₦airaland Forum

On the strength of these random one or two kilometres road completion(0.2%), yekini and apc are planning another mandate abracadaba.

Propaganda.
Cost of awarding contracts.

Clowns in black. Very useless police force.

On another news, police opisa don lean finis because e take loan take hire wizard for cobinant. Na garri and fertilizer im dey chop now. Beans come be like chicken. Lol. Ibeyegbe the clown.

These billions where being spent silently on them before it got converted into a loan scheme.

Print n share economy.

It is for their children and to kill two birds (high hotel costs and asset ownership) with one slingshot.

SmartyPants:
Rebasing is a relatively normal thing to do after some period of years. Note that GEJ also rebased the GDP which was what led to Nigeria finally overtaking South Africa as Africa's largest economy for some time. So you can criticize Tinubu on his own merit but it becomes hypocritical to criticize Tinubu against the standard set by previous presidents who did the very same things you're criticizing Tinubu for.

On the merits, one of the things Tinubu has standing to his credit in terms of GDP is improvement of foreign indirect investments. There's been a significant inflow that has contributed significantly to GDP. Of course, we want to see actual domestic production being the major contributor to GDP growth, but is 4 years enough for a radical transformation given the realities of the operating context?

The fact is that the first policy introduced by this government was the removal of fuel subsidies which brings initial hardship. But is the question simply one of whether the policy brought or impeded GDP growth or is it one of whether it was the right structural change for the long term health of the said economy?

Again, recall that there was run away inflation at the onset of the tenure. One of the moves put in place to arrest same was the hiking of the interest rates by the CBN, which drew in foreign portfolio investment but undoubtedly would have slowed direct investment simultaneously.

So the question then becomes, did this government fail to stimulate GDP growth or did this government do a tremendous job of arresting the economic damage?

There is real context to these issues.

Reference the rebasing done by GEJ please.
I know the subsidy of forex as at that time played out in GEJ's favour but your claim about rebasing the GDP is not sounding familiar with me.

Idiotic idea. You lack resources to complete coastal road but want to decieve us all into believing Nigerians actually voted you based on some phantom promises of 360km/h rail.

chiiraq802:
Madam, my own jst spoil now, mk ur husband com kollect am from my den, mk him mind dey. 😏

Keep shut lying muslimm.

That happens naturally. Lousy Clout chaser of a woman.

idiotic lies. Where has the growth taken place please?
How can a 4-5% growth in a 200m+ population economy go unnoticed?

These idiots are using rebasing of the GDP calculation to decieve miserable Nigerians.

Thats why we need the US to release those files ASAP.

Yekini is a shameless crook who is only backed by disembodied beings because of the pre-Noah misery he brings to the table.

SmartyPants:
The numbers don't lie indeed but you are yet to understand the story they are telling you. The critical fact is that there is a pattern to the numbers which shows that average GDP growth per presidential term dropped consistently and took a sharp decline under Jonathan and only began to pick up under Tinubu. That tells you something fundamental changed. And what was it?

Obasanjo cleared Nigeria's foreign debt through the historic Paris club refund. By the midpoint of GEJ's tenure, Nigeria was back in debt again. The windfall from the OBJ years, which Ngozi Okonjo Iweala advised the Federal and State governments to save, was squandered and we went right back to borrowing.

I saw one person up there say we were paying subsidy throughout these years but such people do not realize there is no free lunch anywhere. We were paying from money we did not have. That was why Jonathan's move to remove subsidies in 2011 was the right move but he lacked the strength of character to do the right thing even if he would be seen as the bad guy by the masses.

That Jonathan's worst set the stage for Buhari's worst. The difference is simply that Jonathan took over from Obasanjo who had left him abundance. Thus, while he depleted the reserves and plunged us right back into debt, the nominal growth figure stands to his nominal credit, obscuring just how bad a president he was.

Rebasing of GDP helped the Tinubu figures in no small measure. It is hard for any sane human to see where the growth has taken place. Is it in output of commodities or a new industry has sprung up somewhere?
Save for rebasing of GDP that finally included telcom and more tech output that accrued over the last 25 years, Tinubu is used using 200m to play a highway-build-and-toll game.
Tinubu is just playing idiotic games with numbers, nothing more.

Growth no one is feeling save for few capital investors.

Better than building aimless highways and airports.

More money to build airports n highways with loading. Sorry Nigerians.

SeeWahala:
Welcome to the club

That woman is an APC stooge, glad your eyes haff finally clear

I always remind her to block me every 3 weeks because reading it's posts usually makes me wanna run mental

lol

aworatak:
The guy went ahead to block me
Chai I never knew I deflected his or her ego.

lol. An agent of oppression he is

After Musiwa came Nairalanda1. He used to be subaidywise and backbencher.

LadyExcellency:
Toktok, youtube and instagram dey consume data pass anything. Businesses take lower data consumption than pleasure.

True. Even in subsidized inputs, we end up with more recreational use than productive use.

APC strongholds on paper dem dem.

Made in Aba or Abeokuta own

In suppport of a radical northerner Muslim that can ascend the throne and fix it or just regular journalism.

These are just acts of fronting for their N50 pen rigging thats to come soon. How can you show off so much unexplainable wealth when the voters you are swaying are poor for it?

This tribal militia man again

verminnel:
This money fit no even reach 35m🤣🤣🤣🤣🤣🤣

Thats 500 minimum wage equivalent.

madridguy:
They shall continue to fail. France should go and sit down.

How aligned is the current regime to the Sokoto seat of power.

If it is an islamic coup, it then means the Sokoto sultanate has Nigeria and Niger under lockdown.

Remove Law pls. Lots of law grads switching over.

https://www.bbc.com/news/articles/cx2z8lr9l7wo

DiY hazards. Be careful as you parade as a professional

The Ayatollahs have a heart of concrete.

Goody goody i am guessing.