₦airaland Forum

This wasn't unexpected, the usual suspects. Waiting for Reno..

**Meanwhile in the voice of PDP minions**
"No girls were kidnapped, this is just scam propaganda orchestrated by APC PDP lackeys to rubbish the good governance of GEJ PMB, especially his giant strides in the fight against terror."

Plastic rice! She's been eating it for 2 months and hasnt died yet she feels she's actually eating plastic because the rice bounces or because it forms into a mould?

People just live in their little bubble and have no idea that different varieties of rice exist in different parts of the world. That you are used to a particular variety, and you encounter another type, that isnt enough reason to call another man's food plastic. Besides, between plastic and rice, which is even cheaper?... Why would a producer package plastic pellets and sell as rice?

Nowenuse:
Ok, my bad in the calculation of Buhari's percentage in 2011. I guess I made a mistake in my own calculation and arrived at 23%.


See, pls, let me make one fact clear to you.. In Plateau, we do not rig elections for parties. We hardly do that! So, a party being on seat does not mean that they will or can influence elections to their favour, no, it would be resisted. What you are worth is exactly what you will get in Plateau state. Chikena.

This was why you could see that in 2015, PDP won in the presidential elections while APC won in the governorship. This hardly happened anywhere else in Nigeria apart from Gombe.


Also, don't forget that in 2011, Buhari had a somewhat clean record and many people were still willing to give him a try. My own father was one of such, I think he even voted Buhari that time and urged others to do same......
This is typically unlike now when most people are highly dissapointed in Buhari and have seen that he has nothing to offer!
Lalong who is our governor has also made us regretted voting APC in. See the way he is disgracing us. He is packing his bags too next year. I bet he will not even win in his LGA Shendam next year. .....There is a very strong anti-Buhari sentiment in my state.....

No reasonable Plateau indigene will vote Buhari next year and the settlers/muslim minority who vote based on religious sentiments are not up to 25% in the state to deliver such.

Hmmm... you speak so highly of your people, of their collective focus and undiluted unity in taking decisions; you have so much trust in your people that they all share your sentiments and would all vote out Buhari and you also have so much faith in the infallibility of the electoral process in your state, wonderful!

Would really be interesting to witness how an incumbent governor with national backing would not be able to secure up to 25% of votes for his party.

KEVIND:
3years is too short a time out of 8years to back out on someone you so much believe in. Pls let him see it to the end. The way some people quickly back out and give up on what they so much stuck out their lives for and held up high is so baffling.

That's crap bro! He owes nothing, no loyalty to no leader; a leader messes up, I campaign for the next guy, the next guy comes in and also messes up, and you expect me to still be attached to him to the detriment of me and my country? To what end exactly? Sowore contributed immensely to the crushing of OBJs 3rd term agenda and eventual retirement of OBJ, Sowore contributed immensely to the removal of the Yaradua cabal and installation of GEJ as substantive president, the same Sowore contributed to the removal of the same GEJ after GEJ was found wanting. Now tell me just 1 good reason why he should remain glued to the current president or any president for that matter even at the expense of his welfare, the welfare of his people, the welfare of his country and the truth?

KEVIND:
I don't understand why Sowore is against Buhari he helped to promote prio to 2015 general election. he's double tongued. I don't take him serious.

So because he helped kick out the old scum govt, he should spend the rest of his life licking the feet of the next govt?... and that is your definition of 'virtue' which would make you take a person seriously?

Nowenuse:
Yes, Buhari got much votes from Plateau in 2015 because many of us fell for the change slogan and we were dissapointed in GEJ... But now we know better, so he ain't getting shittt.
In 2011, don't forget that we gave GEJ more than 1 million votes in Plateau and Buhari did not get up to 25%.

Permit me to borrow your exact strong words:
"Now I know that I have been discussing with a politically ignorant person. How can you say Buhari won Plateau in 2015did not get 25% of the votes in Plateau in 2011? My your own state?"

Buhari in 2011 got 356,551 out of a total of 1,411,117 votes in your state; and from my calculations, that's exactly 25%. Now let's go back to the little details of that time; Plateau was a PDP controlled state in 2011 and PDP controlled Abuja and INEC and the CBN. Furthermore, Buhari was running under the umbrella of an unknown 1-man party which had no single grassroot structure anywhere; yet he was able to pull 25% in a largely PDP state. Today the dynamics have changed, Buhari runs with APC which isn't just a national party with grassroot structures, it's also the national ruling party in Abuja and also the party controlling your state and controlling INEC and the CBN. But yet you feel APC cannot get a meagre 25% of the votes from Plateau in 2019 because of what exactly?... Now I truly know I've been arguing with a political neophyte.

Bizibi:
oh!!!! Please!!! This is February.....infact no one should even argue until all political parties have conducted their primaries then your simple mathematics can come in Mr political analyst.....you can argue from now till tomorrow, as long as it is a northerner vs northerner battle ground buhari will lose that election thanks their region level of illiteracy.

Northerners vs Northerner, you obviously do not know how those people you term illiterates worship Buhari. The SE and SS are the only areas that would vote sharply against Buhari and APC; but considering the fact that the only alternative would be 'another malam', you simply fail to note the severe level of voter apathy that would take place in the far south which is supposed to provide the much needed weight to push Buhari out.

For you to even assume that people down south would troop out of their houses, under the sun and in the rain, enmass like it happened in 2015 to go vote in an election with 2 northern candidates, you must be a dreamer.

Brother, if PDP doesnt get its candidate extremely right, Buhari is going to die in Aso rock.

Bizibi:
yea,simple number additions......

Yes, simple number additions and application of common sense logic... I can see you are incapable of contributing any sensible logic, only sentimental blabbering seems to be your forte.

"Everyone is waiting to vote him out", with you logic, that also includes millions of people in the north too right?

For your info, I dont even want Buhari to return in 2019, but common sense should tell you that he doesnt seem to have any viable opposition so far. Common sense and not stinking sentiments please.

Bizibi:
he's an APC person and a solid sycophant,everyone except the sycophants is waiting for next year election to vote him out.

I guess you are then a PDP sycophant? Silly reasoning. We are talking simple number addition and sumple logic based on political dynamics, but an empty vessel only knows how to vomit sentimental arguments.

For your info, I dont even want Buhari to return in 2019, but common sense should tell you that he doesnt seem to have any viable opposition so far. Common sense and not stinking sentiments please.

Nowenuse:
Now I know that I have discussing with a politcally ignorant person. How can you say Buhari won Plateau in 2015? My own state?

Oga Goodluck won Buhari in Plateau state with around 100k votes. Go and check the records again! Buhari hss never and can never win in Plateau & Nasarawa states in the NC. APC only won in the governorship elections. Pls don't misinform people here and disgrace yourself!

Okay that's an oversight on my part, but that doesnt make me politically ignorant. With 100k votes difference, thats almost 50-50, and you really think whoever PDP fields in 2019 would miraculously make APC unable to secure up to 25% of votes in 2019?... We will soon know who is the political toddler here

Nowenuse:
First of all, you were very wrong in your 2nd paragraph, when you said that people were still passionate about GEJ in 2015. ........your point on incumbency may have some weight, but not on any passion.

Except for the people of SS/SE who are heavily anti-APC and vote based on sentiments, no other region was passionate about GEJ. ......This was why my region the middlebelt who gave GEJ massive and millions of votes and many states in 2011, drastically reduced our support for him in 2015. We were dissapointed in him and we believed Buhari's change slogan. Same thing happened in the SW. But now I think we know better. So, what passion are you talking about?

I wasnt wrong in any way, of course I was referring to the SE and SS; a lot of people from the SS and SE were diehard passionate about GEJ in 2015 and that passion drove people out to vote far more than the hatred for Buhari or APC. Now that passion is certainly no more, and I dont see PDP in 2019 fielding any charismatic candidate that can drive such passion in the SS and SE. Imagine PDP fielding Atiku or Dankwambo or Lamido? You really think these northerners can pull the same GeJ enthusiasm in the SE or SS? Never! However you look at it, there would be serious voter apathy in the far south, except PDP puts its house in order quickly and fields a person like Duke etc.

2ndly, when you talk about the entire north being locked down for Buhari in 2019. I don't know if you are including the middlebelt in your definition of entire north?
Are you including the tens of millions of northern christians in the north to the die-hard ethnic and religious support for Buhari?

If you are, then I think you need some more lessons on the demography of northern & middlebelt Nigeria.

The same people who voted Buhari from the north would most likely still vote for him again; of course Benue and plateau and southern kaduna are excluded (when I even say north, I dont mean the middle belt).

The 2019 election will once again be greatly driven by the two extremities; i.e. the far south (SE SS) and far north (NW, NE and a chunk of the north central). The SW would still be divided almost 50-50 just like it happened in 2015 (Buhari only won the SW with an insignificant margin). Nothing much has changed in the dynamics in the SW especially since the PDP hasnt put its house in order. I dont see the SW tilting to PDP if PDP fields people like Atiku, Dankwambo or Lamido.

Nowenuse:
Less I also forget, I can bet you that Buhari will find it difficullt to secure 25% votes in Benue & Plateau states.

Forget the fact that we have APC governors in both states, the hatred for Buhari is now strong in both states.
And don't forget that both states are overwhemingly christian in population, so there will be no strong muslim minority who will vote based on religious sentiments and deliver the 25% votes for Buhari here.

Lol... very wrong assumptions, Buhari actually WON in those 2 states in 2015 even with the Christian population. Whilst it would be near impossible for him to win those states again in 2019 (especially Benue), gaining 25% would be a walk in the park (might be slightly difficult in Benue though).

How exactly is it news for a man to visit his own business premises?

Another lamentation from another busybody that cannot mind her business. Live and let others live!

We have the high level of terrorism in the world today because of people who would stop at nothing to force their opinions on others. I see no difference between these tireless hypocrites who keep writing articlrs about how BBN teaches nothing; if power is given to these psuedo terrorists, they would ban the show completely irrespective of the fact that it entertains others.

BBN show is entertainment to many, if it didnt entertain, it wouldn't have been so popular and people like the Op wouldnt have had a reason to write such long epistles about it. If you need education, moral or otherwise, you've got schools and churches all over. If you need talent shows, there are also talent shows all about. Contrary to the the Op's myopic and bigotted opinion, BBN may not be exclusively tagged a talent show but a lot of entertainers in Nigeria found their break from participating in BBN - Uti nwachukwu, Gideon Okeke, Ebuka Uchendu, etc. So these hypocritical preachers should leave BBN lovers to live their lives and stop jumping your opinion on others.

Nowenuse:
All of you saying Buhari will win Buhari will win, based on northern votes, you guys should not forget that even in 2011 election, Buhari won all the core-northern states and Niger state, yet he still lost the election.

Let's forget it. The people who will determine if Buhari wins or not are the yorubas and middlebelters cos there is no way Buhari can win the SE, SS, SW and NC combined if they vote overwhelmingly for one candidate.

Let's also remember that constitutionally, Buhari needs at least 25% votes from at least 5 Southern states before he can be declared president, regardless of the number of votes he gets from the north.

Now we all that Buhari cannot get up to 25% votes in any SE/SS states except Edo. Will the yorubas give him those votes? This is what we should be bothered by, not necessarily the population of the core-north.

Buhari needs 25% of the votes in 24 states, but he will very easily get that 25% from 26 states. The only states where he will struggle to get 25% are the 5 SE and 5 SS states (i.e. 5 when you exclude Edo).

In terms of total number of votes, you need to remember that PDP secured many votes in 2015 because plenty people were passionate about GEJ and PDP also had the power of incumbency. Now the northern crowd due to ethnic and religious sentiments will still kill themselves in 2019 to vote Buhari, even supported with their horde of underaged voters. But just imagine when PDP fronts a northern candidate, do you think a typical Igbo man will leave his shop to go stand under the sun and rain to vote for 'another Hausa man' all because he hates Buhari?... nobody really got time for that. There isnt any Jonathan whom people are passionate about anymore, voter turn out in the SS and SE amd even the SW would be much lower than in 2015; the fact is that people havent been provided with any hopeful choice, so a lot of people (southerners) lamenting now would end up not bothering themselves during the election for lack of a promising alternative. Hating buhari isnt enough of an incentive to wake and push people to go vote, but you can be sure that the love and passion for their candidate would keep the entire north awake.

Most of the points highlighted by the Op are very valid, Buhari is very likely going to win again if he contests. The 'loudest' voices of opposition against Buhari are still the same voices that screamed against him in 2015 but couldn't still pull the required numbers despite PDPs power of incumbency.

Right now with APC's current confusion and daily failures, coupled with the lackadaisical handling of the herdsmen crisis, this should have been a right time for PDP to get its act together and produce a solid candidate; but then again, its really complicated. A PDP candidate from the north could divide Buhari's votes, but then, a northern PDP candidate would also result in serious voter apathy in the SE and SS (cos only die hard passionate buhari haters would step out to go vote in order to just remove Buhari). If PDP brings a southern candidate (which is very unlikely), it has to be a person that would be acceptable across the entire south (e.g. Duke); else the Yoruba vs Igbo feud would just gift Buhari a landslide. Any way one looks at it, it doesnt seem like buhari is going anywhere yet, exvept he decides to step down.

sabanageorge:
Dana Air plane just crash landed in Port Harcourt with tyres spinning off and passengers having to jump from the plane. Plane basically headed for the bush, probably due to poor visibility or pilot error. You guys will soon be seeing this story in the news.

Another Dana disaster.

Seun
Lalasticlala
justwise

Dana has been on the news for the wrong reasons lately; from door falling off upon landing to overshooting runway today upon landing. GOd help us!

ivandragon:
lol...


obailala!!!

the blind oba that only sees the speck in the eyes of the opposition but ignores the log in his own favoured thieves & liars...


the office of the SFG just 'spended' N65m in 2017 on a website that was last updated in 2013...


why don't you hop over there & display your stup!d!ty?

Lol.. see this okoko actually having the guts to call someone else stupid. WOnders shall never end! What does your comment even have to do with the topic of this thread?... See what chronic daftness causes...

ivandragon:
most of the girls will be found, soon, unharmed.


the chibok abduction was a well coordinated act to undermine & totally discredit GEJ.

this is just a half baked attempt by an increasingly desperate terror group.

You are very right! The current Dapchi girls attack and abduction is just a well orchestrated plan by PDP lackeys to discredit Buhari before the forthcoming 2019 elections. Just shows you how daft the PDPians are, couldnt even come up with a novel propaganda idea, they just had to plagiarize the script of APC from 2014. Tufia!

PrecisionFx:
I didn't read all these I swear.

Have a nice day.

You dont have to, I already made my point that you arent as smart as you thinkk you are.

PrecisionFx:
U build reserves wen u have an economy. Wen u have 30 million adults or maybe more roaming the streets daily with no jobs, U have gotten to the point where only a radical decision will save the day.

For decades now, Our recurrent expenditure is so fukkin large that it scares the shit outta anyone who goes thru our budget n yet people are insisting that such a behaviour should be sustained.


FG needs an emergency expense worth tens of billions of dollars to immediately arrest our electricity, crude oil and agricultural deficits, The more they waste time on these, The more our population skyrockets and thus these present problems holding us will get even worse.

I dont have much to say to you, but take it to heart that there is a reason why world class economic experts still insist on having viable reserves, these experts weren't and aren't blind to the choking infrastructural needs of the nation and neither are they stupid for insisting on viable reserves first even whilst they borrow for infrastructure. Like I said, stop thinking you are smarter than everyone else.

EternalTruths:
Jonathan is an Ijaw.

Why then did the SW betrayed the Southern Candidate they brought development to Nigeria.

Everyone has a right to vote whoever they believe would butter their bread. That same SW voted GEJ in 2011 but they lamented throughout his tenure that he neglected them but you rhink that is not a valid reason to turn their backs on him? Right before the world, GEJ announced that the SE is the pillar of his administration (obviously alluding that he didnt need the SW), but you think these weren't valid enough reasons for the SW to turn their backs in him?... Meanwhile in this same thread you just pointed out that MKO saying he could do without the Igbos was a valid and justified reason why the SE should have 'betrayed' southern unity in 1993, but you think the SW had no valid reasons to vote out a person who neglected their zone and labelled their leaders 'rascals'?... Bros who do you this thing? What sort of toddler nagging mentality do you possess?

Meanwhile no agreement was signed anywhere that southerners must vote southern candidates so I wonder if you really know the meaning of the word 'betrayal' which you keep throwing about. If a southerner voting a northern candidate irrespective of their reasons is what you term betrayal, then even the SE is far more guilty of this offence.

And by the way, what dirty development did GEJ bring to Nigeria?... is it roads or world class schools or is it power supply or refineries? What exactly is the development?.. maybe it must be the institutionalised plunder of our collective patrimony that you refer to as development; earning highest income but astronomically growing the nations debts and sinking the reserves which were saved by poorer regimes.

EternalTruths:
Why should we support Awolowo in 1979 the man who did all he did to destroy the Igbos.?

Why should we support MKO who said he can do without the Igbos.?

Go and join OPC tasked with protecting SW against Fulani Terrorists who are already in your land.

So if the SE had valid reasons not to support MKO or Awolowo, why do you feel so justified that the SW which supported GEJ in 2011 didnt have a valid reason to pull away support from him in 2015? Hope you now see how warped your logic is.

By the way, I'm from the SE, but I just had to call out your childish logic; I'm tired of hearing that line being used by many as a justification for the southern foolishness.

EternalTruths:
Southern Unity died in 2015.

The Caliphate spear is pointing Westward.

Why should we care.

Southern unity did not die in 1979 when the SE supported a northerner over a southerner, southern unity also did not die in 1993 when the SE again supported a northerner over a southerner, but southern unity died in 2015 when the SW turned its back on a candidate it supported in 2011 to choose the other (northern) candidate? It remains a mystery what kind of toxin Goodluck Ebele Jonathan injected into the bloodstream of some people to continually force this 'toddler emotions' driven warped logic even unto 2018.

Fact is that southern unity never existed, or we can alternatively say it died during the civil war. Another hard fact is that the foolishness of the Igbos and Yorubas in not knowing when to put aside these silly childish differences is the only reason the north will continue to enjoy the upper hand in every political sphere of Nigeria. Common sense should let anyone know that people do not necessarily have to be friends to do business successfully, but that collective common sense is elusive in southern Nigeria. The responses so far in this thread is a testament to that.

PrecisionFx:
Till now u couldn't tackle the issues that I raised and most importantly, u still don't know what a foreign reserve is and its functions.

If taking 12 billion dollars from our reserves to end direct Crude oil export, build refineries, Allow us directly export crude oil products, Save us billions of dollars yearly on senseless imports and even give us millions of jobs is foolishness to u, Then i can confidently say u need medical help (Pu intended).




""foolish idea to eat up your reserves""

Can one be constantly forcefully stupid?

You are definitely wiser than the handlers of the economy from the past and present, locally and internationally who make effort to build reserves despite known infrastructural deficits that need funds; you are definitely the wisest one and everyone else is foolish. Congratulations on your peculiar wisdom.

Meanwhile, to avoid any doubts, the question you asked in your final sentence wouldnt be more appropriate for anyone else than yourself.

PrecisionFx:
I told u to explain how Spending the nations money to provide things we spend billions of dollar yearly to import (Power and crude oil products) amounts to squandering our money and u couldn't say anything. Im still waiting for thag.


""You obviously do not understand the calamity Nigeria just avoided with the recent oil price and forex crisis""


Buhari created forex crisis in Nigeria, Dont even go there, Its now obvious that this is not ur turf. We had a purely man-made crisis an immediately Buhari stopped being stupid, Everything came back to almost where it was pre 2016.




""For a nation of 180million people which is pathetically dependent on importation for just about everything it needs to survive""

What kind of trash is this So for a nation that imports
99% of her needs, The solution to the problem is actually to save more money for the imports? .....The way Nigerians can keep disgracing themselves on issues they don't have even the smallest idea about is alarming.


""You really think OBJ/NOI didnt know that they could just withdraw $25 billion from the reserves to build""

Remove Okonjo iweala from this issue.

OBJ was president n he withdrew 16 billion dollars (U know where he withdrew the money from) to build 10 gas turbines (NIPP) across the NC, SE, SS n SW........This is exactly what I said part of our reserve should be IMMEDIATELY used for n OBJ did it? But at the end of the day he started the project n Abandoned it 1 year later as he led office n the 16 billion dollars disappeared with him.
NB - GEJ came in and took money from our reserves and started building the 10 gas turbines simultaneously, General electric executed the project n during that time they upgraded nigeria to the status of "Super Customers""
GEJ completed n commissioned about 6 of them before he left office and that's where the all time high 5000MW came from.





""Throughout this thread you've been of the opinion that saving billions of dollars in reserves when the country is in desperate need of infrastructure is foolishness""

Point out where I said its foolishness.

"Buhari created forex crisis in Nigeria"
The above speaks volumes of the mentality on which your argument is built; it vividly explains exactly where you're coming from. Obviously it was also Buhari's 'spirit' that caused Nigeria's forex reserves to drop rapidly from almost $40billion in July 2014 (when global oil crisis started) to about $28.6billion on the 29th of May 2015 when Buhari actually assumed office. It was also Buhari's spirit that caused the Naira to drop in value from about N160/$1 in around Oct/Nov 2014 to about N220-N230/$1 as at May 2015 despite the up to $10billion which was drawm from the reserves within the said period to defend the Naira. In fact the entire forex scarcity which prevailed had nothing to do with oil price or oil income or a lack of adequate forex reserves for the rainy day, it was all a result of Buhari's dumbness, that's why Nigeria critically lacked forex and that's why everything went south between 2015 and 2016.

I really dont think I have the strength for this kind of arguments. But I'd leave you with a simple statement which I hope you will understand, "right from the days of Joseph and Pharoah in biblical Egypt, it has always been a foolish idea to eat up your reserves."

tiger28:
PLS TELL THESE ILLITERATES!!!!All am hearing is "brings no food on my table", "buhari is a cow" ,"this number is nothing".....and some of these fools call themselves GRADUATES??We are doomed!!!

The part where people keep talking of 'putting food in the table' is most pathetic; just the typical black man mentality which always believes that feasting today is all there is to life irrespective of how detrimental it is to the future survival.

tiger28:
Did you study economicsGod bless you AGAIN!

I'm far from being an economist, but just listening to speeches by enlightened economists (not the partisan ones) is enough to give anyone a fair idea of some simple things.

PrecisionFx:
""nation should abandon common sense and start squandering reserves""

Explain how spending 15 billion dollars from our foreign reserve to generate 15,000MW of electricity and also build 5 oil refineries that will refine around 500k barrels per day translate to ""Squandering"" of foreign reserves?

For a nation of 180million people which is pathetically dependent on importation for just about everything it needs to survive (almost including the air we breathe), even $50billion in the reserves is dangerously too low especially when you consider that a volatile priced commodity is the only source of Nigeria's forex. You obviously do not understand the calamity Nigeria just avoided with the recent oil price and forex crisis; that's why you do not appreciate the importance of having substantial funds in the foreign reserves.

When world class economists like NOI who had a fair understanding of these dangers were pushing Nigeria's forex reserves beyond $60billion during OBJ days, do you really think she didnt know what she was doing?.. You really think OBJ/NOI didnt know that they could just withdraw $25 billion from the reserves to build world class roads, power stations, refineries, hospitals etc around the country and take the lifetime title of being the best administration?

""If you think there is any wisdom in spending all your cash on capital and stomach infrastructure""

Point out where I said the above.

Throughout this thread you've been of the opinion that saving billions of dollars in reserves when the country is in desperate need of infrastructure is foolishness.

PrecisionFx:
I don't want to insult u back because u speak from a position of ignorance far deeper than where u assume I speak from.

Nigeria in the 21st century has a population of about 180 million people And they generate around 2000 - 3000 Megawatts of electricity.

Meanwhile to function properly as a nation n compete with our peers, We don't need MW, We need GW, At least 1 - 2 gigga watts on a short term. On a long term to run fully like a country in Europe, We need around 50GW of electricity.


No pls explain to me the importance of having 980 billion dollars as ur foreign reserve while u generate 3000MW of electricity daily, crippling the nation of making any meaningful manufacturing, Thus leading to making useless n senseless imports like clay, toothpick, Biscuit, Red oil, tomatoes, etc.
(We actually import as much as 90% of our needs).



Explain what I asked above again with our inability to refine crude oil, leading to Nigeria importing 40 million litres of petroleum products daily (I don't want to calculate the monetary equivalent of that).

Just the same way every single part of the human body has its unique function, the foreign reserves of a country has it's unique functions. Yes it is cash that's saved in the reserves, and the nation is in dire need of cash for infrastructure. But that a nation is cash strapped and also in dire need of infrastructure, that doesn't mean the nation should abandon common sense and start squandering reserves which serves specific survival functions; most especially for a country like ours which almost imports even the air we breathe.

If you think there is any wisdom in spending all your cash on capital and stomach infrastructure at the detriment of having a buoyant reserve, then you should really go and study what happened and is currently still happening to a nation called Venezuela which applied this very idea you suggest.

This one just weak me..

Ikwokrikwo:
What about our debt?

APC and devilish statistics.

You claim to be increasing your savings, while your debt is growing at a faster rate, who are you deceiving?

Nigeria's debt also increased at a fast rate between 2010 to 2015. The only difference then was that Nigeria's oil income was also at an all time high and Nigeria's foreign reserves also dropped astronomically.

tetralogyfallot:
This administration are more interested in boosting the foreign reserve at the expense of every other thing. The question is, what is the use of money in bank account while u r feeling hungry?

Go and ask Venezuela that question. They applied this your special wisdom by eating it all (including the seeds they should have left in the reserves for planting); that's why Venezuelans are currently one of the worlds happiest people. Go figure!