₦airaland Forum

Blazetrailer:
Southerners learn what? Southern solidarity my foot!!
I dont care about Region. Buhari was a far better manager of the economy than this inept there now.
Replace with any rational being.
I'm sure any rational thinking person will be a better option than someone who makes decisions on his whims.

Buhari! A better manager?


Is this how Nigerians forget things.

The same one who used all the govt earnings and even borrowed to fund subsidy

The same one that started this crazy currency and inflation problem that is crazily difficult to arrest now.

So if Buhari presents/supports/throws his weight behind a northern candidate in 2027 and tells u that he is the solution to Nigeria's current problem, you will actually believe


No wonder our politicians get away with anything

phemray:
I can see you don't really understand the 3 men you mentioned in terms of capacity to lead and take bold decisions. All of them have results in Thier different engagements till date and it's clear to everyone on Tinubu massive achievements in decision making in private, public and politically. It's not necessary you like him. Obi can't even have a small political party or grow anyone because he didn't know anything about leadership, him and mbadinuju are the worse government of anambra by performance. But anyway, nigerians knows who is Tinubu an love him. Yes the policies are necessary but painful. he took it when others ran away from it. Las Las and very soon you will join good nigerians in celebration of Tinubu administration success.

You have left the crux of the matter to be discussing the personality of Tinubu, and you failed to mention the fact that Tinubu is a certificate forger who claimed to have attended a school four years before it was founded, a notorious narcotics drug trafficker engaging in criminal state capture. Even Reno Omokri has challenged Tinubu to charge him to court if truly he is not a known drug lord.

I shudder when i read comments like this online, it gives me the creep feeling Nigeria is doomed and can never rise again, if the citizens reason like this, swallow what comes from the government hook line and sinker, without reflecting against the truth, objective reasoning and facts from independent bodies, before regurgitating the "half truths" they read from newspapers already influenced to be propaganda mouthpieces of the government. Indeed, the people deserve the leaders they get.

This fellow mentioned that Nigeria was borrowing to pay subsidy before Tinubu stopped it by removing subsidy. The fact is the subsidy is also currently being paid by the current government and they are funding it with borrowings. In fact, the current government, by recent statistics is projected to borrow more than the last 2 governments combined at the current rate, because they need to fund the deficit budget and various supplementary budgets somehow. It is also likely, this government will return to the "Ways and Means" option when it runs out foreign borrowing options at the going rate(World Bank projections). So, what has changed? What is bold in taking a rash and stupid decision without thinking and returning back to it surreptitiously, months later?

On the devaluation, forex is still scarce(hence the high rate) and rent seeking is still on-going(there is still a thriving black market), the government is still the largest supplier of forex into the economy, and you can not freely trade USD openly. So in a way, it still not a willing buyer/willing seller thing as they claim. in fact, the IMF/World bank in March 2024 highlighted that the Nigerian government wrongly devalued the currency in June 2023/January 2024 claiming technical hitches in the method of calculation of the exchange rate(laughable reason) and that Nigeria's reforms were still not transparently carried out as implemented. This was weeks before the Finance Minister came out to justify the need for devaluation was to attract foreign investors(no foreign investor dare comes to a chaos). Currently, rent seeking is still ongoing(otherwise there wont be black market anymore) but the naira has been bastardised with no tangible benefit. So, what has changed?

However, I can tell you the effect of those decisions and what has changed or are changing soon:
1. Projected recession of the economy by the end of 2024 with no tangible expectation of any recovery back to the pre June 2023 level in sight(World bank)
2. 40% average inflation and 200% inflation in staple food items and rising(one of the highest in the world)
3. Economy is projected to shrink to the 4th largest in Africa from the 1st position by end of 2024
4.Misalignment of monetary and fiscal policies(one chasing down inflation and the other fueling inflation)
5. Increasing the number of Nigerians below poverty line to 123m by end of 2024(World bank/OECD)
6. Complete eradication of the SMEs, which are the backbone of any economy in the world

All these costs for the sake of someone making bold but thoughtless decisions in the name of a reformer. As a matter of fact, the Government of Tinubu, while asking its cistizens to sacrifice and buckle up, is on a spending spree, while accumulating fresh loans.

So what has changed

tunjilana:
Do you even know how that subsidy was maintained. The previous govt was borrowing to maintain it and using future crude sales as collateral.

Official dollar rate and parallel market was about 70% different with people profiting left right center.

While the country is in a big mess, it is important not to myopically allow people who have nothing to offer to come here to claim messiahs. Suffer no dey tire una...

Lo!!!
The current government of Tinubu is also borrowing and is projected to borrow far more than Buhari's government to correct the anomalies in his silly decisions that have led to hyper inflation and pending recession, according to World bank statistics.

Buhari might have started what began inflation, But Tinubu conflagrated it with daft, thoughtless and brash decisions that he did not know would lead to this. Last I remember, food/staple inflation was not 200% under Buhari. Buhari was also wise not to devalue the currency in an economy that imports 87% of its GDP, with little or no production. There is a reason many advance countries guard their currencies jealously. Buhari did not also allow anyone to convince him that devaluing the currency will attract foreign investors(as per current minister of Finance said). Someone who could be resolute and far thinking in decision making, despite the fact that he was not properly educated, is a better manager than the so called "master strategist" cum "accountant". In addition, Buhari did not make decisions that have the following terrible consequences.

1. Projected recession of the economy by the end of 2024 with no tangible expectation of any recovery back to the pre June 2023 level in sight(World bank)
2. 40% average inflation and 200% inflation in staple food items and rising(one of the highest in the world)
3. Economy is projected to shrink to the 4th largest in Africa from the 1st position by end of 2024
4.Misalignment of monetary and fiscal policies(one chasing down inflation and the other fueling inflation)
5. Increasing the number of Nigerians below poverty line to 123m by end of 2024(World bank/OECD)
6. Complete eradication of the SMEs, which are the backbone of any economy in the world

Yes, Buhari is a better manager than the current inept there now

tunjilana:
Buhari! A better manager?


Is this how Nigerians forget things.

The same one who used all the govt earnings and even borrowed to fund subsidy

The same one that started this crazy currency and inflation problem that is crazily difficult to arrest now.

So if Buhari presents/supports/throws his weight behind a northern candidate in 2027 and tells u that he is the solution to Nigeria's current problem, you will actually believe


No wonder our politicians get away with anything

Bobloco:
You have left the crux of the matter to be discussing the personality of Tinubu, and you failed to mention the fact that Tinubu is a certificate forger who claimed to have attended a school four years before it was founded, a notorious narcotics drug trafficker engaging in criminal state capture. Even Reno Omokri has challenged Tinubu to charge him to court if truly he is not a known drug lord.

All these are not established and you know that. If it was true it would have been proved by a court or panel of enquiry. Otherwise, these are just Tinubu political relevancy tactics for you people to keep shouting his name every election year to the world and increase popularity because they will love him more once they find out they are all lies.

Hold on! Hold on!! Don't rejoice yet
The US Superior court in Washington is set to rule in September this year whether the FBI can make public all the pages of documents on Tinubu. if that is granted, he is finished.

phemray:
All these are not established and you know that. If it was true it would have been proved by a court or panel of enquiry. Otherwise, these are just Tinubu political relevancy tactics for you people to keep shouting his name every election year to the world and increase popularity because they will love him more once they find out they are all lies.

tunjilana:
So it is all about bitterness against the realities of the options bn sold to you.

Dey play o.

Yes. Tell that to Ronu people who keep castigating Igbos and ethnic minorities in the south south. Also, tell that to Tinubu who fought alongside northerners to remove Jonathan.

One good turn deserves another.

Blazetrailer:
Hold on! Hold on!! Don't rejoice yet
The US Superior court in Chicago is set to rule in September this year whether the FBI can make public all the pages of documents on Tinubu. if that is granted, he is finished.

Lolzzz, pages of documents on Tinubu? That another popularity.

You know you lots don't read beyond nairaland and other gossip blogs


https://www.msn.com/en-xl/news/other/tinubu-files-lawsuit-against-fbi-cia-others-to-stop-release-of-us-records/ar-AA1iwS8Y

phemray:
Lolzzz, pages of documents on Tinubu? That another popularity.

senatordave1:
The entire pdp in etsako west ward 11 join APC

There is nothing like PDP in Etsako west. Right from the time of oshiomole, that place has always been APC
So there is nothing new to celebrate there

Iamzik:
Is God not wonderful?🤣🤣
Just one year ago these two were lying to Nigerians

I'm telling you! Wonderful indeed

OredoPikin:
There is nothing like PDP in Etsako west. Right from the time of oshiomole, that place has always been APC
So there is nothing new to celebrate there

In 2020,jattu ward was delivered to APC by shuaibu.pdp in total had 19,000 APC 28000 which is unprecedented...
The minister of Niger delta abubakar momoh brought the entire ward 2 and 9 of pdp to Apc