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Why Is Everybody Afraid Of Buhari's Presidency - Politics (4) - Nairaland

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Re: Why Is Everybody Afraid Of Buhari's Presidency by success4(m): 5:36pm On Dec 06, 2011
logica:

It's funny people actually believe Buhari entered into governance in 1984. You forget he rose through the ranks right from the era of Gowon.

Before I go any further, can you please check who was Minister for Petroleum during the missing 2.8 Billion Naira saga? Also who served under the Abacha regime as head of PTF? For one, anybody who served under Abacha has to be a rogue.

Your deduction reasoning is poor
Re: Why Is Everybody Afraid Of Buhari's Presidency by executinal(m): 5:43pm On Dec 06, 2011
Nothing for Buhari till he join his ancestors, Nobody is afraid of him simple. Lagos state traffic jam he caused it till date, he is a man that thinks of today and doesn't care how tomorrow will be.
Re: Why Is Everybody Afraid Of Buhari's Presidency by success4(m): 5:45pm On Dec 06, 2011
executinal:

Nothing for Buhari till he join his ancestors, Nobody is afraid of him simple. Lagos state traffic jam he caused it till date, he is a man that thinks of today and doesn't care how tomorrow will be.

YOU said nobody, because you be nobody!
Re: Why Is Everybody Afraid Of Buhari's Presidency by austin2002: 6:57pm On Dec 06, 2011
Because the Biafrans, Yorubas,Delta people. All Educated Southern and Eastern people are tired of being ruled by cattle rearers and carmel pushers from the north.These devils have destroyed our way of living and it's time you guys go back where you guys come from afterall cattle rearers from the north do not belong to that land if we open up the history book. Look at what is going on these so called religion of peace.Yep for sure it's the religion peace. The so called Northerners have had their own share of the government and they never knew how to handle it because you cannot expect a cattle rearer to lead no matter what. You put an illiterates in the office for 50yrs what do you expect? They only thing they know how to handle well are dunkey,sheep, cow,carmel etc,
Re: Why Is Everybody Afraid Of Buhari's Presidency by logica(m): 7:47pm On Dec 06, 2011
success4:

YOU said nobody, because you be nobody!
Your command of English is too poor for me to tackle you appropriately.
Re: Why Is Everybody Afraid Of Buhari's Presidency by publisher(m): 8:30pm On Dec 06, 2011
[size=15pt]OH Get real,BUHARI IS NEVER GOING TO BE NIGERIAN PRESIDENT.
Or who's going to vote for a 70 something year old man in 2015?
If Buhari is a true leader,he's suppose to be grooming and mentoring a younger man who can be presented to Nigerians in 2015.
The hallmark of a true leader is being able to mentor younger leaders into greatness.

Obasanjo may be an A$$ according to many Nairalanders, but he has been able to mentor two people into becoming Nigeria's preseident ( Yaradua,Goodluck).
A leader who believes that ONLY he alone can effect the desired change in Nigeria (at his old age) is a stvpid 'Mugabean'. [/size] grin
Re: Why Is Everybody Afraid Of Buhari's Presidency by Nobody: 8:59pm On Dec 06, 2011
logica:

It's funny people actually believe Buhari entered into governance in 1984. You forget he rose through the ranks right from the era of Gowon.

Before I go any further, can you please check who was Minister for Petroleum during the missing 2.8 Billion Naira saga? Also who served under the Abacha regime as head of PTF? For one, anybody who served under Abacha has to be a rogue.
He's also a terrorist !
Re: Why Is Everybody Afraid Of Buhari's Presidency by azeezengr(m): 9:16pm On Dec 06, 2011
buhari is light, most nigerians are used to darkness hence they find it hard to embrace light. he is just and firm, hence, it is not a surprise that corrupt elites and ignorant masses are afraid of him!!
Re: Why Is Everybody Afraid Of Buhari's Presidency by BIGERBOY1: 9:35pm On Dec 06, 2011
I was discussing with a an Igbo lady at the high court today in Abuja and she was telling me that although she voted GEJ she feels he has failed her. But then she was insisting it is the turn of the Igbo by 2015 even if it's a baby!

I just wondered wasn't it this kind of sentiments that made her and the likes of her force an ill prepared president on us? Yet they are prepared to commit the same mistake in principle again.

The dilemma for people like me and those who still believe in this country like buhari is, do we fold our hands and do nothing since there are still people hell bent on conscripting the whole country to term after term of wasted opportunities? Or do we keep on agitating for good leadership even if the majority detest it?

I for one am very comfortable and I presume buhari is too, infact God willing this time next yr I will be out of this God forsaken country, but it is the poor and down trodden who haven't tasted anything close to good leadership or out of curse insist on the worst of us leading us, that I pity, for they haven't seen anything yet.
Re: Why Is Everybody Afraid Of Buhari's Presidency by Nobody: 11:34pm On Dec 06, 2011
[size=18pt]Summary of General Buhari's economic performance - [/size](sources : data from Central Bank of Nigeria , Wikipedia, elombah news Written by Nebukadineze Adiele 17 March 2011 )

Inflation in 1984 - 39%
Inflation in Aug 1985 on Buhari leaving office - 3.2%
Naira to Dollar exchange rate largely unchanged at N1 = $1.34 on Buhari leaving office (no devaluation of naira)


[size=22pt]Buharinomics - General Buhari’s economic program marshaled out to salvage the nation in 1984[/size]

http://www.elombah.com/index.php?option=com_content&view=article&id=5720:is-general-buhari-the-problem-with-nigeria&catid=36:pointblank&Itemid=83

Buharinomics was General Buhari’s economic program marshaled out to salvage the nation in 1984. He summarized the objective of his economic policy (as articulated in the 1984 budget) as follows: "To arrest the decline in the economy, to put the economy on a proper course of recovery and solvency, and to chart a future course for economic stability and prosperity" (West Africa, May 14, 1984). He had previously done similarly, in March while receiving the visiting Sudanese President, Gaafar Nimeiri. Upon his inquiring of what the new military government had in mind for the nation it then ruled, Buhari said to him: "The priority [of his administration] is for economic recovery, providing employment opportunities, improving people's living conditions, consolidating internal security and ensuring foreign respect" (Africa Now, March 1984). In a nutshell, Buharinomics set out to arrest the decline in the economy and refocus it towards recovery. Buharinomics was to wean the nation off consumerism and profligacy, while channeling it towards frugality and productivity. To accomplish this, the government was to cut down on its expenditure, engage in more efficient restricting and controlling of foreign exchange outflow, undertake the revival of the country's productive capacity (concentration was on agriculture), and broaden government's revenue base.

The first test of Buharinomics was implemented to revive the comatose banking industry and arrest local currency hoarding. In April 1984, the government ordered a change in the color of the Naira. This action was dubbed the “real coup” by unscrupulous business men and politicians who had almost eliminated the need for commercial banking in Nigeria by keeping their moneys under their mattresses or by trafficking them into neighboring West African countries. This currency change, which forced all holders of the naira notes into exchanging them for the new naira notes at commercial banks, infused billions that had remained unaccounted for into the banking industry and eliminated counterfeited currencies, which had inflicted inflationary and other nefarious effects on the economy. This measure had an immediate revitalizing effect in the banking industry and was an unqualified success. Banks that were close to collapsing became vibrant again, to the extent that some of them began to hire hitherto unemployed Nigerians.

To cut down on government expenses, the federal work force was cut by 30% and imports for 1984 pegged at 4 billion pounds (mostly on basic foodstuffs, spare parts, and raw materials for local industries), against 14 billion pounds spent in 1983. To ensure that Nigeria remained respectable on the international business world, Buhari committed to honoring Nigeria’s debt payment schedule irrespective of the limited earning potential of Nigeria. In August 1984, Buhari was on one of his meet-the-people nationwide tours, which he began as soon as the administration got on its feet. Everywhere he went, the people embraced him, coming out en mass and ushering him tumultuous cheers and unreserved applause. In one of his speeches to the people (this one in Owerri), he reiterated Nigeria’s commitment to honoring its debts, the dire economic situation notwithstanding. "The task of this administration is how to persuade Nigerians to understand that for a number of years to come, we would be paying debts, the roads may be long and thorny but we believe that on our shoulders lies the responsibility to save our fatherland from devastation that has resulted from mismanagement" (Newswatch, February 18, 1985).

Buhari could not have been any more correct in his statement above. Assuming Nigeria took no further loans, its breakdown of loan repayments was as follows: 3.9 billion naira ($4.4 billion) in 1985, 3.7 billion naira ($4.19 billion) in 1986, 2.8 billion naira ($3.2 billion) in 1987, until a decrease to 703 million in 1991 (Concord Weekly, May 6, 1985). Nigeria’s precarious financial situation made it impossible for it to finance capital projects and meet up its balance of payment obligations. With oil export pegged at 1.3 million barrels per day by OPEC, borrowing from external sources became necessary. To this effect, Nigeria proposed borrowing 1.795m naira to finance its capital project from the IMF. The patriotism with which General Buhari handled Nigeria’s dealings with the IMF was the highlight and beauty of Buharinomics.

In order to qualify for the loan, IMF gave Nigeria certain conditions which must be met. In 1984 when the naira exchanged for $1.34, the IMF demanded a minimum of 60% devaluation of it. Buhari refused, agreeing only to a "crawling peg"—a mechanism whereby government would realign the currency gradually, forestalling or minimizing economic and social dislocations because of such drastic devaluation of its currency. In addition to the devaluation of the naira, IMF demanded that government took other drastic actions: (a) The government must remove its subsidy on petroleum. (b) It must curtail its expenditure. (c) Government must rationalize its tariff structures. (d) It must put a freeze on its wages. (e) It must put a total end of non-statutory transfers to State governments, (f) Government must at least institute a 30% raise on interest rates—government resisted this because the decline in its revenue earnings and its debt obligations made it almost impossible to raise interest rates without triggering inflation (West Africa, May 14, 1984).

The Nigerian government and veteran economists in Nigeria (like Aluko, Onosade, Okigbo, etc) could not make sense of being asked to devalue its currency when Nigeria’s imports were in dollar and its export (fixed quantity of oil) was also in dollar. The implication of devaluation was that Nigeria would pay more to import lesser quantity of goods than it did prior to any devaluation. It would also export the same amount of oil it exported before any devaluation and derive lesser revenue than it received before any devaluation The impacts of it debt payment would have harsher effect on the citizenry if the naira was devalued. This did not make any economic sense to Buhari; it struck him as an insult on the intelligence of the African. Finance Minister Onaolapo Soleye and Alhaji Abubakar Alhaji who led the Nigerian delegation to the last negotiation in Washington were chewed out by US Federal Reserve Chairman, Paul Volcker, for presenting the Nigerian governments rejection of most of these recommendations. For rejecting the IMF conditions and the loan, the Buhari administration got into the black book of Washington. Already, it had earned the dislike of 10 Downing Street for cutting down Nigeria’s imports from the UK by about 350%. In any case, without the IMF loan, government was still in a bind as to how to finance capital projects and pay for imports, especially spare parts for local industries, food items, etc. At this juncture, the genius and resourcefulness of Buharinomics illuminated to the delight of the African.

First, the administration sent Oil Minister Tam David West to OPEC to seek a raise in the quantity of oil that Nigeria could export. If OPEC agreed, Nigeria would expect to generate extra revenue in the long run from any increase of its oil quota and this would assist tremendously in augmenting the shortfall in the nation’s purse. Professor West came back empty handed—the US and Britain had put pressure on their puppets in OPEC (like Saudi Arabia) to refuse Nigeria’s request.

To counter OPEC’s bluff, the Buhari administration entered into a $2 billion barter trade agreement with four countries. Nigeria daily bartered 200,000 barrels of oil as follows: (a) completely knocked down parts for automobiles from Brazil. (b) Construction equipment from Italy (c) Engineering equipment from France, and (d) Capital goods from Austria. This barter trade took care of the administration’s need to have borrowed money but it intensified the ill will the US and Britain had for Nigeria. By bartering this oil, Nigeria was: (a) solving those needs which the proposed IMF loan was geared toward. Doing so without borrowing or feeling the pains of spending the meager amount generated from its OPEC approved 1.3 billion a day oil export is the stuff an economic wizard is made of. (b) Britain had been cut off as Nigeria’s major supplier of the goods which the countries in the barter agreement sent to Nigeria. (c) The US usurious money lenders were denied the chance to suck Nigeria dry through the IMF loan. (d) American and British oil companies were irate that the oil being bartered would flood the oil market, cutting in on their profits. (d) The oil being bartered was oil that used to be illegally bunkered before Buhari put illegal oil bunkering artist out of business. For once, an African country had put positive economic mechanism in place to salvage its ailing economy without swallowing IMF’s poison pills.

As far as America and Britain were concerned, there was a price to be paid by this Buhari, who thought he was smart enough not to accept subservience to their authority. To begin with, a London newspaper (The Financial Times) published Nigeria’s barter trade agreement with Brazil (which, in truth, was done in secrecy because Buhari treated some aspects of his economic policy as State secret). The British thought it was going to incite OPEC against Nigeria since OPEC as a body did not support oil bartering. Oil Minister Tam David West, in a press conference, said, “If a nation believes it is part of its strategy for national survival to do this [barter trade], why not?” To assure OPEC that Nigeria was not indulging in barter trade in order to pull out of OPEC, he added ”Our strategy is to stay in OPEC and make its presence felt, and work together on programs that will be for the economic interest of all” (Concord Weekly, May 6, 1985). There is more to this barter trade than time will permit one to detail in this piece. For now, it is worth noting that it was the major reason for which Britain and America wanted the Buhari administration overthrown.
Re: Why Is Everybody Afraid Of Buhari's Presidency by Nobody: 12:05am On Dec 07, 2011
You can tell how much Buhari is feared by people willing to spread lies and misinformation to try and defame him, from him being a sponsor Boko Haram to him calling for total Sharia.

None of the accusations are backed up by any evidence web link, it is very easy to spout lies against anybody if you do not provide proof.

All the Sharia states we have today were created during Obasanjo's government, not a single during Buhari's government. On the contrary he crushed Islamic fundmentalist violence and ended government sponsorhip of muslim pilgrimage to Mecca to save money.

He has held posts as:

Head of State
Petroleum Minister
Governor of North Eastern Region
Chairman of Nigerian National Petroleum Corporation
Chairman of Petroleum Trust Fund

Yet he has only 2 modest homes one of which he inherited from his father.

Who in Nigeria is better qualified than Buhari to be President?




[size=18pt]2nd March 1984 – ITN NEWS
GENERAL BUHARI VISITS YOLA AFTER QUENCHING RELIGIOUS RIOTING THAT LEFT DOZENS DEAD.[/size]
Nigeria's military ruler, Major-General Mohamed Buhari, visited the northeastern Nigerian city of Yola - in Gongola state - February 29 to assess the extent of damage caused by violent communal rioting two days earlier.

The known death toll from the religious disturbances is nearly 140, with at least another 60 persons injured, some critically. Gongola's acting state governor, Colonel Cyril Iweze, blamed the turmoil on fanatical followers of Moslem fundamentalist Muhammadu Marwa Maitatsine's religious sect. Marwa himself was killed in vicious rioting three years ago, when an estimated 4,000 people died.

In disturbances on February 27, the army was eventually called in to quell resistance from thousands of religious fanatics, at least 715 of whom were arrested by security forces.

General Buhari visited the Yola Specialist Hospital during his one-day tour of the gutted city, and also met with the Lamido of Adamawa, Alhaji Mustapha Aliyu, to discuss the situation.


https://www.nairaland.com/nigeria/topic-693700.64.html
Re: Why Is Everybody Afraid Of Buhari's Presidency by jensinmi(m): 4:53am On Dec 07, 2011
GenBuhari:

You can tell how much Buhari is feared by people willing to spread lies and misinformation to try and defame him, from him being a sponsor Boko Haram to him calling for total Sharia.

None of the accusations are backed up by any evidence web link, it is very easy to spout lies against anybody if you do not provide proof.

All the Sharia states we have today were created during Obasanjo's government, not a single during Buhari's government. On the contrary he crushed Islamic fundmentalist violence and ended government sponsorhip of muslim pilgrimage to Mecca to save money.

He has held posts as:

Head of State
Petroleum Minister
Governor of North Eastern Region
Chairman of Nigerian National Petroleum Corporation
Chairman of Petroleum Trust Fund

Yet he has only 2 modest homes one of which he inherited from his father.

Who in Nigeria is better qualified than Buhari to be President?




[size=18pt]2nd March 1984 – ITN NEWS
GENERAL BUHARI VISITS YOLA AFTER QUENCHING RELIGIOUS RIOTING THAT LEFT DOZENS DEAD.[/size]
Nigeria's military ruler, Major-General Mohamed Buhari, visited the northeastern Nigerian city of Yola - in Gongola state - February 29 to assess the extent of damage caused by violent communal rioting two days earlier.

The known death toll from the religious disturbances is nearly 140, with at least another 60 persons injured, some critically. Gongola's acting state governor, Colonel Cyril Iweze, blamed the turmoil on fanatical followers of Moslem fundamentalist Muhammadu Marwa Maitatsine's religious sect. Marwa himself was killed in vicious rioting three years ago, when an estimated 4,000 people died.

In disturbances on February 27, the army was eventually called in to quell resistance from thousands of religious fanatics, at least 715 of whom were arrested by security forces.

General Buhari visited the Yola Specialist Hospital during his one-day tour of the gutted city, and also met with the Lamido of Adamawa, Alhaji Mustapha Aliyu, to discuss the situation.


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


As a supporter of the people's General, I despise your spamming efforts each time a topic regarding him is posted. All we need is to state our points clearly and concisely. To that end, I would plead that you refrain from posting so many of these articles and instead focus on stating your point.

This just puts people off and detracts from the argument. Thank you kindly GenBuhari(The poster).
Re: Why Is Everybody Afraid Of Buhari's Presidency by Jakumo(m): 6:34am On Dec 07, 2011
jensinmi:

As a supporter of the people's General, I despise your spamming efforts each time a topic regarding him is posted. All we need is to state our points clearly and concisely. To that end, I would plead that you refrain from posting so many of these articles and instead focus on stating your point.

This just puts people off and detracts from the argument. Thank you kindly GenBuhari(The poster).

On the contrary, Jensimi, most readers are probably more entertained than bored as they zip past the endless pages of entirely meaningless drivel posted in this forum by Ayatollah Buhari Bin Laden's resident lap-dog and town crier.

While I never actually bother to read any of the background noise spewed by that obviously disturbed individual, the mere fact that the forum administrators allow such repetitive, brainless chanting to pollute these pages indicates that ALL vertebrates capable of writing in the English language are duly accorded the freedom to do so here to their heart's content, EVEN IF they have absolutely nothing of discernible coherence to offer.    Now THAT is freedom of the press, a concept upon which a frenzied Ayatollah Buhari trampled with glee, during his reign of sadistic terror as Nigeria's military tyrant back in the country's dark age of the 1980s.

So please Mr. Mini-Ayatollah Buhari Bin Laden, kindly excrete a few MORE dozen pages of cranial dysentery NOW, to further document this remarkable journey of descent into utter madness in which you have so cheerfully opted to accompany your idol and God.   Let the loony tunes commence !

Without question, our beloved Ayatollah Buhari Bin Laden will ultimately stand before the International Criminal Court in Den Haag, Netherlands, for arraignment with respect to charges of pre-election PUBLIC threats that bloodshed would occur during Nigeria's most recent national polls, and of post-election genocide incitement, utterances which DIRECTLY triggered massacres of election officials in northern parts of the country.

Next in line for overdue justice, and right behind convicted ex-president Lauren Gbagbo, Ayatollah Buhari Bin Laden is no doubt painfully aware that the body of documentary evidence that will shortly consign ex-dictator Laurent Gbagbo to life in jail is analogous, and in fact IDENTICAL to the damning chronicle of public incitements to violence, leading to election-related massacres in northern Nigeria, all DEFINITIVELY attributed to the person of Muhammadu Buhari, the Blood-Sheik of Buhari Camel-Herding Village, Maiduguri, Nigeria.    Relatives of the Nigerian Youth Corps election volunteers who were slaughtered in cold blood on the DIRECT orders of Ayatollah Buhari would, without exception, be DELIGHTED to furnish evidence that will oil the wheels of justice, in order to expeditiously warehouse this geriatric genocide instigator, Buhari, deep in a suitably dark hole behind bars forever.
Re: Why Is Everybody Afraid Of Buhari's Presidency by Nobody: 9:04am On Dec 07, 2011
[size=13pt]@jensinmi,
If you are truly a supporter of Buhari, why have you not made any posts to counter-act the lies that are being spread? Why is your only message on this thread critical of a Buhari supporter?

I will continue to post the news stories to help to dispel misinformation about Buhari, for as long as those misinformation continue.


Buhari inherited an Inflation Rate of 39% and reduced it to only 3% by the time he was overthrown by Babangida


Buhari refused to devalue Naira and left office with Naira to Dollar exchange rate largely unchanged at N1 = $1.34

He recovered millions of dollars of looted money and had over 500 imprisoned:[/size]



[size=18pt]21st January 1984 - The NY Times
Buhari's new Government Recovers stolen Millions From Ex-Ministers[/size]

. .LAGOS, Nigeria, Jan. 20— Nigeria's military Government has recovered millions of dollars in currency hoarded by former officials and is trying to retrieve millions more smuggled out of the country, a member of the new regime says.

Brig. Tunde Idiagbon told reporters Thursday that the stockpiles of money ranged from $56,000 found at the home of former Vice President Alex Ekwueme, to $4.5 million at the residence of the last civilian governor of Kono State, Alhaji Sabo Bakin Zuwo.
Re: Why Is Everybody Afraid Of Buhari's Presidency by Nobody: 9:17am On Dec 07, 2011
[size=18pt]14th August 1984 - The NY Times
Nigeria Executes 7 Armed Robbers[/size]

LAGOS, Nigeria, Aug. 13— Seven convicted thieves were executed by firing squad in public Saturday in the southern towns of Uyo and Ikot Ekpene, the News Agency of Nigeria reported today. It said five of those executed had robbed a school headmaster of more than $7,800. The other two stole a taxi, the agency said.
Re: Why Is Everybody Afraid Of Buhari's Presidency by hercules07: 9:40am On Dec 07, 2011
Carry on GenBuhari, we are behind you, as for Jakumo, we know your hatred and are sometimes entertained and sometimes bored by it.

1 Like

Re: Why Is Everybody Afraid Of Buhari's Presidency by honeric01(m): 9:58am On Dec 07, 2011
jensinmi:

As a supporter of the people's General, I despise your spamming efforts each time a topic regarding him is posted. All we need is to state our points clearly and concisely. To that end, I would plead that you refrain from posting so many of these articles and instead focus on stating your point.

This just puts people off and detracts from the argument. Thank you kindly GenBuhari(The poster).

But you enjoy reading the lies right? i am see how "supportive" you have been of Buhari's image being destroyed.
Re: Why Is Everybody Afraid Of Buhari's Presidency by Naijabash(m): 4:36pm On Dec 07, 2011
Please enough of all this talk about Buhari.
Buharri was a young man when he ruled Nigeria as a military head of state.
His time has passed. I believe it is hi time we start thinking and talking of how to identify and encourage young Nigerians with great leadership qualities.
Re: Why Is Everybody Afraid Of Buhari's Presidency by BIGERBOY1: 5:42pm On Dec 07, 2011
^
my guy I fell u. But we have experimented this with yaradua and GEJ, but both have been disappointing failures, that's why I would want a tested hand to lay the foundation.

Take the ribadu efcc with all it's flaws, nonetheless ribadu set some sort of precedent on what a chairman or lady should be or be better than, thus when we compare faridas performance with her predecessor the difference is clear.

I wouldn't mind if we get somebody better than buhari (infect I would prefer it) but the cost of trial and errors in trying to find a good leader is high (the cost is waisted years and lives) do u get my point?
Re: Why Is Everybody Afraid Of Buhari's Presidency by Nobody: 9:14pm On Dec 07, 2011
[size=18pt] 5th February 1985 -  Toledo Blade, Ohio. Newspaper
Buhari rejects IMF terms for loan , and says Nigeria will match British oil prices[/size]

The Nigerian leader, Gen. Muhammad Buhari, says his country will match Britain;s oil prices even if it means undermining the pricing structure of the Organization of Petroleum Exporting Countries, the Financial Times reported yesterday.
The London business daily reported that General Buhari, in an interview in Lagos, also reaffirmed Nigeria's rejection of the International Monetary Fund's terms for a $2.4 billion loan.
General Buhari was quoted as saying the benefits if membership in the cartel outweighed the disadvantages, but that the 13-nation organization had to be realistic and allow flexibility for member countries in financial dificulties, such as Nigeria.

If Britain's North Sea oil prices dropped, Nigeria, which gets 95% of its foreign earnings from oil, would follow suit, he was quoted as saying, adding: "We will have to do that to survive."
General Buhari rejected monetary fund demands that Nigeria devalue its currency, the naira, by 50 to 60 per cent and that the west African country reduce domestic fuel subsidies, the Financial Times said.
The military leader, who came to power in a Dec. 31, 1983, coup, reportedly said higher prices for food and other items would result from devaluation.


https://www.nairaland.com/nigeria/topic-693700.128.html
Re: Why Is Everybody Afraid Of Buhari's Presidency by aurenflani: 9:20am On May 05, 2012
corrupt politicians, ethnic champions, religious bigots, shyllocks, enemies of Nigeria's unity, the ignorant ones they are like scattered paper in a field on a windy day and betrayers. Otherwise every Nigerian loves to see and hope to witness Buhari's presidency = which will be an absolute divorce from what we know as a Nigerian shame of governance.
Re: Why Is Everybody Afraid Of Buhari's Presidency by Nobody: 11:57am On Jun 17, 2012
[size=18pt]Buharinomics - General Buhari’s economic program marshaled out to salvage the nation in 1984 [/size]

http://www.elombah.com/index.php?option=com_content&view=article&id=5720:is-general-buhari-the-problem-with-nigeria&catid=36:pointblank&Itemid=83

Buharinomics was General Buhari’s economic program marshaled out to salvage the nation in 1984. He summarized the objective of his economic policy (as articulated in the 1984 budget) as follows: "To arrest the decline in the economy, to put the economy on a proper course of recovery and solvency, and to chart a future course for economic stability and prosperity" (West Africa, May 14, 1984). He had previously done similarly, in March while receiving the visiting Sudanese President, Gaafar Nimeiri. Upon his inquiring of what the new military government had in mind for the nation it then ruled, Buhari said to him: "The priority [of his administration] is for economic recovery, providing employment opportunities, improving people's living conditions, consolidating internal security and ensuring foreign respect" (Africa Now, March 1984). In a nutshell, Buharinomics set out to arrest the decline in the economy and refocus it towards recovery.

Buharinomics was to wean the nation off consumerism and profligacy, while channeling it towards frugality and productivity. To accomplish this, the government was to cut down on its expenditure, engage in more efficient restricting and controlling of foreign exchange outflow, undertake the revival of the country's productive capacity (concentration was on agriculture), and broaden government's revenue base.

The first test of Buharinomics was implemented to revive the comatose banking industry and arrest local currency hoarding. In April 1984, the government ordered a change in the color of the Naira. This action was dubbed the “real coup” by unscrupulous business men and politicians who had almost eliminated the need for commercial banking in Nigeria by keeping their moneys under their mattresses or by trafficking them into neighboring West African countries.

This currency change, which forced all holders of the naira notes into exchanging them for the new naira notes at commercial banks, infused billions that had remained unaccounted for into the banking industry and eliminated counterfeited currencies, which had inflicted inflationary and other nefarious effects on the economy. This measure had an immediate revitalizing effect in the banking industry and was an unqualified success. Banks that were close to collapsing became vibrant again, to the extent that some of them began to hire hitherto unemployed Nigerians.

Re: Why Is Everybody Afraid Of Buhari's Presidency by nuclearboy(m): 12:57pm On Jun 17, 2012
GenBuhari:

Jensinmi truly is a supporter of General Buhari! If you wish to be sure, check out his past posts! I believe you know I am also, and so I say the following

I think what he said to you is worthy of your consideration - PDP has used everything as a sword against GMB and now you even give them ammunition because soon, Beaf & Co will say Buhari is living on past Glories! At least you have seen them say it was his deputy that did all in those days! I love your spirited defense of a truly great Nigerian but some of these articles have been replicated over and over to the point of ridicule!

I think that's all he tried to tell you! - just slow it down or the value of these information will truly be lost! Let's tell what he does and THEN, IF needed, we can refer to archives
Re: Why Is Everybody Afraid Of Buhari's Presidency by Nobody: 2:08pm On Jun 17, 2012
I do not see how educating people is a bad thing, whether you consider it spamming or not, it is still informative. It is definately a necessity in a forum where there is a lot of lies and confusion being spread, and where the majority of people are too young to know the truth.

Re: Why Is Everybody Afraid Of Buhari's Presidency by nuclearboy(m): 5:34pm On Jun 17, 2012
As I said, I like what you do but the repetitiveness is what I think he alluded to!

Those for truth are too few so I think we shouldn't be divided against ourselves but listen and try to allow for the opinions of others!
Re: Why Is Everybody Afraid Of Buhari's Presidency by 1025: 5:36pm On Jun 17, 2012
THE ANSWER TO THIS QUESTION IS SIMPLE AND DIRECT - NIGERIANS HATE TRUTH.

1 Like

Re: Why Is Everybody Afraid Of Buhari's Presidency by DaLover(m): 7:31pm On Jun 17, 2012
GenBuhari: I do not see how educating people is a bad thing, whether you consider it spamming or not, it is still informative. It is definately a necessity in a forum where there is a lot of lies and confusion being spread, and where the majority of people are to young to know the truth.

This is someone who cannot say very directly without mincing words "boko harem is evil and bad". He always wants to tie it to politics.

This is someone who presently leads a tribal party

This is someone who didn't see anything wrong with two Moslems ruling Nigeria.

This is someone who situated majority of ptdf projects in northern nigeria

This is someone who fraternised with Abacha very closely....and cannot even criticize Abacha publicly......

This is someone whose party cannot presently show us the difference they brought to the leadership in the few states and LGAS they presently govern....


Please take away this tribal bigot from out consciousness....
Re: Why Is Everybody Afraid Of Buhari's Presidency by Nobody: 5:56am On Jun 18, 2012
^
It is precisely because of constant non-stop lies like this, that I have been posting news archives to show those who are too young to know the truth, what the truth really is.

Abacha was one of our best presidents and Buhari had good reason not to criticise him, he in fact never actually looted and was maliciously discredited bu Obj IBB and world bank, who have since gone on to ruin Nigeria.

DaLover:

This is someone who cannot say very directly without mincing words "boko harem is evil and bad". He always wants to tie it to politics.

This is someone who presently leads a tribal party

This is someone who didn't see anything wrong with two Moslems ruling Nigeria.

This is someone who situated majority of ptdf projects in northern nigeria

This is someone who fraternised with Abacha very closely....and cannot even criticize Abacha publicly......

This is someone whose party cannot presently show us the difference they brought to the leadership in the few states and LGAS they presently govern....


Please take away this tribal bigot from out consciousness....

Re: Why Is Everybody Afraid Of Buhari's Presidency by ladylucky: 8:52am On Jun 18, 2012
BIGER BOY: I am asking this question not because I am not aware of the ethnic ranting related to this topic on this forum. But after carefully analysing it this is what I have concluded

The northern generals are against him

The traditional rulers of the north don't want him to rule

The elite politicians are scared of him too

The corrupt and rich also dread him.

And yet all his past positions are prove of his leadership abilities, ( I was at gwagalada teaching hospital to visit a bomb blast victim, and I still see PTF busses and pillows still in the hospital testament to bukari's ability to deliver). Even when we disagree on Bihari it is on some unfounded sentiments but not on on his record of incorruptibility, honesty and humility.

And thus I ask fellow NL to objectively tell me why do they fear him?

Shouldn't this tell us that the bad elements among us what to keep the status quo of corrupt leaders changing turns north, east and south?
. pls try and move down SE/SS u maynt find much ptf structures to praise, most ptf roads where built in d north. Pls ask imo n abia wht they gained from ptf n they are oil producing states. Buhari stole ptf blind don't even go there.besides a man who will allow innocent pple kill n be killed for his own political ambitions is worse than corrupt he is nothing but a murderer.
Re: Why Is Everybody Afraid Of Buhari's Presidency by Nobody: 1:25pm On Jun 18, 2012
anafest: we are not scared of buhari, we not just clear on wat he wants, or rather wat his intentions are,
wat is he looking for ?he had his chance, wat did he do, plsss,
May Ogun fire you for this useless comment.
Re: Why Is Everybody Afraid Of Buhari's Presidency by Nobody: 1:41pm On Jun 18, 2012
DaLover:

This is someone who cannot say very directly without mincing words "boko harem is evil and bad". He always wants to tie it to politics.


This is someone who presently leads a tribal party
This is someone who fraternised with Abacha very closely....and cannot even criticize Abacha publicly.....
This is someone who didn't see anything wrong with two Moslems ruling Nigeria.

Please take away this tribal bigot from out consciousness....

May the Almighty God, who is in charge of the future and well being of the innocent children, not allow you and anyone else that chooses to tell lies and ignore the truth---- because of the evil in ur heart caused by tribalism and bigotry--- ever see peace or achieve any kind of success in life until u start telling the truth. Amen. This is the prayer I will start asking the lord for bas*tards such as urselves because I am sick and tired of people like you. You deserve to die horrible deaths because you do not mind condemning innocent people to their deaths for ur own myopic reasons. Imagine the crap u just put up there. If u were in front of me, after headbutting u, I would then go ahead and wring ur scrawny neck. He fraternized with Abacha? Oh yeah? Ok, that's one man, do u mind telling us who GEJ fraternizes with you im*becile? What's wrong with two Muslims being in charge if they are qualified? Ehn, tell me you piece of sh*it whose generations was destined for poverty? I repeat again, people like you deserve to die horrible deaths. This is why I hope that country splits because every side has a different moral code. . . . You guys are freaking disgusting. The mere fact that you can't see the truth and speak it tells it all about your kind.
Re: Why Is Everybody Afraid Of Buhari's Presidency by ladylucky: 2:43pm On Jun 18, 2012
kingoflag: May the Almighty God, who is in charge of the future and well being of the innocent children, not allow you and anyone else that chooses to tell lies and ignore the truth---- because of the evil in ur heart caused by tribalism and bigotry--- ever see peace or achieve any kind of success in life until u start telling the truth. Amen. This is the prayer I will start asking the lord for bas*tards such as urselves because I am sick and tired of people like you. You deserve to die horrible deaths because you do not mind condemning innocent people to their deaths for ur own myopic reasons. Imagine the crap u just put up there. If u were in front of me, after headbutting u, I would then go ahead and wring ur scrawny neck. He fraternized with Abacha? Oh yeah? Ok, that's one man, do u mind telling us who GEJ fraternizes with you im*becile? What's wrong with two Muslims being in charge if they are qualified? Ehn, tell me you piece of sh*it whose generations was destined for poverty? I repeat again, people like you deserve to die horrible deaths. This is why I hope that country splits because every side has a different moral code. . . . You guys are freaking disgusting. The mere fact that you can't see the truth and speak it tells it all about your kind.
. Oh shut up. it is ur blind support that has refused to let u say the truth, the corpers who died for sai buhari ambition will never live again. Why couldn't he speak up agaisnt the killings?? His pple wud hv stoppped if he spoke but he wanted power so badly so he allowed pple die for his aambitions. Buhari cnt rule bcuz SE/SS mean nothing to him, he didntt even campaign there n he wants our vote,pls explain why all PTF projects where in the north?? wht does he want in asorock?? To steal the money he forgot to steal in PTF?? Pls make we hear word, even OBJ first regime he didn't steal 16 billion dollars when he went back in democrcy he made sure he corrected dat mistake. Buhari is looking for retirement plan n we wont give it to him. Wht has he done in his state all this time if he loves his people so much, it is election time we will start hearing nonsense. If he likes let him bomb the whole north he is not going to asorock if he loves us so much let him wear isiagu n come n campaign in d east then we will know he is detribalised. BORN to rule campaign team.

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