₦airaland Forum

LRNZH:
I'm kinda lost here.

Please someone one correct me.

I thought GMB's regime lasted from Dec 31, 1983 to Aug 27, 1985.

How is GEJ's suffering in 1983 GMB's fault?

LRNZH:
I'm kinda lost here.

Please someone one correct me.

I thought GMB's regime lasted from Dec 31, 1983 to Aug 27, 1985.

How is GEJ's suffering in 1983 GMB's fault?

NeoTesla:
You Sir are the one who has messed up with a deceptive argument. The OP posted about graduate unemployment. 80% of youths does not in anyway translate to 80% of graduates. Nonetheless, we should be very disturbed that 80% of youths are unemployed.

@OP, please show objectivity in your argument by posting the percentage of unemployed graduates as of today.

Bawss1:
Are you saying you expect a press release everyday condemning every act that Boko haram engages in everyday during this war? What does that achieve? The FG's position against Boko Haram has been stated serval times already. In fact we should all be weary of press releases condemning BH, what we should clamour for is the final statement from the govt that Boko Haram has been contained.

theV0ice:
GMB met a comatose bleeding economy and stemmed the tide while starting the process of rebuilding. GEJ on the other hand met an almost debt free nation, robust reserves and favoured with high oil price yet we have 80% unemployment.

Shame on the jesus of doyun okupe

My advise to TANoids, GEJites, Jonathanites and Cluelites is to forget about campaigning on performance. GEJ will always lose.

Even GEJ avoided performance based campaign yesterday in Lagos.

I bet you guys my reputation. Any discussion under performance, GEJ will woefully scatter.

You guys can rely on GMB is a devout Muslim hence he is a terrorist, he is a disciplinarian hence he is a dictator, he is Fulani hence he is a cow but otherwise, foul.....

MusaIbrahim1:
GEJ has really failed us but Buhari is definitely not the change we need...

theV0ice:
God bless you. Another important thing I took away from that newspaper cut is that GMB ran a government that didn't tell lies to paint itself good. Even though a military government, it was open information giving by even the government newspaper. It paints GMB as more transparent than this so called 'Democratic' govt.
I wish gej; the 'christian' president can let us know the statistics of unemployment in the country today

4Play:
I didn't realise that you had already posted this. The parrallel market reflects the real value of a currency. Supposing GEJ announced in 2010 that the official rate of exchange is 140 Naira to 1$, if the parrallel market today shows 190 Naira to 1$, GEJ "success" in stabilising the exchange rate by looking at the official exchange rate but at the parrallel rate. Chai, Nigerians make me laugh

LRNZH:
Read my comments above your post and respond sincerely please.
I had already responded to this point about parallel market rate there.
But about devaluing the Naira under GEJ? I'm waiting for your response.

Bawss1:
@LRNZH
The battle against Boko Haram in the north is on going, it is a full military campaign. Surely no reasonable person expects a press release everyday from the FG while it wages this war.
Take the govt to task on other serious matters not this. This is just petty politics.

Bawss1:
The OP is being disingenuous. Virtually all countries in the world have issued statements of solidarity to France, are those countries without their own challenges? Besides the press statement issued by FG doesn't cost anything or somehow reduce the effort in its own campaign against Boko Haram. Using this as salvo against GEJ is lame and childish, OP could easily bring other weighty issues against GEJ that will merit attention not this non issue.

4Play:
I didn't realise that you had already posted this. The parrallel market reflects the real value of a currency. Supposing GEJ announced in 2010 that the official rate of exchange is 140 Naira to 1$, if the parrallel market today shows 190 Naira to 1$, GEJ "success" in stabilising the exchange rate by looking at the official exchange rate but at the parrallel rate. Chai, Nigerians make me laugh

Bawss1:
Terrorism and violence should be condemned wherever it rears its ugly head. There is absolutely nothing wrong or out of place for Nigeria to condem the Paris attack even while it faces challenges within its borders.

Criticising the FG's solidarity statements to France is outrightly lame. There are a dozen other areas where we can all rightly call the FG to order not this one. It's because of the elections that why many people have thrown reason out of the window and blindly talk down on every action of the govt. This needs not be so.

BTW are Buhari supporters implying that should Buhari win there will be no more terrorist attacks in this country? I hope if he wins and attacks still occur they won't take the easy way out and blame it on the opposition.

4Play:
Your thread title suggests that Buhari did not devalue Naira. However, the reality is that in his brief stay in power, the Naira lost value. I know in Nigeria, facts are relative to where your political and ethnic affiliations lie but the Naira's loss of value during Buhari's reign is a historical fact.

It is not my view that this is a bad thing, like I said, when oil prices fall, the Naira must lose value otherwise you will have an overvalued currency and create dislocations in the economy. The problem is that because economic illiteracy pervades Nigerian political debates, people see a "strong Naira" always as a mark of good economic management and try to rewrite history to fit this uninformed perspective.

LRNZH:
[b]You do not understand the real issue here.
We are not supposed to be broke to the point of devaluing the Naira immediately oil price went south.
Corruption and not Boko Haram is the problem.
The $1Billion borrowed to fight insecurity is nothing compared to what is being stolen annually in Nigeria. We estimate between 10 and 15 Billion US Dollars is stolen every year in Nigeria public sector.
Take a look at this statistics:

OBJ (2007 Ave.)
Reserves: $53 billion
National Debt: $17Billion (12% of GDP)
Oil Price: $64/barrel

Yar'adua (2009 Ave.)
Reserves: $42 billion
National Debt: $21Billion (11.6% of GDP)
Oil Price: $53/barrel

GEJ (2014 Ave.)
Reserves: $38 Billion
National Debt: $49Billion (18.5% of GDP)
Oil Price: $89/barrel

Oil Price Chart: www.nairaland.com/attachments/2006543_2015010806_09_56_jpeg2ff3fed32640f68a143f27ad54c27917

With the best oil price regime sustained over a long period ever, GEJ's govt cannot claim to have performed better that Yar'adua or OBJ. Nigeria may never get the sustained high oil price oppprtunity we got under GEJ.
But under GEJ, no improvement in Power, worsening Security, No Refineries, Oil bunkering of 400,000 barrels per day.

Again, who is fooling who? GEJ has the worst stewardship of the past 3 PDP Presidents.
[/b]
References-
Reserves: http://www.thisdaylive.com/articles/2007-2012-movement-in-foreign-reserves-account/138991/
http://dailyindependentnig.com/2014/06/external-reserves-shed-11-45b-one-year/
World Debts: http://www.economist.com/content/global_debt_clock?page=8
Oil Price: http://inflationdata.com/Inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp
Chart- http://www.nasdaq.com/markets/crude-oil.aspx?timeframe=10y
Did you read 400,000 barrels of crude oil is stolen daily by oil bunkerers? Tompolo is supposed to be protecting Nigeria from these bunkerers. Tompolo has bought private jet, warships while Asari's building a university in Benin Republic.
400,000 barrels per day at 80 per barrel is about $10 Billion stolen annually. ?

4Play:
@OP

Bros, why you dey lie? Are you one of the pay per post posters that dot this forum? This topic has already been exhaustively dealt with on this forum, the Naira lost value significantly under the Buhari era. The reality is that in a time of falling oil prices, the Naira will have to lose value.

In addition, Buhari implemented austerity policies which led to the mass retrenchment of public sector workers. Necessary economic policy in my view and one which we would have to implement this year too.

LRNZH:
When austerity measures are introduced, there will be a period of pains until the country weathers out the issues that caused the austerity measures in the first place.

Huge Gov't debts and corruption were the main issues.
GMB tacked them. The closure of land borders to fish out illegal aliens is not bad in itself, improving cost effectiveness is not bad in itself.

Because GMB spent only 20 months, the benefits that could have come from the austerity were cut short by IBB who rolled back all GMB policies. We all agree IBB started the major disintegration of Nigeria's economy and not GMB.

Anyway, the long and short of it is we have a limited option of candidates to chose from in February 2015. Out of the 12 or so parties that presented presidential candidates, only APC and PDP have the structure on ground to win national elections.
Out of the two candidates presented by both parties,who is a better choice?
I can categorically tell you it is GMB.

Akranez:
you are right in some ways sha..
buhari should better than the fisherman.

nigerianvenom:
Same way ur illiterate general created employment, right.
Even if u forget ur senses,dont forget history

LRNZH:
[b]When austerity measures are introduced, there will be a period of pains (unemployment etc) until the country weathers out the issues that caused the austerity measures in the first place.
Huge Gov't debts and corruption were the main issues inherited from Shagari-led Gov't.
GMB tacked them. The closure of land borders to fish out illegal aliens is not bad in itself, improving cost effectiveness is not bad in itself.
Because GMB spent only 20 months, the benefits that could have come from the austerity were cut short by IBB who rolled back all GMB policies. We all agree IBB started the major disintegration of Nigeria's economy and not GMB.
Anyway, the long and short of it is we have a limited option of candidates to chose from in February 2015. Out of the 12 or so parties that presented presidential candidates, only APC and PDP have the structure on ground to win national elections.
Out of the two candidates presented by both parties,who is a better choice?
I can categorically tell you it is GMB. [/b]

Akranez:
You mean Buhari tackled our economy problems in 83, by imprisoning political leaders..Mostly from the west..
Constraining various groups, including the Nigerian Medical Association, which was outlawed, and the National Association of Nigerian students,
and he promulgated two decrees that restricted freedom of the press and suppressed criticism of the government. Decree Number 4 forbade any journalist from reporting information considered embarrassing to any government official.

The Buhari led government in 83 introduced a comprehensive package of austerity measures. It closed the country's land borders for a period to identify and expel illegal alien workers and placed severe restrictions on imports and heavy penalties on smuggling and foreign exchange offenses. 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. The price of basic food items rose, and life became increasingly difficult, even for the affluent.

Bros, the only good thing buhari did was war against indiscipline.. That was it..
This man should retire from politics and Gej should go back to Bayelsa and fish..

There are more credible people in Nigeria than can rule than both of them.. Some are even contesting now.

Orunto:
People don't devalue for the fun of it. Governments do so when they have wars in their hands or a gross reduction in revenue income of the nation. We have bokoharam infesting our landscape and like a pest that refuses stop, the price of our main export product(oil) is dropping everyday. No former Head of State from Nnamdi Azikwe todate has ever experienced what GEJ is presently experiencing. I beg we should join him to rid this country of bokoharam now.

chidekings:
awesome.....thanks

Akranez:
Abeg comot for road..
Did he give us light when he was military president?
This man should retire from politics joo.

Meanwhile, Gej should go back to Bayelsa to fish.

Collynzo9:
If they had endorsed GEJ, you guys would have used it against the man as usual by claiming he is a friend of militants etc.

You have no argument here.
GEJ is a darling of militants. Tompolo is running NIMASA. The scale of oil bunkering going on under GEJ is the largest in the history of Nigeria.

400,000 barrels per day bunkered. We did the maths it was about $10 Billion per annum at $80 per barrel.

All of a sudden Tompolo is buying private jet and warships. Asari is building university in Benin Republic.

We don't need MEND endorsement to know GEJ is a friend of militants

Mogidi:
Have you read Buhari/APC manifestos at all? Buhari that couldn't fend for himself since Babangida sacked him would wave a magic wand and all problems would be solved.
You my friend should not be allowed to vote, the issues are too complex for you to discern.

Collynzo9:
They don't exist anymore.
Their real leaders have also come out to say the same.
Jomo Gbomo was a pseudonym they used in giving out public information in those days. APC propaganda machine too advantage of that name to give their candidate a phantom endorsement.
Former MEND leaders have come out on TV to deny it, let the ghost called Jomo Gbomo come out too.

Collynzo9:
I keep saying it.
MEND doesn't exist anymore, Jomo Gbomo never existed.
Even Shekau shows his face, who is this Jomo Gbomo?