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Tinubu Targets 18% GDP Growth In His First Budget As President - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Tinubu Targets 18% GDP Growth In His First Budget As President (6248 Views)

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Re: Tinubu Targets 18% GDP Growth In His First Budget As President by FireUpNow(m): 4:13pm On Nov 29, 2023
What are you producing in your country oga promise and promise then mess things up?

2 Likes 1 Share

Re: Tinubu Targets 18% GDP Growth In His First Budget As President by Inda2020: 4:21pm On Nov 29, 2023
What about minimum wage any increase

1 Like 1 Share

Re: Tinubu Targets 18% GDP Growth In His First Budget As President by sulaak(m): 4:25pm On Nov 29, 2023
ecolime:
18%? shocked

This is really ambitious.

Impossible

1 Like 1 Share

Re: Tinubu Targets 18% GDP Growth In His First Budget As President by seguno2: 4:32pm On Nov 29, 2023
Invest4growth:
GOOD TARGET but will be frustrated. This is the type of target this nation should be recording in actual but corruption, laziness, quick fixes and short cuts, insecurity are our albatross

How many countries do you know that have 18% GDP growth rate

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Re: Tinubu Targets 18% GDP Growth In His First Budget As President by seguno2: 4:34pm On Nov 29, 2023
FireUpNow:
What are you producing in your country oga promise and promise then mess things up?

You have asked the right question.
Let us see how the blind bat followers will respond.
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by seguno2: 4:35pm On Nov 29, 2023
Timmi:
Call it whatever it means to you, GDP will increase by this time next year.

In what year did the GDP not increase
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by Tochi3(m): 4:39pm On Nov 29, 2023
FLYFIRE:
CHICAGO FORMULA

Re: Tinubu Targets 18% GDP Growth In His First Budget As President by IamAtikulate: 4:52pm On Nov 29, 2023
Yorubas and empty chest beating.

Does this clown understand what 18% GDP growth means?

Growth rate of the biggest economy in America, USA, is less than 6%.

GDP growth of China, Asian biggest economy, is less than 9%.

GDP growth rate of South Africa is less than 5%

GDP growth rate of Germany, European biggest economy is less than 3%.

Then, one Iragbiji clown that doesn't even know how to do FX unification is talking about growing our economy to 18% from 3.6%.

😂😂😂

For those that will wail under this comment, 18% GDP growth means over NEW 55 trillion naira worth of economic activities added into the economy going by the exchange rate bench mark and nearly 100 trillion naira if you go by the REAL exchange rate.

The clown wants to achieve that with his 24 trillion naira expansionary fiscal policy.

😂😂😂

The funny thing is less than that amount will go into the economy since a huge part of it will go into servicing debts, procuring military equipment, and statutory transfers.

The best Tinubu and his Yoruba brothers should target is 5%.

2 Likes 1 Share

Re: Tinubu Targets 18% GDP Growth In His First Budget As President by PHAYOL81: 4:54pm On Nov 29, 2023
That much for a start？ Anyway, fingers crossed
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by BigIyanga: 5:00pm On Nov 29, 2023
OgaFactCheck:


Tinubu never said 18%. He actually said the economy is expected to grow by a minimum of 3.76%. This is exactly the way they said that Buhari promised N1 to 1$. It is a deliberate Misinformation.

Check the transcript of the full speech here

https://www.nairaland.com/7925976/tinubus-2024-budget-speech-full

What misinformation? Major economic proposal of BAT is to move Naija economy to $1tn in 8 yrs as enunciated by CBN governor and economic advisers. So for you to do that, you would have to grow the economy at annual rate of 15-18%. So they’re saying the same thing.
CBN is already telling banks to recapitalize in anticipation of $1tn economy.
If BAT said that economy would grow at 3.7%, how does he allow his CBN governor to be misleading the public with this unrealistic $1tn GDP projection ?
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by Brendaniel: 5:01pm On Nov 29, 2023
Themanleshey:


Sense is far from all of you shouting 1 naira is 1 dollar or 1 pounds lol

Is it by one dollar to one naira , when one pounds was equivalent to 1 naira . How many Nigerians can afford to have 1,000 naira in their account ? How much was car sold for , less that 1,000 naira and 80 % citizens could not afford to still buy it .

You just been shouting dollar this dollar that like because una no know what’s up .

He made a promise, it is his duty to keep it, Nigerians didn't put a gun to his head when he made the promise.

Because What you are trying to say is that Tinubu's words mean nothing and we shouldn't take him serious....
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by chloride6: 5:03pm On Nov 29, 2023
Wow! 😂😂😂😂

Werey!
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by WhisperedNoise: 5:06pm On Nov 29, 2023
Benwallt:


If you like, place yourself as multi or hydra- ethnic and switch you ethnicity like weather, it won't remove the stupidity inherent in you as a thoughtless and lowdown homo sapien.

Future? A future with beings like you is a catastrophic one.

Cry me a river. Dolt
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by Benwallt(m): 5:13pm On Nov 29, 2023
WhisperedNoise:

Cry me a river. Dolt

Joey
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by Trumpdonald5: 5:24pm On Nov 29, 2023
FreeStuffsNG:

Awesome!! It's doable Mr President.

With petrol subsidy gone, importation of petrol gone and era of using our hard-earned forex to defend overvalued USD on the streets gone, amongst many other rent-seeking monetary and fiscal policies gradually being vanquished by your team of brilliant, hardworking, competent and patriotic members.

The creative ingenuity of a patriotic Nigerian will being unleashed.

The naysayers, unpatriotic elements, criminal defamers and cyberbullies will neither see it nor benefit from the benefits of all these progress.

God bless Nigeria for ever! Check my signature for free stuffs!

Keep deceiving yourself. You keep exposing how high your level of ignorance and stupidity is in most of your comments.

You are jubilating over a target of 18% growth in GDP and not GDP per capita. Your case is irredeemable.

That's how you lots jubilate over Lagos state high IGR when there's no personal benefit to Lagosians. Just continue to deceive yourself.
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by OgaFactCheck: 5:27pm On Nov 29, 2023
BigIyanga:


What misinformation? Major economic proposal of BAT is to move Naija economy to $1tn in 8 yrs as enunciated by CBN governor and economic advisers. So for you to do that, you would have to grow the economy at annual rate of 15-18%. So they’re saying the same thing.
CBN is already telling banks to recapitalize in anticipation of $1tn economy.
If BAT said that economy would grow at 3.7%, how does he allow his CBN governor to be misleading the public with this unrealistic $1tn GDP projection ?

Which one will you prioritize, what BAT says himself or what a third party says? Tinubu says a minimum of 3.76%. Let's stick to that.
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by ConquerorK: 5:28pm On Nov 29, 2023
Honestly speaking, it is absolutely not possible
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by Fujiyama: 5:30pm On Nov 29, 2023
77up:
Nigerians need to do this man some love by stop all the hateful comments and names calling, we all need to give him some time to write the wrongs.

God bless Nigeria

^^^
He doesn't need love. Love has nothing to do with it.

Voters don't elect politicians to show them love. We elect them to do a job. This man was 'elected' under very controversial circumstances, even by Nigeria's abysmally low standards for elections into federal and sub-national government. Instead of putting all his heart, soul and might into fixing this country's problems the best way he can...and thus earn some legitimacy (however little), he is proving to be no different from his predecessors. Bola Tinubu claims he is there to do a job. He has been terrible at it so far. undecided

He isn't righting any wrongs. His 2023 supplementary budget (and the luxury boat it was padded with) to the legislature should have made that abundantly clear to you...with this man it is business as usual (Nigerian politician style), full speed ahead.

He is not the man for the job.

1 Like

Re: Tinubu Targets 18% GDP Growth In His First Budget As President by KeenD: 5:38pm On Nov 29, 2023
Some comentors sha
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by Fujiyama: 5:46pm On Nov 29, 2023
BigIyanga:


What misinformation? Major economic proposal of BAT is to move Naija economy to $1tn in 8 yrs as enunciated by CBN governor and economic advisers. So for you to do that, you would have to grow the economy at annual rate of 15-18%. So they’re saying the same thing.
CBN is already telling banks to recapitalize in anticipation of $1tn economy.
If BAT said that economy would grow at 3.7%, how does he allow his CBN governor to be misleading the public with this unrealistic $1tn GDP projection ?

^^^
Very good. I would like to see who will rebut this - and how.

It is time for posters who actually understand how economies work to reclaim this space - so that we can all learn something useful - even if these posters have widely divergent viewpoints. The professional tribalists have been given free reign for far too long. I am ready to bet the farm (which isn't worth anything, by the way) that the likes of the freestuff guy, burob, jrusky and all the other trolls will not be able to say anything meaningful about this topic. Not in 100 million years. grin
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by garfield1: 5:48pm On Nov 29, 2023
slivertongue:
I hope it works out. but honestly I doubt 8% is possible looking at the pre-bendal governance process

How does it affect performance
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by Fujiyama: 5:54pm On Nov 29, 2023
OgaFactCheck:


Which one will you prioritize, what BAT says himself or what a third party says? Tinubu says a minimum of 3.76%. Let's stick to that.

^^^

grin grin

Crunch those numbers and you should be able to tell us if the person you quoted has said something we should pay attention to. Go on...wink

And...the 'third party' is your central bank governor. This isn't (or shouldn't be) a position for party hacks. Monetary policy is serious business.

If Cardoso is inconsequential and not worth listening to - then this should be made clear to Nigerians.

1 Like

Re: Tinubu Targets 18% GDP Growth In His First Budget As President by 77up(m): 6:07pm On Nov 29, 2023
Fujiyama:


^^^
He doesn't need love. Love has nothing to do with it.

Voters don't elect politicians to show them love. We elect them to do a job. This man was 'elected' under very controversial circumstances, even by Nigeria's abysmal low standards for elections into federal and sub-national government. Instead of putting all his heart, soul and might to fix this country's problems the best way he can...and thus earn some legitimacy (however little), he is proving to be no different from his predecessors. Bola Tinubu claims he is there to do a job. He has been terrible at it so far. undecided

He isn't righting any wrongs. His 2023 supplementary budget to the legislature (and the luxury boat it was padded with) should have made that abundantly clear to you...with this man it is business as usual (Nigerian politician style), full speed ahead.

He is not the man for the job.
Your opinion.
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by Fujiyama: 6:12pm On Nov 29, 2023
77up:
Your opinion.

^^^
Not my opinion.

It is the truth. The thing speaks for itself.
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by grandstar(m): 6:45pm On Nov 29, 2023
This is a joke.

The increase in petrol price will constrain demand and will take about 2 years for the country to digest. Secondly, the petrol subsidy is back. The president should have targeted the full deregulation of the petrol price as done with diesel and kerosene.

The price of electricity too should have been deregulated. This would attract investors into this sector, especially now that the Disco licenses have expired. Present license holders who have underperformed would have their licences revoked and handed over to new players.

In addition, the CBN refuses to fight double digit inflation with gusto. Presently, interest rates are below inflation and this is a red flag. Experienced investors will be discouraged from plowing money into the economy.

The government needs to lower company tax rates to 15% or less. Low tax rates have proven a winner in bringing in foreign investors all over the world and Nigeria would be no different.

Charles Soludo stated that if foreign investment is equal to 5% of GDP for 5 years straight, an economy overheat

Nigeria needs more than ever that 5% (which is a measly $22bn) to achieve at least an 8% annual growth.

2 Likes 1 Share

Re: Tinubu Targets 18% GDP Growth In His First Budget As President by BigIyanga: 6:48pm On Nov 29, 2023
Fujiyama:


^^^

grin grin

Crunch those numbers and you should be able to tell us if the person you quoted has said something we should pay attention to. Go on...wink

And...the 'third party' is your central bank governor. This isn't (or shouldn't be) a position for party hacks. Monetary policy is serious business.

If Cardoso is inconsequential and not worth listening to - then this should be made clear to Nigerians.
U dey mind partisan hacks. Monetary policy Chief/CBN governor bandying around false figures to please his masters. Does he understand the implication to intl rating agencies and lenders?
They keep governing as if they’re are in opposition. Time to fix the country is now.

1 Like 1 Share

Re: Tinubu Targets 18% GDP Growth In His First Budget As President by commoditiesnig: 6:59pm On Nov 29, 2023
Brilliant speech

Good projection!
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by commoditiesnig: 7:00pm On Nov 29, 2023
Brilliant speech

Good projection
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by BigIyanga: 7:13pm On Nov 29, 2023
recessionary pressure and effects from subsidy removal are already shrinking the economy.
Movement of goods and services has shrunk.
Movement of people has shrunk.
Transportation is one of the core movers of the economy has shrunk.
High inflation resulting from subsidy removal and FX crisis has eroded the purchasing of middle/working class.
-NNPC/JV bpd output is shrinking..
So how can he and his team grow the economy?
Re: Tinubu Targets 18% GDP Growth In His First Budget As President by Brush1: 8:22pm On Nov 29, 2023
Clueless bastard without a family, home town, primary and secondary school mates. Fake university certificate. This man is lower than an earth worm. How can he be this shameless. Lack of morals. A criminal.

I hope your son Seyi enjoyed the beating he got on the street of UK

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