₦airaland Forum

Chikel20000:
yes there was

nope. A bag of rice was less than 20k under buhari.

omohayek:
As usual, all the same old trolls and dimwits rush to post their inane personal attacks on Tinubu and tribalistic nonsense about "ronus", but the whole lot can't demonstrate they share a single working braincell between them. None of them can say how exactly Saint Peter Obi (aka the Messiah from Anambra) would have done any better to handle the situation, so sure are they that Obi must be better simply by virtue of being their "kinsman".

Here's a challenge for all you empty barrels with your endless insults: share with us how any leader is supposed to square the circle of rising worldwide interest rates, low oil revenues and low taxation with huge expenses on petrol and electricity subsidies.

Hmmm, well not all of us are dumb. While you're all dwelling on the RESULTS and CONSEQUENCES, some of us have been pointing out SOLUTIONS since as far back as 2010. The real failure of Buhari, Tinubu and APC started waaay back then with the Occupy Nigeria protests. Any criticism of the present phase of the Nigeria Crisis must deal with that.

(1) When President Jonathan tried to abolish fuel subsidies in Jan 2012, Bola Tinubu and Muhammadu Buhari whipped up fervent opposition and paralyzed Nigeria with riots and strikes. These two statesmen actually told Nigerians "there is nothing like fuel subsidy, fuel subsidy doesn't exist".

President Jonathan said it at the time...and I have the saved article....that the Nigerian economy will collapse within 3 years if fuel subsidy was retained.

(2) Later in 2013, Bola Tinubu wrote at least two major newspaper policy articles or policy statements recommending that Nigeria should engage in massive money printing to provide "counter cyclical" stimulus to the Nigerian economy. Again, I have saved these articles and quoted them at length on Nairaland.

The then Finance Minister Ngozi Iweala replied with her own articles in major newspapers, warning that such an approach would generate inflationary pressures.

(3) We now know that both Buhari and Tinubu chose to print and borrow money to pay for their promises to the Nigerian people. And this has resulted in the protracted crisis we're facing today. President Tinubu himself presided over the printing of 2.7 Trillion naira between June 2023 and Dec 2023. That is public data supplied by the CBN.

SUMMARY - @omohayek, you're correct in the sense that Peter Obi would have been as constrained as President Tinubu. But make no mistake about it, it was Buhari, Tinubu and APC that long ago created the constraints with Occupy Nigeria and massive increases in money supply .

You and those you claim are dumb are all dealing with effects instead of grappling with the root causes that could point us all to the rational solutions you demand...difficult as those solutions may be. I have repeatedly outlined THE SOLUTIONS to the Nigeria Crisis. My overall point right now in response to you is that this didn't have to happen...it didn't have to be this way in the first place.

<sigh>

Good Luck to Nigeria.

IbeOkehie:
Hmmm, well not all of us are dumb. While you're all dwelling on the RESULTS and CONSEQUENCES, some of us have been pointing out SOLUTIONS since as far back as 2010. The real failure of Buhari, Tinubu and APC started waaay back then with the Occupy Nigeria protests. Any criticism of the present phase of the Nigeria Crisis must deal with that.

(1) When President Jonathan tried to abolish fuel subsidies in Jan 2012, Bola Tinubu and Muhammadu Buhari whipped up fervent opposition and paralyzed Nigeria with riots and strikes. These two statesmen actually told Nigerians "there is nothing like fuel subsidy, fuel subsidy doesn't exist".

President Jonathan said it at the time...and I have the saved article....that the Nigerian economy will collapse within 3 years if fuel subsidy was retained.

(2) Later in 2013, Bola Tinubu wrote at least two major newspaper policy articles or policy statements recommending that Nigeria should engage in massive money printing to provide "counter cyclical" stimulus to the Nigerian economy. Again, I have saved these articles and quoted them at length on Nairaland. You and those you claim are dumb are all dealing with effects instead of grappling with the root causes that could point us all to the rational solutions you demand...difficult as those solutions may be. I have repeatedly outlined THE SOLUTIONS to the Nigeria Crisis. My overall point right now in response to you is that is that this didn't have to happen...it didn't have to be this way in the first place.

Just as I stated in the previous post, he supported Buhari in 2015. See why I say you shouldn't describe Buhari's supporters as intelligent? The refusal to accept that Buhari was a mistake is why Tinubu will win again in 2027. This was how some of Tinubu's so-called intellectwat supporters on Nairaland leapt for joy when he appointed Wale Edun and Olayemi Cardoso. Today, the economy has worsened. Good thing Jonathan isn't blamed again as it was during Buhari's tenure.