Moniya4Real:

Of cy, life was better i agree but not good as well compared to his predecessors’s .

nairalanda1:


Between 2010-14, oil prices were sky high. That's why our GDP then was higher than it is now.

BY 2014, oil prices began falling, by the last days of GEJ , we was borrowing to pay salaries then.

So, the economy was not better under PDP. It was the effect of high oil prices.


BUT....

That does not excuse Buhari and tinubu.

Buhari in 2015 had two things that he needed to do...remove subsides, and float the naira. HE DID NEITHER. He also did not raise tax to gdp.

Here we are.

Also, Nigeria should have had a gdp of over a trillion dollars or more since 2009. That it did not ...shows how badly our economy was run.

If Jona had also removed subsides and floated the naira ...by 2014, that GDP would have been in excess oor even close to 1 trillion dollars or more

Our economy has always been sick because it relies on oyel money price.

OriOko88:

Jonathan was a puppet. He didn't do anything special. He met a very robust Obj era economy. I don't rate him atal. He shud have tried all possible best to ensure pdp remained in power. An hausa or Yoruba president at that time will never relinquish power in such way. This is Africa!! Maximum respect to Obj.

APC saw Jona to be a weak vessel and used propaganda to destroy him. Nonsense.

Beverlyjean:


Jonathan was gradually locking loopholes that corrupt politicians were using to accumulate dangerous wealth.... it was under Jonathan that for the first time subsidy thieves were being investigated and arrested ... the corrupt political class came together to knock him out so that they can continue their evil ways ... Jonathan was the first to declare the end of subsidy payment in 2012 and proposed that fuel will be sold at 148 naira per litre.... the same politicians ( Tinubu , Buhari and the rest ) all fought against it , they used the media , grounded the economy.... Tinubu used his hold on lagos to ground the economy and there was a nationwide strike and that crippling the economy...the man had to reverse his decision due to pressure .... b4 APC ,u hardly heard of fraud running into billions... infact, Dasuki that was arrested and thrown in jail for years , was because of 2biliion naira ... now seems like every fraud case by politicians in the country runs in billions

Racoon:
The APC gate crashing into our national life is the most unfortunate thing that ever happened to this nation.

OriOko88:

Jonathan was a puppet. He didn't do anything special. He met a very robust Obj era economy. I don't rate him atal. He shud have tried all possible best to ensure pdp remained in power. An hausa or Yoruba president at that time will never relinquish power in such way. This is Africa!! Maximum respect to Obj.

APC saw Jona to be a weak vessel and used propaganda to destroy him. Nonsense.

Beverlyjean:
We had Jonathan that was progressing the nation...but the SW and North combined to destroy us... SW used propaganda with pure undiluted lies while North used insecurity...look at where we have found ourselves today

ThatFairGuy1:
Chief propagandist, Chief wailer.

Give Tinubu time racoon, he's less than a year on seat and getting it right.

The best thing to do is you helping your wife out.
That woman has tried fending for the family while you waste away on Nairaland 24/7.

Get something doing racoon, help your wife. She has tried enough.

You registered this account in 2018 and you have spent a whole 1 year, 3 months online.

Doing what racoon?
Pity your wife nah

Racoon:

The APC gate crashing into our national life is the most unfortunate thing that ever happened to this nation.

Paraman:
It's
So the NBS do release GDP figures in US dollar?

TheAdvocate:


It's International Monetary Fund (IMF) not NBA.

Beverlyjean:
We had Jonathan that was progressing the nation...but the SW and North combined to destroy us... SW used propaganda with pure undiluted lies while North used insecurity...look at where we have found ourselves today

Procashtips:


Towards the end of Jonathan's tenure, Okonjo came to tell the world that Jonathan govt was borrowing to pay salaries. (Verify this online)
This is a govt that enjoyed a doubled crude oil prices for years.

Other abnormalities happened under him, they're all documented.

Don't forget that Buhari also paid subsidy on fuel and electricity even though he didnt earn up to 1/3 of what Jonathan earned crude oil wise.

Abnormalities happened under Buhari too but It's this Tinubu thats the worst so far.

Everything happening to Nigeria now was caused by his utterances and policies. Nothing else.

monex:


you all protested against the removal of subsidies then. it was still going to take petrol price to less than 200

monex:


you all protested against the removal of subsidies then. it was still going to take petrol price to less than 200

Lithiumite:
pls remind them how much crude was selling during GEJ as against PMB and BAT.

zoraro:


Are you stupid ? Someone grew the economy from $369.06bn in 2010 to $568.49bn in 2014, and you say "He didn't do anything special". APC were ready to burn the country in 2014/2015, and you say He shouldn't have relinquished power.

OfoIgbo:


GEJ's government did earn the right to borrow after all he made the Nigerian economy the largest in Africa.

And btw, according to the link which I have pasted, the price of crude oil was noticeably higher during Buhari's term than during OBJ and Yaradua's term. Yet those two presidents outdid every APC president and they both were paying subsidies on fuel and electricity.

You also claimed that the price of oil during GEJ's period was outrageously pricier than during Buhari and Tinubu's government. The graph in the link doesn't support this your assertion. Oil price took a nosedive during the commencement of the Corona epidemic in April, but by May the price of oil had already started rising steeply.

Let us also not loose focus on the fact that the Nigerian economy was performing woefully even before the covid19 epidemic, so Buhari and Tinubu have no excuses.

https://www.macrotrends.net/1369/crude-oil-price-history-chart

Freethinker87:
The economy is not sentimental, and for every poor political or economic decision Nigerians make, there will be an equal or exponential reaction.

When we WAILED about President Buhari's absent WAEC certificate, his camp responded by saying “Even if he shows us a NEPA bill, we’ll still vote for him.” The market's reaction to this was two recessions and 18.8 million people losing their jobs.

When we WAILED about Chief Tinubu's absent WAEC certificate and questionable educational background, his camp responded by saying “E mi lokan - he has been preparing to be President for 30 years and is the most prepared candidate.” The market's reaction to this irrationality and the imposition of an illegitimate President on Nigerians was a 50% loss in Nigeria's GDP and 60 million Nigerians driven into multi-dimensional poverty.

There is still more to come from Tinubu, as there are 7 more years to go, after which there will be 8 years of the boko haram sympathizer Shettima, followed by another 8 years of Tinubu's wayward son, Seyi.

Racoon:
This should clear the doubts of all especially the mummified zombies hailing a government that have destroyed every progress that this nation has ever made including the economy.

OfoIgbo:


The difference is not much.

In fact, Buhari enjoyed a higher price of oil than OBJ and Yaradua, and yet the economy under OBJ and Yaradua are better than the economy under both Buhari and Tinubu.

The oil price during Tinubu era was much more than the price during OBJ and Yaradua's tenure

The oil price during GEJ's era is just slightly about the oil price in Tinubu's era, yet Tinubu's economy is nowhere near OBJ and Yaradua that had lower oil prices during their eras. Also don't forget that Tinubu has removed the fuel subsidy, so he should have more, in terms of cash for development

Check this

https://www.macrotrends.net/1369/crude-oil-price-history-chart

Statistics don't lie

Lithiumite:


Then why wasn't GEJ Nigeria better than his predecessors..... look at oil production levels pre GEJ....intact we haven't ever gotten production level back up to what it was then.