naijapips02:


Wisdom? Wetin concern vulture with barber?

Ask ur papa, he knows better

billante:


The lazy thing to do now is when you see somebody made sense in what he wrote and you know you can't bring any sensible response to give you just cancel his writings and type he said rubbish

progress69:


Lol. Jonathan saved LNG funds? what is LNG account? I am not understanding, so there is an account called LNG account.
You see the kind of people that want me to engage them?

naijapips02:


Didn't expect less from u.

naijapips02:


Jonathan made sure we never experienced recession even when the world was in a big mess in 2008. Jonathan handed buhari one of the fastest growing economies in Africa. No?

GavelSlam:


Everything you wrote up there can be regarded as one big typo.

naijapips02:
It's time to stop the lies been pedalled by APC and their goons. Bring up lies disguising as facts and feeling smart about it.

They feel it makes them look smart by supporting APC. Been there.

I'm going to tackle progress69 here point by point.

1. 27 state governors were owing back log of salaries as at May 2015 when this government took over hence the bail out funds approved for governors. Despite this bail out funds, many refused to meet their obligations.

Governors always owe salary. Thats what they do. Money was disbursed by the centre. It's not the fault of the centre that these monies are not managed well by the respective states. Besides, it was an election year, and many governors were stocking up monies for re-election. The same governors that had surplus to embark on such frivolous project as a monorail couldn't pay salaries.

After the purported bailout (which by the way was done with monies saved by GEJs administration) 23 governors still owe salaries ranging several months as at June of this year . https://www.google.com.ng/amp/dailypost.ng/2017/06/26/nulge-lists-23-states-owing-salaries-number-months/amp/


2. Federal Government was borrowing to pay 2015 salaries.

This is a big lie. Read that story again. The sharp fall in the price of oil was unprecedented. Against the benchmark of $70/$80 oil feel below that. So the government had to technically borrow around $800 million to finance the deficit. This is not new nor was it peculiar to Nigeria.

Now contrast this to buhari's government that has borrowed over $60 billion since it came into power. Over 40℅ of our budget is deficit and we are running Nigeria with borrowed money.

https://www.google.com.ng/amp/s/www.vanguardngr.com/2017/10/buhari-writes-senate-borrow-5-bn-finance-2017-budget/amp/



3. Oil marketers were owed billions, led to a fuel scarcity that paralyzed Nigeria, even banks were closing before time, telecoms operators were sending texts about expected disruptions (never in Nigeria have this happened until 2015)


Another big lie. The fuel scarcity of 2015 which lasted few days by the way, was caused by uncertainty from the point of view of oil marketers of whether their outstanding subsidy claims would be paid before the handover. The incoming buhari then was preaching and shouting that he doesn't know what subsidy was, so the marketers were naturally scared that buhari might not continue paying their outstanding debts.

https://www.google.com.ng/amp/s/www.naija.ng/amp/394951-what-caused-the-fuel-scarcity-oil-marketers-open-up.html

Now contrast this with this present scarcity that has lasted for almost one month.


4. Okonjo-Iweala who many people in the opposition believe would have done better or saved the economy warned of tougher times as oil slipped low to about $76.

Dude stop being naive. Oil prices were coming down. That is the same message any leading economist in an oil based economy would give. Brace for tougher times doesn't equal recession. And besides the ECA that GEJ saved up for times like this, he was forced to share b the greedy governors lead by your very own Amaechi.

https://www.google.com.ng/amp/s/www.naija.ng/amp/998647-jonathan-shared-part-1bn-oil-savings-amaechi-governors.html

5. Falling Foreign Reserves

Nigeria’s foreign reserves drop to $29.13 billion

The foreign reserve has been falling and rising. It was once stood at $36.3 billion in October of 2014, even with all the subsidies GEJ was paying. And mind you $29.13 billion in 2014 is worth twice that value now in 2017, with our crazy exchange rates, no thanks to buhari.

Let's wait to the end of buhari's tenure to do a proper analysis.

Im not holding a brief for the past admin but This asslicking has to stop this year

HoluwarTohbar:
OK so where is Berem, GarriThe1st, Hungerbad, Donphilopus, Demdem to mention a few?
How many buharist prior 2015 are still with him today?

VULCAN:
Was that one of the campaign promises in 2014?

It's obvious you're a paid BMC but I appreciate you trying to take an intellectual tone instead of the confrontational one some of your less educated colleagues take. Kudos

Rrankdonga:
I will ask you a million times !diot. Come and kill me if e pain you.

phantomBBT:
Where is the jetty? I pity una for rivers.. wike keeps piling up debts and you people are hia talking gibbrish!!

PierreDeFermat:
3 mobile offices is too much. A governor shouldn't be moving around in mobile office. That's too luxurious. This country is truly a zoo. If you take a 30 minute journey in a mobile office,your life would never be the same for good 30 days as its too luxurious. The pleasure is out of this world. Just like luxury private jet on road.

Nuesbab:
But seriously what kind of bus wike has been going up and down with . please OP show us the full pic of that bus. Cos the thing dey look like black maria for my face. Ta

IVORY2009:



This is the beginning of mr Buhari's down fall, he has to do d needful, all african nations and rest of the world are watching, and moreover this is democracy and not some military/detatorial system of govt, where the court rules dont count, except decree....

CashVessel:


If you read this your post in 5yrs time, will you believe you yourself wrote this? Please correct yourself

lilzcee:
buhari is only witchhunting, PDP will send him to jail if they win in 2019, since he just planned to destroy PDP

pawesome:
like you

Emassive:
Just as you are stupid enough to allow lastma and Frsc to arrest your vehicle after killing it on a bad Nigerian road yet praise a no good certificateless aboki to spend your tax on luxury in his well imposed recession shows consequential your wise brain is. You need a Psychiatrist ASAP

anonimi:


Must pale into insignificance beside what the dog of ubima stole to finance DullardPoo's campaign, surely.


www.nairaland.com/attachments/2831519_stealingamaechi_jpegad74e2c90a1a5fd1bd932c3319614bc3

rusher14:
Wailers.

You said they should sell them and they've followed your suggestion yet you wail.

Dem take am swear for you?

seangy4konji:
100 billion naira. Billion.

BeauHomme:
Odili, just do the wise and needful...decamp to APC and see all your problems melt away.
Go and ask Dariye and others


You can thank me later

TonyeBarcanista:
I'm not Impressed. .

aventura:
why dont you think patience or abacha's funds came from family members?

imiski:
and anoda one
With the February polls fast approaching,
Nigerians are itching to hear from the
Presidential candidates on what their
economic strategies for the next few years
are.
Answers can not come at a better time
than this with the economy feeling the
weight of falling global crude oil prices.
While the battle against insurgency rages
on, Nigerians are crying out for a handler
capable of manning the economy properly.
Once again, the Presidential election will
be graced by a very known face, former
military dictator Muhammadu Buhari. A
candidate quite known from his ’84-85
regime.
Examining past regimes, Buhari’s rule as
the Head of State in Nigeria should provide
the necessary lessons to be learnt from
the General’s economic policies.
On May 7, 1984 the General announced
the country’s 1984 National Budget which
came with a series of complementary
measures including a temporary ban on
recruiting Federal Public Sector workers.
In analyzing the former Dictator’s regime,
the Encyclopedia Britannica stated that:
“Insurmountable economic problems
plagued the Buhari regime as petroleum
prices collapsed in the face of expanding
foreign debt. Buhari instituted austerity
measures that caused severe hardship to
the average Nigerian.
In October, 1984, barely 5 months after the
Budget was passed, over 200,000 civil
servants were retrenched and critics of
the regime were thrown in jail.
The austerity measures made it difficult
for local industries to procure essential
imported raw materials, leading many of
them to close or to operate at greatly
reduced capacity. Many workers were laid
off, and Government itself retrenched
many workers to increase its “cost
effectiveness.” All of these actions were
accompanied by high inflation.
Struck by a major economic recession in
1985, the Buhari regime reopened the
borders, closed since April, 1984 with
Benin, Chad and Cameroon to speed up the
expulsion of 700, 000 foreigners and
migrant workers. This seemed like the
best transformation idea to the General at
the time.
Nigerians were placed under the eyes of
whip-wielding soldiers; civil servants and
offenders were whipped and made to do
frog jumps for the puny excuses like
“walking in a lazy manner”.
For some, the loss of public goodwill by
that regime was not a surprise. Indeed,
Over a year before the fall of that regime,
Clifford D. May of the New York Times of
1st May 1984, wrote that: “In addition,
prices for food and other essential
commodities, which fell in the first weeks
after the coup largely because of the
presence of soldiers in the marketplaces,
have now returned to or exceeded their
levels before the coup. Unemployment has
been rising, and many of the imported raw
materials and spare parts needed to keep
factories running have been lacking”.
With a clear lack of understanding of
market forces and production
determinants, Buhari’s jackboot economic
policies could only last a few months. The
regime insisted on such rigid, hostile and
ineffective strategies at the expense of
liberalization and investor friendly
strategies.
This koboko-inspired price control
consequently inspired scarcity, and
Nigerians had to queue for basic
commodities that were hitherto readily
available. As a result, scarcity drove
prices even higher, and inflation spiked.
In a report by the Guardian Newspaper of
26th May, 1984, the then Nigerian Grains
Board was reportedly unable to buy grains
“because market prices were higher than
what it was allowed to pay”.
In another report by the Guardian of 24th
May, 1984, the Association of Master
Bakers, Confectioners and Caterers, in
view of the scarcity and rising price of
bread, made a passionate appeal to
Government, and offered advice on the
way forward. Such was the deplorable
standard of life in 1984; essential
commodities such as bread, milk, and
even grain had become scarce just a few
months into the Buhari administration.
We are at war with ourselves, hundreds of
people lamented silently.
An oppressive law, Decree 4, was
instituted and all but took away the
freedom of expression of the Nigerian
public.
The stringent economic measures applied,
led to student unrest in Tertiary
Institutions as they railed against the re-
introduction of fees and withdrawal of food
subsidy and increased unemployment.
The Buhari regime brought infrastructural
development to a halt, education suffered
badly, there were no agricultural reforms
and with Nigeria operating a Closed Door
policy the shut borders hindered any
economic advancement that ought to have
come via foreign investment.
In addition, political corruption continued
unabated, with politicians “escaping to
Western countries with millions of dollars
in Government money”. The British Press
led by the Daily Telegraph and the London
Times, in separate articles, blamed the fall
of the regime on the failure of his
administration to solve the worsening
economic crisis.
The Buhari regime’s granting of a waiver
to the Emir of Gwandu and father of his
Aide De Camp, ADC, to clear 53 imported
suitcases at a time when all national
borders were closed has been advanced
credibly to nibble at Buhari’s image of
“integrity and impartiality”.
The excessive use of force and strict
penalties meant an increase in health
challenges of citizens who could not afford
Medical bills or were brutally injured by
law enforcement officers. Names like Alex
Ekwueme, Lateef Jakande and Ambrose
Ali come to mind here.
The allegedly “well managed” economy
that Buhari claimed to have overseen is
still in the doldrums.
The General left a heritage of many broken
and unfulfilled promises. At the end of his
rule, the country still wallowed in
corruption, injustice, religious and ethnic
intolerance, poverty and all round misery.
All these happenings leave questions in
the minds of the electorate, especially as a
coherent body of answers have not yet
been given.
source www.post-nigeria.com/buhari-what-economic-policies/