Yusman316:

The problem with many people in this country is, the moment you disagree with something they say then you automatically become a supporter of someone they don't like. They never see reason with every reasonable thing you point out, no matter how objective you sound

Personally I agree with most BUhari critics, but where we disagree is how and why he is a bad leader.

Benprass:
I won't try to hide anything but let me just say it like this

An average northern is dull
Especially those aboki
Most northern have nothing to offer they just to occupy public office so that they will have thier name on the history books

If you remove the north and his people from Nigeria within one week Nigeria will be great.

The north, buhari and Islamic are the biggest problem facing this country.

When you see a post from an illiterate even without a soothsayer telling you, you will know. Going to school alone doesn't make a person literate. So all the northerners that work for and in international organizations and countries, those organizations and countries are stupid for employing illiterates, right?

backbencher:


Personally I agree with most BUhari critics, but where we disagree is how and why he is a bad leader.

You are objectively giving reasons for why things are the way they are and at the same time showing you don't support Buhari, yet all that guy challenging you could see is, 'Buhari supporter'

ivolt:

Stop saying we. The government borrows.
The government don't have to borrow but it does.
.

I really found this your comment funny, and it shows you don't get why our economy is in the state it is now, and why it has always been in a bad state.

We borrow because we are a Dutch diseased economy

Let me quote from the article I linked you with earlier...

Corden and Neary (1982) have demonstrated how Dutch disease occurs in an economy. According to them, in a country experiencing "boom" in the export of a commodity, the economy can be divided into three sectors: the "booming" export sector, the "lagging' traditional export sector and the non-export sector. The Dutch disease occurs when the traditional export (tradable goods) sector is crowded out by the booming export sector and the non-tradable goods sector. The lagging traditional tradable goods sector may include cocoa, palm produce, cotton, rubber, coal, copper, textiles and some manufactured goods while the booming export sector may be crude oil, coffee, gold, etc. The non-tradable (non-export) goods sector covers all those goods that are produced for domestic consumption only, e.g. staple food items, clothing, building materials, locally-assembled cars.

Where crude oil (and gas) is the booming export sector, the non-oil export sector may be crowded out by the oil sector and the non-tradable goods sector of the economy. This can happen when the oil revenue windfall increases domestic demand for non-tradable goods and pushes up domestic prices leading to an appreciation of the real exchange rate which in turn reduces the competitiveness of the non-oil export sector. This will in turn lead to a reduction in non-oil exports in both quantum and value terms. The oil windfall may also lead to movement of the factors of production in the economy.

For instance, capital and labor (and land) may shift from the non-oil export sector to the oil sector (in order to maintain or increase reserves and production) and the non-tradable goods sector (to take advantage of the growing domestic demand). This explains why the increase in oil prices and the subsequent oil revenue windfall in many oil-exporting countries have tended to depress their non-oil export sector while at the same time generating a boom in both the oil and the non-tradable goods sectors. With capital and labor shifting from the non-oil export sector to the oil-sector and non-traded goods sector, firms in the non-oil export sector are forced to either close down or reduce their scale of operation.

The boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. The depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil.


For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty

.

You see why we had to borrow. And Buhari is a borrower because he did not prepare a plan for diversifying the economy and the budget away from oil dependency.

We borrow because oil, nice as it is, is not enough for our needs. That is what happened in the period from 1982-2006 and right now from 2013-date.(and even in 2009 -13 , where we had to do some borrowing.). It is the way oil dependent economies function....and is where APC Is failing us by not responding to the problem by diversifying.

Worse president ever

nzeobi:


The EFCC Boss has himself refuted the news and called it fake news but you have refused to let me cos it suits your narrative and fantasy.
Ok continue believing after you believed that 1 dollar will equal 1 naira

Is there any negative news any of the government agencies under this administration has confirmed to be true?

backbencher:


I really found this your comment funny, and it shows you don't get why our economy is in the state it is now, and why it has always been in a bad state.

We borrow because we are a Dutch diseased economy

Let me quote from the article I linked you with earlier...

.

You see why we had to borrow. And Buhari is a borrower because he did not prepare a plan for diversifying the economy and the budget away from oil dependency.

We borrow because oil, nice as it is, is not enough for our needs. That is what happened in the period from 1982-2006 and right now from 2013-date.(and even in 2009 -13 , where we had to do some borrowing.). It is the way oil dependent economies function....and is where APC Is failing us by not responding to the problem by diversifying.

Majority of the people we complained about in PDP of yesterday are they not the ones currently running things in APC and the country at large. So where will the change or diversity come from? When we are dealing with the same set of people

Yusman316:

Majority of the people we complained about in PDP of yesterday are they not the ones currently running things in APC and the country at large. So where will the change or diversity come from? When we are dealing with the same set of people

Let me let you in on a secret

Western politicians are just as corrupt as African politicians

Things work there because

1.A lot of people in the West ..ie the developed world...do the hard work of holding their politicians to account.

2.Government income in the West depends heavily on taxes, not on revenue from selling oil...so people are incentivized to do something about bad governance over there...unlike NIgeria where most money comes from oil, less from tax revenue.

Widen the tax bracket of the country with the largest number of poor people on earth......

How mentally lazy does one have to be to present this as a solution?

Transfering the responsibility of development away from the leadership to the poor masses.

Rubbish

ivandragon:
Pmb is quite simply a bad administrator & has surrounded himself with lieutenants who are nothing more than praise singers...

While borrowing cannot be discounted, a key thing that needed to be done to increase revenue in the short term was to widen the tax bracket.


https://www.google.com/url?q=https://www.vanguardngr.com/2021/10/firs-boss-only-41-million-people-pay-tax-in-nigeria-2/&sa=U&ved=2ahUKEwjZyrXIn-_0AhUQxoUKHSOrCgwQFXoECAIQBA&usg=AOvVaw0n7m20osqdozKZs95-2xOJ

Omicronvaccine:
"Buhari Has Borrowed More Than All The 14 Presidents Before Him COMBINED!" - Reno Omokri

Reno Omokri stated that the president of Nigeria, President Muhammadu Buhari has borrowed money more than all the 14 Nigerian Presidents before him combined, IgbereTV reports.

Sharing a collage photo of President Buhari and Nigeria's past leaders, Reno wrote on Instagram;


https://www.instagram.com/p/CXpEgiHjkI-/?utm_source=ig_web_copy_link

Reno my man.

benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.

fulani has battered and emasculated this dude so much to the point of drooling and grovelling at the sight of any fulani man! mumu man!

Please hausa and yourbas be wise for once...have common sense likes European and behave likes an igbo.we are not surprised with your post.before January, Muhammed buhari will borrow more money in 2022.

benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.

Just look at what a supposed adult and leader of tommorow is posting on social media.
I weep for this country.

benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.

The one that has not been buying bra up and down, what has he to show?

helinues:
STFU Reno

hellanus why should he shut up? Cos he spoke the truth?

benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.

Did you say "nobody takes reno seriously"? That must be the joke of the year.

benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.

and only if Buhari didn't invite his bandits to come help him in 2015 elections and refuse to settle them. Now they spread like wide fire. Anufiaaaa

backbencher:


The corruption makes the situation worse.

Omo

benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.

Jonathan has been out of office for 6 years. When would this curse stop. Jonathan was bad we replaced him with worse.

Omicronvaccine:
"Buhari Has Borrowed More Than All The 14 Presidents Before Him COMBINED!" - Reno Omokri

Reno Omokri stated that the president of Nigeria, President Muhammadu Buhari has borrowed money more than all the 14 Nigerian Presidents before him combined, IgbereTV reports.

Sharing a collage photo of President Buhari and Nigeria's past leaders, Reno wrote on Instagram;


https://www.instagram.com/p/CXpEgiHjkI-/?utm_source=ig_web_copy_link

So what? All the money borrowed are accounted for and are spent on infrastructure development all over different regions in the Country. Unlike your own President that borrowed money and spent frivolously and the revenue generated was stolen with his full cooperation. How can you explain a female minister stealing more money than Abacha and you still have mouth to talk. You really do not have shame nor your family trained you well at all.

tctrills:

Jonathan has been out of office for 6 years. When would this curse stop. Jonathan was bad we replaced him with worse.

Yes he has been out of office but seeds sown germinated starving the incoming government necessary funds for development

Lying attention seeking MOFO - Renomonkey

This idiot won't mention to his gullible followers that they were borrowing money just to pay salaries in 2015 not to build anything tangible.

benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.

You are fool, may you die in the past, goat
What have your current administration done so far with the money borrowed? That is what the topic is all about, no no you people will always doge it and start taking us backwards, that is the signature of a failure, looking for who to blame

itsme01:



The electoral act that he failed to sign is even what is getting me upset, loans can be repayed, but electoral reform would make Nigerian politics standard and remove money factor


.

What are the contents of the electoral reforms ?
Tell us

J3susFr3ak:


Interesting that you mention India's population size. I understand you wanted to emphasize that it is not the size of a country's population but how "productive" that population is. India's tech sector is still growing. Their fastest growth area is reflected in the boom in Tech Unicorn Startups as mentioned in this article: https://www.ibef.org/economy/indian-economy-overview-- "India is the fourth-largest unicorn base in the world with over 21 unicorns collectively valued at US$ 73.2 billion, as per the Hurun Global Unicorn List. By 2025, India is expected to have ~100 unicorns by 2025 and will create ~1.1 million direct jobs according to the Nasscom-Zinnov report ‘Indian Tech Start-up’"...

Nigeria's extremely large population is nowhere near productive even for fourth world countries. There is absolutely no policy to incubate any virile world-class tech or industrial startup scene at all. What is the point when even the basics of providing constant and stable electricity has not been mastered? Emerging markets like India and even more-so China--have since leaped far ahead because they prioritized the need to produce and export "something of value"...rather than roll around the the low-wage resource exports tier. Countries like China also understood "growth" by placing a one-child policy for a period in their history with a clear understanding of how Malthusian dynamics can doom a nation's economic growth plans. Nowadays, a more prosperous China has done away with limits to child bearing and is encouraging their young citizens to have more babies because of the greater trend of an aging population.

What has doomed Nigeria for so long is the fact that a wild out of control population growth is driven more by "political competition" rather than an a natural organic natural growth reflecting the actual capacity of citizens to take care of themselves. The various ethnic groups have not understood the types of "growth" that correlates with a high human development index--where the quality of the population means a lot more than the "quantity." Becoming a diligent "civil servant" in any tier of government is not the type of technical growth we are talking about.

Why has the budget ballooned out of control? Because a massive hydra-headed beast of a leeching Federal Government sucks in and spits out into artificially created constructs called "states" that are even more unproductive but need an unhealthy amount of subsidies from a mono-export to survive.

If I had the powers I would scrap two-thirds of the existing states, wipe away the existing local governments (those who want to exist must tax themselves to survive), create a more regional or state policing system (relieving the FG of this burden) and encourage each state to exploit more of their own resources to export for cash. Then, for each state or region...it is sink or swim time! If anyone likes, train your youths with the technology of tomorrow or train them with Almajiri and Nomadic Terrorism...it is all up to you. No more oil revenue to cover your shame anymore!

No where productive but Buhari and his unproductive North's keep producing 100 of children.

In 1982-84 nigerians suffered.. guess who was in power then...Buhari
In 2015-2022 Nigerians are suffering..guess who is in power ...buhari.

Most nigerians always suffer when Buhari is in power?
Abi you want to say the one of 1984 is oil prices too? Or that India still has a better productive population than us?

Abeg you guys should stop defending buharis failure....it irritating seriously


By the way your ending is way Nigerians are asking for, True federalism. We can't sustain the current system we are practicing. States needs to start being in control of their future.
We have to go back to regionalism
This time just 5 regions..
Eastern, Western, southern, northern, and Midwest region will be idea and save us alot of money than this current system.

We outh to have started it with first the E-Voting and State policing system your Dear president has refused to signed into law.

Timmi:


Yes he has been out of office but seeds sown germinated starving the incoming government necessary funds for development

I don't get it. Was he suppose to provide the funds for the next government?
Or is buhari borrowing all these billions to fund the next government?

backbencher:


We weren't living better under Obasanjo.

Things were just as bad then

They are worse because our population is higher than it was then,and by extension our Forex needs

Note that I am.not defending Bihari. The problem with both Buhari and Obasanjo is that if they had pursued policies that diversified our economy away from oil we would have been in a much better place than when Obasanjo was in power.

Buhari is a bad leader. Where we disagree is why he is a bad leader

Ok really? Was our population higher in 1984 when Buhari was head of state and Nigerians were suffering?.

See we live better doing Obasenjo. Doing Obasenjo I was in primary school .a private one. I could boast of eating 3 times daily. I could boast things were far easier from my family. But the devil Buhari came in things became extremely hard.
You know the worst 2015 I campaigned for Buhari and my parents warned me told me how they suffered in 1982-84 I refused to reason it. I believe things will be different this time but they ain't .
You complain of higher population now than doing Obasenjo.. in 1984 was the population higher than Obasenjo era too?

Horlufemi:
Reno is a Foolish hypocrite Pastor.

Reno said he will never speak on politics again, he's still showing in politics. The man he's fighting for is good friends with Buhari. The man he's fighting for is working for APC, the man he's fighting for is working with PDP, the man he's fighting for is at peace with Buhari and the man he's fighting for did nothing for igboland (prove me wrong)

He calls Buhari a tyrant but everyone who has a contrary opinion cannot share theirs but gets blocked. I've never seen such hypocrite in my life.

Can he compensate for inflation and cube back and meet me?

He's saying Buhari borrowed. The ones that didn't borrow, where are the projects. Please list all the projects that were completed and I'll show you 5x more abandoned projects even the ones that never started especially that 16bn.

When it comes to the masses direct improvement of life Buhari failed woefully. Insecurity, economy, inflation but truth be told he has done now infrastructure than past presidents combined.

Reno is just a manipulative hater and not a Christian the Holy Spirit has left him a long time ago.

I will tell it to his face and he cannot block me in real life he can only kill me to shut me up from telling him the truth.

Nonsense human being.

Afonja Muslim has no shame.

benuejosh:
If only Jonathan's government did what was right with our money instead of buying bra up and down.

Notably, Reno, Fayose, Nnamdi Kanu, Fani Kayode and Ortom are brids of a feather. They talk before thinking. No body takes them serious.

And what has this useless Government that is not buying Bra done, see u wen don think b4 before u talk.

ifiokjohn:
Ok really? Was our population higher in 1984 when Buhari was head of state and Nigerians were suffering?.

In 1984, we were two years into the oil crash. As a result, the economy was in a bad state....and had been for two years.

The crash happened in 1982. That meant that the economy collapsed due to lack of forex. Shagari was already calling for austerity measures by 1983.

What Buhari should have done was to take measures to diversify the economy then. He did not.

See we live better doing Obasenjo. Doing Obasenjo I was in primary school .a private one. I could boast of eating 3 times daily. I could boast things were far easier from my family. But the devil Buhari came in things became extremely hard.

During the hard times of Buhari and IBB in 1983-92 ,I also went to a private school, and ate three times a day, and also enjoyed. But it does not mean the economy was in a good state then. (By 1989, parents were running side hustles like most people to fund our lifestyle. Plus we cut coat well well.)

The economy was in a bad state. Then, and now, even under Obasanjo (Infact in 2003, the argument used by Obasanjo supporters then was that since OBJ 'failed' he should be allowed to 'repeat'.

You know the worst 2015 I campaigned for Buhari and my parents warned me told me how they suffered in 1982-84 I refused to reason it. I believe things will be different this time but they ain't

I never ever campaigned for Buhari at all. I have supported third parties since 1999.

In 1982, Shagari was in charge, and in charge till December 1983....Buhari took over Dec 31 and was in charge from then till August 1985.

The harsh truth was that we had an economic crisis due to oil price crash.

.

This explains why the increase in oil prices and the subsequent oil revenue windfall in many oil-exporting countries have tended to depress their non-oil export sector while at the same time generating a boom in both the oil and the non-tradable goods sectors. With capital and labor shifting from the non-oil export sector to the oil-sector and non-traded goods sector, firms in the non-oil export sector are forced to either close down or reduce their scale of operation. The boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. The depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil. For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty.

Focus on the bolded, it's why we had issues in 1982-4..and eventually to 1990 (in 1986, IBB brought in SAP).

Buhari and many of his successors failed in one thing....they did not respond to the problem by diversification.

You complain of higher population now than doing Obasenjo.. in 1984 was the population higher than Obasenjo era too?

In 1984, less than 300000 Nigerians had access to a telephone. Under Obasanjo, that jumped up to 22 million or so. That means...more forex, higher dependence on revenue

Plus in 1984, our economy was bad. In 2004 our economy was bad. Simple reason....we were a resource dependent country, and we still are.

backbencher:


In 1984, we were two years into the oil crash. As a result, the economy was in a bad state....and had been for two years.

The crash happened in 1982. That meant that the economy collapsed due to lack of forex. Shagari was already calling for austerity measures by 1983.

What Buhari should have done was to take measures to diversify the economy then. He did not.



During the hard times of Buhari and IBB in 1983-92 ,I also went to a private school, and ate three times a day, and also enjoyed. But it does not mean the economy was in a good state then. (By 1989, parents were running side hustles like most people to fund our lifestyle. Plus we cut coat well well.)

The economy was in a bad state. Then, and now, even under Obasanjo (Infact in 2003, the argument used by Obasanjo supporters then was that since OBJ 'failed' he should be allowed to 'repeat'.




I never ever campaigned for Buhari at all. I have supported third parties since 1999.

In 1982, Shagari was in charge, and in charge till December 1983....Buhari took over Dec 31 and was in charge from then till August 1985.

The harsh truth was that we had an economic crisis due to oil price crash.

.

Focus on the bolded, it's why we had issues in 1982-4..and eventually to 1990 (in 1986, IBB brought in SAP).

Buhari and many of his successors failed in one thing....they did not respond to the problem by diversification.




In 1984, less than 300000 Nigerians had access to a telephone. Under Obasanjo, that jumped up to 22 million or so. That means...more forex, higher dependence on revenue

Plus in 1984, our economy was bad. In 2004 our economy was bad. Simple reason....we were a resource dependent country, and we still are.

You have really found a way to defend Buhari.

Well you said because of crash in oil prices..abeg why after Buhari left in 85, why did things improve immediately unlike when he was there and people were standing on line for basic stuffs like sugar etc?

As soon as Buhari was pushed off power things improved for Nigerians.


Thank God you said the Advent of telephone in Nigeria brought a new means of forex , but you forget that is just one means of forex.. but now doing Buhari time we have social media and others means of getting forex at present than doing obj 1999-2007.

backbencher:


In 1984, we were two years into the oil crash. As a result, the economy was in a bad state....and had been for two years.

The crash happened in 1982. That meant that the economy collapsed due to lack of forex. Shagari was already calling for austerity measures by 1983.

What Buhari should have done was to take measures to diversify the economy then. He did not.



During the hard times of Buhari and IBB in 1983-92 ,I also went to a private school, and ate three times a day, and also enjoyed. But it does not mean the economy was in a good state then. (By 1989, parents were running side hustles like most people to fund our lifestyle. Plus we cut coat well well.)

The economy was in a bad state. Then, and now, even under Obasanjo (Infact in 2003, the argument used by Obasanjo supporters then was that since OBJ 'failed' he should be allowed to 'repeat'.




I never ever campaigned for Buhari at all. I have supported third parties since 1999.

In 1982, Shagari was in charge, and in charge till December 1983....Buhari took over Dec 31 and was in charge from then till August 1985.

The harsh truth was that we had an economic crisis due to oil price crash.

.

Focus on the bolded, it's why we had issues in 1982-4..and eventually to 1990 (in 1986, IBB brought in SAP).

Buhari and many of his successors failed in one thing....they did not respond to the problem by diversification.




In 1984, less than 300000 Nigerians had access to a telephone. Under Obasanjo, that jumped up to 22 million or so. That means...more forex, higher dependence on revenue

Plus in 1984, our economy was bad. In 2004 our economy was bad. Simple reason....we were a resource dependent country, and we still are.

You have really found a way to defend Buhari.

Well you said because of crash in oil prices..abeg why after Buhari left in 85, why did things improve immediately unlike when he was there and people were standing on line for basic stuffs like sugar etc?

As soon as Buhari was pushed off power things improved for Nigerians.


Thank God you said the Advent of telephone in Nigeria brought a new means of forex , but you forget that is just one means of forex.. but now doing Buhari time we have social media and others means of getting forex at present than doing obj 1999-2007


Doing obj how many means apart from oil we could use to get forex?
Now doing Buhari at present...how many means about from oil we could get forex and then compare