₦airaland Forum

He knows he is a failure already

Lol...when people reason like this to justify the hardship Tinubus policies have caused, it makes it clearer to me Nigeria can never come out of her current problems. They will repeat the same mistake again. Imagine this one trying to put ethnic coloration to a socio- economic situation.

Hezmatosky:
I believe the Hausas are just creating artificial inflation on these items. Few months ago it was onions. Now is pepper and tomatoes. That's how beef became 'dont near me' till now. All these things supposed not to cost. They're just doing all this things because they see that it's only them that are doing the farm and we easterners don't do farm. I don't blame them. Gone were the days when planting of tomatoes, pepper, onions, potato, vegetables, okra, egusi, used to be the pride of our young girls and boys in my town and towns around. Norbe all these rubbish tomatoes and pepper we eat now. It was only visitors that used to buy all those things then. Many ladies used the proceeds to build house for their parents, set up mini business for themselves. Na this stupid yahoo and Japa syndrome kill us finish and make us dey live in the mercies of aboki

I said it many times here...people still have not understood the magnitude of the damage Tinubu has done to the economy of Nigeria with those thoughtless decisions earlier in the life of the administration. Wait till end of year of 2025, when the full effect have circulated round the economy, you will understand the reason that man shoukd be stoned out of that place.

samomoli:
If you buy this for #500 in birin kebbi . definitely Nigeria is gone. remember my nysc days in kebbi 2006 . × 4 of that is like #100.

...but your President keeps going abroad to beg for FDI....

Tvegas:
Total can do whatever it likes with its money. The earlier Africans realise that the best form of Growth is within and not dependent on foreigners the better. All we need is sincerity of purpose .

...more like Tinubu...take Buhari out. At least he was natively intelligent not to destroy its nation by devaluing the currency. Only one of them was gullible enough to listen to stupid advices and destroy the nation with senseless reforms.

Promismike:
All thanks to Buhari, Tinubu and APC.

Nigeria will always curse the day these idiots where born.

...and your President is going cap in hand to beg for FDI everyday to revive the nation from looming recession after damaging the economy with senseless reforms...yet you said these ones should park and go since they prefer a war ravaged country to yours...you should have a deep reflection and therapy session. It is a heavy message

whytediamond:
Total Energies, the leaders in environmental pollution and degradation of our eco-system.

Make dem park one side abegi

The Governor does not necessarily have to discus with the President on the matter. It is his state's affair. You sound like someone who doesn't understand how things operate politically. When Sanusi was installed, Kwanakaso and Kano state never agreed with the Jonathan Government it was even against the wish of the Presidenxy then.

Invest4growth:
If this allegation is true then Nuhu Ribadu should be fired from the administration. The current Governor cannot go to this extent without first discussing the idea with Mr President. None of the two Emirs control any military. Nuhu Ribadu should be eased out of govt for putting the country on edge because of his indecision.

Just see how somebody is stating an obviously incorrect information with boldness...imagine the dim-wittedness. She is not current. Events have by passed this one welcome from the cave.

Xavi was fired . Shikena. In fact as of Wednesday, he was stylishly begging to stay.

tenpipsperday:
Oga stop the lies. Barca didn't sack Xavi, he opted to step down at the end of the season. Tomorrow you came and tell us Liverpool sacked Klopp

Forget it...no one will protest its either it will be sabotaged by the stupid tribalistic irredentists or those who are still gullible to believe that this government is doing the right thing.

I had said it before on Nairaland, if Nigerians truly understood the real damage Tinubu has done to this economy, there should have been very violent protests since last year. Tinubu has buried Nigeria with the decision to devalue the Naira. The worst economic decision by any Nigerian president. Wait till next year or two to start seeing the extent of the damage.

ProjectsCityNG:
Protest is coming that will shut down this government. Nigerians only need to suffer a lot to forget about enthocentric positions and this man has pushed everyone to that level

...you are the real mumu man here. In fact, you are a dim wit not to know that the subsidy has sureptiously been smuggled back into the government's spending according to all reliable sources, despite several denials by the govt. Of the truth, there was a recent warning by IMF that the new borrowings by this govt have been used to sustain the fuel subsidy and it may not be enduring.

Again the fallacy of floating the naira to find its natural course has been debunked by several reliable international sources. The naira was simply devalued, in June 2023 and in January 2024. There is no free floating anywhere according to the exact definition of free floating, in the Nigerian current situation. CBN still controls a huge chunk of the supply and sometimes determines rates to sell to to the public. That is not free floating.

That it was floated and it has found its natural course os the dumbest lie sold to gullible Nigerians and it pains me really to see dim witted ones try to rationalise the foolishness behind rgat decision. How do you float a currency in a system that even your own currency plays a second fiddle to another foreign currency? Where is that done on the world? You don't float your currency unless you have put in place strong monetary measures and regulations to put your currency at an advantage in your own economy. The devaluation that was done by this administration was a brainless one that will debar the progress of Nigeria for another 20 years if not more.

Finally, there is not better thing in the long run for Nigeria, where future economic projections are very dom and there is a protected recession for coming years. Thinking and believing that there is any benefit in the long run based on these poorly implemented and thoughtless policies is not only stupid, it is imbecillic to expect such in a shrinking and declining economy like this woth heating signs of a long term recession

CommonSense1967:
Mumu man shut up if you lack basic common sense to understand what he's saying.
Any govt can continue what we used to do and Naira will be where the govt want it to be. But that's not how you grow your economy in the long run. This govt have allowed the currency to find it's natural level. It takes courage to take hard decisions because they are not often popular but they are for the best interest of the country.
If they want to manage the currency tomorrow, they can easily do it but that's not the objective.
This govt is the first govt in thr history of Nigeria to the real advance micro economic decisions that will actually grow the economy in the long run.
They can also return the fuel subsidy and prices will crash but what benefit has that brought the country by doing that over the decades?
Stop being a classic olodo and use your shallow skull a little bit.
This is not about making popular decisions, it's about making hard and difficult decisions that will have long lasting positive economic effects.
These are hard decisions that must be made, only a competent and brave govt can make such decisions despite the out crry.

...hhhmm!! Word!....but they with hear.

IbrahimSola:
Clueless clueless clueless.

The idiioots in govt can't still find out what determines exchange rates. You're producing nothing, you own a palm oil plantation. Instead of milling your oil by yourself, you sell the fruits in bunches and prefer to import the oil from another state to use and cook at international prices. How else can you define stupidity?

You depend on World Bank on how to run your country. When did the West start wishing Africa well?

You can't hire a 69 year old to run your company, but you hire them to run all your institutions.

You produce nothing yet you expect your coin to compete with the coins of other countries that are producing.

You remove subsidy without any plans on ground.

You promise to fix refineries to begin production in December 2023 while the long awaited Dangote refinery was to start working in July 2023. All farce.

You run a country where people are kidnapped just anywhere and farmers are prevented from going to farm and you're expecting that food inflation will not come. What a clueless people!

What is seasonal about the demand? Is this the first season ever witnessed in Nigeria?

Now Labour is asking for new minimum wage. Why not use that energy to DEMAND that politicians must be put on minimum wage. I don't need to earn higher wages if what I am earning now cannot get me anything. Minimum Wage is 30k while a bag of rice is 90k.
If this daft country is not careful, this minimum wage with the current level of inflation will bury this country.

The earlier you daft and useless clueless thieves in power start looking at the evident causes of high exchange rate, the better. The earlier you start flooding the market with food from wherever the better. But that can't solve anything either, just a temporary relief.

Pursuing crypto dealers and others won't fetch you a teaspoon of solution. Stop insecurity and invest massively Mass Transit, reinvest the subsidy pay or keep chasing your ghost that doesn't exist.

Get the refineries to work. Reduce the waste in government. Sack the MD of NNPCL.

Sack the MDs of the refineries . Stop their salaries if they're not refining. Why did you pay refinery workers jumbo salaries why you withheld the salaries of lecturers? Either the people in government are mad or they are very very mad.

Nigerians are sleeping hungry everyday. Go to hospitals and see how people are dying due to lack of funds to pay for treatment.

Go to the market and see how everyone is carrying mournful faces (apart from families of the thieving politicians and elites).

Go to the Universities and see how students are looking harassed because many have not eaten, not to talk of paying fees. People are harassed psychologically and mentally everywhere.

There's no middle class again in Nigeria. You are either poor or rich.

Then all the government knows is to spew thrash... How can you say u know what Nigerians are going through yet you can't open the treasury to flood the country with mass transit buses? Fuel price is on the rise daily and you're too clueless to know that the strongest factor is transportation while you're tackling your exchange rate that was caused by your policies.

There are some politicians that if Nigerians should have the opportunity to flog, some people would carry annoyance and flog them to death. The suffering is too much.

My consolation in all these is that we the APC members and INEC staff have our separate market to buy our goods. We the APC MEMBERS we buy our bread N150 per loaf and we buy fuel at N67 per liter. The price of garri in our APC INEC market is 10 cups for N100 and a bag of garri is N3,000 per bag. We're gladly insulated from the lazy Nigerian masses.

...below is the summary of the current problem. Out of the millions of the people posting on nairaland(majority are daft supporters of bad governance anyway), this is the first time I'm reading anything close to what has gone wrong with the current economic issues in Nigeria so far....... Timing.

Those decisions were needed ar point but the timing of both were very poorly thought through. As it is, Nigeria has gone back 20 years in retrogression with the timing of those changes.

otherway:
You go explain tire.


Your boss caused it by removing subsidy and unifying exchange rate at the same time.

That arrogant mistake by Tinubu has caused an irreversible damage to his tenure.

So blame Emperor Tinubu the drug sniffing election rigger, certificate forger and impostor.

Is that a priority now?

LOL!!

So they are nkt Nigerians? They should not complain about the poor economic decsions of the "fake accountant" ?

seunayantokun:
Shameless people. Do you have any moral right to criticise any president after your Buhari evil which rather than criticise, you commended and supported for fulanisation genocides.

So, all the self inflicted economic issues currently bedevilling Nigeria were caused by people not paying taxes? LOL!!
Another dimension of the blame game

Quintessence44:
Nigeria is one of the most under-taxed countries in the world.

IF WE DON'T PAY TAXES WE CANNOT EXPECT IMPROVED SERVICES.

The reason LAGOS has been the leading state for many years now in terms of development is because they vastly increased their tax revenues.

That ILLITERATE MALLAM should shut his Gworo-chewing lips, and go learn how a modern economy works.

...what point have you made ?

Vulcan24:
NL pls read about CNG automobile before una begin to condemn the initiative naa!

I thought young ppl are versatile and ought to be creative in their thinking!

I sell brand new cars and we are converting some locally manufactured vehicles to CNG and also looking at bringing in busses like the BRT running on CNG. The cost is lesser than petrol. Petrol engine cars are very expensive to buy and maintain

I keep saying it and repeating it over and over again. People have yet to understood the magnitude of the calamitous damage Tinubu has done to the Nigerian economy. By those brazen, thoughtless decisions he took early in his administration that he was fronting as "bold reforms"....
The effects are yet to start manifesting. I give Nigerians two more years before they will realise the blunders of those decisoms taken in a drunken stupor...

This dim witted fellow still has not realised that the subsidy payment that was gleefully removed has crept back in a bigger fold with Tinubu govt even borrowing to pay for it. So what was achieved??

nairalanda1:
I am not a fan of tinubu, and let us be honest, if PDP Had been united, we would not have been talking of APC In power. APC Lost 10 million votes from 2019 in the last election...the palaver was the opposition was divided.

But on this idea that tinubu destroyed the economy in one day, is bunkum and an exaggeration, and I say this as someone who thinks that Tinubu is a bad leader.

But the Zim example...Zim already was having economic issues. Mugabe in essence wrecked the economy further by destroying the white owned farm system in the name of justice. Good intentions, but at the end, the economy, already crashing, went down

But back to Nigeria

1.By August 2022, our debt was consuming 90% of our revenue. It was so bad, that we had in essence pledged a large chunk of our reserves against our debt.

2.And a large chunk of the debt was due to two things

a) Oil prices being too low from 2014-2021, and 2022-date for us to have enough cash. We have 200 million people, and have enough oil for a nation that is the size of the UAE....with 20 million or less. We need oil to be above 130 DOLLARS per barrel consistently for us to balance the budget. Oil also forms 80% of our revenue. The rest is from taxes.

b) Subsidy costs rising

IN January 2012, when GEJ wisely tried to remove subsidy to make fuel cost N141 from N65 , Landing cost of fuel was N99, while cost of fuel at the pump was N65...MEANING...subsides cost N34. BY 2023, fuel was costing N195, AND Landing costs were over N400.

3. If Tinubu had kept subsidy, by now....landing costs are over N1100, assuming he kept it at N200 per liter, by now, subsidy costs would have been eating somewhere around 18 trillion naira of our budget.

At the end , we would have been borrowing even more to fill the resulting deficit...meaning that by now, debt would have been consuming all our revenue, and a huge part of the loans we take .


There is a reason why OBI and atiku and tinubu, and all the candidates EXCEPT Sowore, said they would remove subsidy (Yes, even the 36 year old prof stated that subsidy would go, as did the SDP candidate). They could see the disaster approaching.

And there is a reasin why GEJ was bloody right in 2012...and yes, I backed him back then on subsidy DESPITE Being his critic, (as I am of this admin, and Buhari, and most of our governments, because we have never had a good government in this country)...because his advisers could see the disaster comming...and because by 2012, we were refining 95000 bpd, down from 400000 bpd in 1986.

As at May 29, 2003, most of our revenue was going to pay for debt. There was no money for subsidy anymore. The tragedy of TInubu';s government is that he brought back subsidy, now at between N400-600 PER LITER....meaning that at the end, we are going to borrow more and more to fill the resulting deficit.

(Also African economies are walking disiasters because they rely on the price of the resource they sell. If cocoa goes down to 1 dollar per ton, Ghana will collapse. If the price of copper crashes, zambia would collapse. Wait, it has happened many times. The only strong african economies are the diversified ones like SA and Egypt...and even Egypt is in a mess, their debt situation makes Nigeria look just as nice, OR countires like Botswana that have a very tiny population. )

Ye can abuse me, and God knows I have been abused on this site for supporting subsidy removal...and even trolled, and called mentally deficient and foolih. Yes, I KNOW...MOST NIGERIANS ARE POOR AND SUFFERING. YES, I KNOW THAT WE CANNOT AFFORD FUEL AT MARKET PRICE, AND GOD KNOWS I WISH THERE WAS A WAY....TO KEEP SUBSIDY. I EFFING KNOW.

But I know that if tinubu kept subsidy so that we could afford fuel at N200 per liter, by now we would be basically run out of money. You want your salary paid in 2 years time? You want us to pay two thirds of our budget this year on subsides....because cheap fuel...and take a loan to cover the hole.


Subsidy should have gone in 2012, or even 1990.


(NO, i DON'T SUPPORT APC, or am I blind. But I had my eyes opened in 2012, and I am not going back)

Nigerians still haven't realised the damage that dunce called Tinubu has done to their economy...we wait to see it in few years...the multiplier effect.

10mobile:
What do you think about this comparison between President Tinubu of Nigeria and former President Mugabe of Zimbabwe?



As for me, this isn't just social media banter. Instead, I see a big truth here.

Yes, it took Tinubu just ONE DAY to take the Nigerian economy a million rungs down the ladder. If you still don't understand, here's what I mean...

I used to pity those African countries whose currencies exchanged as much as 1000 units per USD, wondering how they're able to survive in international trade. But today, our Naira is way below this.

And you know what? It took just ONE DAY of Tinubu's most insensitive announcement of subsidy removal on the FIRST day of his presidency to start the swift downward spiral that brought us here.

I laugh when I see Nigerians who still hope that Tinubu will somehow get it right before 2027. See why...

1. Do you know what it will take Tinubu to repair what he has damaged first before making his own positive impact? For instance, how much do you think it will take Tinubu to take the Naira back to where he met it before improving on it?

2. How do you think that someone who was so callous as to make that ill-fated announcement on his first day in office, will now be committed to the welfare of Nigerians enough to make such an impact in 3 years or even 7? Do we even think beyond our noses?
3. Do you know how much Tinubu spent to become the President against all odds? Do you know how long it will take him to recoup his investment before paying any serious attention to you and I if at all he cares?

Someone may now come and begin to tell me one or two things that Tinubu may have done well in his/her evaluation. But the truth is that there's nobody who will not do something well to some extent as a president (even if he is a one-year-old). Instead, we are talking of overhauling the country which we are desperately in need of. So I'm saying no one should expect that from Tinubu not even until the year 3,000.

You must be a joker. Can you truly list what he has really achieved in any of these?

Paramount01:
If Tinubu has not done well in the following ways that shows your hatred has already marked him failure before he starts his tenure

1)sport
2)infrastructure development
3) security
4)FCT development

Lol....I'm sure the worl knows who tha daft is here.
The person who claims somebody else caused the problems, yet, the solver is doing much to worsen the situation or the person pointing out to you that your "brilliant accountant cum strategist" is groping in the dark and fumbling with decisions that will see Nigeria's economy regress to the 4th largest in Africa(from the 1st that Buhari met it and maintained it) just under 8 months, inflation projected to be 40% soon, receding economy, shrinking production, increased insecurity, elevated corruption, currency being devalued at an alarming rate, etc...

It is too much for you, I know.....lol...nothing upstairs other than Yoruba ronu!! Oponu, amukumeko!!
I hope you don't attempt to procreate, otherwise, producing more of your likes, products of your loins, are going to send the country into the grave.
Don't bother to procreate

MrIcredible:
Ọdẹ oponu
Why will I waste my precious time reading what a retãrd wrote?
I didn't even read more than two lines

...I'm sure you cant comprehend all that i wrote down there hence that your short imbecillic response. Oponu!!

MrIcredible:
Lol
Mumu

LOL..some of these economic illiterates will not cease to amaze me

What a display of idiocy by this daft below?
The question you should ask yourself is what exactly was is in for Nigeria to have devalued its currency and then cause an implosion leading to a recession in its economy? What sense is in removing subsidy so brazenly, make bold about it as reforms and then return to borrow foreing loans months after to pay more for same subsidy at a higher rate? That is stupidity defined, it is not Buhari

If an illiterate could keep an economy from not receding and maintaining it as number 1 in Africa for 8 years despite the challenges, how come the "educated strategist" came in 3 months and scattered everything?

When you see idiots like you coming to make excuses for someone's blunders, it shows your background.
The rest of the nonsense you posted is foaming in the mouth, gibberish. Ignored.

MrIcredible:
Some of you are just miserably foolish.
So you think the economy suddenly just went down within 1 year and it's all Tinubu's fault.
How can you ever make it in life with this senseless and irrational thinking?

Lol...imagine dumbness. Wait till December and we shall know if you won't be begging to have Buhari back.

Sapasenator:
Nigeria actually collapsed under Buhari.

You are still concerned about what happened during Buharis tenure, when infation is projected to be close to 40% before year end and value of currency plummeting daily, thereby putting more Nigerians in abject poverty.

Some of you guys in Nigeria are so dumb. Whether you voted Tinubu or not, the current issue is that the fake "accountant" has really mismanaged the country in less than 1 year and there is more terrible news coming. It is an impending doom.

And here you are still blaming Buhari? Tueh!!

MrIcredible:
Useless mumu malo cow

Pained frustrated and defeated soul

The fool ani cow is pained because Tinubu didn't give him any appointment

Tell the fool to list all his achievements during that terrorist buharì regime and he'll start lying and making shìts up.

Shameless cow

Correct. The so called " first class accountant" that we know never went to school decided to devalue naira without understanding the implications. It is just from one muddled up policy to another...gropping in the dark to be mildly. Nigeria will not recover from that dumb decision for next 20 years.

omoredia:
We can see that the problem of Nigeria are the so called educated people that actually don't know anything

You are the dumbo here. He is not cleaning any rot, he worsened the situation with brazen stupidity just to claim a "bold reformer" without understading the full depth and implications of his foolishness.

How is removing the subsidy,borrowing money to pay palliatives to cushion the removal and then return to borrow money to pay more subsidies much higher that he met, cleaning the rot? That is stupidity defined.

How is devaluing the currency without mopping up excess liquidity and battling inflation first and then de-dollarise the economy in a country where naira is seen as the secondary currency before attempting to float the naira cleaning the rot? It is called foolishness. Even Buhari , regarded as a stark illiterate, was more intelligent than this.

Now he sits with a shrunken economy, exploding inflation and impending recession that he can't find a way out. He has been found out. Overatted fucker.

Still don't know where a lot of you guys get your cluelessness from. Inflation is projected to be going to the 40s and here you are defending brazen stupidity. Dim wit.

TotoIsGud4boy:
Dumbos will raid this thread like EFCC to blame this current administration for the weak naira…. It’s like seeing this country fail gives them a high more superior to crack cocaine. Which gender complains the most ? Women!! That’s why the Agulu transgender with a feminine voice was sold on us and failed, hence the teeth gnashing and constant complains on this wonderful administration. Explaining to them the rot tinubu is cleansing in the system will be even easier to grasp by a 5yr old than this pathetic naysayers and sour losers suffering from yEAST infection. They’re still sensible people from the east tho, that despite being somewhat pessimistic just like all of us are (truthfully), still have hope in this administration and are willing to give Tinubu a chance, cos we’re sensible and good people with clean hearts.

[Youbsre the dumbo here. Tinubu is not vleaning any rot, he worsened the situation with brazen stupidty by implementing things he did not understand. Brazen stupidity just to claim reformer.

How is paying more subsidy than he met cleaning the rot?

How is devaluing the currency without putting the appropriate structure to de-dollarise the economy first, cleaning the rot. Even Buhari, regarded as an illiterate understood better.

Only God knows where you guys get these level of cluelessness from.


quote author=TotoIsGud4boy post=129964336]Dumbos will raid this thread like EFCC to blame this current administration for the weak naira…. It’s like seeing this country fail gives them a high more superior to crack cocaine. Which gender complains the most ? Women!! That’s why the Agulu transgender with a feminine voice was sold on us and failed, hence the teeth gnashing and constant complains on this wonderful administration. Explaining to them the rot tinubu is cleansing in the system will be even easier to grasp by a 5yr old than this pathetic naysayers and sour losers suffering from yEAST infection. They’re still sensible people from the east tho, that despite being somewhat pessimistic just like all of us are (truthfully), still have hope in this administration and are willing to give Tinubu a chance, cos we’re sensible and good people with clean hearts.[/quote]

As inflation is nearing 40% and the Naira is getting devalued everyday, see what these dafts spent 2 days deliberating upon. Misplaced priorities
.

Not surprised anyway. The looter of Lagos has been found out. No economic sense.

....and face clueless leadership, inflation and devaluation ?

GreatManBee:
To all the japarians.. Come home and invest oo