₦airaland Forum

membranus:
Why Waziri Atiku Abubakar Should Cut President Bola Tinubu Some Slack

Yesterday, Waziri Atiku Abubakar, in a critique of President Bola Ahmed Tinubu's leadership, made several statements that perhaps were not an accurate reflection of the situation we now find ourselves in as a country.

Firstly, I supported, campaigned for and believed in the candidacy of Waziri Atiku Abubakar. However, the election was not stolen from him or the Nigerian public by either the Independent National Electoral Commission or the All Progressives Congress.

It would have been hard for us in the Peoples Democratic Party to win the 2023 Presidential election.

And the reasons for my assertion are logical.

If, as a united political party, the PDP could not defeat the APC and President Muhammadu Buhari in 2019 despite our best efforts, how could we have vanquished them in 2023 when we were disunited?

We had 11,262,978 votes in 2019. By 2022, Peter Obi had left us with the 1,693,485 votes we got in the Southeast. Then the G-5 Governors, namely, Nyesom Wike (Rivers state), Seyi Makinde (Oyo state), Samuel Ortom (Benue state), Okezie Ikpeazu (Abia state) and Ifeanyi Ugwuanyi (Enugu State), departed and ended whatever hopes we had of getting at least 25% of the votes cast in their states.

Then we lost the other strongman of Kano politics (Senator Rabiu Musa Kwankwaso) with his two million votes. And the second strongman, then Governor Ganduje, was with Tinubu.

So, while Tinubu was adding, we were subtracting.

If you minus the Southeast votes, Kano votes, and Oyo, Benue and Rivers, you will see that it roughly equals the 6,984,520 votes polled by Waziri Atiku Abubakar in 2023.

We in the PDP were not rigged out, nor was the election stolen from us. Rather, we were defeated by the disunity in our party.

It was for the same reason we lost the 2015 election when the PDP split into PDP and n-PDP, with the n-PDP and its four Governors eventually merging with the APC along with Kwankwaso.

2023 was just a replay of 2015. History did not repeat itself. We rather repeated history.

On the economic front, I supported Waziri Atiku Abubakar because he promised to do three cardinal things to redirect Nigeria's economy in the right direction. These are:

Fuel subsidy removal
Floating the Naira, and
Devolution of power

President Bola Tinubu is now doing all three of these. We in the PDP should be pleased.

Let me address some alternative policies that Waziri Atiku Abubakar proposed.

Waziri Abubakar said he would have taken a gradual approach and would not have been as drastic as President Tinubu had been.

Given the reality of what the Tinubu administration inherited from the Buhari regime, I do not know if that would have been possible.

Have we forgotten so soon that the Buhari administration illegally borrowed ₦50 trillion through ways and means and depleted our foreign reserves, leaving behind more debt than all past governments combined?

The Buhari regime claimed they left a foreign reserve of $37.08 billion, only for JP Morgan, our reserve bankers, to publish a letter stating that they lied and our reserves were actually just $3.7 billion. The fallout of this is that Buhari's Governor of the Central Bank of Nigeria panicked and was arrested as he tried to flee Nigeria.

Faced with these realities, how would any responsible government have carried on spending $1 billion monthly on fuel subsidy and another $1.5 billion monthly defending the Naira and a further $300 million monthly subsidising electricity while servicing a total debt of almost $100 billion racked up by the previous administration with 92% of our revenue as at the end of Buhari's tenure? Please fact-check me.

This is even as the Buhari government had sold future contracts for Nigeria's crude oil, meaning that almost nothing was coming into the treasury for the first six months of the Tinubu administration.

Let us be realistic.

On February 26, 2024, Waziri Atiku Abubakar said President Bola Tinubu should learn from the Argentine President, Javier Milei, and implement his reforms like Milei handled his.

Waziri had said:

"Both leaders inherited a disoriented economy, but both applied different measures for recovery. President Javier Milei of Argentina was sworn into office on 10 December 2023. He inherited a worse condition than Nigeria’s. But what he did to return his country to a place where investors are ‘starting to believe’ should serve as a lesson to Nigeria’s Bola Tinubu.”

Interestingly, on Friday, September 27, 2024, the world's preeminent financial and economic medium, The Financial Times, in a headline 'Argentina’s poverty rate soars above 50% under Javier Milei' revealed that rather than praise, the Argentine leader is receiving knocks, as his reforms are not achieving the desired results.

Poverty in Argentina is at its worst rate ever at 57%, and, according to FT, "136,000 jobs have been wiped out since Milei took office."

Additionally, according to the International Monetary Fund, Argentina is now officially in recession as its economy has contracted by 3.5% in the last quarter and inflation hit a world record of 236.7%.

In contrast, Nigeria under Tinubu has experienced two quarters of unprecedented trade surpluses, and at the end of August 2024 had a record breaking ₦14.6 trillion trade surplus and a GDP growth of almost 3%, as Nigeria now exports more than she imports. Inflation had been tamed and minimum wage has been increased.

Next month, for the first time since Major General Aguiyi-Ironsi abrogated true federalism with his Unification of Assets Decree Number 34 on May 24, 1966, Local Governments will receive their funding directly due to the Tinubu administration's judicial victory at the Supreme Court on Thursday, July 11, 2024, granting autonomy to local governments.

Our foreign reserves hit a record of $40.2 billion because we no longer indulge in the politically popular but economically unreasonable act of defending the Naira with $1.5 billion each month.

Now, imagine if President Tinubu had taken that February 26, 2024 advice from Waziri Atiku Abubakar to copy what Milei did, where would Nigeria be?

That alone shows that President Tinubu's judgment is much better than Waziri Atiku Abubakar is giving him credit for, and it should be Javier Milei who ought to learn from Nigeria's Tinubu, not vice versa!

Reno Omokri

I was reading on until I got to the part where he said "Inflation has been tamed in Nigeria" . Both you that posted this rubbish and Reno Omokri deserves a PhD in lying. You fools would be taught a lesson soon for all these rubbish lies.

Flangelo12:
We need USA to explain the extraordinary rendition of our leader in Ogbaru.

Not all your a leaders pls, Obasanjo performed very well as president, inflation was single digits in his time,he brought in mobile phones and he was detribalised by appointing technocrats all over Nigeria into his cabinets. The likes of elrufai, soludo, Adeshina, frank nweke and okonjo were all Obasanjo's products and not yorubaman.
This one we have there now is a yorubaman from Guinea so he's a lost cause.

jmoore:
https://saharareporters.com/2024/11/11/atiku-blasts-tinubu-im-not-bigot-you-didnt-refund-money-drug-trafficking-wickedness-your

Thank you very much Atiku for the so many punchlines thrown, infact this is the best I've seen an opposition throwing to APC so far not that docile Obi always talking like a woman and behaving like a coward when called out.
APC is really taking Nigerians for granted and thinks they can get away with it, there has to be a Shark in the tank to put them on their toes.

ogododo:
https://www.vanguardngr.com/2024/11/enough-of-wasteful-prayers/amp/

To think that Tinubu and his gangs of charlatans think prayers is the solution to Nigeria's problems is itself an admission of incompetence.
How did we get here as a people that leaders are organising prayers to solve man made problems.

Bobloco:
https://punchng.com/repair-works-responsible-for-thursdays-national-grid-collapse-tcn/

You could never have imagined there would be a government worse than Buharis government as a Nigerian. No single sector is working under this government, it's been from one failure to the other. Economy is grounded, National grid collapsing daily, Security is zero, Naira is now 1700 and it's still going down.
Despite all these, we still have retards and zombies supporting this failure personified.

Thissystem:
https://dailypostngr.com/2024/11/no-regret-supporting-obi-but-wont-do-it-again-doyin-okupe/

Oga rest, what was your electoral value when you supported him?

treesun:
https://dailytrust.com/breaking-national-grid-suffers-fresh-collapse/#google_vignette

If anyone has told me that my fellow yorubaman will be the worst president ever and even worse than Buhari who was the definition of incompetence, I would have said it can never happen.
You cannot point to one thing this useless government has gotten right since it came to power.
Economy has collapsed, health has collapsed, education has collapsed, Naira has collapsed and now national grid has collapsed.
Yet we still have zombies who for whatever reasons are on this forum and will argue what they can see with their korokoro eyes and they will tell you Tinubu is the best thing after sliced bread, such people have traded their brains for indomie and they need to be caged in a zoo full of monkeys.

Tflex01:
Funny enough her video is one of the sweetest . Even with her big bum, she was very flexible and they both had a good time.

Please share the video with me pls. You can inbox it to me abeg.

The geographical location of equatorial Guinea is very close to Calabar, I am not surprised their women are Mumifo Nakamura.

sulaak:
You are writing from a point of ignorance. There is no saving from the removal of oil subsidies. Nigeria was borrowing to fund oil subsidies.

Buhari's failure to implement economic reforms meant that Nigeria borrowed $47 billion, printed N27 trillion, and mortgaged future oil earnings for five years to fund the oil subsidies and protect the Naira. The country was generating debt and that has to stop.

Really!!! Has the government stopped borrowing or piling up debts now that they have removed subsidy.
Keep deceiving yourself zombie.

Lithiumite:
Your points are as pedestrian as can be....the elites are complaining more about subsidy removal,take that to the bank....who drives the expensive fuel guzzling cars,who needs to run his generators every sec there isnt power even while sleeping,who owns the gas stations and oil importation businesses getting subsidised petrol so more people can come buy thereby more profits for him... the poor has long adjusted their lives to current realities but it's the elites who are missing out on their frivolities to the detriment of the economy.

The poor benefits far less from subsidy than the rich....the major reason for the inflation we are experiencing isn't solely caused by subsidy removal but majorly our currency devaluation and our lack of adequate production of food.....maybe it's in your village or family that they are picking tomatoes in the streets,right here i haven't seen any.

Only a dumb shallow minded nitwit can think we can get out of this recession in just 18 months when our economy had already been in a downward spiral for several years......subsidy removal benefits isn't about giving people rice or money,its about re channeling the surplus to critical segments of our economy.

You claim tinubu has borrowed more money but you are too dimwitted as always to realise that Nigeria's debt to GDP has reduced,debt servicing to revenue ratio has reduced, foreign reserves is on the upswing,oil production has marginally improved from the abysmal 1.2m bpd to about 1.5m etc.

It is a fact that the macro economic outlook of our economy is very stable and positive but it's the micro that's a problem and your govs also have a huge role to play at that level to alleviate and improve the lives of their citizens.....but tell me what your gov has done it is doing to develop his state to the benefit of his citizens.

I don't expect much from a dimbat. It's the usual rhetorics of a mumu zombie. All those nonsense you wrote is defeated as the realities on the street is staring at you in the face, the stark reality of today is that Nigerians are better off than they were last year or the years before, any attempt to deny that fact is playing the ostrich and sounding like a dull pupil. Ire oh.

Lithiumite:
The analogy of the OP is utterly selfish and self serving at best......international bench marking is the best way to go to bring about better accountability in the sector.....how can you on one hand be screaming full deregulation and upholding the PIA and on the other hand be encouraging govt to keep keeping their hands in the same crude by controlling prices..... cheaper fuel means more subsidy for the rich and neighbouring African countries because it will find it's way there somehow and you deprive govt from revenues they should have gotten from same space to the benefit of a few business men and smugglers.

We need to deemphasize the importance of PMS to our economy.....all major industries run on diesel and gas,our critical transportation sector like trucks,trains,barges and boats run majorly on diesel and this has long been unsubsidized without so much hue and cry,but the average elite wants to keep driving their convoys,V8 trucks and SUVs and fleeting around for every unproductive reason such as going to parties and clubs and other mindless fuel guzzling purpose.

The poor might not have any reason to go into a petrol station to buy a single liter of fuel because he probably has no car or bike or even a generator and if he does it would be majorly for commercial reasons.....yes you would scream wouldn't the poor need to Move around and pay high cost of transportation,the poor uses per less petrol per capita than the rich and if the poor needs to transport himself he would be most meticulous in his transportation needs.

Whenever I read all these your nonsense posts, my position is that, it's either school failed you or you failed school, it has to be one of the two.
This exact idiocy, is what the government today sold to Nigerians that subsidy only benefit a few elites who are swallowing Nigerias money and the poor do not benefit from subsidy but today it's obvious to the blind that it is even the poor that benefits most from subsidy with the over 100% inflation that we are experiencing in Nigeria today, some cannot even feed and are already picking tomatoes on the floor.
You claim that it's only the elites that want cheap fuel to go to parties,but your shallow thinking did not tell you that the barbers, dry cleaners, mechanics, delivery guys,Uber drivers and food sellers need more cheap fuel daily to run their businesses than even the owambe people, are those people you alluded. Are they also elites?
You said cheaper fuel could lead to snuggling, is that not the failure of the government and why should the Nigerian populace be paying for the governments failure to secure her borders?
Finally, since the subsidy has been removed and the government is now getting more revenues, how has it benefitted the lives of the average Nigerian today? Are you better off today than you were last year, talkless of 5 years ago?
Infact this Tinubu administration has borrowed more than his predecessors despite his so called removal of subsidy. To say you are very dull is an understatement but you sound like a complete economic illiterate.

Please who has the link to the videos, it's of no use giving us this gist if you will not accompany it with the videos. Infact it's better you just post the videos and stop all these shalaye. Thank you as kindly do so.

pacesetting:
This one is still talking about candidate and election. Face the topic: The police said the kids are acting a script. Are their skinny looking bodies also acting a script?

If you respond without answering this question, thunder go fire you this morning.

Don't mind the disgrace of a guy, it's obvious he's a rice beneficiary of APC, very soon the rice they shared for him will finish and he will be on the street hungry again by then his senses will return.

fergie001:
SOURCE

Have you been able to arrest Yahaya Bello yet? What about the other one that slapped the bolt driver , how much was his bail again. You can only fool APC zombies and they are many on this forum not reasonable people .

Layi4real:
No be Tinubu tell the northerners to give birth to children they can't take care. What has there Leaders in the north side about given birth carelessly without plan. All they are interested is the population so that they can use them during election. This might sound too harsh but its fucking truth. if not why are our own children not out there to protest? when when they did they did so with care and not burning government properties or flagging another country flag out of illiteracy

Gods wrath will visit you and your likes for supporting this rubbish. Sorrow and starvation will visit your home and children one day.
Don't you have conscience or is politics everything to you? If these were your children would you have responded this way?
The way you Tinubu zombie reason is appalling to say the least and I wish you said this in my presence physically, your teeth would have been blown out.

Omooba77:
https://www.vanguardngr.com/2024/11/even-underage-children-are-not-spared-from-t-pains-wickedness-atiku-blasts-tinubu/

If we still have zombies and people here supporting this failed and useless government after watching Tinubu arrest children Tinubu protesting the hunger and starvation he has subjected them to. May such people never know peace in their lives , may hunger and starvation visit their homes and kill their children too.Amen.
Honestly I feel like crying after watching the children's video.

Lithiumite:
Mr economist wehdon!! You need to reckon that it is no easy fit to keep the dollar at even the 1,700 it is right now.....we should have been at over 2,500 by now if not for the ability to meticulously manage the economy.

You are all crying about inflation,CBN has raised interest rates severally to check this and its succeeding which ever way you look at it.but cynist like you who have no solution to the problem are only good at castigating every govt policy just because you were defeated in the last election.

Tinubu,atiku and obi during the last elections had a point of convergence on subsidy removal and foreign exchange liberalisation and tinubu is the only president in a long time who told us what he is going to do and is following through with it.

Subsidy removal.
Naira floatation.
Student loans.
Separation of budget and finance ministries.
Increased investment in oil and gas sector.
Consumer credit.
Improved welfare and independence for the judiciary.
$1 trillion dollar GDP.

You need to atleast give kudos to this man for atleast following through with his plan and sticking to it ... That's the only way we can get our economy out of the woods and this will take a lot of hard work and resilience.

I suppose you are as dumb as the people you are supporting, if you cannot think of any solution to inflation problem other than the useless interest rate increase being adopted then you have been simply disturbing us online and not knowledgeable at all.
A basic economics student knows that Nigeria's inflation is cost push and not demand driven, who uses interest rate increase to fight such inflation, what is required is productivity and public cost reduction from the fiscal side, the government is even killing that productivity by increasing interests rate. Myself and several others have proposed different solutions on twitter and even here but your useless government will not listen.
Then there's you a zombie, who thinks everything the government is doing is right and even being pompus about your ignorance online to deceive gullible fellows to support the government stance. You know nothing if you think what the government is doing is right and what you require is more financial education instead of countering knowledgeable people online to display your ignorance.

justtoodark:
their is no other way....

look na ghana wan go the official way than rely on smuggle....
fuel cheaper in nigeria than in neighborin countries cant work....
let the market balance its self in the whole west africa....

Lol, another rice beneficiary on the beat. Don't worry the rice they gave you will soon finish and you will resume begging online again. Zombie oshi

dododawa1:
https://punchng.com/just-in-tinubu-dangote-others-hold-talks-on-naira-for-crude-policy/

Nigerians ! Nigerians!! Nigerians!!! Beware you are being scammed.
Tinubu has come to kill and wipe out your existence, I saw that fuel price has increased again today. Come out and fight for your life.

nairalanda1:
Cedis is also very weak

Note I am not excusing bad government, but that cedis you see is a weak currency.

Minium wage in Ghana is 540 cedis. That buys 36 liters of fuel compared to 60 liters of fuel on 70000 Nigerian minimum wage.


One dollar is 1320 Korean won. Yet the won is stronger than our naira.

Value of cureency is not by number you see

What relevance is this analogy that you have posited, 1 Dollar is 1320 Korean Won whereas 1 Dollar is 1700 Naira. Is it not obvious to even the blind that the Korean won is stronger in terms of Value so what exactly is the point you are trying to make with this analogy.
Sometimes I wonder whether you just post things to show that you know how to use Google search.

adenigga:
For this comment.........

Amen bro

Vision101:
Yes OBJ saved and obtained debt forgiveness but there was no infrastructure. Total decay of infrastructure under him. What is the sense in saving without investment in infrastructure that will develop your economy.

His privatisation was a mess under atiku. Billions of dollars were invested in power without results. That's the genesis of our energy problem of today. He didn't make efforts to either bring the refineries back to life or encourage private sector investment.

Then the worst was the regimes that took over from him. Jonathan squandered everything. OBJ was so upset 😭 against Jonathan that he had to openly support buhari.

Then buhari..... another story. Many had confidence in him including myself. We trusted him to be frugal and have the ability to tame corruption but he disappointed.

The problem of OBJ is that he thinks too highly of himself. He believes that he is the best leader that Nigeria will ever have.

And he's right, of course OBj is by far the best leader Nigeria has ever had since we started democracy in 1999. Objs record is unmatched in all areas of our national life.
He revolutionalized telecoms in Nigeria, infact you are using your phone to type this rubbish today because of OBj, he left office with Zero debt while the present looters we have today has taken our debt to over 100 Trillion , inflation was single digits all through OBjs tenure while today Nigerias inflation is over 100 percent. OBj assembled the best brains and technocrats but today appointments is all about political patronage and not merits.Obj fought corruption and not caring whose Ox is gored, I recall Tafa Balogun and many high profile corrupt officers going to jail in his time.
So OBj has the bragging right abeg, he's the best we have had so far when you compare it to the incompetent buffons like Jonathan,Buhari and now the incompetent druglord we have in aso rock today.

gidigbam1:
This is very shameful coming from OBJ who also had zero plans and was clueless about what to do or how to lead Nigeria. While countries like the UAE who's oil production was just 50k barrels per day, and that of Nigeria was 2 million barrels per day, were busy borrowing money from different sources to build the kind of infrastructure they now have, OBJ's only solution to Nigeria's problem was to pay up all Nigeria's debt.

This can be likened to a family with an empty land that they have not developed, instead of using money to develop the land and build a hotel, you decided to use the money you would have used to build a standard 5 star hotel to pay up debts you are owing. While your neighbor who doesn't even have the kind of money you have went ahead to borrow money from different people to build and furnish the 5 star hotel. At the end of the day it is you that they used your money to pay debt that will suffer while those that borrowed to develop theirs have paid off all their debts and are now enjoying.

That is how clueless and wicked our OBJ, was and to make matters worst, he installed GEJ who didn't commission a single project as Governor of Bayelsa state then to become the vice President instead of choosing Donald Duke who was by far the best Governor in the whole of Africa, that built the then best tourist destination in Africa (obodu Cattle ranch) and Africa's biggest premier resort Tinapa, with the Calabar Carnivals that people from all over the world come to enjoy during Christmas. Imagine if Donald Duke ended up becoming the President instead of GEJ, just imagine how he would have transformed Nigeria. With Donald Duke, there will never have been a Buhari Presidency, and Tinubu's. It was OBJ's wickedness to punish Nigerians that made him bring GEJ who didn't have a track record of deliverables.

I suspect you were born yesterday or you are one of these gen Zs still sucking their mummy's breast otherwise you won't open your mouth and spot these jargons you just quoted.
Don't ever in your life compare Obasanjo's government to this ongoing nonsense by APC that started with a clueless Buhari and now being finished by a known drug lord.
Obasanjo revolutionised GSM and telecommunications industry you are seeing today in Nigeria, Obasanjo left government with Nigeria having zero debt due to his foreign policy out debts were forgiven, Obasanjo assembled the best brains from Nigeria with known technocrats not the political patronage that is being done by your emilokan clueless fellow in aso rock, Obasanjo all through his 8 years maintained inflation at single digits while your useless government today has close to 40% inflation, Exchange rate all through Obasanjo's government did not exceed 180naira to a dollar but today it's about 1700.
All these witness live and it's not that I was told or read it somewhere as i can go on and on, but yet an ingrate like you whose brain has been taken over by APC zombiesm dare to speak ill of Obasanjo and praise Tinubus useless policies with nothing to show, you must be a dimbat that was born yesterday indeed.

helinues:
If you don't want government to be borrowing unnecessarily, then suggest another means of raising funds without taxing

Please save us the story of government should cut their excess , even if they do, it's not even up to 3% of the current budget

The government you are supporting is mentally lazy and seeking for easy way out. I and many others have provided different means of generating revenue on this forum for free even without being paid any advisory fees but as usual APC and Tinubus government is a lazy owomida government who thinks the agberoism he entrenched in Lagos will be done federally.
There's untapped bitumen in Ondo and Edo state but Nigeria imports bitumen to construct her roads, there's vast arable land in the north that a singke state cam become a orange plantation and nigeria can become orange concentrate exporting nation.
Infact the opportunities are enormous but successive Nigerian government is mentally lazy,lacks foresight and always looking for easy way out like rasing taxies and removing subsidies

Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?

Please if you have answers, kindly respond...

The reason is simple, there's general inflation in the economy and rice being a commodity in the economy will follow too. When you say greedy farmers, what exactly do you mean by that? Will the farmer not send his child to school, pay for rent, buy other things he will use? Are those items the farmer will buy immune from inflation? Since the items he will also buy in the economy will increase his own commodity too will have to increase..
No item is immune from inflation when an economy has failed like we have in Nigeria presently. In your own business or services you render , have you not increased the price too? Why should the rice farmer not do same.

grandstar:
It would be appropriate that newspapers employ a competent economist so they won't make such embarrassing articles which exposes a shallow understanding of economics see the light of day.

If truth be told, Tinubu needs to go further in cutting structural wastes such as the fuel and electricity subsidies, and a bloated civil service.

How do people expect the government to run a budget of 27.5 trillion on basically 4 trillion? Buhari would have simply told the central bank to print the difference and lend it to him. That is why debt servicing in 2022, was higher than the entire government revenue!

PwC bulletin: Nigeria's 2024 Budget Highlights
The Federal Government of Nigeria recently presented the 2024 Budget proposal to the National Assembly. The Budget titled "Budget of Renewed Hope" shows a proposed expenditure of NGN27.5 trillion and an estimated revenue of NGN18.32 trillion for the 2024 fiscal year. We have analysed in our infographic a snapshot of the 2024 Budget proposal and its assumptions relative to the 2023 approved and supplementary Budgets.

At least 80% of the revenue will go towards servicing debt. That is why I said the FG only has about 4 trillion to play with.

There's the saying," Borrow borrow make me fine." That was what Buhari was doing. He would have borrowed money to provide the petrol subsidy. Tinubu says the days of such have to end. His refusal to go on a borrowing binge to give you cheap fuel is why the price of petrol is so high.

Buhari wrecked the economy. All these screaming should have been carried out then and not now, but majority were clueless. Buhari scored worse than an F9 in almost all his 8 years as president

See this mumu, are you aware that Tinubu has borrowed more than any other president in the history of Nigeria within 2 years in office including the Buhari you are gaslighting despite his so called subsidy removal?

richmond500:
Car ke, my salary is not even up to 200k, where I wan see car to buy? I even think say u wan talk 300-400k

Btw, Tinubu policies is economic policies and it's not magic, so there is little chance of the FX coming down to 1000 in January.
But it will surely come down from next year

Lol, see yourself.
It's just self deceit, are you aware they Tinubu will be 2 years in office by may next year. If his policy does not start to show by next year , is it when he's booted out by 2027 his policies will be showing.
You can keep deceiving yourself my brother, you and I know that there's no policy working anywhere , it's just trial and error they are doing and you guys are falling for it.
We were in a forum with the CBN governor recently and he was asked when the exchange rate and inflation will come down and he said he can't tell, that's the CBN governor oh, but APC zombie online thinks Tinubu has some deliberate thing he's doing that will stop this suffering from continuing and are still having hopes.

richmond500:
when u hear people say I work in a particular sector or I have first hand knowledge, just know they want to lie.
Just because u are doing POS doesn't mean u work in the financial sector.
Ogbeni rest, FX mean foreign exchange and if u don't see how reduction in imports can help our foreign exchange then u have a problem.

Make u rest with ur financial sector, the highest transaction u make a day is probably 200k from that ur POS stand

All these insults you are throwing amounts to nothing, I have thrown up a challenge to you and we can bet our cars if you won't mind, I will drop my car and you drop yours. If you are really sure of your support for Tinubu as an APC zombie and you can promise that Tinubus policy is working and by January next year dollar will be 1000 , not even the 500 naira he met it .We can do cars or cash depending on you to really show that you know what you are talking about.

richmond500:
firstly, subsidy is gone, this makes a regime where govt can use the funds for something else.
Secondly, No multiple fx windows, this means u will be buying dollar same amount that the elites will buy too, it calls for competition in doing business in Nigeria and promotes local production from every Nigerian that wish to.

Thirdly, Larger percent of our import was from oil, that bottleneck is gone too thanks to Dangote refinery.

I don't know why people aren't seeing this

I am forced to respond to this comment because of the stark ignorance that I see there.
The first point about the absence of multiple FX window in Nigeria today is about the most ridiculous and ignorant statement I have read this year. Really!!.
Are you really in touch with reality of you are just taking in anything APC propaganda dish out to you. The official dollar rate on the nafem window today is 1620 but you can cross to your aboki next street and ask if you will get dollar for that rate, he will most likely tell you it's 1750, then there's also a window called CBN intervention where dollar is sold for 1550. That's 3 different FX windows in the same country Tinubu and his zombies like you said they have unified exchange rate.
The second point you noted is that subsidy is gone in the same economy where subsidy is said to have been gone more than 5 times only for NNPC to come back and say they are owing $6Bn in subsidy payment between last year and now.
On your final point on Dangote refinery, I work in the financial sector and I always wonder what is making you people think Dangote refinery is the solution to Nigeria's problem. Firstly, Dangote refinery is a private business and if you say dependence on foreign import will reduce I agree, but it will not translate into any significant appreciation of the Naira. The reason if because the crude oil you are giving to emdangote in naira is the part of your little FX earnings if you have exported the crude hence there's FX deficit presently due to this.
Finally, if after all I have said you still think I am talking trash and you are so sure of yourself and Tinubu that things will be great by next year, we can place a bet with a trustee, where if naira exchange for 1000 by January next year you win while if it does not I win be that, if he sure for you.

HydraFeeds:
It's sign of low intelligence and lack of creativity to repeat a single statement several times in an article . It's like a "smart attempt of a dullard " to meet up 500 word threshold in SSCE .

You say others don't understand macroeconomics and they're illiterates APC zombies regurgitating fallacies but you're the one that calls other point jargons because you're of low intelligence.

Let me give you a simple analogy that's in your level ,if you're owing debt but you're unable to pay ,will the debtor leave you ? He can seize or take your things till you're able to pay back or to use in exchange for the payment.

That's the deal going on . I will attach a screenshot of the details of the process below .

China doesnt have the strongest currency in the world neither is the currency stable despite government intervention and in fact ,they're mulling floating the currency.South Korea has almost the same exchange rate with Nigeria but they're a better country. Also ,I believe CBN stated it will intervene "when needed" . Oil is the major import in Nigeria but we are now producing locally and there's still hope there will be more productions which will greatly reduce dependence on foreign currencies and enhance local competition .

Talking about pathways ,because I support subsidy removal and floating of naira doesn't mean I don't believe the government could do better in the way it's handled with better support and resistance measures . Everybody can't be one way zombies like you .

Arguing with your likes will diminish my thinking faculty, you wrote long jargons without any answers to my queries and also attached a post that supports my claim that oil was simply being swapped for refined products.
I'm done discussing with an ignoramus.