₦airaland Forum

Kosiso12:
“Tinubu’s govt inherited the worst economic challenges so far in Nigeria’s history” – APC senator



Source : https://politicsnigeria.com/tinubus-govt-inherited-the-worst-economic-challenges-so-far-in-nigerias-history-apc-senator/

benuejosh:
For the haters and emergency lovers of Nigeria and those who will be quick to call the statement blame game, let it be known that even the best countries in the world face economic challenges. Nigeria as a developing country also faces same challenges every now and then. Be rest assured, we have a captain who understand waves and know how to sail through waves to have a good arrival.

With Tinubu be at rest that the challenges are just a stepping stone to greatness as a country. Tinubu will make it happen.

benuejosh:
A mess created by Jonathan of PDP is the problem that is still counting till today. Buhari did his best in cleaning the mess. A mess of that number of years? Well, Tinubu will do the best.

Godjone:
Truth be told? Buhari really finished this country. May he never know peace wherever he is. Useless malam

Godjone:
Truth be told? Buhari really finished this country. May he never know peace wherever he is. Useless malam

Antiurchins:
The westerners are not yet serious, when they're serious they'll hit the streets with massive protests!

Kindly note that the protest must start from the West, to avoid them calling any region hater of Nigeria and Yorubas!

gammarays:
I thought Tinubu boasted He installed Buhari
He appointed 50% of Buhari cabinet

That means He inherited what he installed 🙄

APC and blame games

marlow1962:
Ok, but he also inherited embezzlement and bullet proof SUVs.

chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.

The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.

Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.

The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.

A spokesman said the president didn’t ask for a yacht and criticized coverage of the budget. The “public attack” is because of the “very simplistic way some of the line items are described by civil servants, who prepare the budget,” Temitope Ajayi said in a column posted to a local media outlet. New vehicles, he said, will be used by aides and civil servants, not Tinubu himself.

The legislature has also been slammed for buying hundreds of its own expensive SUVs.

Tinubu, who took office in May, ended a popular but costly fuel subsidy and removed currency restrictions that saw prices spike and the naira sharply devalued. That’s left many households struggling to survive in Africa’s most populous nation, where at least 40% of its more than 200 million people live in extreme poverty.

Last year, the country spent about 96% of its revenue servicing debt and the government plans to raise 9 trillion naira to help fund next year’s budget.

https://www.bloomberg.com/news/articles/2023-11-02/nigeria-budgets-for-suvs-and-yachts-amid-economic-hardship

Ategberoson:
For someone else like obi that failed Anambra for 8yrs ba?

benuejosh:
For the haters and emergency lovers of Nigeria and those who will be quick to call the statement blame game, let it be known that even the best countries in the world face economic challenges. Nigeria as a developing country also faces same challenges every now and then. Be rest assured, we have a captain who understand waves and know how to sail through waves to have a good arrival.

With Tinubu be at rest that the challenges are just a stepping stone to greatness as a country. Tinubu will make it happen.

Ofunaofu:
It's obvious that you are making this assertion out of ignorance and blind support for the APC.

Wale Edun, the current minister of finance, recently confirmed that the last time Nigeria had a stable economy was a decade ago, which was during the Goodluck Jonathan regime.

Kosiso12:
“Tinubu’s govt inherited the worst economic challenges so far in Nigeria’s history” – APC senator



Source : https://politicsnigeria.com/tinubus-govt-inherited-the-worst-economic-challenges-so-far-in-nigerias-history-apc-senator/

BitterTruth01:
Where’s that vulture meat guy always posting about darling daddy during the past 8 years

iamtoofan:
You mean the vibrant economy that made someone enter studio sing Nigeria jaga jaga
the economy must have being so inspiring

benuejosh:
For the haters and emergency lovers of Nigeria and those who will be quick to call the statement blame game, let it be known that even the best countries in the world face economic challenges. Nigeria as a developing country also faces same challenges every now and then. Be rest assured, we have a captain who understand waves and know how to sail through waves to have a good arrival.

With Tinubu be at rest that the challenges are just a stepping stone to greatness as a country. Tinubu will make it happen.