Remove Buhari from any list..he remains a curse to Nigeria

UHLmoving:


Nigeria produces 2 million barrels of oil everyday. And a barrel is sold for $87 dollars.

2,000, 0000 times $87 dollars

Equals

$174,000,000 Daily!

Where is the money going to?

A large chunk is going to debt servicing, which arose in part from the subsides you are praising. As at the time Tinubu took over, heck about 9 months before he took over, debt servicing was eating 90% of that revenue. That's why there is partial removal of subsides left right and center. Happened before tinubu took over (which is why fuel does not cost 15 kobo as it did in 1981 or 75 kobo in 1991, and yes, NIgerians back then complained)

The problem with subsides is that at the end, you can't do anything about the cost of producing the things you subsidise. And once the cost of producing goes up, you end up with rising cost of subsides, and at the end, you borrow money.

GEJ, Buhari, Yaradua were all borrowing to pay for subsides , Buhari in particular. Tinubu is still paying some subsidy, otherwise fuel for example would cost N1200 per liter or more. The problem with subsides again is production cost, and the fact that subsidy means price controls, which prevents profit making, or lowers profit....which at the end of the day means no growth...bad economy.

FInally, for a nation our size, we should be earning far more than 174m dollars a day, which if we were to divide it among Nigerians won't give us one dollar each. (note we are 220 million). That is where your government has failed, in improving earnings. And the thing is less than 20% of our earnings is from tax, and less than 40% of Nigerians pay tax to the state.

Am not going to praise tinubu, the fact is, he and his party are partly responsible for the mess. But at the end of the day, Nigeria is a broke ass nation. And the way forward is, as someone called Obi said, production, or as Moghalu has said...manufactured goods and servicies.