Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,878 members, 7,821,054 topics. Date: Wednesday, 08 May 2024 at 07:32 AM

Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. (328 Views)

Our Economy Will Bounce Back In Coming Months – Tinubu / Our Economy Failing Because Investors Know Buhari Not In Charge-bukola Saraki / We Have Darkness Because We Have Incompetent People Managing Our Economy-fashola (2) (3) (4)

(1) (Reply) (Go Down)

Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by sirjamesjnr(m): 1:04pm On Mar 01
The fact is that he is not to blame for our economic woes; I may not and will never consider him to be my president (someone with an identity crisis, a phoney academic background, and a wealth-acquisition mindset is not someone I will ever support), nor did I endorse him in the manner that most rational Nigerians did. In my opinion and that of other rational Nigerians, he is only in the presidency because of the electoral system's corruption and the small number of Nigerians whose opinions are determined solely by their tribe or religion.

Nigerians and our political leaders have refused to follow the example set by China, India, Singapore, Malaysia, and other countries, who have built their economies to be economically wealthy and self-sufficient through sound economic policies and decisions, for over forty years today. We are in this situation because of our over-reliance on oil exploration and its corruption, our eagerness to take out loans for consumption, and our poor and self-serving economic policies. The previous administration's deal dealt a serious blow to the already dead economy, aggravating the already chaotic situation. The system was being openly abused by them; corruption combined with tribalism and nepotism resulted in the current state of our economy. If Tinubu had not acted quickly to end the PMS subsidy and keep borrowing to keep our currency from collapsing, Nigeria would have been proclaimed "a sovereign default."


I am aware that some people will argue that he ought to have implemented economic and palliative measures prior to making the significant move. It is important to remind those people that out of 200 million Nigerians, the majority are politically gullible and unwilling to accept the consequences of their actions or inactions. A country lacks morality when its people embrace corruption at all levels. People like us oppose all good intentions unless they appease our avaricious and unfulfilled desires.

In 2012, there was a chance to steer the economy towards a more robust and stable system, but Tinubu and the majority of Nigerians once again blocked that admirable move by Dr. Ngozi Okonjo-Iweala. We should hold ourselves and Tinubu accountable for the economic crisis before he assumes the presidency because actions have consequences. Thus, when Tinubu was not holding the presidency, we could hold him accountable.

Instead of levelling accusations at Tinubu, Nigerians should advise him to reduce the cost of recurrent expenditure, appoint technocrats to oversee the economy, and be prepared to implement unpopular but sensible economic policies. Nigerians need to abandon all inclinations towards criminality and corruption, as well as their mindset towards nation-building. By consuming what we produce, we can work towards self-reliance. We should also get ready to fulfil all of our civic duties and become good citizens. Then, and only then, are we able to witness greatness.

I only hope Seun and co will not delete my thread again.
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by successmatters(m): 1:16pm On Mar 01
Yeah, let's blame Lawrence Anini cheesy

2 Likes

Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by ukzenlumbs(m): 1:16pm On Mar 01
Well, what can one do inspite of this economic woes in this country. Take a look at the exchange rate per dollar. Azin... The thing just tire people o
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by ukzenlumbs(m): 1:17pm On Mar 01
Well, what can one do inspite of this economic woes in this country. Take a look at the exchange rate per dollar. Azin... The thing just tire people o
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by LadyExcellency: 1:18pm On Mar 01
Tinubu masterminded the printing of naira. This is the reason for inflation and downfall of Naira.

Buhari printed 22 billion while Tinubu is at N8 trillion. That's paper economy we have here

Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by sirjamesjnr(m): 1:22pm On Mar 01
ukzenlumbs:
Well, what can one do inspite of this economic woes in this country.
Take a look at the exchange rate per dollar.
Azin... The thing just tire people o
By Making our leaders take accountability, find a way to balance trade by exporting more than we import, eradicate corruption, and reduce the cost of running the government.
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by sirjamesjnr(m): 1:24pm On Mar 01
LadyExcellency:
Tinubu masterminded the printing of naira. This is reason for inflation and downfall of Naira.

Buhari printed 22 billion while Tinubu is at N8 trillion. That's paper economy we have here
He as a citizen, is part of the problem, but he alone didn't cause it.
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by Naijanascam: 2:02pm On Mar 01
The gods are to be blamed
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by 123456789O: 2:03pm On Mar 01
Tinubu is the worst president any country can have.

1 Like

Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by mrvitalis(m): 2:09pm On Mar 01
sirjamesjnr:
The fact is that he is not to blame for our economic woes; I may not and will never consider him to be my president (someone with an identity crisis, a phoney academic background, and a wealth-acquisition mindset is not someone I will ever support), nor did I endorse him in the manner that most rational Nigerians did. In my opinion and that of other rational Nigerians, he is only in the presidency because of the electoral system's corruption and the small number of Nigerians whose opinions are determined solely by their tribe or religion.

Nigerians and our political leaders have refused to follow the example set by China, India, Singapore, Malaysia, and other countries, who have built their economies to be economically wealthy and self-sufficient through sound economic policies and decisions, for over forty years today. We are in this situation because of our over-reliance on oil exploration and its corruption, our eagerness to take out loans for consumption, and our poor and self-serving economic policies. The previous administration's deal dealt a serious blow to the already dead economy, aggravating the already chaotic situation. The system was being openly abused by them; corruption combined with tribalism and nepotism resulted in the current state of our economy. If Tinubu had not acted quickly to end the PMS subsidy and keep borrowing to keep our currency from collapsing, Nigeria would have been proclaimed "a sovereign default."


I am aware that some people will argue that he ought to have implemented economic and palliative measures prior to making the significant move. It is important to remind those people that out of 200 million Nigerians, the majority are politically gullible and unwilling to accept the consequences of their actions or inactions. A country lacks morality when its people embrace corruption at all levels. People like us oppose all good intentions unless they appease our avaricious and unfulfilled desires.

In 2012, there was a chance to steer the economy towards a more robust and stable system, but Tinubu and the majority of Nigerians once again blocked that admirable move by Dr. Ngozi Okonjo-Iweala. We should hold ourselves and Tinubu accountable for the economic crisis before he assumes the presidency because actions have consequences. Thus, when Tinubu was not holding the presidency, we could hold him accountable.

Instead of levelling accusations at Tinubu, Nigerians should advise him to reduce the cost of recurrent expenditure, appoint technocrats to oversee the economy, and be prepared to implement unpopular but sensible economic policies. Nigerians need to abandon all inclinations towards criminality and corruption, as well as their mindset towards nation-building. By consuming what we produce, we can work towards self-reliance. We should also get ready to fulfil all of our civic duties and become good citizens. Then, and only then, are we able to witness greatness.

I only hope Seun and co will not delete my thread again.

You obviously have deficiency in basic economics then

1 Like

Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by sirjamesjnr(m): 2:19pm On Mar 01
mrvitalis:

You obviously have deficiency in basic economics then
Well, why not lecture me, please?
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by sirjamesjnr(m): 2:32pm On Mar 01
mrvitalis:

You obviously have deficiency in basic economics then
Was Tinubu responsible for printing and distributing Naira?
Did Tinubu oppose the diversification of our economy?
Was Tinubu the one who suggested that Nigerians and our bank engage in round-tripping forex?
Was it Tinubu who disapproved of candidates who could get us out of this wood?
Yes, of the 200 million Nigerians, Tinubu is the only one who is corrupt.
It will benefit us all if we accept responsibility as soon as possible.
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by mrvitalis(m): 2:51pm On Mar 01
sirjamesjnr:
Was Tinubu responsible for printing and distributing Naira?
Did Tinubu oppose the diversification of our economy?
Was Tinubu the one who suggested that Nigerians and our bank engage in round-tripping forex?
Was it Tinubu who disapproved of candidates who could get us out of this wood?
Yes, of the 200 million Nigerians, Tinubu is the only one who is corrupt.
It will benefit us all if we accept responsibility as soon as possible.
We are here right now because there is no believe on the naira that's the cause of this economic issue

Even with the 30 trillion printed naira should be max 900 to a dollar now

Floating an unstable currency just like that is the cause of what we are facing
If you don't know economics say so

1 Like

Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by Bobloco: 2:59pm On Mar 01
sirjamesjnr:
The fact is that he is not to blame for our economic woes; I may not and will never consider him to be my president (someone with an identity crisis, a phoney academic background, and a wealth-acquisition mindset is not someone I will ever support), nor did I endorse him in the manner that most rational Nigerians did. In my opinion and that of other rational Nigerians, he is only in the presidency because of the electoral system's corruption and the small number of Nigerians whose opinions are determined solely by their tribe or religion.

Nigerians and our political leaders have refused to follow the example set by China, India, Singapore, Malaysia, and other countries, who have built their economies to be economically wealthy and self-sufficient through sound economic policies and decisions, for over forty years today. We are in this situation because of our over-reliance on oil exploration and its corruption, our eagerness to take out loans for consumption, and our poor and self-serving economic policies. The previous administration's deal dealt a serious blow to the already dead economy, aggravating the already chaotic situation. The system was being openly abused by them; corruption combined with tribalism and nepotism resulted in the current state of our economy. If Tinubu had not acted quickly to end the PMS subsidy and keep borrowing to keep our currency from collapsing, Nigeria would have been proclaimed "a sovereign default."


I am aware that some people will argue that he ought to have implemented economic and palliative measures prior to making the significant move. It is important to remind those people that out of 200 million Nigerians, the majority are politically gullible and unwilling to accept the consequences of their actions or inactions. A country lacks morality when its people embrace corruption at all levels. People like us oppose all good intentions unless they appease our avaricious and unfulfilled desires.

In 2012, there was a chance to steer the economy towards a more robust and stable system, but Tinubu and the majority of Nigerians once again blocked that admirable move by Dr. Ngozi Okonjo-Iweala. We should hold ourselves and Tinubu accountable for the economic crisis before he assumes the presidency because actions have consequences. Thus, when Tinubu was not holding the presidency, we could hold him accountable.

Instead of levelling accusations at Tinubu, Nigerians should advise him to reduce the cost of recurrent expenditure, appoint technocrats to oversee the economy, and be prepared to implement unpopular but sensible economic policies. Nigerians need to abandon all inclinations towards criminality and corruption, as well as their mindset towards nation-building. By consuming what we produce, we can work towards self-reliance. We should also get ready to fulfil all of our civic duties and become good citizens. Then, and only then, are we able to witness greatness.

I only hope Seun and co will not delete my thread again.




Why are you taking Panadol for Tinubu's headache

Tinubu himself has said he caused this economic woes

1 Like

Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by sirjamesjnr(m): 3:03pm On Mar 01
mrvitalis:

We are here right now because there is no believe on the naira that's the cause of this economic issue

Even with the 30 trillion printed naira should be max 900 to a dollar now

Floating an unstable currency just like that is the cause of what we are facing
If you don't know economics say so
He can either float the naira and free us from generational debts, or he can borrow to support it. Even though he may not be the best candidate for the job, he made the controversial but sensible decision.
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by sirjamesjnr(m): 3:04pm On Mar 01
Bobloco:




Why are you taking Panadol for Tinubu's headache

Tinubu himself has said he caused this economic woes
yes as Nigerian president, he has to take responsibility something the citizens are not willing to
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by Bobloco: 3:11pm On Mar 01
sirjamesjnr:
yes as Nigerian president, he has to take responsibility something the citizens are not willing to

So why are you creating this thread

And how did the citizen cause this economic woes

1 Like

Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by mrvitalis(m): 4:15pm On Mar 01
sirjamesjnr:
He can either float the naira and free us from generational debts, or he can borrow to support it. Even though he may not be the best candidate for the job, he made the controversial but sensible decision.

And who told you he floated the naira?

Do you even know what floating is?
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by aariwa(m): 4:17pm On Mar 01
Saying Tinubu won is like trying to make Nigerians look stupid to the world . If Mahmoud had done the right thing, either Obi or Atiku would have won the elections

1 Like

Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by Chicagograduate(m): 4:27pm On Mar 01
sirjamesjnr:
The fact is that he is not to blame for our economic woes; I may not and will never consider him to be my president (someone with an identity crisis, a phoney academic background, and a wealth-acquisition mindset is not someone I will ever support), nor did I endorse him in the manner that most rational Nigerians did. In my opinion and that of other rational Nigerians, he is only in the presidency because of the electoral system's corruption and the small number of Nigerians whose opinions are determined solely by their tribe or religion.

Nigerians and our political leaders have refused to follow the example set by China, India, Singapore, Malaysia, and other countries, who have built their economies to be economically wealthy and self-sufficient through sound economic policies and decisions, for over forty years today. We are in this situation because of our over-reliance on oil exploration and its corruption, our eagerness to take out loans for consumption, and our poor and self-serving economic policies. The previous administration's deal dealt a serious blow to the already dead economy, aggravating the already chaotic situation. The system was being openly abused by them; corruption combined with tribalism and nepotism resulted in the current state of our economy. If Tinubu had not acted quickly to end the PMS subsidy and keep borrowing to keep our currency from collapsing, Nigeria would have been proclaimed "a sovereign default."


I am aware that some people will argue that he ought to have implemented economic and palliative measures prior to making the significant move. It is important to remind those people that out of 200 million Nigerians, the majority are politically gullible and unwilling to accept the consequences of their actions or inactions. A country lacks morality when its people embrace corruption at all levels. People like us oppose all good intentions unless they appease our avaricious and unfulfilled desires.

In 2012, there was a chance to steer the economy towards a more robust and stable system, but Tinubu and the majority of Nigerians once again blocked that admirable move by Dr. Ngozi Okonjo-Iweala. We should hold ourselves and Tinubu accountable for the economic crisis before he assumes the presidency because actions have consequences. Thus, when Tinubu was not holding the presidency, we could hold him accountable.

Instead of levelling accusations at Tinubu, Nigerians should advise him to reduce the cost of recurrent expenditure, appoint technocrats to oversee the economy, and be prepared to implement unpopular but sensible economic policies. Nigerians need to abandon all inclinations towards criminality and corruption, as well as their mindset towards nation-building. By consuming what we produce, we can work towards self-reliance. We should also get ready to fulfil all of our civic duties and become good citizens. Then, and only then, are we able to witness greatness.

I only hope Seun and co will not delete my thread again.

The same Tinubu told Nigerians to be patient with him.
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by StarRida: 4:51pm On Mar 01
Tinubu's Government will not work any president that runs his administration on propaganda and lie and dishes out ministerial appointment for compensation and not by merits can never work
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by badoh(m): 6:20pm On Mar 01
mrvitalis:

We are here right now because there is no believe on the naira that's the cause of this economic issue

Even with the 30 trillion printed naira should be max 900 to a dollar now

Floating an unstable currency just like that is the cause of what we are facing
If you don't know economics say so
Do you have enough forex to keep defending the naira? Are you saying the country should keep borrowing so it can be used to defend the naira and maintain subsidy? How do you repay these debts that are piling up?
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by mrvitalis(m): 6:28pm On Mar 01
badoh:

Do you have enough forex to keep defending the naira? Are you saying the country should keep borrowing so it can be used to defend the naira and maintain subsidy? How do you repay these debts that are piling up?
Our trade balance have always been positive

Do defending the naira has never been the issue

Tinubu created demand for dollars where there was no demand by his unguarded speech about floating the naira

Had 18 million I converted to dollars even though there was absolutely no need to other than preserve value
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by ukzenlumbs(m): 6:35pm On Mar 01
sirjamesjnr:
By Making our leaders take accountability, find a way to balance trade by exporting more than we import, eradicate corruption, and reduce the cost of running the government.

If only some unscroppulus elements would just let us be...
Re: Bola Ahmed Tinubu Is Not The Reason For Our Economy Woes. by sirjamesjnr(m): 7:28pm On Mar 01
Bobloco:


So why are you creating this thread

And how did the citizen cause this economic woes



As an example, let me use myself. After Tinubu took office, I converted all of my savings to dollars. To my surprise, when I converted those dollars back to naira, my savings increased threefold. Politicians and wealthy Nigerians, as well as many of my friends, also took this action. Economics are being sabotaged just by this. Round-tripping forex is practiced by banks and affluent Nigerians. Almost all Nigerians are born with a corrupt family. Both drink and eat it.

(1) (Reply)

FG Soon To Start Producing Military Hardwares At Ajaokuta Steel Company / Nigeria: 36 Incompetent Governors? / Photo: Osinbajo, Rwanda President, Paul Kagame, Others At World Economic Forum

(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. 61
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.