₦airaland Forum

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/

imiski:
I tank God I Neva used any abusive language on u I. only made use of Google to prove a point u as a reasonable human u claimed to b should have proved my daftness by bringing facts... u said ibotic I don't knw y anybodi dat dosnt support buhari is an upon member to you Pple...I refuse to speak any further with u because ur not intelligent enough to argue with(I argue with Pple dat give me brain watering facts) have a nice day my brother or sister

adami48:
I am a fool and my foolishness is a generational curse that i need to find solution for

imiski:
in case u don't have mb to Google it let me make it eaiser
In months to come, a Toyota Camry would be
offered for N50,000 just to feed family.
In 1984, just months after the military takeover by
General Buhari, the
country ground to a halt; just like today! He came
with the same
song-and-dance: THEY ARE CORRUPT!!
In a matter of months, mothers were selling their
jewellery to send their
children to school. Thieves were stealing food at
gun point, just like
today. Within months, there simply was NO FOOD.
The government gathered
the little there was and restricted purchases.
Whether you were 100 or
ONE in your family, every household had a card with
which they went to
military manned cooperatives to purchase rationed,
“essential
commodities”. These included Rice, Beans, Yam,
Bread, Milk, Sugar, and so
on. Everything was rationed. It was war-time in
peace-time!! Nigeria
became like Somalia. We lived like refugees. And of
course, a lot of
children were simply pulled out of schools because
feeding was priority
number ONE! Going to school became a luxury, even
for middle class
families. And ANDREWS & JANES started checking
out. People suddenly
remembered they had British and American
passports, and simply left the
country!
Those who are not aware of all these, ask anyone
who was born on or
before 1974. They should be old enough to
remember. It was that
harrowing.
The most baffling aspect of all this was that, the
people he said were
corrupt and stealing, were presiding over an
economy where the Naira was
1:1 with the US Dollar, and N2 to £1 Sterling! An
economy where we were
buying Volkswagen Beetle at N400 from
Volkswagen of Nigeria. An economy
where my entire family, all 7 of us, travelled for
summer hols on tickets
purchased for N280 and BTA of N400 (official – we
managed to sneak more
out for shopping naaa). An economy where
everything was robust and
vibrant and growing.
Then a man comes in and says he took over
because people were corrupt and
he needed to sanitise things. In a matter of months,
the Dollar was N15
and the Sterling was N40. A VW Beetle sold for
N8,000 (up from N400) and
that N8,000 simply was not available anywhere!
Children dropped out of
school, businesses closed, parents became
destitute, food was NOT
available and we queued for rations at cooperatives
like refugees in a
warring country!!!
Fast forward to 2015!! The same man comes with
the same song-and-dance.
We tried to remind our peers and elders of those
days, and we tried to
educate the younger ones. However, the wind of
change, that wind that
always tells us that the grass is greener on the
other side, deafened
them all!
And once again, within months, everything that
happened in 1984 and 1985
– EVERYTHING – is all being repeated. I have just
come from a home where
my friends have owed 2 terms’ school fees. They
have just made the
difficult decision to leave Abuja, relocate back to
their village and
take the two younger children out of school, at least
temporarily. The
older boy will stay with friends and they will use the
savings on rent
and the likes to try and get him across the line
(WAEC).
Feeding is now a major task. Infact, people are
complaining of their
kitchens and farms being raided for food – DAILY!!
Yet again, this is happening just months after
Buhari takes over with
screams of corruption and stealing. Corruption and
stealing, yet that my
family friend who was not corrupt, not stealing and
not anywhere close to
the corridors of power was paying his rent, feeding
his family and
sending all three children to school. Corruption and
stealing yet
businesses were opening daily, economy was
vibrant, people were healthy,
GDP was growing and so on!
In 1985, we were rescued by IBB and Dogonyaro.
Immediately, people
experienced a reversal. Within a very short time,
the cooperatives
closed, food became abundant again, the Naira
stabilised, mothers stopped
selling their jewellery, and so on. It makes one
wonder!
If there were no reference points, Buharists may
claim that “if only he
had been president”, but the mid-80s proved that
the worst period in
Nigeria’s history were the 20-odd months he was
in power, sandwiched
between two periods of plenty and growth.
Therefore, they cannot bring the argument that
today’s sufferings and
impoverishment were the fault of the past regime –
because we will
counter with “TAKE HIM OUT NOW LIKE IBB DID IN
1985 AND SEE IF BY THIS
CHRISTMAS, YOU WILL NOT BE SMILING AGAIN.
Someone told me today that he predicts that by this
Xmas or next Easter
at the latest, a person will come and offer a Toyota
Camry in exchange
for N50,000, just so that his family can eat and
make merry over the
holidays!!
Nigerians simply don’t refer to history! And I have
run out of every
single drop of sympathy in my body.
SO, LIKE I SAID BEFORE, KEEP STEWING IN YOUR
BROTH. MAYBE NEXT TIME YOU
WILL SHELVE PARTISANSHIP, TRIBALISM,
ETHNICISM, RELIGIOUS BIGOTRY,
HATRED, INTEREST AND ALL THAT
Copied from UNN 96 Business Class

imiski:
I won't totally blame dem(tho dy had their faults) but Buhari had a history of plunging this nation into recession (1984) u can Google it

imiski:
so true? what about the citizens who are suffering is it becos we are not getting dollars also?

Izonpikin:
hehehehehe...

I laugh..enjoy your properties..leave Ben Bruce for us...Ben Bruce I know would be way bette than dickson..dickson is just a pile of shiiiiit...he is a wicked man...wicked..

Imagine tear gassing old folks who demonstrated for their pension..

Ben Bruce can't do that..

Meanwhile how you dey?..

You still dey soku??...



Comot for their oo..i no wan hear stories that touch..

IVORY2009:
Lackey, the above heading, our oga COAS?

Demdem:

Lackey, which corruption?

IVORY2009:
Demdem, why do u always support corruption?

aventura:
why are you angry? Why the invectives?

The CCB only certified that as a public office holder that he has fulfilled the requirements of asset declaration. Now that is compliance. Leave that aside, that's not the subject of this discussion.

The subject of this discussion is how did he get the money? It's as simple as that. Now his salary throughout his career wouldn't have given him such and as a military officer he is not supposed to have any other job. So how did he get the money.

Waiting for your reply.

Sincere4u:
The problem to me is on how he acquired those assets and not about declaration.
Could a man have saved 3yrs salary to acquire properties worth his entire life time professional salaries?.

Izonpikin:
hehehehe...you haven't told us what you are oo..

OK I know..an ameachi and dakukus boy..

A slave to politicians...

Every business man is indebted...even nations are indebted...reason why I know you're not a serious fellow..you're just a "from hand to mouth" politician azzz follower..

aventura:
this post shows how partisan you are. You are not different for those you consistently oppose.

Izonpikin:
well..Ben Bruce would be better than a 100 dicksons. ..

Well if I remember well other business men are in the same amcon shiiiiit....so what's your problem with Ben Bruce. ...


If only you are one hundredth the man you call a an eediot. ..


You wey useless die....

One thing we have been able to establish over the past weeks between I and u is that neither u or ur entire family line can ever come close to what I am today because u lot are far beneath me. About I and Bruce, it's debatable. He is in huge debt running to billions of Naira and his properties being confiscated left right center, I on the other hand ain't indebted neither has any governmental agency rounded up any of my properties.

Izonpikin:
that man is a fool..

Dickson is an example of a typical village man..

I just hope a Ben Bruce can be the next governor if at all pdp wants to rule that state...

Dickson is both ugly and incompetent and wicked...

U mean the same twitter fool whose cinemas nation wide has been taken over by AMCON? The Obama look alike can't even run a cinema. He squandered the money given to him to run it, u want the eediot to come govern ur state. Goodluck.

Caseless:
"our-oyel" people are always very low, you know.


Once again, congratulations!

Jokerman:
Lolsss... I do not swear ok... we both know dey are thieves...

Ur gimmicks dont work on me...

Demdem:

Inotherwords, u Av no facts, basis or clues whatsoever to back up ur claim. What if I claim that all haters of politicians are all Bastards, like u are currently doing, does that make u one?seriously, u lack sense. Swear and put ur life where ur mouth is. Real men ought not to fear.

Caseless:
I noticed that with izonpikin . Wailers can't handle defeat , you know.

They make me happy today , so I need to see the wailing side of them.

Jokerman:
Bro, I dont need to swear... a friend to thieves and one who condones a thief is already a thief...
Swearing makes no sense.... u ursef knows that anyone entering politics is a thief...

Caseless:
great Edo people.

IVORY2009:
[s][/s]


Demdem, you done come again hope you're not in Edo for the elections? Shoot @ sight order ooo!