[flash=400,400]
https://www.youtube.com/watch?v=YmG_dYY7YRA[/flash]

Could u post the transcript of the speech?

no niid to waste mt data bundle to stream,

hu cares??

even if he says d right thing,

i'd prefer to hear it from hon. patrick,

What exactly is Buhari saying? He was behind the removal of subsidies in abacha's time, he was behind the advent of the word, "subsidy" into the Nigeria lexicon as petroleum minister, head of PTF and of course, as head of state.

It is quite disingenious for a man of his status to suddenly disown the baby he brought into this World, simply because it is damn ugly.

see this one talking
who invited you to this
are you done with your court issue , abi your money don finish

Subsidy is evil when Buhari condemns it and its ok when GEJ champions it - that is your reasoning, O great Beaf, abi?

DrummaBoy:

Subsidy is evil when Buhari condemns it and its ok when GEJ champions it - that is your reasoning, O great Beaf, abi?

Remember your clock is ticking down. Tick, tock, tick. . .

Imanuelle:

no niid to waste mt data bundle to stream,

hu cares??

even if he says d right thing,

i'd prefer to hear it from hon. patrick,

You don't care
you will wait so long for your preferred Patrick.I wish we could always face the fact

EPOMA:

You don't care
you will wait so long for your preferred Patrick.I wish we could always face the fact

na u go wait taya,

what will be done, will be done,

u cant change it,


besides bro, patrick has already spoken

Beaf:

What exactly is Buhari saying? He was behind the removal of subsidies in abacha's time, he was behind the advent of the word, "subsidy" into the Nigeria lexicon as petroleum minister, head of PTF and of course, as head of state.

It is quite disingenious for a man of his status to suddenly disown the baby he brought into this World, simply because it is damn ugly.

Bring you facts you fool, how are they subsidizing , that is what we should ask. How come we don't hear all this in other oil producing countries as much as we hear in Nigeria. They should subsidize their pockets

[size=18pt]General Buhari's Maiden Speech:  -  January 1984[/size]

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.



It is true that there is a worldwide economic recession. However, in the case of Nigeria, its impact was aggravated by mismanagement. We believe the appropriate government agencies have good advice but the leadership disregarded their advice. The situation could have been avoided if the legislators were alive to their constitutional responsibilities; Instead, the legislators were preoccupied with determining their salary scales, fringe benefit and unnecessary foreign travels, et al, which took no account of the state of the economy and the welfare of the people they represented. As a result of our inability to cultivate financial discipline and prudent management of the economy, we have come to depend largely on internal and external borrowing to execute government projects with attendant domestic pressure and soaring external debts, thus aggravating the propensity of the outgoing civilian administration to mismanage our financial resources. Nigeria was already condemned perpetually with the twin problem of heavy budget deficits and weak balance of payments position, with the prospect of building a virile and viable economy.




The last general election was anything but free and fair. The only political parties that could complain of election rigging are those parties that lacked the resources to rig. There is ample evidence that rigging and thuggery were relative to the resources available to the parties. This conclusively proved to us that the parties have not developed confidence in the presidential system of government on which the nation invested so much material and human resources.While corruption and indiscipline have been associated with our state of under-development, these two evils in our body politic have attained unprecedented height in the past few years. The corrupt, inept and insensitive leadership in the last four years has been the source of immorality and impropriety in our society. Since what happens in any society is largely a reflection of the leadership of that society, we deplore corruption in all its facets. This government will not tolerate kick-backs, inflation of contracts and over-invoicing of imports etc. Nor will it condone forgery, fraud, embezzlement, misuse and abuse of office and illegal dealings in foreign exchange and smuggling.



Arson has been used to cover up fraudulent acts in public institutions. I am referring to the fire incidents that gutted the P&T buildings in Lagos, the Anambra State Broadcasting Corporation, the Republic Building at Marina, the Federal Ministry of Education, the Federal Capital Development Authority Accounts at Abuja and the NET Building. Most of these fire incidents occurred at a time when Nigerians were being apprehensive of the frequency of fraud scandals and the government incapacity to deal with them. Corruption has become so pervasive and intractable that a whole ministry has been created to stem it.



Fellow Nigerians, this indeed is the moment of truth. My colleagues and I – the Supreme Military Council, must be frank enough to acknowledge the fact that at the moment, an accurate picture of the financial position is yet to be determined. We have no doubt that the situation is bad enough. In spite of all this, every effort will be made to ensure that the difficult and degrading conditions under which we are living are eliminated. Let no one however be deceived that workers who have not received their salaries in the past eight or so months will receive such salaries within today or tomorrow or that hospitals which have been without drugs for months will be provided with enough immediately.We are determined that with the help of God we shall do our best to settle genuine payments to which government is committed, including backlog of workers’ salaries after scrutiny. We are confident and we assure you that even in the face of the global recession, and the seemingly gloomy financial future, given prudent management of Nigeria’s existing financial resources and our determination to substantially reduce and eventually nail down rises in budgetary deficits and weak balance of payments position.The Federal Military Government will reappraise policies with a view to paying greater attention to the following areas:



The economy will be given a new impetus and better sense of direction.
Corrupt officials and their agents will be brought to book.
In view of the drought that affected most parts of the country, the federal government will, with the available resources, import food stuffs to supplement the shortfalls suffered in the last harvest.
Our foreign policy will both be dynamic and realistic. Africa will of course continue to be the centre piece of our foreign policy. The morale and combat readiness of the armed forces will be given high priority. Officers and men with high personal and professional integrity will have nothing to fear.



The Chief Justice of Nigeria and all other holders of judiciary appointments within the federation can continue in their appointments and the judiciary shall continue to function under existing laws subject to such exceptions as may e decreed from time to time by the Federal Military Government. All holders of appointments in the civil service, the police and the National Security Organisation shall continue to exercise their functions in the normal way subject to changes that may be introduced by the Federal Military Government. All those chairmen and members of statutory corporations, parastatals and other executive departments are hereby relieved of their appointments with immediate effect.



The Federal Military Government will maintain and strengthen existing diplomatic relations with other states and with international organisations and institutions such as the Organisation of African Unity, the United Nations and its organs, Organisation of Petroleum Exporting Countries, ECOWAS and the Commonwealth etc. The Federal Military Government will honour and respect all treaties and obligations entered into by the previous government and we hope that such nations and bodies will reciprocate this gesture by respecting our country’s territorial integrity and sovereignty.




Fellow Nigerians, finally, we have dutifully intervened to save this nation from imminent collapse. We therefore expect all Nigerians, including those who participated directly or indirectly in bringing the nation to this present predicament, to cooperate with us. This generation of Nigerians, and indeed future generations, have no country other than Nigeria. We shall remain here and salvage it together.

May God bless us all. Good morning.



https://www.nairaland.com/nigeria/topic-693700.64.html

^^^^^^^^^^^^
you have started again oo
with this your 'copy crap and paste crap' method

Buhari should go take a swim in the atlantic. What does he know?
Subsidy or no-subsidy is serious economics puzzle.
It is not boko haram, almagiri or extrimism.

^^^^^^^^^^^

Fuel subsidy is corruption – Buhari
•Carpets FG over Sovereign Wealth Fund
From AIDOGHIE PAULINUS, Abuja
Thursday, October 20, 2011


More Stories on This Section

A new twist was yesterday added to the crisis trailing the controversial fuel subsidy with former Head of State, General Muhammadu Buhari, saying it is corruption. Buhari, who was the Federal Commissioner of Petroleum and Natural Resources in 1976, under the military regime of General Olusegun Obasanjo, said that fuel subsidy is one way through which those who are presiding over Nigeria have been taking resources out of the treasury.

He said that there is no such thing as subsidy, saying “it is corruption that they are calling subsidy.” The presidential candidate of the Congress for Progressive Change (CPC) in the April, 2011 election, who spoke through his spokesman, Yinka Osumakin, noted that in this country, we were refining petroleum, we had four refineries and gradually, they went underground because people are making huge money from the so-called subsidy.

“When you read the papers today (yesterday), you will see that the Federation Account Allocation Committee (FAAC) meeting yesterday, ended in a stalemate because of the illegal deduction of the so-called N250 billion subsidy.
“Part of the things they do, is that they bring fuel into this country and when the fuel gets to the port, they allow it to stay there for several days, paying demurrage, which they pass on to the Nigerian National Petroleum Corporation (NNPC) and that is part of what they call subsidy.

“It is a big scam and it is because those people don’t love this country, that is why it is easier for them to do this kind of scam. It is unfortunate and it is a question of corruption.“They should stop deceiving the people by talking about subsidy. There is no such thing in the country today,” Buhari said. The former Head of State, however, said that the way out of the situation is very clear, saying “we must fix our refineries and refine our petroleum products locally.”

Hear him: “There is nothing stopping us in refining petroleum products in Nigeria. In the past, we were refining and exporting refined petroleum products to other countries.“Why must petroleum be landing in Nigeria? Nigeria should be exporting petroleum products to other countries and not the other way round.

“Niger Republic are building refineries now to refine petroleum products. Why can’t Nigeria do that?
“The Chairman of the Peoples Democratic Party’s (PDP) Board of Trustees, former President Olusegun Obasanjo, went to Geneva recently to say that this administration cannot fight corruption. If the government is not deceitful, it won’t be talking about subsidy on oil today.

“It is corruption and so, Nigerians must insist that the oil sector must be run transparently and that we must fix our refineries and refine petroleum products locally and stop this scam of subsidy now and then.”
Buhari also carpeted the Presidency over the Sovereign Wealth Fund, (SWF), saying it is a question of resource sharing and a fact that the Federal Government wants to set up funds in Sovereign Trust which the governors have opposed.
“The governors have made a point that they don’t trust the Federal Government to handle such money and I think it is a fundamental issue because if the governors cannot trust the Federal Government over money, then, how can the people trust the Federal Government?

“In the last two months now, the FAAC meeting had ended in a deadlock over the fact that the Federal Government cannot explain to them what is being generated and what is being deducted. So, once there is no trust in government, then there is no honour. It is a fundamental problem.

“The fears of the governors is genuine about the fact that this is another money that will be set aside and become another Petroleum Development Trust Fund (PTDF) or a slush fund for the Federal Government.“Now that the Federal Government has gone ahead despite the opposition of the governors, that shows that there is more to this than the question of Sovereign Wealth,” Buhari added.


Customize

3rd January 1984  ITN News (video clips)
[size=18pt]Buhari moves fast to rescue economy with prompt debt repayment few days after his military take over[/size]

Look at Nigerian economy after takeover by military rulers who have just paid off $50m loan;

[flash=500,500]
https://www.youtube.com/watch?v=15xapP50Sf0?version=3[/flash]

http://www.itnsource.com/shotlist//ITN/1984/01/03/AS030184006/?s=nigeria&st=2&pn=96&sortBy=date



[flash=500,500]
https://www.youtube.com/watch?v=EBCRTG_tMu0?version=3[/flash]

http://www.itnsource.com/shotlist//ITN/1984/01/03/AS030184020/?s=nigeria&st=2&pn=96&sortBy=date



https://www.nairaland.com/nigeria/topic-693700.64.html

Guys,
Please speak honestly and judiciously on this matter. This is not the time to indulge Mr Goodluck. We must stand firm, no alluding to Buhari or the likes.
I am sick and tired of this country. I may just sell my house and relocate. Jonathan Goodluck I havent seen the luck u brought to rule us ooooo, fuel subsidy removal my foot!

mathskill:

“It is a big scam and it is because those people don’t love this country, that is why it is easier for them to do this kind of scam. It is unfortunate and it is a question of corruption.“They should stop deceiving the people by talking about subsidy. There is no such thing in the country today,” Buhari said. The former Head of State, however, said that the way out of the situation is very clear, saying “we must fix our refineries and refine our petroleum products locally.”

Hear him: “There is nothing stopping us in refining petroleum products in Nigeria. In the past, we were refining and exporting refined petroleum products to other countries.“Why must petroleum be landing in Nigeria? Nigeria should be exporting petroleum products to other countries and not the other way round.

“Niger Republic are building refineries now to refine petroleum products. Why can’t Nigeria do that?
“The Chairman of the Peoples Democratic Party’s (PDP) Board of Trustees, former President Olusegun Obasanjo, went to Geneva recently to say that this administration cannot fight corruption. If the government is not deceitful, it won’t be talking about subsidy on oil today.

“It is corruption and so, Nigerians must insist that the oil sector must be run transparently and that we must fix our refineries and refine petroleum products locally and stop this scam of subsidy now and then.”
Buhari also carpeted the Presidency over the Sovereign Wealth Fund, (SWF), saying it is a question of resource sharing and a fact that the Federal Government wants to set up funds in Sovereign Trust which the governors have opposed.
“The governors have made a point that they don’t trust the Federal Government to handle such money and I think it is a fundamental issue because if the governors cannot trust the Federal Government over money, then, how can the people trust the Federal Government?

“In the last two months now, the FAAC meeting had ended in a deadlock over the fact that the Federal Government cannot explain to them what is being generated and what is being deducted. So, once there is no trust in government, then there is no honour. It is a fundamental problem.

“The fears of the governors is genuine about the fact that this is another money that will be set aside and become another Petroleum Development Trust Fund (PTDF) or a slush fund for the Federal Government.“Now that the Federal Government has gone ahead despite the opposition of the governors, that shows that there is more to this than the question of Sovereign Wealth,” Buhari added.

Customize

These are the issues they should address rather than hurriedly remove fuel subsidy without even deeming it fit to engage/communicate with the people before including it in 2012 budget.

of course, i didnt read what you posted above.

An old failure like buhari wouldnt just accept fate.

Same problem with Gaddafi, a new time has come and you are not part of their destiny , accept it and form states man, simple!

Even bakare prophesied it in 2007, obj, atiku, BUHARI, are not part of the new order.

Old man rest, leave naija alone.

EPOMA:

Bring you facts you fool, how are they subsidizing , that is what we should ask. How come we don't hear all this in other oil producing countries as much as we hear in Nigeria. They should subsidize their pockets

You will always abuse because you are empty, sir. It doesn't change easily verifiable facts.

Buhari has spent 90% of his political life being chairman of the NNPC. He formed NNPC into what it is today. Indeed, Buhari was its first head in 1977 during the period corruption set into the oil industry (Decree 33, NNOC & MPR extinguished).
He was also petroleum minister under Obasanjo, PTF chairman under Abacha (whom he claims never stole a penny).
With Buhari under Abacha, there was rampant removal of the "subsidy" and award of importation contracts to cronies, Buhari became the chairman of the Petroleum Trust Fund (PTF) that disbursed monies accrued from the removal of "subsidies."

So tell me, is Buhari being honest, or is he just flying an ugly populist kite?

Below is a compilation of the way governments over the years have removed what it claimed to be subsidies on petroleum products.

1978, 15kobo per litre
1990, 60kobo per litre
1992, 70kobo per litre
1993, N3.25kobo and N11 per litre
And from 1994 to 1998 the official pump price hovered around N11.0k per liter – these happened during the military era.

http://www.vanguardngr.com/2011/10/subsidy-removal-a-history/

In 1978, Buhari was the head of NNPC.

Mind you, during General Sani Abacha’s maximum dictatorship, the Petroleum Trust Fund, PTF, was set up to warehouse subsidy funds for special interventionist engagements

http://www.vanguardngr.com/2011/10/subsidy-removal-a-history/

Beaf:

You will always abuse because you are empty, sir. It doesn't change easily verifiable facts.

Buhari has spent 90% of his political life being chairman of the NNPC. He formed NNPC into what it is today. Indeed, Buhari was its first head in 1977 during the period corruption set into the oil industry (Decree 33, NNOC & MPR extinguished).
He was also petroleum minister under Obasanjo, PTF chairman under Abacha (whom he claims never stole a penny).
With Buhari under Abacha, there was rampant removal of the "subsidy" and award of importation contracts to cronies, Buhari became the chairman of the Petroleum Trust Fund (PTF) that disbursed monies accrued from the removal of "subsidies."

So tell me, is Buhari being honest, or is he just flying an ugly populist kite?

http://www.vanguardngr.com/2011/10/subsidy-removal-a-history/

In 1978, Buhari was the head of NNPC.

http://www.vanguardngr.com/2011/10/subsidy-removal-a-history/

COUNTRY REPORT
NIGERIA
Development: PTF - shining in the gloom
The Petroleum Trust Fund, headed by former President, Gen. Buhari, has confounded all its critics. As a development agency, it has succeeded spectacularly where all others failed. Pini Jason has the details.

The one silver lining to emerge from the current heavy economic cloud must be the performance of the Petroleum (Special) Trust Fund (PTF). In October 1994, General Sani Abacha hiked the pump price of petrol from N3.25 to N11 per litre, promising, with Decree 25, to set up a Petroleum Trust Fund to distribute the gains from the increase on social and infrasturctural projects. The board of the fund, headed by former Head of State, Major-General Muhammadu Buhari, was eventually inaugurated on March 21, 1995.

The Fund began with an initial capital of about N60bn in 1996. Its all encompassing mandate includes the rehabilitation of roads and waterways, educational and health institutions, providing textbooks and stationary, procuring essential drugs and vaccines, providing water supply systems, reviving crumbling agricultural sectors, connecting outlying areas to the national electricity grid, extending railways and telecommunications and ensuring consistent food supply.

The huge budget and all-embracing mandate earned PTF some criticisms. Some dubbed it "the alternative government," accusing it of duplicating the responsibilities of other existing government agencies. There was for instance an initial conflict about who should be tarring which road, between PTF and the Federal Ministry of Works and Housing.

Yet, for once, other Nigerians began to hope that here was an agency that took its work seriously. The question was: could it carry out its entire mandate, or even a part of it? Everyone waited to see what would happen.

Initially PTF awarded contracts for the rehabilitation of 12,000km of federal highways (including drainages) nationwide, and between 25-100km of urban road in major cities such as Gusau, Benin, Funtua, Zaria, Enugu, Kaduna, Aba, Lagos, Lokoja, and Port Harcourt. A N27.3bn contract was awarded for road rehabilitation in the first quarter of 1996. The sum of N1.328bn was awarded to 53 pharmaceutical companies for the supply of drugs, while the importation of vaccines cost N229.9m. As at December 31, 1997, funds available to PTF stood at N115.1bn.

One thing even the most uncharitable critic of PTF will admit is that it has evolved a new way of doing things. This is true to its mission statement which is 'to establish and operate an open, modest and efficient organisation for the purpose of achieving the honest and timely execution of carefully designed socio-economic projects.'

Right from its inception, the Head of State directed the fund to operate a lean bureaucracy. It depends therefore largely on consultants supervised by Afri-Projects Consortium, the management consultant to PTF. This policy has created jobs and boosted the confidence of Nigerian professionals such as architects, engineers and quantity surveyors.

In many other ways, PTF has thrown a lifeline to dying sectors of the economy. Most of Nigeria's pharmaceutical companies were failing, and the foreign multinationals were divesting. But through its drugs procurement programme, PTF has turned the balance sheet of most of them into profit. Equipment and car leasing companies are also benefitting from the multiplier effects of PTF operations.

Banks and insurance companies have also benefited. Nigeria has a history of contractors collecting mobilisation (advance) fees and not carrying out the contract. But not with PTF. Every advance payment up to N10m must be guaranteed by a PTF-approved bank, while other advance payments are covered by performance bonds issued by similarly approved insurance companies. This method, apart from increasing solvency through cash deposits, has created business for banks and insurance companies.

One of the insurance companies that has benefited from PTF as a provider of performance bonds is The United Nigeria Insurance Company (UNIC), a composite insurance company which provides both life and non-life insurance. The total assets of UNIC stood at N979m while it grossed premium income of N916m and settled claims of N263m in 1996. With a staff of 552 spread all over its nationwide branch network, UNIC is today one of the leading insurance company in Nigeria.

Another company that has done good business with PTF is IPWA plc, formerly International Paints (West Africa) Ltd. IPWA is today one of the biggest and most diversified paint manufacturers in Nigeria. The company product range spans automotive paints, building paints, industrial coatings and marine coatings. Others are packaging coatings, protective coatings and wood finishes.

Most PTF contractors, specialist advisers and consultants lease and use computers, fax machines, printers and photocopiers. This has provided a new market for computer companies like Leading Edge Ltd., headed by Mr Tony Edoro, the managing director. Leading Edge is foremost in cloning computers with parts from diverse companies such as US Micro-Generation, IBM Direct, Merisel and Gateway. According to Mr Edoro, a widely experienced computer systems engineer, the advent of PTF has been good for Leading Edge. The company's turnover has grown from N50m in 1995 to well over N100m in 1997.

Apart from energising several sectors of the economy, PTF is also setting the pace in another direction. In the words of Mr Salihijo Ahmad, of Afri-Projects Consortium, the twin objectives of PTF are to "rehabilitate infrastructures and reorientate the people." This the fund does through its insistence on transparency even though some critics still accuse it of lopsidedness in project execution and selection of consultants and contractors.

In a country dogged by lack of transparency, PTF is the first, and perhaps the only public institution in Nigeria to publish its annual accounts. Last year, when he presented the annual report and accounts of 1996, Gen. Buhari promised to present the 1997 accounts before the end of the first quarter of 1998. He fulfilled that promise.

The 1997 account of PTF shows that it disbursed N24.3bn on roads, N21.2bn on security, N7.8bn on health, and N3bn on other projects. Other disbursements include N2.2bn on water supply, N936m on food supply and N476m on education. It realised a total of N1.049bn from various investment activities.

Reviewing the success story of PTF, Gen. Buhari said: "We have consolidated our execution of the take-off projects for the previous year and increased our intervention within the sectors. There is no doubt that the years ahead will witness even more intervention, as reports of some of the studies commissioned are received and project execution commenced."

The fund has embarked on community education to sensitise and enlighten communities of its activities. The idea is to bring recipients closer to the objectives of the fund, so that they can participate in project identification and selection as well as eventual PTF projects in their areas.

One aspect of the overall project that the public has raised an eyebrow over is the Armed Forces PTF. According to Gen. Buhari, PTF is under instruction to allocate 20% of its funds to the armed forces, and another 1% to the Federal Capital Territory. The allocation to the Armed Forces is probably a continuation of a practice that started during Gen. Babangida's time when he used to allocate excess revenue from the projected price of crude directly to the commanding officers. But what worries critics of PTF is that the military is not accountable to anyone regarding its utilisation of funds. Moreover, critics question the wisdom of allocating such a huge chunk to the military (who also usually takes the lion's share of the budget) over and above food supply, education and health. Apart from roads, the allocation to all other sectors does not add up to the Armed Forces PTF allocation.

Nobody knows how long PTF, a purely intensive intervention agency, will last or whether there will be a place for such an agency under a democratic set up. That decision, Gen. Buhari said, will be up to Nigerians. For now his preoccupation is to rehabilitate infrastructure and reorientate the people towards a new, effective and efficient way of executing uninflated contracts without kickbacks and without consuming mobilisation fees. Said Gen. Buhari to PTF contractors: "If you perform well, you get a hand shake. If you perform badly, you get a handcuff."

Beaf:

You will always abuse because you are empty, sir. It doesn't change easily verifiable facts.

Buhari has spent 90% of his political life being chairman of the NNPC. He formed NNPC into what it is today. Indeed, Buhari was its first head in 1977 during the period corruption set into the oil industry (Decree 33, NNOC & MPR extinguished).
He was also petroleum minister under Obasanjo, PTF chairman under Abacha (whom he claims never stole a penny).
With Buhari under Abacha, there was rampant removal of the "subsidy" and award of importation contracts to cronies, Buhari became the chairman of the Petroleum Trust Fund (PTF) that disbursed monies accrued from the removal of "subsidies."

So tell me, is Buhari being honest, or is he just flying an ugly populist kite?

You can't buy me that cheap and i can't be nice to you  becos you see thngs that are killling me nad my generations and you keep supporting then blindly.
Head of PTF is not being chairman of NNPC fool. And the money from PTF was well spent considering Oil was selling at about $10 a barrel.My guy I made a mistake to noticed you on this topic. Am just getting so upset here

[size=18pt]05 January 1984 - ITN News (video clip)
GEN. BUHARI PRESIDES AT SWEARING IN OF MILITARY GOVERNORS AND WARNS THEM OF PENALTIES FOR CRIME AND CORRUPTION. (video clip)[/size]

[flash=500,500]
https://www.youtube.com/watch?v=Z_JjYG-ef8M?version=3[/flash]

http://www.itnsource.com/shotlist//ITN/1984/01/05/AS050184005/?s=nigeria&st=2&pn=96&sortBy=date
(this clip starts moving after first 35seconds)

Nineteen military governors were formally appointed by the new Head of State, Major-General Mohammed Buhari, and other members of the country's Supreme Military Council (SMC) in Lagos on January 4 to run Nigeria's federal states.

General Buhari attended the official swearing-in ceremony, which came four days after he led a bloodless coup ousting former President Shehu Shagari.

Speaking at the ceremony, Buhari reminded his new governors of their duties.All were chosen, he said, for their ability to discharge their responsibilities in the best interests of the country.He went on to warn them that crime and corruption for personal gain, one reason for the coup, would be ruthlessly punished.

General Buhari added the corruption and hoarding in the private sector would not be tolerated.He ended his speech by telling the assembled governors they were answerable to the country's military chiefs of staff and subject to redeployment at any time.

All former state governors have been given a week to report to police.

General Buhari has pledged to revive the country's economy and also to end the armed robberies in major cities that have become commonplace in the last few years.The fate of former top officials in the Shagari administration is still to be decided by the new military government, and Shagari himself is being held in custody.

https://www.nairaland.com/nigeria/topic-693700.64.html

5th January 1984 - ITN News (video Clip)
[size=18pt]New military ruler General Buhari holds his first Press Conference[/size]

[flash=500,500]
https://www.youtube.com/watch?v=EKSqGuENI8A?version=3[/flash]

http://www.itnsource.com/shotlist//ITN/1984/01/05/AS050184015/?s=nigeria&st=2&pn=92

He says he has uncovered widespread corruption and will bring the guilty to trial, he will also negotiate an IMF loan to ease the severe economic crisis.



https://www.nairaland.com/nigeria/topic-693700.64.html

Beaf:

You will always abuse because you are empty, sir. It doesn't change easily verifiable facts.

Buhari has spent 90% of his political life being chairman of the NNPC. He formed NNPC into what it is today. Indeed, Buhari was its first head in 1977 during the period corruption set into the oil industry (Decree 33, NNOC & MPR extinguished).
He was also petroleum minister under Obasanjo, PTF chairman under Abacha (whom he claims never stole a penny).
With Buhari under Abacha, there was rampant removal of the "subsidy" and award of importation contracts to cronies, Buhari became the chairman of the Petroleum Trust Fund (PTF) that disbursed monies accrued from the removal of "subsidies."

So tell me, is Buhari being honest, or is he just flying an ugly populist kite?

http://www.vanguardngr.com/2011/10/subsidy-removal-a-history/

In 1978, Buhari was the head of NNPC.

http://www.vanguardngr.com/2011/10/subsidy-removal-a-history/

@beaf Your argument is as baselessas yourself. deliberately ignorant and deceptive. only the less critical may fall for your antics.

Abacha did not remove subsidy totally as you are trying to insinuate.

"In October 1994, General Sani Abacha hiked the pump price of petrol from N3.25 to N11 per litre, promising, with Decree 25, to set up a Petroleum Trust Fund to distribute the gains from the increase on social and infrasturctural projects"

he increased the pump pice of fuel to generate money for holistic interventionist infranstructural development wich worked very well until OBJ decided to rubish it and heaped the ugly consequences in hapless spineless and docile nigerians.

[size=18pt]8th January 1984 - The NY Times
Buhari steps up search for all Politicians and Officials who have failed to report to a Police Station.[/size]

LAGOS, Nigeria, Jan. 7— Nigeria's new military Government is stepping up searches for former politicians and officials of the civilian Government that was overthrown in a coup a week ago.

The new regime is making television appeals for news of the whereabouts of former officials and other Nigerians who are wanted for questioning and is urging citizens to telephone the police if they have information about those who are being sought.






[size=18pt]10th Janary 1984 - The NY Times
4,000 EX-OFFICIALS SURRENDER IN NIGERIA[/size]

Western diplomats reported today that as many as 4,000 officials of the ousted national and state governments had turned themselves in to the police as part of the new military Government's investigation of corruption. The diplomats said most of the former officials were released, some after their passports were confiscated. But about 400 were reportedly still held under what was described as ''military protection.''

At the same time, the Western diplomats and Nigerian sources said, many of the former officials who were on what the military Government of Maj. Gen. Mohammed Buhari called its ''most wanted list'' have managed to flee the country. Some who were abroad during the military takeover have decided to remain there.


https://www.nairaland.com/nigeria/topic-693700.64.html

EPOMA:

You can't buy me that cheap and i can't be nice to you  becos you see thngs that are killling me nad my generations and you keep supporting then blindly.
Head of PTF is not being chairman of NNPC fool. And the money from PTF was well spent considering Oil was selling at about $10 a barrel.My guy I made a mistake to noticed you on this topic. Am just getting so upset here

like I said, you will always abuse because you are empty. The NNPC operated like a ministry when it was created in 1977 (indeed Buhari was the petroleum minister at the time, a post he had held since 1976).
I posted verifiable backing for my comments that Buhari presided over the first ever removal of "subsidy," but of course you chose to be blind to facts, instead you are accusing me of supporting imaginary dragons that are inimical to your generation. Dude, your real enemy is ignorance and the lack of a desire to read.

Below is a compilation of the way governments over the years have removed what it claimed to be subsidies on petroleum products.

1978, 15kobo per litre
1990, 60kobo per litre
1992, 70kobo per litre
1993, N3.25kobo and N11 per litre
And from 1994 to 1998 the official pump price hovered around N11.0k per liter – these happened during the military era.

http://www.vanguardngr.com/2011/10/subsidy-removal-a-history/

You are getting upset because you have been found to be talking nonsense and beer palour conjecture.
I can produce intense detail on this topic, so keep your emotional outbursts that make no sense in the cooler. Sit down and learn, if you truly give a toss about the welfare of your generation, the truth is in plain view.

Buhari is being a hypocrite.

EPOMA:

You can't buy me that cheap and i can't be nice to you  becos you see thngs that are killling me nad my generations and you keep supporting then blindly.
Head of PTF is not being chairman of NNPC fool. And the money from PTF was well spent considering Oil was selling at about $10 a barrel.My guy I made a mistake to noticed you on this topic. Am just getting so upset here

Subsidy removal as canvass by GEJ is his own economy policy, a bold one at that to redeem the Nigeria economy. Its an economy thrust and not a campaign propaganda, I wish Buhari comes up with an alternative economic blueprint to savage the nation instead of the gimmicks about corruption. The problem with Buhari is that he thinks electioneering campaign is still on. He seems to forget that the election has long been won and lost. Every one agrees that Nigeria needs a critical and bold deliberate plan to put us where we aught to be but no one seem ready to pay the price. Those that want to protest can protest, it is their undeniable right, everyone can write whatever catches his fancy. They can even go on hunger strike but for we, we are more than willing to pay whatever price for the sake of generation unborn.

jaybee:

@beaf Your argument is as baselessas yourself. deliberately ignorant and deceptive. only the less critical may fall for your antics.

Abacha did not remove subsidy totally as you are trying to insinuate.

"In October 1994, General Sani Abacha hiked the pump price of petrol from N3.25 to N11 per litre, promising, with Decree 25, to set up a Petroleum Trust Fund to distribute the gains from the increase on social and infrasturctural projects"

he increased the pump pice of fuel to generate money for holistic interventionist infranstructural development wich worked very well until OBJ decided to rubish it and heaped the ugly consequences in hapless spineless and docile nigerians.

Those who go personal are those who are either too lazy to think or are the enemy of the masses. So keep abusing sir, you're doing quite well indeed!

The fact is that Abacha removed subsidies, it doesn't matter if it was total or not. Buhari is claiming that the subsidy concept is new to him, that is the point. I am proving his hypocrisy.
Lets even leave Abacha aside and go back to 1978 when Buhari was the defacto petroleum minister (NNPC acted as a ministry at that time) and you will find that he presided over the first ever removal of subsidies in Nigeria.

You mentioned Obj, but guess who was petroleum minister in Obj's junta, Buhari again! the man is totally steeped in the shame of Nigeria's petroleum industry and its "subsidies."

Beaf:

Those who go personal are those who are either too lazy to think or are the enemy of the masses. So keep abusing sir, you're doing quite well indeed!

The fact is that Abacha removed subsidies, it doesn't matter if it was total or not. Buhari is claiming that the subsidy concept is new to him, that is the point. I am proving his hypocrisy.
Lets even leave Abacha aside and go back to 1978 when Buhari was the defacto petroleum minister (NNPC acted as a ministry at that time) and you will find that he presided over the first ever removal of subsidies in Nigeria.

You mentioned Obj, but guess who was petroleum minister in Obj's junta, Buhari again! the man is totally steeped in the shame of Nigeria's petroleum industry and its "subsidies."

The moment i saw this response, i knew it must be Beaf.

oxford:

Subsidy removal as canvass by GEJ is his own economy policy, a bold one at that to redeem the Nigeria economy. Its an economy thrust and not a campaign propaganda, I wish Buhari comes up with an alternative economic blueprint to savage the nation instead of the gimmicks about corruption. The problem with Buhari is that he thinks electioneering campaign is still on. He seems to forget that the election has long been won and lost. Every one agrees that Nigeria needs a critical and bold deliberate plan to put us where we aught to be but no one seem ready to pay the price. Those that want to protest can protest, it is their undeniable right, everyone can write whatever catches his fancy. They can even go on hunger strike but for we, we are more than willing to pay whatever price for the sake of generation unborn.

Exactly! The man is just misfiring in all directions because someone else is doing the grand things to save the country. The very subsidy that Buhari is rubbishing as fraudulent is the very same one he started in 1978.
There will always be a fight back from the vested interests that have kept Nigeria in the chains of corruption and despondency for the benefit of a few pockets.

When the subsidy is tackled, every last one of these parasites would be gone because their means of draining the Nigerian economy and sucking the blood of infants would be gone forever.

The other day, it was Aluko spitting fire. Yet as minister of finance, he was the brains behind Abacha's "subsidy" deals to take over the Nigeria economy and pipe the proceeds straight into his Swiss accounts. Buhari distributed the largesse and claims till date that the ignoble thief, Abacha never stole a dime.

We know better. Left to me, all those who took part in any military regime would be lined up, shot and fed to pigs.

Like rectal orifices, everyone has opinions.   Comedy fans are therefore grateful for Ayatollah Buhari Bin Laden's decision to share his own unsolicited, irrelevant and entirely inconsequential pontifications.

While Ayatollah Buhari is indeed a certified lunatic, he is OUR nutcase, thus the fact that he can formulate a seemingly coherent sentence at all is both delightful and endearing.