₦airaland Forum

sarrki:
Keep quiet when elders are talking

Who is the elder? You??

Okwuo, abutaba ha

vedaxcool:
[s][/s]

Say something reasonable

vedaxcool:
[s][/s]

Atiku has robbed this one of reasoning faculty, how does your worthless piece of information stops Atiku from being an oil bunkerer

So far as you believe that Atiku and Tinubu are oil bunkerers.. I'm okay

quickberry2:
Tell me why Kemi Adeosun should be docked

Forgery!!!!

quickberry2:
But he is in jail right?

What of Aunty Kemi??

vedaxcool:
This guy is a typical ipob imbeci1e always full of boast but little content. Na your cocaine supplier go force am comot? How unah go take oil bunkerer Atiku aka butt burster and OBIdient liar win, is what we want to see.

The same intels that your lord and personal savior Tinubu owns more than 30% of

You people have no shame

https://www.google.com.ng/amp/dailypost.ng/2018/01/31/npa-gives-atiku-tinubus-intels-two-weeks-pay-48m/amp/

I would love that when Buhari enters second term, He'll start investigations on Tinubu. All looters of our national treasury should be brought to books

quickberry2:
You are suffering from amnesia, Senator Joshua Dariye( APC Plateau) is in jail, Orji Uzor Kalu(APC Abia) is in court

The senator that bought his form from the prison or what?

Orji Uzor kalu is in court..

resurgent4oodua:
Brodaly, it is better for Buhari to do his 4 years and go. Christians nationwide will just have to be very proactive in guarding againt the plans of jihadists who may enjoy the support for Buhari.

I want to ask you: How many times has Atiku spoken against the Herdsmen killings? All Hausa Fulanis are the same and they all support each other. Do not be deceived by Atiku's platitudes that he will restructure Nigeria because Nigeria is the only meal ticket for the North. These guys will be worse than Somalia if Nigeria is restructured and they will never allow it unless when defeated in a bloody war.

As for whether herdsmen will come to slaughter us in yorubaland, we earnestly await them so that we may as well fight that war that will decide Nigeria's fate. In al of Buhari's madness, I know he will not be bold enough to frontally attack the south in his 2nd term. I urge you to put your mind at ease and endure his 2nd term. Darkness only lasts for the night, joy comes in the morning. We shall all heave a sigh of relief soon.

Keep your head up bro. Nothing dey happen.

#istandwithbuharitill2023

Funny, how you think the North will vote for a southerner in 2023? And very funny how some people are looking at Osinbajo, Tinubu's boy to take over from Buhari.

Even Oshiomole will rather join PDP than let that happen..

In 2023, if APC field a yoruba man, the North will vote a Northern candidate in the PDP.

I believe Nigerians can unite behind an outstanding man when the time is right. Somebody that will prove himself and earn love nationwide. Peter Obi has nobody to please or a godfather to answer to, He'll make a difference. That's even why I'm supporting Atiku. If Atiku had picked any other person, I'll just be disenchanted and uninterested in Nigerian politics on going. But I think we have a shot at getting the right man there, for once in this country

quickberry2:
Obanikoro was arrested and he agreed to pay back, which he has been doing......get ur facts right

I can only but laugh at you


Obanikoro paid back!

quickberry2:
In PMB/PYO we trust

In lifelessness you trust

Obanikoro: 4.3bn from Dasuki... Walking free

Fayose: 1.3bn from Dasuki... incarcerated

Difference

Obanikoro joined the party of saints and all his sins were forgiven

While
Fayose remained in the party of criminals, whose members should be persecuted

resurgent4oodua:
What do you want me to say? That Buhari should go and Atiku come in? You cannot circumscribe yorubas to one political ideology. We will do what is best for us in the Nigerian political milieu.

And yorubas know igbos neither like nor trust us but we don't care. If you have any yoruba friend, kindly kill or unfriend that person. Yorubas do not even reckon with igbos because we don't like you.

Good day

#istandwithbuharitill2023

Resurgent4oodua

You are a Christian. We abhor the spilling of blood. Remember all the pictures littering the internet of people gruesomely murdered by Fulani herdsmen.

Osinbajo was there when Buhari said these men were Libyans. I know in Osinbajo's soul, he hates everything about Buhari but He remained there because of Tinubu's interest.

Mind you, Tinubu already said that he supports 'ranching'. How do you think such a man has the interest of the Yorubas at heart??

Be wise. Don't allow another man's selfish agenda make you loose your humanity

Buhari should go, even if it's just for the bloodletting in the land

resurgent4oodua:
What do you want me to say? That Buhari should go and Atiku come in? You cannot circumscribe yorubas to one political ideology. We will do what is best for us in the Nigerian political

Today: What do you want me to say? That Buhari should go and Atiku come in? You cannot circumscribe yorubas to one political ideology. We will do what is best for us in the Nigerian political

Tomorrow: Yorubas are nationalists. We want the progress of everyone of Nigerian citizens.

Resurgent4oodua, take a stand in life and stay by it. It is honourable to do so.

resurgent4oodua:
Bros, let's tell ourselves the truth. It hasn't been easy for Nigerians under Buhari.However, we must endure for another 4 years under him so that power can shift to the South in 2023 by God's grace.

#istandwithbuharitill2023

Typical yoruba man

I am here today, I am there tomorrow.

3wks ago: Lets vote out Buhari, He's killing Christians.
There is an islamic agenda to kill off
Christians
Today: Let's vote for Buhari, so that power will come
back to the south


Today: Ambode is the best governor in Nigeria, let him
continue!
Tomorrow: Ambode is a foolish useless man. He
should retire



You lots are very unstable. How can one ever trust you?

Both the op and the commenters are all enemies of the state.

Atiklated2019

Nigeria Is the Future: A View of Atiku Abubakar From the United States, By William Bertrand

"I see no other person in Africa who has so consistently given of himself and his resources to support education — from primary to University — under the most difficult of circumstances…"

"Nigeria is fortunate to have the opportunity to elect such a man to lead the country to its rightful role as an African and world leader. There may not be many more such chances."

Nigeria is poised to be one of the most important nations in the world. It has the resources, the population, the creative and entrepreneurial power and the geo-political presence to lead Africa and the world through some of the great global challenges of this century.

Bill Gates, along with Warren Buffet, are investing heavily in Nigeria’s future. The Gates Foundation has programmed $1.6 billion towards helping solve major social and economic problems in the country. Gates, an objective and reasoned observer of the potential of Nigeria, clearly identifies the problems that stand in the way of reaching the country’s potential. I share his view, which is why I strongly support giving Atiku Abubakar a chance to lead Nigeria into its rightful position of world leadership.

Gate’s said in a recent trip to Nigeria:

“If you invest in their health, education, and opportunities — the “human capital” we are talking about today — then they will lay the foundation for sustained prosperity. If you don’t, however, then it is very important to recognise that there will be a sharp limit on how much the country can grow.”

Education, particularly girls’ early education, and primary health care, with a strong emphasis on early childhood nutrition, are sadly lacking in Nigeria’s investment plan. These areas are where prior Nigerian politicians have failed. The results of this systematic neglect of the basics are that millions of poorly educated and poorly nourished Nigerians are left without the capacity or the tools to face the future.

In 2010, at the request of the then newly appointed president of the American University of Nigeria (AUN), I joined the governing board of that Institution. I continue to serve as vice chairman of the Board, dedicating my time and effort without compensation. During this time, I have had the opportunity to observe and interact with AUN’s founder and chief benefactor, Atiku Abubakar, on a personal and professional level.

I have worked and lived in Africa since 1968 and have been part of developing several institutions of higher education on the continent. In no other country have I encountered a person who has dedicated so much of his personal fortune to supporting an American-styled University. I have dedicated my professional career to that approach and to the use of education as a fulcrum to improve the world we live in. The opportunity to assist in this pioneering effort to create a University in impoverished rural North-Eastern Nigeria, has been an honour and a privilege.Nigeria is poised to be one of the most important nations in the world. It has the resources, the population, the creative and entrepreneurial power and the geo-political presence to lead Africa and the world through some of the great global challenges of this century.

Bill Gates, along with Warren Buffet, are investing heavily in Nigeria’s future. The Gates Foundation has programmed $1.6 billion towards helping solve major social and economic problems in the country. Gates, an objective and reasoned observer of the potential of Nigeria, clearly identifies the problems that stand in the way of reaching the country’s potential. I share his view, which is why I strongly support giving Atiku Abubakar a chance to lead Nigeria into its rightful position of world leadership.

Gate’s said in a recent trip to Nigeria:

“If you invest in their health, education, and opportunities — the “human capital” we are talking about today — then they will lay the foundation for sustained prosperity. If you don’t, however, then it is very important to recognise that there will be a sharp limit on how much the country can grow.”

Education, particularly girls’ early education, and primary health care, with a strong emphasis on early childhood nutrition, are sadly lacking in Nigeria’s investment plan. These areas are where prior Nigerian politicians have failed. The results of this systematic neglect of the basics are that millions of poorly educated and poorly nourished Nigerians are left without the capacity or the tools to face the future.

In 2010, at the request of the then newly appointed president of the American University of Nigeria (AUN), I joined the governing board of that Institution. I continue to serve as vice chairman of the Board, dedicating my time and effort without compensation. During this time, I have had the opportunity to observe and interact with AUN’s founder and chief benefactor, Atiku Abubakar, on a personal and professional level.

I have worked and lived in Africa since 1968 and have been part of developing several institutions of higher education on the continent. In no other country have I encountered a person who has dedicated so much of his personal fortune to supporting an American-styled University. I have dedicated my professional career to that approach and to the use of education as a fulcrum to improve the world we live in. The opportunity to assist in this pioneering effort to create a University in impoverished rural North-Eastern Nigeria, has been an honour and a privilege.

"Atiku himself was motivated to found AUN by his conviction that his life and career had been changed by two American teachers – Peace Corps volunteers. He felt, as I do, that the European elitist model of education still ruling the Nigerian academe did not best serve the needs of Nigeria with its rich potential of human capital."

why is an American style of education important to Nigeria and to Africa? First and foremost, the American approach is an applied one. America has a great tradition of land grant universities that are dedicated to applied research in service to the local areas where they are located. As part of the University system, they support outreach workers or extension workers to take the results of this research to the local producers as quickly as possible. In a rapidly changing technology-driven world, this element of constant community education is vital.

AUN has dedicated itself to being a development University “focused on resolving Nigerian problems of social and economic development and then applying these solutions to the rest of Africa.” Mr. Abubakar strongly supports this direction, intellectually and financially. He clearly understands the need to have the most current technology applied to resolving local problems and has put his own resources to work, doing so on countless occasions.

Community outreach and community involvement are another element championed by the American style of higher education. AUN programmes, such as Feed and Read for destitute local children, taking in and educating over a hundred Chibok “girls”, and the Adamawa Peace Initiative, in response to the Boko Haram uprising, are all successful outreach programmes that have demonstrated a different, more applied, and yes, more American style of higher education.

The American style has always focused on critical thinking and individual innovation in thoughts and actions. Classes are not just exercises in memorisation but are designed to challenge and stimulate analytical processes. The individual and cultural change required to embrace the characteristics of modern society and rapid change do not come easy. Atiku himself was motivated to found AUN by his conviction that his life and career had been changed by two American teachers – Peace Corps volunteers. He felt, as I do, that the European elitist model of education still ruling the Nigerian academe did not best serve the needs of Nigeria with its rich potential of human capital.

His effort to build a prototype at AUN has not been without its problems, including a US Congressional investigation into the relationship with American University in Washington. When I joined the Board, along with Eamon Kelly, the former president of Tulane University, we engaged the services of one of the best law firms in New York to look into the charges. Dr. Kelly had been president of the National Science Foundation and the American Association of Universities in the United States; he could not afford any hint of wrong doing. The response from the lawyers was that there was absolutely nothing in the Congressional report that involved Atiku Abubakar. With this assurance, we both joined the Board. We have never had cause to regret that decision.

During the years that we at Tulane actively supported the AUN effort, its footprint as a University dedicated to development was firmly established. Even with the day-to-day problems of operating an American style institution in the far north of the country, surrounded by Boko Haram, the University has grown and matured. AUN has developed new programmes in entrepreneurship and law and is planning other specialised degree programmes in applied development areas. The University has created innovative outreach programmes that fought to bring peace and sustainable development to Adamawa State and by extension to all of Nigeria.

I see no other person in Africa who has so consistently given of himself and his resources to support education — from primary to University — under the most difficult of circumstances. He understands the role and importance of technology, and perhaps more importantly has the personal integrity and courage to listen to others who sometimes disagree with him, and to change his mind accordingly. Nigeria is fortunate to have the opportunity to elect such a man to lead the country to its rightful role as an African and world leader. There may not be many more such chances.

William Bertrand is Wisner Professor of Public Health at Tulane University, New Orleans, Louisiana, USA.

https://opinion.premiumtimesng.com/2018/10/18/nigeria-is-the-future-a-view-of-atiku-abubakar-from-the-united-states-by-william-bertrand/

greatcrown:
I'm sure you will not rely on China Bulletproof vest for your safety.

I'm just wondering why you will use China standard as a reference.

I think you will do well to find average between highest cost and lowest cost and factor in a reasonable profit margin for the contractor.

You may check this site out and compare price of bulletproof relative to China spec product you posted.

http://www.bulletblocker.com/bullet-proof-vests-and-body-armor.html

Ok let's be reasonable and say they went for the ones of $600 (which is highlyyyy unlikely) let's say the whole cost is $700 per unit.

700 x 600 x 361 = #151.62m

Deficit: 187 -- 151.62 = #36m. This one na jara money abi??

This administration is doing wonders

And going for the ones of $600 is highly unlikely. This is Nigeria!

Your story and this story have the same purpose, to expose men on the presidential race. But i don't know, anytime we bring this forward, we'll be tagged enemies of the country. What do you wish to achieve with your story now?

Imagine 'expired' HIV/AIDS kits gulps 28billion!

What kind of heartless man will be kidding with drugs as sensitive as these??

Buhari is heartless and a fraudster!

.

This thread should be moved to frontpage, let's discuss this issue. We need accountability from our officers.

This is another thread that shows the rot in this administration but somehow, the mods have refused to bring it to frontpage for discussion.

Highlights: #187m bulletproof vest scam; analysis by a Nairalander

https://www.nairaland.com/4795095/187-million-naira-bullet-proof

raumdeuter:
Why una dey lie like this?

This is what happened to Barkin Zuwo

He was arrested by the Buhari regime which came to power in a coup on 31 December 1983. N3.4 million was said to be found "stacked up" in Zuwo's home when it was searched by the new military government. In 1985 a Special Military Tribunal sentenced him to 300 years in jail. He died in 1989

Special military Tribunal led by Who?

deomelo:
Very retaarded, senseless and illogical ipob rubbish.


It's not by force to post.

You always sound frustrated

.

pacino26:
This is kwarupshan on astronomical level. Though I know there's a 30% mark-up courtesy of some BPP rules but this is much na. Like 400% increment. Anyway this is Nigeria and even the APC president is a ...............

400%? Bros, that thing is amost 600% increase

O setigo

It's a thread

Wonderful things are happening in this administration

The eight wonder of the world for me is not even the fact that we elected Buhari, despite all the warnings.. (I preached him like religion in 2015), but is the fact that some people are still clamouring for him to continue.

God forbid

Even if Atiku/Obi doesn't get it right, we'll vote them out too. We can do it now, Thanks to GEJ

jpphilips:
A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance?
Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered.

Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock
it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth.

What are the effects of crude shock in oil producing developing economy?

Forex scarcity: Most developing economies whether oil producing or not depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession.

Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession.

Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford.
In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation.

Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency.

Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate.
The local currency is allowed to float along a band the cbn thinks may not be too hurtful to the economy.
Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages.

Between 2015-2018, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone?
The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves,
It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings).

Permit me to take us down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS.
This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that comes the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings.


Fast forward to 2015, The top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $90b in a $156.1b economy.You can see that the Robust reserve of Algeria was their savior in this modern crude shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time, that amount is not even enough to pay for imports let alone absorb global economic shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings?

Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself

Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg
They not only devalued their currency, they equally allowed it to float like Nigeria's
Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago.



Borrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF
https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/

Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016.
https://tradingeconomics.com/angola/unemployment-rate


Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday.
Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously.

Poverty in Angola
According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million.

I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria save a whooping $90b when the going was good, as such its economy was immune to crude shock.

Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014.

Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014.

Some even blamed it on Avengers attack of 2016

Niger delta avengers was a non issue, if you noticed, I expunged them from my analysis, here is why;
You were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock.

If Avengers did not strike, OPEC would have asked us to cut production to boost prices,
read:
https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years
So Avengers or any form of production cut at the time was a non issue.

Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow?


The vice president being the economic manager of the country Launched the EGRP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks, not just crude shocks. (Algerian model)
The moment that money crossed $40b, forex shortages disappeared, importers stopped complaining, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy.inflation has responded to the potency of the EGRP to 11.23% from 18.8%.

Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects (Russian model)
https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/

In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity. past government whose inaction landed us in this mess in the first place.
A leadership in the past that we tasked to privatize our industries, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished?
Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners?

Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lie peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku.........

See bros, I didn't read all you wrote but I'm pretty sure you made sense, no doubt about that. Nobody is doubting whether the fall in oil price and the rest have a major role in our problems today but the disappointing thing is that this government cannot be exonerated from the level we've sunk to today. The actions of this government contradicts that of a government that knows it's facing an economic problem and wants to solve it.

1. The president spent 6 months before appointing his officers, leaving an already battered economy in a free fall mode. He spent six months galavanting around the world and you nd I know that those trips never yielded any benefit, not even 1.

2. The sudden pulling of money away from an already battered economy all in the name of TSA left a lot of key sectors without economic power. It threw the banking and the financial sectors into turmoil

4. The tightening of Foreign Exchange Transactions.
This policy made it difficult for companies to make foreign exchange. It threw thriving businesses into turmoil which led to massive sacking of workers and manufacturing slowdown.

5. Unguarded Utterances During Foreign Trips. The president made several unguarded utterances that gave the impression that Nigeria was headed for the rocks. This made foreign investors hesitant about coming into Nigeria, and encouraged those that were already in Nigeria to speculate and pull out funds.

6. Buhari's Northern Developmental Focus in Nigeria.
The developmental aim of the president at first was very much skewed towards Northern Nigeria than every other part. For example, he devoted billions of dollars to search for petroleum in the North when Nigeria does not have functional refineries to ensure adequate availability of petroleum products that are already being produced in the South.

7. Preference for Violence over Dialogue. Buhari prefered to use military force to quell civil strife. This approach ignites more protests and civil disobedience. An economy cannot experience progress in violent conditions. Talk of the Operation crocodile smile, Operation Python dance and the rest of them

8. Increasing the cost of Governance. Here only proves that this administration is directionless. You increased the nation's budget by almost 3 trillion. I wouldn't want to start mentioning capital budget or expenditure or whatever because that is not my field but I'm pretty sure that actions like raising the Aso rock medical bills to #1billion, sharing $300million Abacha loot to the non-existent poor people (I have not seen a single person that received that money in my entire sphere og life and I'm pretty sure I have very poor in my family) , taking away $1billion for fighting 'technically defeated' Boko Haram will have it's toll on the already battered economy.

My2cents

.