₦airaland Forum

Solseal007:
■ Actually I watched it live, he really lambasted the country leaders, that part is not stated

Nigerians like to wallow instead in ignorance!

nedekid:
■ IMF and world bank, all tools of the colonialist to keep people in generational poverty. No country ever prospered taking their advice. IBB made the mistake of listening to them and implementing SAP with heavily devastated our economy in the 80s, other rejected their lepros fingers, Obj, yar adua, Jonathan even buhari. But Abrakadabra, blablablu did otherwise. Look at all the blinders, you will see footprints of world bank and IMF. Some people complained that he would be easily manipulated by western powers due to him being politically exposed, kompromat etc. Some know he is heavily invested in their country and his assets could be used as blackmail.
Have you not wondered why we were almost lead to war with Niger? Likely under instructions of a foreign power in whose country he is currently "relaxing".
Imagine 15 more years!

Can you post evidence that IBB in fact implemented the SAP-suggested Reforms?

helinues:
Toh

You get job?

Whenever these Bretton woods organizations urge you on know that you are on the path of total collapse abi are they not the people that recommended SAP that Nigeria has not been able to recover from after more than 30yrs?
How many people will remain after the so-called 15yrs of hardship/reforms?

musicwriter:
So, why is he/she responding on your behalf?

I honestly don't know that lunatic. You can ask he or she. I also don't agree with his or her views.

omoranmilowo:
You are joking bro. You are one of the people misleading and decieving our government. So Masses will be in this T
- pain for the next 15 years while governors senators and president will be collecting millions every month and civil servants will be collecting 70k. So the pains is for the masses and you called this a reform. You are drunk before attending this meeting. Idiot.

The ones that have been deceiving you are instead your own government who have till we speak not even beneficially implemented a single one of the recommendations from the World Bank on this.

themanderon:
Whenever these Bretton woods organizations urge you on know that you are on the path of total collapse abi are they not the people that recommended SAP that Nigeria has not been able to recover from after more than 30yrs?
How many people will remain after the so-called 15yrs of hardship/reforms?

Can you provide evidence of the SAP-related reforms that were in fact implemented in Nigeria beginning from the time IBB was in office?

Your government pulled the wool over your heads and then blamed it all on SAP, and over 30 years later, you lot continue to parrot the same fraud as though the truth. Una no see how una own problem get K-leg?

DeepSight:
I honestly don't know that lunatic. You can ask he or she. I also don't agree with his or her views.

@moderators

Kobojunkie and DeepSight are one and the same person! I've caught him/her red-handed responding to me with both accounts by mistake. You can easily verify this via IP logs and remove one account. I won't reply to either of the accounts until this is done

ElSudani:
We have enough myopic people in Nigeria to make sure the reforms are truncated. We will then go back to square one and and start another decades of beating around the bush.

Myopic people aside has your government successfully implemented any of the reforms on the list as we speak?

The World Bank lol

Kobojunkie:
Can you provide evidence of the SAP-related reforms that were in fact implemented in Nigeria beginning from the time IBB was in office?

Your government pulled the wool over your heads and then blamed it all on SAP, and over 30 years later, you lot continue to parrot the same fraud as though the truth. Una no see how una own problem get K-leg?

Get lost!!! I don't have your time this night.

musicwriter:
@moderators

Kobojunkie and DeepSight are one and the same person! I've caught him/her red-handed responding to me with both accounts by mistake. You can easily verify this via IP logs and remove one account. I won't reply to either of the accounts until this is done

Joker.

Angrymode:
I don't know of any bank that genuinely wants the interest of their clients. World Bank is no different!

Banks actually work for you if they know you are in fact willing to form a beneficial and lasting relationship with them. World bank is no different. Nigeria, however, does not seem to want to do anything in the interest of its people. So, that poses a problem for a bank knowing that chances are high that Corruption in Nigeria will continue to guzzle up over 90% of the funds it releases leaving the bank with a debt likely unserviced in the end.

biggie73:
Nigeria has had her so called reform since 1989. What a rogue state headed by Mr. Daju (Mean).

Which of the reforms since 1989 were in fact implemented in Nigeria?

DeLaRue:
Hmm...

I was thinking 5 - 7 years.

The critical thing is going to be the President that succeeds Mr Tinubu.

If that President doesn't keep up with these reforms or reverses them, then all the benefits of the reforms we lost and the consequences could be worse than we are seeing now.

abeg, which dirty reform Una Dey talk about?

Una Dey mad?

NwaNimo1:
https://punchng.com/nigeria-must-sustain-15-years-of-reforms-to-ensure-impact-world-bank/

World Bank is one of the most evil organizations on the planet...they keep lending Nigeria money for the leaders to steal and transfer it all back to them, and then they come and talk about reforms, subsidy removals and currency devaluation

Satanic people

Kobojunkie:
China and Singapore actually have implemented to various degrees many of the same reforms suggested by the World Bank and IMF. Stop spreading misinformation.

"Just did what IMF and World bank said" is what I said. Read slowly again. And if they did that, it isn't because IMF suggested it to them. Name one one country that ever attained first world status by impoverishing it's people, jerking up taxes and removing subsidies? That has always been IMF's formula. Even when Mao Zedong was implementing the Great leap forward, it was about drifting towards massive industrialisation not just enforcing austerity measures without a plan.

DeLaRue:
Hmm...

I was thinking 5 - 7 years.

The critical thing is going to be the President that succeeds Mr Tinubu.

If that President doesn't keep up with these reforms or reverses them, then all the benefits of the reforms we lost and the consequences could be worse than we are seeing now.

These aren't reforms in any practical sense; what we are seeing is simply the current APC government divesting themselves of financial obligations to the citizens, so that they can free up huge money to be stolen by them and their associates/fronts

Kobojunkie:
Can you post evidence that IBB in fact implemented the SAP-suggested Reforms?

IBB under the advice of the imf/wb sap program devalued the naira l from 1.75 to N22. I was a shocker back then. Fact. Abi did you not experience sap? Someone close to me lost his house in UK, because he took a loan with his house as collateral, successfully sold the goods, at the point of remmiting the funds back to UK bank, naira within a few days was devalued.
IBB also liberalized the oil industry, it was under him private investors came into the sector.
The major thing though to be remembered was the devaluation of the naira to enable market forces determine the rate.
https://thesun.ng/nae-warns-tinubu-against-devaluation-of-naira/?amp

TEYA:
■ "Just did what IMF and World bank said" is what I said. Read slowly again. And if they did that, it isn't because IMF suggested it to them. Name one one country that ever attained first world status by impoverishing it's people, jerking up taxes and removing subsidies?That has always been IMF's formula.
■ Even when Mao Zedong was implementing the Great leap forward, it was about drifting towards massive industrialisation not just enforcing austerity measures without a plan.

Really? For the sake of competence, can you please post the information on where you find these IMF policies you insist are always the case though?

2. Wait a second....what stops Nigeria from, as we speak, drifting towards massive industrialization, and implementing an effective safety net program, even as that removes the expensive fuel subsidy? Is it the IMF or the World Bank?

Werey people

NwaNimo1:
https://punchng.com/nigeria-must-sustain-15-years-of-reforms-to-ensure-impact-world-bank/

WORLD BANK FROM HELL.

richmond500:
So we are going to suffer for 15more years?

Before then, like 30% of Nigerians would have died of hunger, that's really a small price to pay.

..it's the world bank that is telling APC and Tinubu to implement this harsh economic policies and reforms as a condition to give nigeria loans...

Stupid people in world bank...you want all the nigerians to die patapata

15 years...and this is just 18 months of the reforms and nigerians are already dieing of hunger... wicked people in world bank

nedekid:
■ IBB under the advice of the imf/wb sap program devalued the naira l from 1.75 to N22. I was a shocker back then. Fact. Abi did you not experience sap? Someone close to me lost his house in UK, because he took a loan with his house as collateral, successfully sold the goods, at the point of remmiting the funds back to UK bank, naira within a few days was devalued.
IBB also liberalized the oil industry, it was under him private investors came into the sector.
The major thing though to be remembered was the devaluation of the naira to enable market forces determine the rate.
https://thesun.ng/nae-warns-tinubu-against-devaluation-of-naira/?amp

1. I witnessed SAP myself and experienced devaluation. I was hit by it but I expected good things to follow as promised. But it didn't take long to realize that a lot of what the government said it would do— most of the promises to local industry including farmers and manufacturers— it never actually did. The MAMSER program for instance which was supposed to rally the whole country and rev up local production of goods and services for example comes to mind. It failed miserably because IBB refused to massively fund it as promised.

2. I also witnessed the fact that rather than completely implementing the deregulation of market forces and privation of State-owned companies, the government chose to run with its own ideas. Also, rather than reduce government spending and bloat, the government chose to do other things, fueling systemic corruption instead. The government also refused to a large extent to invest a great deal in the local economy and industrialization.

MadPolitician:
15 years of this? We are finished

.
15 years?..and this is just 18 months of the reforms..see the renewed shege, sufferness, hunger, starvation nigerians are going through in just 18 months of Tinubu renewed shege hard economy

World bank is part of Nigeria problems

NwaNimo1:
https://punchng.com/nigeria-must-sustain-15-years-of-reforms-to-ensure-impact-world-bank/

Why would the world bank want what's best for Nigeria?

The same satanic world bank controlling world recession and collapse is telling a third world country iwhich happens to be her eternal debtor how to escape from her debt!

How stupid and useless and demonic is Nairaland and other press outlets that published this deception.

richmond500:
So we are going to suffer for 15more years?

Before then, like 30% of Nigerians would have died of hunger, that's really a small price to pay.

because world Bank are collaborating with the rogue in power to defraud Nigeria

DeepSight:
Please tell me you just made a joke and did not say there are no subsidies in Europe and America.
Honestly, tell me you didnt just say that.

abeg, stop engaging these dirty agbadorians.

The rubbish they spew out of their gutter mouth is really nauseating.

See this one saying there are no subsidies in Europe and America.

They are so dull , you wonder if a they have cobwebs for brain.