₦airaland Forum

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MadPolitician:
Read in between the lines. They have been asking for it, right back to babangida days.

You are Yoruba right ?

Waazaga.

Was it Tinubu that removed subsidy ni 🤔

Hahaha Hahaha Hahaha

IMFraud

Tinubu is not thinking right at all. How can you circle yourself with enemies of this country who are only interested in what to benefit from the country rather than finding ways to better the lives of the masses.

Lol...

Must reforms bring long hardship?

I don't understand how some Nigerians have been so brainwashed to believe that reforms must bring hardship for the masses.

In developed countries, when reforms are undertaken, they are more associated with reducing hardship... reforms such as reducing taxes for middle to low income earners, expanding access to health care, introducing cost effective transport systems, reducing the interest rates for mortgages etc... these are reforms...

But in Nigeria, bat and apc want us to believe that reforms must bring suffering to the masses...

SatoshiX:
Subsidy is sha gone finally?? Next please.

Who told you that? 🤣🤣🤣🤣🤣🤣🤣🤣

Elusive001:
It is just me telling someone to go and burn down his father's house. The person does it and comes back to blame me.

Is the person mad?

the person is mad

Even if dem sey make em remove am, em no go use em sense.

tundegan:
Tinubu is a leader with vision, and he will be vindicated in the long run.

^^^


Just like Buhari is being 'vindicated' today.

MadPolitician:
Read in between the lines. They have been asking for it, right back to babangida days.

dud they force u to collect their loans?

Nigeria pass home video

Kobojunkie:
Make una dey use una head. What IBB and then Tinubu did had absolutely NOTHING to do with what the IMF and even the World Bank instead suggested in their suggested reforms to Nigeria. Go back and see what Obasanjo— documented in the NEEDS project implementation plan —did to get an idea of what it was that the IMF and World Bank in fact suggested.


IBB, and then Tinubu, without implementing any safety nets of any kind, proceeded to completely remove subsidies— as opposed to a gradual phasing out of subsidies as necessary safety nets took effect—, damaging the economy as a result.

You wrote as if there was a consensus to go ahead with any kind of reforms supported by the IMF or the world bank. That decision to go ahead with such plans, is an elite decision, and has proven to be counter productive. I prefer a "planned economy" to all the free market madness that these organisations are forcing down the throats of fledging republics around the developing world. Every Asian tiger,was/is a planned economy dressed in beuriful free market togas.

I don't know of Tinubu, but IBB consulted widely and only implemented his IMF induced reforms intelligently. Idika Kalu and Chu Okongwu were incharge. Those were gurus. There were changes as it regards the net effects, but nothing compared to the chaotic meltdown going on in Nigeria today.

The problem here is that for whatever reasons, our people like to twaddle with trifles, while being led to golgotha by these Brettonwoods organisations. . Someone is telling you to remove fuel subsidies and allow "the free market" to determine your forex regime, as part of the conditionalities to access loans, and you're talking about how best to phase things in under an administration. Is there anyway you can do so without the economy imploding? I mean with Nigerias peculiar socio-economic realities. Do you think that all these processes could fit in within a four year term?

The chinese are still actively manipulating their exchange rates. The same Chinese who have some of the biggest subsidies you can ever imagine, are the ones we are going to compete with in the international markets. .Agric, power, transport, name them, all are being subsidised heavily in China . Do you think that it is pratically affordable for a struggling economy like Nigerias, to remove the fuel subsidy (knowing that both rail and air transport are nearly dead), then remove power subsidies, then allow market forces to determine the currency, and still have a conducive environment good enough to manufacture stuffs that will sell better than the Chinese?

Hungry people are seldom productive

Xscape1993:
It is well the blacks.

We have stupid leaders,sadly. If they ask them to kill their people, they'd not hesitate

surgical:
you mean 15years
And the citizens are cool with that ,I don't know of any other country whose citizens are subdued like Nigerian,they take all kinds of shit, which allows their leaders to take all manners of reckless, meaningless decisions on their behalves, while the rulers insulate themselves

there's no nation as polarised as Nigeria. Anything will definitely go.

EmperorCaesar:


Useless article

Is IMF the ruler of Nigeria?

Were they supposed to send out orders to our President in the first place?

Wouldnt you be worried if the FG couldnt make decisions on their own and would have to rely on IMF for everything?

When Tinubu talked about removal of fuel subsidy during his campaign, was it the IMF that advised him to add that to his agenda then?

Useless Article, once again

Who has been giving the FG loans with terms and conditions?

What useless lines?!

MadPolitician:
Read in between the lines. They have been asking for it, right back to babangida days.

tundegan:
Tinubu is a leader with vision, and he will be vindicated in the long run.

Leader of your baba hope zone. He knew his policies will fail that's why he wants to blame it on IMF but IMF has exonerated itself from his useless and wicked policies. At last everybody now knows Tinubu has nothing good to offer except his brainwashed and paid media dogs. Cursed be upon any of his supporters that quote me and may all the hardships innocent Nigerians who didn't vote for him are going through be upon you and your family forever Amen

tundegan:
Tinubu is a leader with vision, and he will be vindicated in the long run.

Leader of your baba sope zone. He knew his policies will fail that's why he wants to blame it on IMF but IMF has exonerated itself from his bad decisions

MadPolitician:
■ You wrote as if there was a consensus to go ahead with any kind of reforms supported by the IMF or the world bank. That decision to go ahead with such plans, is an elite decision, and has proven to be counter productive. I prefer a "planned economy" to all the free market madness that these organisations are forcing down the throats of fledging republics around the developing world. Every Asian tiger,was/is a planned economy dressed in beuriful free market togas.
■ I don't know of Tinubu, but IBB consulted widely and only implemented his IMF induced reforms intelligently. Idika Kalu and Chu Okongwu were incharge. Those were gurus. There were changes as it regards the net effects, but nothing compared to the chaotic meltdown going on in Nigeria today. ....

1. Obasanjo implemented IMF/World Bank reforms between 2003-2007. He boasts of how much he was able to accomplish as a result, and the implementation plan his administration, as well as the progress reports created and made available to the public at the time detailed all of that.
https://www.imf.org/external/pubs/ft/scr/2005/cr05433.pdf
https://www.imf.org/external/pubs/ft/scr/2007/cr07270.pdf

2. IBB did nothing of what you claim since the one report available that details what IBB did, a report created and published in 1997, reveals this. Think about it for a second! IBB could not have been able to loot Nigeria blind as he did if he had been busy implementing IMF reforms which required transparency in the implementation of several projects. To this day, Nigerians still have difficulty assessing what happened during the IBB years. This is because that regime, like the one after it, was as very much as opaque as it was corrupt.
https://www.elibrary.imf.org/downloadpdf/display/book/9781557756305/9781557756305.pdf

Even though, even though?

If dem say make he put hand for fire he go put hand?

Tinubu has nothing to offer. The drüglord will do anything to favour them than Nigerians so they don't release all his illegal businesses

Basicend:
These IMF & World Bank Chiefs should please just leave us alone, and stop commenting. They have assisted in creating this mess.

They don't understand, and are not close to the reality of the daily process of an average Nigerian on the street.

Fuel subsidy removal was due, was supposed to have been removed.
However, the devaluation of the currency concurrently is the core issue, and it's an advise they have been pushing to our leaders for years.

Or are they going to deny advising the govt to devalue the currency?

Their theories are neo-colonial in nature. . I hope are leaders will be wise one day.

Someone like the current leader don't have the interest of the masses at heart at all, infact they find the masses breathing repulsive

U can't say that u want to carry out reforms and not care at all about the welfare of the masses

So he just heard about the FX and subsidy reform somewhere

Fiam he hurriedly went ahead and implement them without proper due diligence and without putting shock absorber in place.

Even implementation, monitoring and supervision is poor. As a leader u have to supervise yourself to get firsthand information, but APC since 2015 say no b so.

Kobojunkie:
1. Obasanjo implemented IMF/World Bank reforms between 2003-2007. He boasts of how much he was able to accomplish as a result, and the implementation plan his administration, as well as the progress reports created and made available to the public at the time detailed all of that.

2. IBB did nothing of what you claim since the one report available that details what IBB did, a report created and published in 1997, reveals this.

Obasanjo reforms? He only sold off lucrative national assets to indigenous CIA proxies in Nigeria, all in the name of commercialisations and privatisations. Thats how elections and politics in Nigeria, became totally an elite issue, since these new economic behemoths became political trend setters using their massive wealth.. The corrupt elite that is, with their fat bank accounts in western capitals dripping with cash that should have gone to the government coffers.

That was the gains of obasanjos IMF induced reforms. He never did anything close to what Mr bulaabaa is trying to do though. Tinubu is being manipulated and blackmailed into turning the whole Nigeria into a giant IMF economic laboratory, with struggling Nigerians as his favourite guinea-pigs. It will end in either of these two results; people randomly dropping dead on the streets, or a mass revolt triggered by the biting economic realities.

Imf and world bank don't understand the dynamics of Nigeria... It's beyond what's on paper

NLCreator:
https://saharareporters.com/2024/10/25/imf-denies-asking-tinubu-government-remove-fuel-subsidy-nigeria-says-decision-domestic

The advice came from the World Bank and it is all over social media on ChannelTV and AriseNews.

MadPolitician:
■ Obasanjo reforms? He only sold off lucrative national assets to indigenous CIA proxies in Nigeria, all in the name of commercialisations and privatisations. Thats how elections and politics in Nigeria, became totally an elite issue, since these new economic behemoths became political trend setters using their massive wealth.. The corrupt elite that is, with their fat bank accounts in western capitals dripping with cash that should have gone to the government coffers.
That was the gains of obasanjos IMF induced reforms. He never did anything close to what Mr bulaabaa is trying to do though. Tinubu is being manipulated and blackmailed into turning the whole Nigeria into a giant IMF economic laboratory, with struggling Nigerians as his favourite guinea-pigs. It will end in either of these two results; people randomly dropping dead on the streets, or a mass revolt triggered by the biting economic realities.

🤣🤣🤣 Please start using your head abeg! 🤣🤣🤣🤣🤣🤣🤣🤣

That Obasanjo implemented the reforms DOES NOT imply that Obasanjo was some form of saint himself or did not have a hand in creating the situation is in today with godfatherism and criminals running all over the place. Neither does it, in any way, absolve Obasanjo of any crimes he and his cabinet may have committed during his time in office. Rather, saying he successfully implemented the IMF/World Bank reforms simply means that Obasanjo followed the requirement suggested by the IMF/World Bank and Nigeria reaped many of the benefits of it.

The gains of the implementation of the IMF/World Bank reforms during the last 4 years of Obansanjo CANNOT be erased or occluded primarily because that administration also happened to have been the most transparent Nigeria had ever had.

Kobojunkie:
1. Obasanjo implemented IMF/World Bank reforms between 2003-2007. He boasts of how much he was able to accomplish as a result, and the implementation plan his administration, as well as the progress reports created and made available to the public at the time detailed all of that.
https://www.imf.org/external/pubs/ft/scr/2005/cr05433.pdf
https://www.imf.org/external/pubs/ft/scr/2007/cr07270.pdf

2. IBB did nothing of what you claim since the one report available that details what IBB did, a report created and published in 1997, reveals this. Think about it for a second! IBB could not have been able to loot Nigeria blind as he did if he had been busy implementing IMF reforms which required transparency in the implementation of several projects. To this day, Nigerians still have difficulty assessing what happened during the IBB years. This is because that regime, like the one after it, was as very much as opaque as it was corrupt.
https://www.elibrary.imf.org/downloadpdf/display/book/9781557756305/9781557756305.pdf

Nigerians don't like good thing or performing person

It is the one that will squeeze, choke their thin neck they prefer

Salewa97:
Toh

Now the critics can rest

Born-through-the-nose

tundegan:
Tinubu is a leader with vision, and he will be vindicated in the long run.

He has two years left to be vindicated.

Nigerians should make up their minds today -NEVER EVER vote Tinubu again ! Let everyone makes up his mind and stop making excuses that the election will be rigged . !
There will be no confidence for anybody to rig once they know that people are against them .