₦airaland Forum

I wonder where these people get dim witted assumptions like this from. A SPV that has no name,
all still in the pipeline...?? And this one is already assuming for a President who was so overated has no idea and completely confused at the moment This government will be far worse than Buhari's.

emkz:
I see what Tinubu's administration is trying to do.

Through SPVs from PPPs like we have with NLNG, which has consistently returned profits to the Nigerian state, Tinubu wants to simultaneously launch several ambitious projects nationwide.

We have seen this with the 2 proposed coastal road projects and now the building of fibre optic cable.

I also hear NIPOST may be restructured to become a profit-making agency.

1. NIPOST Properties & Development Company Limited.

2. NIPOST Transport & Services Limited; -NIPOST E- Commerce Services Limited.

3. NIPOST Financial & Digital Services Limited.

4. NIPOST Microfinance Bank Limited; -NIPOST E-Government Service.

This is according to one @OpeBee on Twitter.

May the Tinubu administration and Nigeria succeed.

Inflation would get to 50% soon

Completely myopic.

First the nairas value is atill not determined by market forces. For the umpteenth time, naira is not floated. It was devalued. The supply is till being controlled and sometimes managed by CBN. To also think, Naira will suddenly regain its value with local exports and production and without curbing excessive corruption and spending which is losing to the high demand is completely being blind to the dynamics controlling the value of the Naira in Nigeria currently.. There are countries that import more than 150% of their GDP(according ti the world bank) and still have highly valued currencies compared to even the USD

These guys don't know what they are doing, simple.

Angelfrost:
The forces of demand and supply... Since lots of subsidy are no longer paid to prop it, it will collapse without high demands.

Without industrialization, diminished imports, and enhanced exportation, this demand for Naira will never happen.

Very funny how these people throw the blame at Buhari. Naira was stupidly devalued by Tinubu without understanding the consequences. Besides, Tinubu has borrowed so much in less than a year compared to what Buhari did in his latter years and guess what? the Tinubu administration is still borrowing front the ways and means(printing of money) they castigated the Buharis government for. So where is this dim witted defence coming from?

cjrane:
Nothing we can do now. We have to go through this storm and naira will finally stabilize at some point.

What we are observing are the fruits of mindless borrowing and printing of money that was the hallmark of Buhari's regime. Unfortunately, these things take time to manifest and Tinubu is the unlucky guy in power when the effects of those economic crimes by Buhari are now manifesting.

This is the type of response that comes from a dimn-witted fellow who believes the rubbish stats put out by the government. The current administration is still collecting more loans and will even need to collect a lot more than Buhari did at the going rate. In fact, the recent statistics showed that government is currently printing money through ways and means, same thing they rebuked the Buhari administration and Emefiele for.

Putindbutt:
Nigeria was using 97% of our revenue to service debts but they want Tinubu to continue with that. Wailers, you have more years to wail.

...permanrbtly ion ignore list..auto delete qithout reading. Daft buruku!

Wickedlywicked:
Omo werey. So you later edited the post without giving me credits and an unreserved apology😂
E no go better for you as you correct am so. I can see you’ve finally realized that Singapore doesn’t even produce oil but exports the refined/finished oil products to even countries that have crude oil (meaning that it’s a country that invested in building refineries despite not having oil) unlike Nigeria that has the oil yet no working refineries.
THE FACT THAT NIGERIA ALWAYS BUY BACK HER EXPORTED OIL AT EVEN HIGHER EXORBITANT PRICES MEANS THERE’s NEVER AN EXPORTATION IN THE FIRST PLACE. Unlike all the other countries you listed, Nigeria is the only country importing back her exported oil in refined form at high cost😂 No be juju be that?
Nigeria’s oil importation is one of the biggest challenges gulping the forex making the USD a scarce commodity hence, the rise in its value on Nigerian soil. It’s that simple. My point from the very beginning is that all the Nigerian leaders are failures without exonerating anyone among them.
Next time, don’t be like your father. Don’t be in a rush to rubbish people’s intelligent opinions when you know that the thing being discussed is far above your mental capability. Don’t be like your father.

...did he actually go to that University?

wirinet:

https://www.youtube.com/watch?v=UYbNl3qhUgk?feature=shared
That's the paradox of the Nigerian society, an illiterate who had never been to a university understands basic economics, while a first class accountant from a US university does not understand basic macroeconomics.
Buhari correctly predicted that floating the currency for an undeveloped and unproductive economy like Nigeria would lead to economic crisis.

I even doubt that our first class US trained accountant can have a one on one interview with foreign journalists to discuss his economic ideas and policies.

...uh! another Proboscis! lol!

leokid866:
in your effort to act smart you've contradicted yourself but let your brain keep rolling around like loading screen you'll get there someday......

What a dunce.
You will think this buffon had anything upstairs with the way he started here, only to find out he goes to investipedia for knowledge. Imagine??

And I really thought he was coming up with something
completely different from the rubbish other louts have been blabbing here until I read that naira was floated(even the world bank and IMF know naira is still being controlled)...and he went on foolishly to state that production only was Nigerias problem. Lol! As if Nigeria has not always been import dependent since the 60s. Oponu!!

Ta lo bi werey yii na??

Some parents should have done the world a favour long ago

Morphinne:
My friend, you are actually the illiterate here. What you are seeing today is actually the actual value of the Naira and what it should be since the time of Jonathan. This is not me crediting him but devaluing the naira isn’t the root cause of the problem but the troubling discrepancy in the importation to exportation ratio is.
Nigeria has always had a higher demand for the US dollars and foreigners aren’t seeking to buy our naira because they just don’t need it because we aren’t PRODUCING AND SELLING tangible things to them. Your currency becomes valueless if nobody wants it. Nigeria’s economy is import-dependent. We buy virtually everything we need from abroad using the scarce US dollars. It’s that simple and it’s no rocket science.
I would have thought you were economically exposed if you had said Tinubu isn’t encouraging aggressive exportation practice just like his failed predecessors but praising Buhari (another failed illiterate) is the height of it all. Buhari as how?
In fact, all of them are failures including Peter Obi and Mikano, the two notorious importers.

..you are on the ignored list. I really thought you had anything upstairs with your first post. I was excited thinking finally, there was someone with some brains on Nairaland.... It's now so glaring that you are blank headed...only go to investopedia to copy ideas. Lol!! Imagine the dumbness!!

Again, try not to procreate, you will only create further problems for that country.

Wickedlywicked:
Okay, I get your time. I will summarize the whole thing.
So Omo ode, I said you’re just as ph00lish as your father and also asked where you got the erroneous statement that:
“Kuwait, Bahrain Jordan, Singapore and Oman produce nothing with resoec to production other than oil exports”
You’re so entertaining but please, can you explain that phoolish statement you made with so much confidence before digressing?
So you want me to still entertain you further to start talking about devaluation and floating? No,
Let’s address that one first arindin omo ode

...the moment you stated that Naira was floated, I knew you did not know what you were saying. Probably heard all of these at a beer parlour or one of those newspaper vendor stands where louts like you go to exchange ideas. Naira was devalued. CBN still controls the supply of USD and other forex into and out of the country, so it still regulated.

I refused to read and stain my brain with the rubbish you wrote below, because it will be none other than some fecal nonsense from a dim-witted, half educated intelligentsia wannabe. Dont have time nor sympathy for slowpokes

Wickedlywicked:
I’m sure someone gave you that advice and it has been living in your head for a long time Honestly speaking, I don’t blame the person because he must have seen that you’re so phoolish that you birthing kids would be the most disastrous event in the history of mankind
Didirin just legit said that “Kuwait, Bahrain Jordan, Singapore and Oman produce nothing with resoec to production other than oil exports”
Now see the dundee I’m stooping so low to argue with . The Internet is the cheapest platform that gives eeediots so much freedom to air their sickening opinions.
Firstly, who told you that blatant falsehood, please? Are you proud of yourself for making such an erroneous claim?
My friend, you shouldn’t have uttered that.
They all export so many other things and it’s just that oil is their major exports in the Middle East.
Singapore on the other hand exports a wide range of both raw and refined products.
Even though exportation is not the only reason why they have strong currencies, believe me, the exportations far outweigh their importations hence, they have more USD in circulation than Nigeria i.e they have lesser demands for the foreign currency than Nigeria.
Do you now see the reason why I said you’re a waste of space and a lost cause? Oya tell me sorry no vex.
With what I just read, there’s enough justification to leave you to keep ranting to yourself because you’re extraordinarily phoolish just like your father (my sincere apologies but believe me, it’s only heredity that can give this level of eeediocy I’m seeing in you.
A simple internet search would have saved you.
Lastly, let’s talk about your second mumu point. Libya is more corrupt than Nigeria—sitting among the top ten most corrupt nations in the world according to the 2022 corruption perception index yet the Libyan dinar is far more powerful than the Naira
Can you see how ph00lish you are?
Nobody is praising the Nigerian government here and in fact, if you were bright, you would have easily known that I’ve been faulting them from the start that their visionless approach and failure to make Nigeria’s exportation higher than her importation is the reason why the naira is in abysmal state but your didirin self is always after politicizing everything. To me, Tinubu is relatively better person and that doesn’t mean I should start exonerating him from the leadership mess Nigeria is currently in just because he’s my favorite so far. I have no more reason to keep entertaining you Omo ode.
Ignored.

Lol...I tried to read this piece of asinine conjecture below, expecting superior intellectual argument and had to stop half way to preserve my sanity. This dude is dim...a complete slowpoke. Pure gibberish and infantile conjecture.

I argued with World bank data to let you know you were speaking from your anus stating Nigeria's problems were only about production and he is here attaching bull shit clippings he quickly googled on Investopedia about what makes a currency strong or weak really?? it is easy to know those who rush to google information to claim expertise. Investopedia is for learners!! Daft!! Who gave birth to you?? You should have been "culled"

If Nigeria managed its oil well with no corruption, it would not be in the same nonsense.
Kuwait, Bahrain and Oman produce nothing with respect to other industries than oil exports, import everything and their economies are not tanking. Jordan and Singapore do not even have oil(ranked 96th and 78th in the world with respect to oil and gas reserves respectively), import more than 150% of their GDPs and produce nothing or very little yet their economies and currencies are not falling off. Their economies should have gone under if this was about local production. I have proven it to you, the issues are beyond local production, otherwise those other countries would never have been sustained.

I was shocked to see Buhari understood some of the dynamics far better and resisted devaluing the currency because he knew the implications. If anyone has the video where he spoke to Aljazeera and gave the reasons for not devaluing, please watch it, you would appreciate someone with native intelligence. Not with the current idiot and fools like the one typing down here. All countries fight to defend their currencies by any means necessary.

I hope you don't attempt to produce offsprings, otherwise the problem of that country will be more than multiplied by the offshoot of your loins roaming about with defective pedagogical genes like you have displayed here.

Oponu! No wonder criminals take then for a ride in that country when you have half educated buffons like this thinking they are intelligent

Wickedlywicked:
This ozuor just legit compared the Jordanian economy that’s ranked the 3rd freest economy in the whole of the rich Middle East and also ranked pretty high in the world to that of Nigeria . You’re comparing an economy with currency pegged to the US dollar, a stable currency, to that of Nigeria. You are comparing a middle income economy to a lower income one.
Your eedi0tic self failed to realize that the Jordanian dinar just like the other dinars such as the Bahraini and Omani own are all strong currencies pegged to the US dollar (a currency that’s free-floating I.e its value is determined by the law of demand and supply) and not just an ordinary one but a highly sought-after one at that.
No, tell me, why should I waste my time on a fishbrain like you who doesn’t know that Nigeria imports more than Jordan meaning that more Naira is used to buy the Dollars Nigerians seek to get in order to make their purchases (Import) hence, the reason why there is more scarcity of dollars in Nigeria than in Jordan?
Just like those top 5 strong currrncies I named earlier, the British Pound is another strong free-floating currency and it will interest you to know that the strongest currency in the world i.e, the Kuwaiti dinar is and one of the top ten strongest currencies in the world, the Gibraltar pound are both pegged to the British pound that’s also another free-floating currency whose value is determined by the force of demand and supply, inflation rate, interest rate etc.

I never tried to exonerate the Nigerian governments of wrongdoings and corruption but just stating the fact that one of their many fails (not making Nigeria a producing economy while we keep buying things massively using foreign currency like lazy thieves) is one of the reasons why our currency is falling freely everyday. Your likes are many on this forum. You wrote so much jargons while lifting stats online yet couldn’t suggest one feasible solution but ever ready to rubbish sensible takes by others. I said it that Nigeria is not producing enough and that it’s one of the reason why our currency is falling like a crashing rock which you blatantly faulted but couldn’t come up with a sensible take.
Nobody is saying that it’s the only reason for weak currency value but at least, it’s one of the major factors affecting the value of each country’s currency.

I have no reason to keep wasting my time on a pathological phool that doesn’t know the basic fact that a country’s currency is affected by so many factors and the major of which is the rate of demand and supply of such country’s currency in the international market.
Mind you, I’m not posting the screenshots below to educate you because you’re a lost cause. It’s strictly for humans. I thought this was a basic knowledge which every right-thinking and sane person should know. You never claimed to be sane tho
You are being ignored.

...why do you think other previous NSAs quietly dodged the bullet and only the foolish one deemed it necessary to implement?

If you cant see that you are the stupid one here, then, I hope you do not father any children, because you will create more problems for that society, with more imbeciles like you from your loins.

Eniitankorede:
Only stupid person say what you just wrote. What’s the purpose of making a law? Was Jonathan drinking whisky when he signed it?

...again, you still have not understood anything. if you are wondering why the connection, Inflation is driven by Govt. I cant help you more than that.

Mccollins042:
Blazetrailer, people like you just like talking and jumping on everything on social media because of joblessness.
People that talk too much hardly make sense look at the screenshot of how this started

the moment i see you lots thinking I am supporting any regime, i just know it that you are all same. Dimwits!! lol!
My post has never supported anyone, in fact, never liked any of the candidates and had no interest. But to assume my tribe, affilitaion and political leaning based on my comments is not only stupid, it is imbecillic.

VeeVeeMyLuv:
He is completely out of his damned mind

Including the regime he is supporting.

lol...

Babangidapikin:
Oga face front with your toxic mouth...

This is the most stupid response I have ever received on currency and international economics.

To start with, this fellow assumed that the Naira(a currency that is not traded internationally) was allowed to float and to find its natural course. At the that point, I understood he is just like other gullible Nigerians that have been fooled to think that what happened in June 2023 was the government allowing the naira to float to find its value rather than devaluation. Even when all other international financial bodies like World Bank/IMF/AfDB,) and world's rating agencies(Moodys/Standards and Poor, etc.), and Financial magazines with experts all around the world (Financial times; Bloomberg; Economist, etc) have clearly called it out as devaluation. The government is still behind, determining supply. The Nigerian government devalued the currency for obvious reasons, to attract investors, increase its revenue to fund the budget and other pecuniary reasons as it may be known to them.

https://www.ft.com/content/1729aa7c-3f92-4ff7-9310-c79b5e5cdb84
https://www.reuters.com/world/africa/nigerias-latest-devaluation-may-be-turning-point-currency-reform-drive-2024-02-05/
https://www.bloomberg.com/news/articles/2023-06-12/devaluation-in-nigeria-s-naira-in-focus-after-emefiele-ousted?embedded-checkout=true

Again, the dunce has posited that it is only because Nigeria produces very little that the naira became unattractive. World bank statistics have shown that to be completely incorrect. There are countries with very little production (e.g Jordan, with 86% of GDP imported, and GDP of $46.3bn-2021, currency is 4th strongest in the world at $1.00= D0.71 Jordanian dinar), Brunei, Bulgaria, etc,(to limit it to countries within the same bracket as Nigeria) with far lower GDP in terms of productivity and also highly import dependent but with stronger economies and currencies.

Again, stating that that Nigeria's currency is taking a hit because we are import dependent is not only dim-witted, also shows people with lack of depth in reasoning. No wonder the government keeps trying the same thing and expecting different results when the citizenry is as dumb as this. For context, there are countries that are far more import dependent compared to their exports and GDP than Nigeria and they are doing much better now compared to Nigeria. For instance, (1)Singapore. their Imports as % of GDP, 2022 150.3% (World Bank Statistics) regarded as the 3rd highest in the world.(2) Ireland Imports as % of GDP, 2022: 144.32%(World bank), regarded as the 7th highest in the world(again, selecting countries within Nigeria's range). Yet these counties have not had it as terrible as Nigeria has and going to have soon.

Nigeria's problems are corruption and dearth of ideas. One wonders when an illiterate could keep the economy as the 1st in Africa, and projected to grow exponentially by forecasts for many years but the so called "literates" came and plundered it to the 4th and contracting less than a year.

There is a reason London remains a strong financial centre for investments over and over again despite dwindling economy and declining production of the British economy. Go figure it out. Ode!

I thought he had a different perspective to what is already in the public domain, I did not know he will keep repeating the lazy beer parlour rubbish that have been mooted over and over again.

Morphinne:
My friend, you are actually the illiterate here. What you are seeing today is actually the actual value of the Naira and what it should be since the time of Jonathan. This is not me crediting him but devaluing the naira isn’t the root cause of the problem but the troubling discrepancy in the importation to exportation ratio is.
Nigeria has always had a higher demand for the US dollars and foreigners aren’t seeking to buy our naira because they just don’t need it because we aren’t PRODUCING AND SELLING tangible things to them. Your currency becomes valueless if nobody wants it. Nigeria’s economy is import-dependent. We buy virtually everything we need from abroad using the scarce US dollars. It’s that simple and it’s no rocket science.
I would have thought you were economically exposed if you had said Tinubu isn’t encouraging aggressive exportation practice just like his failed predecessors but praising Buhari (another failed illiterate) is the height of it all. Buhari as how?
In fact, all of them are failures including Peter Obi and Mikano, the two notorious importers.

Between NNPCL and Workd Bank/IMF, which will you believe more?

Certainly not an entity that has failed to account foe all the subsidy records in the past years.

Certainly not the entity that does not even know how much it pays for subsidy.

Certainly not the one that does not know how much litre of pretoleum it imports.

Certainly not the one that can not specify the petroleum requirements to of Nigeria?

..and Certainly not the one on the side of the goverment

ijustdey:
https://leadership.ng/petrol-subsidy-return-nnpcl-imf-disagree-over-n8-43trn-loss/

How do you people think? . Other NSAs since then did not see it to implement, abi? ..only the daft one could do it. They are now trying to push the blame of this thoughtlessness on Jonathan..imagine?

Eniitankorede:
No!!! Ribadu did not make that law. It was made by NA and signed by Jonathan. Stop misleading people.

....how do you commend thoughlessness and stupidity?

Babangidapikin:
And your big brain can ...if someone reverse himself after listening to the people's lamentations shouldn't we commend him ...you remind me of the donkey, the man and his child.

Correction. Nigeria has a dunce for a President. All events have shown Buhari to be a better manager of the economy than this fraud.

I never imagined that I will accept that an illiterate like Buhari will understand the negative implications of devaluing the naira against the IMF/World Bank advice better than the "first class accountant with CPA and master strategist".

I never believed I would accept that in a lifetime

Morphinne:
At least Nigeria now has a listening President unlike bubu.
If it’s Buhari that made the policy, no amount of gnashing and screaming would make him rescind the decision and that’s what makes him a terrible leader. Good leaders listen.

I marvel at people calling him all these nonsense. In the first place, his first class has been debunked. Secondly he claimed he had a CPA. Its also debunked. I know what it takes to be a CPA, this guy dies not think like one. Thirdly, what is strategic in a man that devalued the currency of his country without understanding its implications all in the bid to claim bold reforms? He has set his country back 20 year by that already.

Factfinder1:
Idiot tax master with zero economic sense... Na this old fool una been dey call first class accountant and master strategist.....Una stupid for this country sha.

..lol...can you read? What argument have you won? The myopic tribe/ethnicity fueled,bigotry ladden and imbecillic mentality in you are leaning or thinking towards me supporting Tinubu, in your head, whereas I was completely criticising him. This is because you can't read ans your head is bigotry filled and dirty with emptiness other than online chest thumping about tribes. A level you can't reason beyond.

It is not with your ilks that I argue with. I lecture people on social economics for passion and engage with intellectuals, where people like you are given toys, asked to sit out and play in the sand....not your type.

Amah70:
Ha ha ha. Typical of the most shofistichiWretched tribe - dunce, scram, infantile - abuse opponent through multiple insulting epithets in a line when he sees he is losing an argument.

Lol....I knew it was beyond you. Waste of resources.

Basic Economics (secondary school) says that the determinant of inflation in any economy, is the biggest spender, which is the govt. Inflation is rooted in govt spending. U cant discuss inflation without it.

Dunce!! when na confra you go school go join instead of staying in classes

Mccollins042:
All you wrote is inconsequential because you got it all wrong.
If the government is spending unnecessarily it will lead to inflation but in this case what we are talking about is the spending power of the citizens and not the FG. Try and understand b4 writing unnecessary epistles

For someone who was dumb enough to devalue the currency without understanding its implications, this was him playing to the gallery.

Nonsense!
You create a counter topic to state that Tinubu never said such and attach your proof.

Nyamiriflathed:
Then that's a different topic entirely if true. Please add a topic to Tinubu saying he would double the VAT as well.

But as per the 2019 speech, that's a big fat lie by farook.

..But Tinubu is proposing to doubke the VAT rate from 2025.

Who would you believe more? Someone who stated that others should not increase VAT so as not to impoverish the people the more or the one that is actually proposing it??

[quote author=Nyamiriflathed post=129907276]Fake news.
He said that to tell Osibanjo and Buhari to lower the tax. How can a professor fall for chopped propaganda video.

Full video here:

You and Rufai Oseni are unfortunate compound and illiterate idiots.

Your parents should ask for a full refund from your secondary school teachers and arrest them with EFCC. https://t.co/brgwNLr26Y pic.twitter.com/HsrWpUxWBg

— Souljah (@jeffphilips1) May 8, 2024

]

No point made. Go and read my response to your fellow dunce up there. Now, scram and go back to you hiding, you infantile conjecture.

Amah70:
Thousands of traders in Ariaria Market Aba studied Economics more than you. Go and ask questions.

I was going to ignore you at first, seeing that your initial posts shows your lack of depth, but then, I also saw it as an opportunity to throw a few things into the open here. Now let me make you understand that brazen spending in an inflationary economy heading towards recession, as Nigeria's current one, is a recipe for disaster. Imagine what the Nigerian governemt is currently doing, creating an expansionary budget hinged on borrowings to fund senseless spending (they have been sending N50k palliative money to households recently), likely to increase wages, fuel subsides, etc in the guise of spending its way out of a receding economy...it will end in monumental failure. Its not done anywhere. This is why the CBN GOVERNOR spoke out recently against the government as those spending are worsening inflation while making all the efforts of CBN to fight inflation ineffective and not being yielding any results. In fact, new projections are that inflation will be near 40% by end of 2024.

Spending your way out of inflation is used as a means of fighting inflation when you have productive sectors in the economy that can galvanise your economy back. It is called structural spending and only a good option if you have productive sectors that manufacture, or other value creating sectors(not extractive ones) which will sustain employment, generate productivity and keep the economic cycle going while other sectors recuperate and start their cyclical recovery. What you do is to give the manufacturers free loans or grants at zero rates to help them stabilise....and will be collected back. This was used in 2008 by US to first stabilise their economy and fight the recession that emanated as soon as Obama came in. Nigeria does not have same structure so doing it widely is not only dumb, it will create more inflation. Buharis govt tried to do this with agricultural sector/ Anchor borrowing but it was mismanaged completely.

What is best for an unproductive economy with spiralling inflation is called "Quantitative Easing" where the Govt, through the CBN, mops up excess liquidity in the economy using monetary instruments while the Govt. curbs indiscipline spending.
Again, What Nigeria needs now is Quantutative easing ans not spending its way out of recession. It will worsen the inflation, in fact, Nigeria will become a new Zimbabwe if that continues.

Tinubus Govt is getting everything wrong. He set Nigeria backwards 20 years by devaluing the currency without thinking probably in his drunken stupor.

Mccollins042:
Bring your own economics that proves that a slowed down market / low purchasing capacity improves the economy
Balablu economy

If this is true, guy take that advice and scram out of that shit hole. You will forever send prayers to that your Boss. Nigeria can't recover from Tinubus blunder in 20 years.

vibratingpenis:
My boss told me yesterday we were having heart to heart talk, he actually advised me that if I can emigrate to UK I should do so, that he can help me, he is an Indian expatriate, he told me that Belgium has the highest tax of 45 percent or so, other European countries are within
40, 41,42, or 43% but they have access to so many free services including Education, Health services, etc that in Nigeria it is 20% for expatriates and only get free heat from sun and oxygen.
This is Nigeria.

At this stage, Nigerians would welcome Burahi and Osinbanjo back with wild jubilation and carnival like street parade

Fujiyama:
^^^
He was VP for 8 years.

He remained silent while a lot of terrible things happened under his watch with Buhari. That tells you everything you need to know!

Remember how some people said Buhari was Nigeria's only hope? Well...look how he ended. Remember how some other people said all kinds of things about a 'first class' accountant from 'Chicago University'? Well...look at how poorly he has performed so far.

You don't reward non-performance. After suffering for 8 years under Buhari - it doesn't make much sense to promote his VP (who was with Buhari from top to bottom) as a replacement. Osinbajo did not stand up when and where it counted. And he has paid the (political) price.

...God have mercy!! Ariaria economics

Mccollins042:
I don't need to Google anything, spending improves economy. If you have a product but the populace are unable to buy it because of their low spending capacity, how does that improve the economy?