEY BABA.

9ijaMan:


@agabaI23,
I will admit to have missed your "one of the indices" comment, but I still maintain that foreign reserve has very little effect, if any, oon how investors will view Nigeria. Isn't it shameful that with Nigeria's external reserves almost 12 times what Ghana had soem years ago, Ghana still attracted more FDIs than Nigeria did.

Stop the delusion and deceptive argument. Go back to your economics class and listen attentively to your teachers.

agabaI23:

Now having accepted that you made a mistake, should I call you a lair, deluded, deceptive, unintelligent?
No I will not because I know that even computer programmes are prone to error.

I will excuse you because your zeal for Buhari can only be matched with that of BEAF for GEJ.

BTW that you cannot face my point head on does not make it deceptive.

I argue when I have point to put across if I do not have a valid contrary opinion, I do accept your point of keep quiet. You do not have to be me but calm down, it is only an election except you are OBJ that declared that an elections is a do or die affair.

Kobojunkie:
[size=13pt]Coup Speech of Major-General Muhammadu Buhari, January 1, 1984[/size]
Please read carefully~

In pursuance of the primary objective of saving our great nation from total collapse, I, Major-General Muhammadu Buhari of the Nigerian army have, after due consultation amongst the services of the armed forces, been formally invested with the authority of the Head of the Federal Military Government and the Commander-in-Chief of the armed forces of the Federal Republic of Nigeria. It is with humility and a deep sense of responsibility that I accept this challenge and call to national duty.

As you must have heard in the previous announcement, the constitution of the Federal Republic of Nigeria (1979) has been suspended, except those sections of it which are exempted in the constitution.The change became necessary in order to put an end to the serious economic predicament and the crisis of confidence now afflicting our nation. Consequently, the Nigerian armed forces have constituted themselves into a Federal Military Government comprising of a Supreme Military Council, a National Council of States, a Federal Executive Council at the centre and State Executive Councils to be presided over by military governors in each of the states of the federation. Members of these councils will be announced soon.The last Federal Military Government drew up a programme with the aim of handing over political power to the civilians in 1979. This programme as you all know, was implemented to the letter. The 1979 constitution was promulgated. However, little did the military realise that the political leadership of the second republic will circumvent most of the checks and balances in the constitution and bring the present state of general insecurity. The premium on political power became so exceedingly high that[ political contestants regarded victory at elections as a matter of life and death struggle and were determined to capture or retain power by all means.

. . . . .

Caseless:
Phockphockman, have u read this speech? Read and tel me what u understand.

PhockPhockMan:
Two wrongs can never make a right. In this case Buhari was wrong. All statistics showed that Buhari left Nigeria more indebted than he met it. The economy was not better either, Nigerians lost their human rights. Look at the last stanza of the speech, you will agree with me that Buhari is a useless hypocrite, how can he hing his actions on desperation and do or die nature of politicians when in actual sense he's the most desperate politician whose thirst for presidential seat reeks do or die.

gists:


All Buhari need is the APC ticket. Once that is secured, your like can go and hug a wet transformer. Oh I forgot, there is electricity - what a transformation after PHCN privatization.

PhockPhockMan:
Two wrongs can never make a right. In this case Buhari was wrong. All statistics showed that Buhari left Nigeria more indebted than he met it. The economy was not better either, Nigerians lost their human rights. Look at the last stanza of the speech, you will agree with me that Buhari is a useless hypocrite, how can he hing his actions on desperation and do or die nature of politicians when in actual sense he's the most desperate politician whose thirst for presidential seat reeks do or die.

Caseless:
phockery, i knw u'd come off like this. U ignored d part he sounded as not being part of d coup that brought him into power and so many other things.
Liar!!

hbrednic:
Buhari is a wolf, Nigerians will never forget the hardship suffered under this mans draconian rule,
this the man that refused to call for an election,maybe he wanted to rule forever ( thank God IBB threw him out ).
the same man that jailed Tai Solarin 4 distributing leaflets calling for a return to democracy.

ekubear1:
Great post, Kobojunkie.

naijaking1:
Do we have IBB's coup speech on why he deposed Buhari. That will be a good summation of Buhari's regime too, and a pointer for all those supporting his present campaign.

hbrednic:
Buhari is a wolf, Nigerians will never forget the hardship suffered under this mans draconian rule,
this the man that refused to call for an election,maybe he wanted to rule forever ( thank God IBB threw him out ).
the same man that jailed Tai Solarin 4 distributing leaflets calling for a return to democracy.

md4real:
Guys seriously, read buhari's speech again and ask yourself, aint everything he is saying still the same issue we are suffering from.
Let give this guy a chance to fix this nation.

Kobojunkie:
[size=13pt]Coup Speech of Major-General Muhammadu Buhari, January 1, 1984[/size]
Please read carefully~

In pursuance of the primary objective of saving our great nation from total collapse, I, Major-General Muhammadu Buhari of the Nigerian army have, after due consultation amongst the services of the armed forces, been formally invested with the authority of the Head of the Federal Military Government and the Commander-in-Chief of the armed forces of the Federal Republic of Nigeria. It is with humility and a deep sense of responsibility that I accept this challenge and call to national duty.

As you must have heard in the previous announcement, the constitution of the Federal Republic of Nigeria (1979) has been suspended, except those sections of it which are exempted in the constitution.The change became necessary in order to put an end to the serious economic predicament and the crisis of confidence now afflicting our nation. Consequently, the Nigerian armed forces have constituted themselves into a Federal Military Government comprising of a Supreme Military Council, a National Council of States, a Federal Executive Council at the centre and State Executive Councils to be presided over by military governors in each of the states of the federation. Members of these councils will be announced soon.The last Federal Military Government drew up a programme with the aim of handing over political power to the civilians in 1979. This programme as you all know, was implemented to the letter. The 1979 constitution was promulgated. However, little did the military realise that the political leadership of the second republic will circumvent most of the checks and balances in the constitution and bring the present state of general insecurity. The premium on political power became so exceedingly high that political contestants regarded victory at elections as a matter of life and death struggle and were determined to capture or retain power by all means.

. . . . .