Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,205,003 members, 7,990,765 topics. Date: Friday, 01 November 2024 at 12:06 AM |
Nairaland Forum / Nairaland / General / Politics / Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians (33895 Views)
Don’t Elect Incompetent Leaders, Sanusi Tells Nigerians / Nigeria Will Be History, If Igbo Youths Picks Arms-lamido Sanusi Tells FG / 2019: EU, US, UK & Saudi Arabia Ask Buhari Not To Contest; APC Considers Kingibe (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by Bondes: 8:16am On Feb 12 |
Same you say make we blame Goodluck that year....Oga you sef dey part of the wahala. |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by alcuin(m): 8:17am On Feb 12 |
Chikpat: And you are? Between your opinions and Sanusi, who do you think we should believe? Are you telling us you know better than a former CBN governor on economic matters? |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by Chikpat(m): 8:23am On Feb 12 |
alcuin: "The best his senseless supporters, in the midst of these hard realities can do is to live in a fool's paradise, wear blinders and clutch at straws." "Anybody who quotes me to defend nonsense in this failed presidency is as thick as two short planks, a few cards short of a full deck." |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by morgstreme: 8:25am On Feb 12 |
killsmith: Sanusi is invariably talking to eediots like you with no grasp of English Comprehension.. |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by debeginin(m): 8:26am On Feb 12 |
Chikpat: 1 Like 1 Share |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by morgstreme: 8:26am On Feb 12 |
Islie: Buhari s mistake was allowing the PDP CBN GOVERNOR to continue.. |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by condralbedez: 8:27am On Feb 12 |
But vulturebbqgrills and the darling daddy's crews said that Buhari is the best thing that has ever happened to this Country, manna e no go better for you, caused soul. |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by Rumundele(m): 8:27am On Feb 12 |
This man don broke o. This is how to spot them. |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by Honlucas: 8:30am On Feb 12 |
abhosts: This statement just show you have nothing upstairs. Before Buhari left he already sign the removal of subsidy since 2022 to be effective May , June last year |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by sulaak(m): 8:30am On Feb 12 |
abhosts: Buhari said the subsidies was stealing but kept them for eight years. Nigeria was borrowing to fund the subsidies, so Nigeria's debt is now $51 billion against an income of $30 billion. Buhari government printed N30 trillion in Nigeria as part of the Ways and Means programme, which was against the Nigerian constitution. In the economy, printing money always leads to inflation. What Sanusi was telling Northern Nigerians was what he had said before: the Buhari government was operating a corrupt economy that encouraged arbitrage of the economy, allowing the well-connected "cabal" to buy the Naira at N400 and sell it at N700 when it street value value was N1000. |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by windvane(m): 8:32am On Feb 12 |
jmoore:you meant to say 500 million!!!what were you expecting?200k? |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by marenkurz: 8:34am On Feb 12 |
If everything works well and nature was kind. The best anybody could turn this around it 6 years. It took over 40 years to destroy Nigeria and you think anyone can fix it in one year. Be serious. Paraman: |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by theredaddy: 8:39am On Feb 12 |
datola: Okay we agree subsidy must go but that should have being done with pro active measures in place, that is the biggest mistake Tinubu made Floating the naira was a right move at the wrong time, subsidy removal and floating the naira are two strong pillers that no reasonable govt will pull out without an hydraulic semblance to stand in for instance, if a car tyre is bad you must take it out but not without measures like putting stones at other tyres, loosen the nuts a bit before winding the car up with hydrualic jack ... now imagine a scenerio you want to remove two bad tryres at the same time ... you will definitely need another jack or big wood to bear the car weight .. All these measures must come pro active, however there is no justification for the hyper inflation in the country except govt incompetence 2 Likes |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by toujurs: 8:40am On Feb 12 |
Look at this idiot. What's he doing, would he have said this if buhari was in power. 1 Like |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by abhosts(m): 8:50am On Feb 12 |
Honlucas: I don't blame you. How can I expect an oluwole/quota system graduate like you to know the meaning of a Supplementary Budget? Who told you that a new president must be bound by budget provisions or constraints of his predecessor even in the same fiscal year? Arguing with dullards like you can make somebody lose IQ points. |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by udemzyudex(m): 8:50am On Feb 12 |
This man should keep quiet before he loses the respect people still have for him. 1 Like |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by Raynald: 8:51am On Feb 12 |
Yes we know its the aftermath of Buhari incompetence that's we experiencing now but nonetheless, if Tinubu was a good President, He will manage it better than what it is right now |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by Angrymode: 8:53am On Feb 12 |
Sanusi should should close his mouth on this one. Is Tinubu himself blaming Buhari directly? No. When Tinubu himself is leaving Buhari to blame GEJ, Obi and Atiku, you want us to blame Buhari? We are all rightly blaming Tinubu for stealing vehicle that he doesn't he doesn't have clue on how to drive. 1 Like |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by abah001: 8:56am On Feb 12 |
Meaning blame APC? |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by abobote: 8:59am On Feb 12 |
Tinubu is the president not Buhari. Moreover he said he will continue from where Buhari stopped |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by munaco: 9:01am On Feb 12 |
The same sanusi that was blaming Jonathan, didn't blame buhari for 8 years and now Tinubu is there, he immediately started blaming Buhari. |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by omohayek: 9:05am On Feb 12 |
Onuimo1:Where exactly was Tinubu supposed to get the money from to "put in place to cushion the effects"? You already read that the reason Tinubu was forced to (partially) remove the subsidy in the first place was because the FG could no longer afford it! Did you not bother to read where Sanusi said debt servicing was already eating up nearly 100% of government revenues? The harsh reality is that Nigeria is broke, and international interest rates have skyrocketed since Buhari went on his 8-year borrowing spree. Nobody was going to lend money to Nigeria to squander on a foolish subsidy scheme whose biggest beneficiaries were smugglers and the citizens of other ECOWAS countries. The only other source of funding left without raising taxes is simply to hope you can print more money faster than people can demand higher wages and "palliatives", and this attempt to paper the cracks through printing more money is what is causing the skyrocketing inflation we are seeing right now. There is no magic wand that could have prevented hard times from befalling Nigerians. If Xi Jinping in China and Joe Biden in the USA can't shield their people from higher interest rates, it isn't the president of a dirt-poor Third-World country who can manage the feat. Nigerians would still be facing hard times right now even if Tinubu and all his cabinet members had Nobel Prizes in economics, and neither Obi nor Atiku could have done any better in providing "palliatives" without accelerating inflation. If Tinubu is to be faulted, it is for his institution of half-measures that will needlessly prolong this crisis, out of a fear of public backlash. Despite all the moaning and groaning on here, Tinubu has not really abolished the petrol subsidy, he just (temporarily) reduced the amount, and with inflation accelerating, the scale of the subsidy is ballooning once again because petrol prices have not been deregulated. Tinubu has not allowed Cardoso to raise interest rates to a level that will curb inflation and draw foreign investment. Finally, Tinubu has not made any serious effort to reduce the FG's wage bill by launching an ambitious privatization programme. All of these things are vital to restore investor confidence and kickstart growth, and Tinubu knows they are necessary, but he is so paralyzed by fear of even worse public reaction that he has now settled into tinkering here and there instead of giving Nigeria the strong medicine it needs - and yet ignoramuses like you whine endlessly as if he had a magic wand that could painlessly solve all your problems overnight. 5 Likes 3 Shares |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by lexy2014: 9:19am On Feb 12 |
Paraman: who put us in this mess that you Tinubu wants to get us out of? |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by phemray(m): 9:21am On Feb 12 |
abhosts: That means he is starting from ground zero. They should have done that immediately after the military regime, by now all will be fine and the youth of today will not see buying and selling of dollars as business or job, But they didn't. All past president knows talk about it but didn't have the mind to take the move. |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by lexy2014: 9:24am On Feb 12 |
omohayek: how is the subsidy a foolish scheme? how is Nigeria broke? if Tinubu does not have "a magic wand that could painlessly solve all your problems overnight", then what was he shouting "emilokan" for? how was Tinubu "forced" to partially" remove subsidy? how is " this attempt to paper the cracks through printing more money what is causing the skyrocketing inflation we are seeing right now"? |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by puremaker7(m): 9:25am On Feb 12 |
HeroicMeastro:Were you in coma when Tinubu said he installed Buhari? |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by Moneyyman: 9:28am On Feb 12 |
We will blame the both of them. Tinubu kept quiet when Buhari was running the country to the ground simply because he didn't want to jeopardize his chances of becoming president. They're from the same evil stock and bong to that cult called APC that has successfully destroyed every good thing in Nigeria, impoverished the common man, and pushed the country backward by 50 years. We will blame all of them, all of you, and every other evil person involved! |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by lexy2014: 9:29am On Feb 12 |
datola: why did subsidy have to go? what is the implication of subsidy going and how has Nigeria fared better because subsidy has gone? what are the "reasonable decisions" you Tinubu took and how are they reasonable decisions? are you telling me that the reason decided to use crude oil to obtain loans was specifically and only because he wanted to pay subsidies and defend the naira? can you produce any evidence to back up your claim? |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by lexy2014: 9:31am On Feb 12 |
sulaak: how does printing money lead to inflation? do you have any evidence that Buhari borrowed money just strictly for the purpose of funding subsidies? |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by lexy2014: 9:32am On Feb 12 |
morgstreme: how was that a mistake and who was the PDP CBN governor? |
Re: Blame Buhari Not Tinubu For Economic Hardship, Sanusi Tells Nigerians by zoghys: 9:41am On Feb 12 |
Solsix: Your day father iQ is low |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
Do You Think Segun Oni Really Deserves This Kind Of Insult From Governor Fayose? / Gov Fashola Meets Mbu, Assistant Inspector General Of Police(Photo) / Nigeria Will Be Destroyed If Buhari Doesn't Win Second Term – BCO
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 75 |