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Politics › Re: Why We Removed Buhari’s Govt In 1985 — IBB by casualobserver:
IBB with his pack of lies. Say what you want about Buhari and he has many flaws but he is the only head of state serving or former with enough moral fibre to stay away from the sham of a repackaging that was IBBs book launch!

a lotof the problems we face today can be traced to IBB ...particularly the democratization of corruption. It was under IBB security guards started asking for bribes, lab attendants and university admin staff started taking money to reveal exam questions before the exam date, “anything for the boys”, “your boys are loyal” became part of our daily greeting. IBB corrupted the moral fibre of this country. he made corruption a way of life for everyone.
Crime › Re: NAFDAC DG Inspects Drugs Seized At Idumota Market by casualobserver: 8:13am On Feb 23, 2025
There is a group of people whose shops we should start boycotting for the sake of your health because the supply chain of their products cannot be trusted. From pharmaceutical drugs to common household supplies like coke to fufu made with soap to adulterated palm oil to fake alchohol to……

Stay away from their shops if you value your health!

…..Just saying!
Politics › Re: IBB's Book Filled With Lies, Allegations Against Dead Persons- Chidi Odinkalu by casualobserver: 7:59am On Feb 23, 2025
Nchenches:
Chidi Odinkalu in his usual "I wanna belong" mentality.
Odinkalu should have specified where the lies are in Babangida's book; not the blanket "full of lies."
Political correctness.
There are many lies and deceits.

I haven’t read the book but many lies and deceits have been highlighted by those who have.

Lie:
1). He says Awolowo was annoyed at him for banning old politicians in sept 1987. However Awolowo had died in May 1987 months before the decree was enacted.

If you scroll through Twitter the lies in the book are being exposed every hour.

https://x.com/akogunfirst/status/1893460238851887604?s=46&t=zIh8l0Y5x1WkbEiRY9Q56Q

I am no fan of Odinkalu but everybody who was around when Babangida was head of state knows the man is incapable of honestly. He is not called Maradona, the dribbler, evil genius for nothing!

Politics › Re: El-Rufai Meets Kaduna PDP Excos (Photos) by casualobserver: 9:02pm On Feb 22, 2025
may we never be found trying to eat from our own vomit.

Politics › Re: Ibb’s Attempt To Rewrite History Must Be Rejected – Odumakin by casualobserver: 12:23pm On Feb 22, 2025
flokii:
I'm sure most sane Nigerians are against the attempt by IBB to rewrite history.. the only truth in his book is the part he admitted M.K.O Abiola, GCFR of blessed memory won the 1993 presidential election, others are just manipulations.
Buhari (having access to the results) already admitted it and posthumously granted him a GCFR a honour only bestowed on presidents/heads of states! IBB didn’t exactly have a choice.
Politics › Re: Ethnic Bigots Are Upset That IBB Debunked The Igbo Coup Narrative - Rufai Oseni by casualobserver: 12:19pm On Feb 22, 2025
givedemwotowoto:
I'm focused. The thread is about ethnic bigots going bunkers since IBB's book launched. I created it. Hahahaha

If IBB is not credible enough for you, there's also books by the planners themselves including Ademoyega. He published his book decades later after all the brouhaha. They were all essentially saying "Shut up and go sit your asses down, you guys don't know jack. We knew each other and planned it among us right from the beginning".
Oga, please try and act like an educated man. The issue of the coup has been discussed to death. What is new is IBB’s statement. It is a self serving image laundering statement that neither clarifies or debunks narratives of the coup. All it does is to launder his image. If he had no concrete info why mention it except to launder his image but gullible people fall for it.

We are no closer to the story of the 1966 coup that we were before IBB released his book.

Like I said I am not here to discuss the coup. I am here to discuss IBB’s “testimony”. It neither confirms or debunks any preheld notions. If anyone has read Ademoyehas book or the account of any other coup plotter, IBB’s testimony will not add to the subject or change the persons mind because he admits he is just speculating and was very removed from the actors.

Are you so emotionallly invested in an outcome that this simple logic eludes you?
Politics › Re: Ethnic Bigots Are Upset That IBB Debunked The Igbo Coup Narrative - Rufai Oseni by casualobserver: 11:57am On Feb 22, 2025
givedemwotowoto:
We also read the from the horses' mouths, those who knew each other and planned the coup including Ademoyega. Does the truth hurt this bad?
Stop being emotional and try to argue like an educated man. I specifically stated in my post that Iam not saying it was or wasn’t an Ibo coup. The issue is whether IBBs book provides any further clarity and it doesn’t! Like I said you are clearly allergic to reading. What I said is that INB’s statement does not debunk or provide clarity on the subject matter. This thread is about IBB not what others may have said.

Learn to stay focused. IBB is not a credible witness because if you understand English and not being the emotional one you would have realized he himself has said that his testimony is speculative and not credible.

Again this thread is about IBB not others!
Politics › Re: Ethnic Bigots Are Upset That IBB Debunked The Igbo Coup Narrative - Rufai Oseni by casualobserver:
givedemwotowoto:
Should we also disregard what the people who knew each other and planned the coup themselves said?
The problem with people like you is that you are allergic to fact checking or reading.

IBB specifically states in his book that he does not know for sure as he had no knowledge of what they were plotting and their motives. He specifically stated he is speculating.

“I may be wrong here since this view is speculative. I admit here that my views may be the views of a naive officer who viewed things from a distance”…IBB.

This is typical IBB dribbling. If you were old enough to know ho we IBB operated when he was head of state you will know this is typical IBB…..neither here nor there. Dribbling as always. That is how and why he acquired the nickname Maradona! He wasn’t called the “evil genius” for nothing!

Politics › Re: Ethnic Bigots Are Upset That IBB Debunked The Igbo Coup Narrative - Rufai Oseni by casualobserver:
givedemwotowoto:
Ethnic Bigots Are Upset That IBB Debunked The Igbo Coup Narrative - Rufai Oseni



Source: https://x.com/ruffydfire/status/1893162061640688033
IBB did not debunk anything. He clearly states that it is his opinion based on gut feeling and there is no logical basis behind his conclusions.

I guess you people forgot that part of his statement. IBB has always been a dribbler. I am not saying it was or wasn’t a Ibo coup but to say IBB debunked it is misleading and manipulative. He clearly stated so and stated he has no logical basis for coming to such a conclusion so how is that debunking?

In the same way itis also typical of IBB to now acknowledge Abiola win the election after 1) Buhari has already done so and also to put the blame on others (Abacha and Nwosu) who are now dead! Why now?

Disregard anything IBB says, in a sane country he would be serving a life sentence!
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver:
Sheuns:
I did not compare Buhari with Jonathan but with obasanjo. Explain why Buhari failed woefully despite having received a much better economy compared to Obj
Below are the prices for crude just before Buhari came into power and during his tenure. As you can see Jonathan enjoyed above $100 crude for more than 3 years. Buhari only saw it for 6 months during Ukraine invasion and we did not benefit because our production had halved (his fault) and our production costs had risen. For the majority of Buhari’s tenure crude oil hovered between $40 and $50 occasionally reaching $60. It was only from 2021 that oil sustained a rise above $60, hovering between $60-70.

No president presiding over a Nigerian economy where oil prices are half of what your predecessor enjoyed can ever preside over a robust economy.

In fact as I am looking at these figures where I am seeing $16, $26, $30, $40 a barrel (for some reason pics not uploading) for a man who is not a good manager of the economy he tried! That he was able to build 2nd Niger bridge, the elusive lagos Ibadan express, Apapa express way, construct rail, renovate airports etc , pay for all the 3 refineries….I don’t care what anyone says the man tried.
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver: 1:00am On Feb 09, 2025
Sheuns:
I did not compare Buhari with Jonathan but with obasanjo. Explain why Buhari failed woefully despite having received a much better economy compared to Obj
I have already said this many times, But let me indulge you but this will be my last post in this e
Obasanjo inherited an economy where oil price was $15 a barrel on the day of his inauguration, it steadily rose to end the year 1999 at $25 a barrel. So in his first 6 months in office he was fortunate through no action of his own to see more than a 60% rise in oil revenues.
2: by the time he left office in 2007 oil continued that steady rise throughout hiis administration Such that by the time he left office, oil was $67 a barrel more than 300% increase.

No president since 1999 has been so lucky to preside over a 300% increase in oil revenues consistent throughout his tenure. Therefore there was corresponding growth as a result.

Buhari on the other hand inherited an economy with crude oil at $64 (pic 3) on May 2015 and it went steadily downwards from there. Don’t forget prior to his assumption of office Oil had been $100+ and has been falling. Our economic fortunes were already plummeting under Jonathan. The resulting downturn was what led to Buhari’s victory in the 1st place. To compound matters for Buhari, our production fell from
2.3m to 1m by the time he left office in 2023. As at the time Buhari left office, the price of crude was $75. Not only was the price lower than his predecessor GEJ but the amount available to sell was half.

Any economy is always a comparison with the past. OBJ presided over an economy for 8 years where the price was double triple or quadruple of what Babangida or Abacha ever saw for 15 years. So without doing anything or any sound economic policies, providence blessed him with a buoyant economy and he didn’t do anything with the money except pay off some of our loans. Banagida built a new city Abuja, 3rd mainland bridge, shiroro dam with a lower price of crude. They were in power for the same number of years.

Since we judge economic growth based on where the economy was before, The benchmark for Buhari was an economy where oil was $100 under Jonathan so his timing was cursed and he was always going to struggle. His economy was never going to be good. That said as a poor economic manager, he didn’t help himself either in many ways.

You may find some telling you oil price went to $100 under Buhari. They are just being mischievous. While it is true, it was very brief and like I said we were producing half the oil as under Jonathan or Obasanjo.

Since you are only interested in comparing Buhari to OBJ. The summary is under OBJ, our oil Income was an average of 300% of what he met, while under Buhari, the oil revenue he had throughout his tenure was less than his predecessor. As price of oil goes so goes the Nigerian economy because we import everything!

Politics › Re: ‘A Man Of Integrity’, How Najatu Campaigned For Ribadu In 2011 by casualobserver: 11:11pm On Feb 08, 2025
The problem with people like Najaatu, Amaechi, ElRufai, Obi, etc is this.

You are either a bad judge of character and should not be taken seriously or you are yourself a person of bad character and lacking integrity whose views change based on your fortunes or what you stand to benefit.

Look for the video where she disparaged ElRufai. Now ElRufai is rushing to her defense against Ribadu his wrstswhile bosom friend. Obi is looking for alliance with the same structure of criminality. Amaechi is rubbishing the party and the Buhari he served and sought endorsement as presidential flag bearer. ElRufai we know how he rolls.

Beware of people who move with the direction of the wind. Neither they nor assessment of others can be trusted. An enemy who is consistent has more integrity!

If someone gives a prospective employee a glowing character reference causing you to employ him. Only to turn round and say no that person you hired has no integrity, how would you feel? If that person comes tomorrow to give another prospective employee a reference would you listen to them?

Personally, I don’t vouch for Nigerians. If you ask me for a mechanic or a tailor, plumber etc, I will tell tell you I don’t I know any. If you are close to me and I have someone I will let you know I have someone but he is unreliable, Don’t come to me if he messes up. In the rare case I recommend or vouch for someone, it is because I know them as I know myself and have a long history.
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver: 10:27pm On Feb 08, 2025
Sheuns:
Explain why the price of garri went up from 400 Naira a paint to over 3000 Naira
I am sure as someone who studied o level economics you can explain that yourself. If not I have already given examples in this thread that will answer your question and will not repeat myself for every new person that decides to quote me.
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver:
Sheuns:
During Buhari’s 8 years, crude traded for as high as $100 a barrel and the lowest it sold for was about $50 a barrel, much lower than $15 during Obj’s time, yet he was able to move the GDP almost 4 times higher than he met it. Buhari took it lower by almost half he met it.

What did Buhari and APC do with all the money they made from crude sales and natural gas sales in 8 years? Do not tell me rails, roads or hospitals, majority of those were built using loans from China.
Trading at a maximum of $100 for a few weeks is not the same as trading at a minimum of $100 for close to 2 years. Secondly production during Jonathan’s time was 2.3m bpd. Production during Buhari was closer to 1m bpd. Furthermore production costs during Jonathan were lower than under Buhari. Under Buhari production costs went as high as $40 a barrel due to theft, pipeline vandalism etc. There were times a when price of crude barely covered the costs of production.

Buhari did not manage the economy well, I have never argued that he did but neither did his predecessors. All I said is Buhari left more tangible legacies…
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver: 10:17pm On Feb 08, 2025
OredoPikin2:
U didn't see NBS there?
U guys are really funny aswear
Oga what you are posting is wrong. Your source is wrong. You don’t know because as you don’t understand what you are posting. You just saw something and posted without understanding what it means.

The rebasing has not occurred yet. 2019 merely referred to the new base year. When Jonathan rebased in 2014, 2010 was the base year used. The rebasing will occur this month or next.

The 2019 you are latching on to is not the year the rebasing occurred but the new base year for the upcoming rebasing.

So you are wrong when you say it happened under Buhari.
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver: 6:41pm On Feb 08, 2025
Ojuntana:
@the bolded
Let me expose your idiocy a bit
Nigeria's GDP in local currency is N73trn
US GDP in local currency is $37trn
UK GDP in local currency is £2.54trn
Germany GDP in local currency is €4.1trn
Canada GDP in local currency is CAD2.51trn

From the above, going by your totally stupid claim, Nigeria’s economy easily swallows that of US, UK, Germany and Canada combined in their local currency.

Thus Nigeria is better off economically than those countries.

You see how you end up saying nonsense when you keep rambling now?
Sometimes one comes across something so ludicrous you break your rules. You and I ‘know you have been trying to grab my attention in virtually every thread for the last week and I have ignored and will continue to ignore you.

However when a man posts something so ridiculous I have to respond to say your problem is clearly not just a lack of English comprehension but lack of intellect. How on earth does an educated person can come to the conclusion you arrived at based on what I wrote can only be put down to poor English comprehension and a fundamental low IQ. Why not add Zimbabwe while you are at it?

I really pity this generation of poorly educated Nigerians. We are in trouble!


I am done here you can tell that eeediot co traveler of yours that I genuinely didn’t bother to read his post and i will not read or respond to any of your posts here or anywhere. When your foundations are wrong, you can’t be corrected as an adult. Honestly our biggest problem is not our GDP but the poor quality education in our youth. I have said it many times and I will keep saying it, it is better we educate our people in our native languages, we don’t understand this English!

Jesus wept!
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver: 5:04pm On Feb 08, 2025
OredoPikin2:
Mumu
As u nor sabi use google abi..
Hide ur head in shame
The rebasing has not occurred yet. I believe it is set to be announced later this month or next month. Don’t always believe everything AI tells you about Nigeria. Sources of info are limited and often they get their information from inaccurate newspapers reports and we know how immaculate our journalists are. AI smart as it is is GIGO, garbage in Garbage out. If it doesn’t have good sources to reference it cannot give good info. Nigeria is notorious for inaccurate info you have to know where to go to look for accurate data.

The last rebasing happened under Jonathan. That was when we moved from I think $150 to $500b
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver:
Blazetrailer:
Lol....go back to school bro or better still ask your little cousin in JS1 doing elementary economics to enlighten you before you come online to disgrace your family.

You dont have the faintest idea of how GDPs are calculated.
Your fundamental problem is you lack English comprehension. There is where your problems in life starts and ends. It’s why you can’t get a good job with your degree, it’s why you fail interviews. I have said it many times here on Nairaland many Nigerians speak English but do not understand English. You coming here thinking you are smart by telling us GDP is production, before nko? That’s not the subject of discussion.
And if you want to get technical GDP is production, sevicies, consumption, govt spending net exports etc etc all calculated and added. So even the actual GDP you really don’t know how it is calculated.

our GDP is calculated in Naira. It is not calculated in dollars. We are the ones who calculate our GDP and who tell the world what our GDP is and we do it in Naira! No country tells another country what it’s GDP is. For the sake of Camparing countries, a base currency is used, in this case the dollar but it is acknowledged that it is not a very accurate way of comparing countries that is why you have other measures such as Real GDP adjusted for inflation, nominal GDP, GDP-PPP etc because what 1 dollar may buy in one country may vastly differ from what 1 dollar can buy in another. What you pay a graduate in one country is certainly not what we pay poorly educated graduates like you in Nigeria. These figures are just a guide. The world bank came out only 2 days ago to say in dollar terms our economy is still the largest in Africa and close to $600b. They are the experts!

I am simply telling you and your poorly educated crew that to convert our GDP to dollars you use the prevailing dollar exchange rate and so the nominal value of our GDP in dollars is dependent on the exchange rate to the dollar. Nigeria has only had 2 years of negative GDP since 1999! It is only when you convert the Figure to dollars that there is a fall, that is why I tell you village eediots that the exchange rate is why when you look at our economy in dollars, it appears worse than it is.

£10,000 a year will get you a luxury 4 bed house in the best area in Nigeria, it won’t get you a studio apartment in the worst part of London, . In case you don’t know, a studio apartment is an apartment where your bedroom is your living room. You will live like a King in Nigeria on £30,000 a year but ask those who have japad, they are living hand to mouth, paycheck to paycheckin debt on credit cards on a salary of £30k a year. That is why while dollar based GDP figures tell a story, they don’t tell the whole story. It is just a guide and a way to compare countries since there is no better way. There are not an accurate guide.

The true reflection of a country’s economy is the GDP figures in its local currency! You will never see the French, British or Germans talk about their GDP in dollars, no serious country does. The purpose of GDP in dollars is for outsiders looking in and for a comparison since there isn’t a better way to compare.


I know you are trying frantically to grab my attention, don’t expect any further responses. I post for the sake of others who read but are quiet. I avoid village eediots!

Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver: 2:01pm On Feb 08, 2025
Image123:
Ignoramuses are here hysterical about a country's gross domestic product (GDP) by its population. Maybe you can have some more joy if you considered the figures in naira and the population difference. You left people breeding like rats with no development to show for it and suddenly expect magic after FX subsidies were removed?

Dubai metro was built around 2011 and cost less than $8billion dollars. It has been generating more than half a billion USD yearly and will continue to. OBJ was busy saving money using the Obi model in those years. Rubbish. $16 billion swallowed up in electricity scam gate.

Dubai mall was built in 2008 and cost $20billion. It has been generating over a billion dollars in revenue every year. It attracts 750,000 visitors every week. Your lord OBJ did not have such vision with excess crude. He never thought the millions of Nigerians would need infrastructure. When countries were building, he and his son GEj literally slept and stole bulilding things for themselves and amassing wealth. And you have mouth to talk nonsense?
Leave those eeediots. They cannot see beyond party tribe and religion. I support Tinubu with full chest because imho he is doing the right thing. The same me I have criticized him for not showing example by cutting down excesses of govt…..at least the public perception. I like Buhari but I am rational enough to acknowledge his limitations and his failures especially on managing the economy. Something is fundamentally wrong with a man when we are talking about a simple matter of economics and you start talking about party, you people etc,to the point when you start to deny that 1+1=2 and then they try to gaslight by accusing you of doing exactly what they are doing, it shows where their minds truly are. One of them has been frantically mentioning my name in every post for weeks in the hope of grabbing my attention. I told him I don’t engage eediots! I might engage you once but once I identify you as a village eediot I will never knowingly respond to you again.

This topic was never about party but simple economics but they must turn everything into APC/PDP/LP! If you tell them 1+1. =2 they will say no and find a way to bring APC into it……. You say good morning they respond what is so good about the morning and proceed to abuse APC….wetin concern APC with good morning?….Brain dead eediots!
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver: 11:53am On Feb 08, 2025
tctrills:
No wahala. We all know why you prefer to turn this into a contest of insult.
All your points were dead on arrival so you have to turn it into a match of insults.
But then you must have noticed that no one is buying you weak and pathetic argument.
Your government is a failure and you choose to lick the ass of failures. What does that make you.
Goodbye
A r3tard is someone you explain a simple concept to 5 times and he still doesn’t understand. To attempt to explain to him the 6th time would be akin to a sane man arguing with a mad man on the streets.

Like I said send your children to good schools so they are not handicapped for life. These deficiencies are difficult to correct later in life.
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver: 11:32am On Feb 08, 2025
tctrills:
You choose to act like a 15-year-old girl arguing with a friend. Stop getting distracted and emotional. Show some maturity.

According to you:
1. GDP is a reflection of a nation's Forex.
2. GDP is calculated by the exchange rate.

This is APC economics. China has been caught severally devaluating their currency yet their GDP keeps improving. Forex only accounts for a very small size of our GDP.
Other oil-exporting nations suffered the same oil price change but only Nigeria and Venezuela had a great fall in GDP.
Lastly, how come the billions of dollars borrowed by APC leaders did not impact your GDP?
Your poor education led you to these conclusions. Those who read and have good English comprehension, are properly educated and are not hindered by political tribal or religious bias understood clearly what I said.

Now go and read again! If you still don’t get it then it is not a just question of poor education but are likely brain damaged
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver: 11:13am On Feb 08, 2025
amazingspiderma:
And explain the price of a bag of rice.
We import everything. So even the man who has never seen as dollar in his life will increase his prices. A farmer uses petrol to farm or to transport his goods. Petrol is affected by the exchange rate and the price of oil.

Secondly, if a farmer cannot farm due to insecurity, prices of farm products go up.

Thirdly even if I have no dollar based input, if prices for the things I consume go up. I will increase my prices.

Anything else?
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver:
tctrills:
You don't see the connection. The GDP fell because you guys elected idiots not because the price of oil fell.
You just said whether the Oil sector is 1% of GDP or 100% is immaterial. Are you joking? This is false but how would you know? GDP has very little to do with Forex. Oga you don't even understand what GDP is all about.
You again wrote, A few months ago the dollar was N2,000, today it is N1,500. Has our GDP suddenly gone up by 33%? Oga are you drunk? You are not making any sense.
Anyway, I understand kids like you. You must defend the madness you voted for even when it is killing you.
Now to educate you,
Except for Nigeria and Venezuela, No other major oil-exporting country had a similar fall in GDP over the same period. This should tell you that your economics is garbage. But then you don't see it because you are hell-bent on defending nonsense.
People! Whatever you do in life make sure you give your children a good education. Don’t settle for just any school. Make sure it is a school where the well heeled send their children. If you don’t see children of the well heeled you are not in a good school o.
! The elite of society know a good school, the poor man doesn’t. They used to send their children to the same schools as the poor, now they don’t. They are not daft o!
You will end up producing village eediots like this chap above!
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver:
tctrills:
What was the price of oil under Obasanjo?
A bad workman always quarrels with his tools.
True oil price fell under Buhari and that was his good excuse for crazy borrowing. What was done with the borrowed money.
Why didn't the borrowed billions impact on the GDP?
Now under Tinubu, oil prices have been mostly above $80 yet the borrowing continues and the poverty continues.
The GDP is falling yet your guy is able to buy a new jet for himself.
Oil prices were down yet under Buhari, every single budget was padded. Make this make sense.
I have explained to you. That when our GDP is translated into dollars, it is dependent on your exchange rate. Exchange rate is dependent on oil income and since oil is our major source of forex. Our GDP will always be impacted by our income from Oil.

Are you that daft that a simple concept eludes you or are you so far gone in your political or tribal views you have lost any capacity to grasp simple concepts?

Look my friend you will never hear me say Buhari was a good manager of the economy because that would be a lie but he did more for infrastructure with the little he had than any president before him since 1999 despite having less than they did. That is not to absolve him if his incompetence in managing the economy, it is just a statement of fact. For instance if exchange rate is so important and oil is so important to your exchange rate, how do you a man who was a former petroleum minister allow oil production to fall to as a low as 1mbpd? Nobody is a saint here.

The argument here is an academic one. Your economy can grow in your local currency but your dollar based GDP can fall because your exchange rate fell. The oil sector is less than 10% of our economy but it has the most impact because it determines our exchange rate. In Nigeria exchange rate determines everything else from GDP in dollars to the price of tomatoes. Did Buhari perform poorly in the oil sector yes! Primarily because of his failure to sign the PIA in time and because he oversaw the fall in output from 2m barrels to 1m. But that’s not the point. The international price of crude which determines our exchange rate and hence our Dollar GDP calculation is not in the hands of ANY president! The questions that an educated person should ask is when providence favored you with high oil prices what did you do with it? When they were low how did you manage the slump?

Some of you people just talk like uneducated eediots! One cannot have a fact based discussion without turning everything to politics or tribe or religion.

Jesus wept!
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver: 9:12am On Feb 08, 2025
Didijiji:
oga shut up

Oil price rose during Buhari’s era at a point. What did APC do with it? Always making excuses for massive failures
You are daft! Oil price during Buhari’s regime was always lower than what he met. Growth is a relative concept! Oil during Buhari’s period was always lower than Jonathan so for a country dependent on oil for forex and for an economy that is dollar based GDP was always going to be lower. I am not saying Buhari manages the economy well, but compared to OBJ and GEJ he did more with the little he had than OBJ-GEJ did with the much they had. You can point to roads, rail etc that Buhari did.

The point is NIgerias GDP is largely dependent on the inflow of forex from OIL. Forex inflow determined exchange rate, exchange rate determines dollar calculation of our GDP. At no point in Buhari’s regime was the OIl price 80% of the level under GEJ.

Below is the oil price for the period

There is a difference between oil price spiking to $100 for a week and Oil being steadily at above $100 for years

Politics › Re: 2027: LP Endorses Obi Presidential Bid, Otti, Rhodes-Vivour For Governor by casualobserver:
duro4chang:
They will fail gallantly
Everybody (at least those with a brain) knows that Obi cannot win a presidential election in Nigeria. They also know LP will not be the party that produces a Nigerian president. We also know the opposition are plotting to coalesce under a new party. We also know that Obi is trying to formalize the Obidient movement as a distinct and seperate structure from LP in order to give him leverage in any negotiations with the proposed alliance.

All that is happening is LP can see the writing on the wall and know that Obi is likely to port to become VP in a new coalition party and are trying to reach out to him and prevent his leaving by assuring him of their ticket…..as if they have any option.

Despite the fact that Obi can’t win, LP know their purple patch is over if he leaves the party.

Otti we already know is heading back to APC, though he might do that after he wins his second term.
Politics › Re: Nigeria’s GDP Per Capita By Successive Governments 1999 - 2027 by casualobserver: 8:34am On Feb 08, 2025
givedemwotowoto:
Every government from OBJ to GEJ grew Nigeria’s GDP per capita. Tinubu’s government is projected to cut our GDP per capita in half, that’s how value we’re going to lose as a people because of what happened in 2023
They did not grow anything. They were simply lucky that Oil price (which they had no control over) went from $15 under Obasanjo to $110 under GEJ. And what did they do with it? Which roads schools hospitals, rail, airports, etc did they build?

Let me tell you where the oil money went. This was the era when Nigerians started buying private jets, properties in dubai, ghana, Texas, London, Maryland, Miami etc etc. Uk customs started targeting Nigerians bringing cash in ghana must go bags.
Politics › Re: El-rufai’s Close Confidant, Jimi Lawal Regains Freedom After Two Weeks In Prison by casualobserver: 8:18am On Feb 08, 2025
Gotocourt:
Gov Uba Sani has usurped El rufai , the heat is too much for him to bear shocked
His presidential ambition is now bleak, very arrogant fellow. He can't deny Uba Sani APC ticket, he will be forced to decamp officially. Tinubu actually dealt him a blow, he was humiliated and lost out in the power play. The way Tinubu dribbled and dropped him like a hot coal during the ministerial screening really pain Mallam
Read this

https://x.com/shaibu_ao/status/1887567535840567648?s=46&t=zIh8l0Y5x1WkbEiRY9Q56Q

CC: aminda
Politics › Re: ₦‎54.2 Trillion Budget: Peter Obi Questions FG On Transparency by casualobserver: 6:56pm On Feb 07, 2025
Teenaira:
He is not getting information from questionable sources, he usually gets his information from a mad man.
He is just a daft and incompetent man. An intellectual dimwit!
Politics › Re: ₦‎54.2 Trillion Budget: Peter Obi Questions FG On Transparency by casualobserver: 2:20pm On Feb 07, 2025
kayperry:
ofcus it as to be furstration esp. when we all can fold our arms nd watch the dead brain president ruin the nation for us,

Mumu break down or no break down to what ends is the ceremonial budget, why not simply use the Tinubu 2024 budget to juxtapose why 2025 budget will foster growth.

Claim or no claim how does that benefit anyone, i dont waste my time on stupid talks, Tell us how Tinubu 2025 budget resonate hope since you know the break down
Like I said I am not here to discuss your life frustrations or how your father slept with his sister and gave birth to you rendering you brain damaged and retarded for life.

Feel free to create a thread to discuss your personal problems.

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