₦airaland Forum

I have said this over and over again and I will repeat myself this morning. No IMF or world bank policies will ever work for underdeveloped countries. That aside, the policies of fuel subsidy removal and floating of naira will only get worst as the day roll in. This is not about pessimism or not been patriotic, that's just the nature of our country because we are fuel dependent nation and also foreign goods dependent, as we produce nearly nothing.
Developed nations are not stupid for subsidizing foods that they know they are commonly consumed by their citizens. Fuel is the driver of our economy, let no one deceive you. Whatever affects our fuel, affects virtually everything called goods and services.
All these deceits would give any result. Those hailers of the government should continue but as the saying always go, the ends justify the means.
Already there is a projection that more people will be dipped into poverty by 2025 by FOI. Without the investigation, even the blind knows we are heading towards doom days ahead.
My candid advise to the patriotic ones, tighten up your seatbelt and do all legal thing that you think can fetch you money.

tunjijones:
Na that IMF go finish Nigeria las las.

IMF approached Buhari to float the naira and he no gree, he reach T-pain turn he float naira and remove subsidy at the same time. Who does that?

Honestly I never believed that there cld be a president as clueless and daft as Buhari, but T-pain proved me wrong

Toh, maybe he is CIA agent sent to destroy Nigeria after all

Dem go tight am more?

Federal Republic of IMF oh sorry Nigeria

Caseless:
Ngene waye?

I'm NOT a newbie Bro...Good to see that your conscience reminds you how much pains we're going through because of parochial choices and vendetta ...

Whoever told this people that borrowing money to build road will improve Nigeria economy

AntiChristian:
This guy why is it that you always fish out bad news about Nigeria but never for once fish out bad news from alaigbo?

Why is it that you never criticize Apc government, from buhari,now to tpain?

IMF always spot on.

They called it out in March 2024 that Naira was nit floated but devalued. That is ehy they have refused to give the Tinubu government loans

While some buffons were busy shouting "naira was floated" echoing the rubbish propaganda from the clueless administration, IMF called it out as systemic devaluation of naira. Now theyvare calling it out noe that the reforms are being poorly implemented.

Without IMF's report, we all know that the reforms are ineffective and pointless. Unfortunately, the Government lacks capacity to believe that and reverse the inhumane policies for the goodness of her citizens.

descarado:
They all assume people don't know their different monikers.
All of them have 2 to 3 monickers and it's fun reading how they slip most times

Many of them are sadists...and neck deep in parochial sentiments while projecting their image on others

Some hard-core SW Tinubu Supporters are still in heavy shock at how Alhaji Tinubu Jagaban the Chicago Economic Strategist destroyed Nigeria's Economy within 18 Months

Laughable. Trying to put the blame on IMF after a clueless approach to reforms.

Produce what?

CodeTemplarr:
They are, and were right to do so. After taxation and subsidy removal, there is something called production which we have ignored since time immemorial.

Jflex07:
Why is it that you never criticize Apc government, from buhari,now to tpain?

I don't criticise leaders!

Even if Obi becomes the president today I will support him 100%!

When leaders are elected based on Sentiments and Muslim Muslim tickets what do you expect...

Nigeria that defys all known predictions and reforms.
What a country.
What a people.
What a leadership.

Naija my country

Bobloco:
•Food sector stakeholders score policies low


https://www.vanguardngr.com/2024/11/reforms-in-nigeria-not-working-imf-report-hints/

Humn! Tinubu’s agbadorian voodoo economics is glaring to all now. IMF and other neo-colonists don finished Nigeria under their zombie cluelessness and incompetency. Zombies what say ya? Ndi ala them.

Blazetrailer:
Laughable. Trying to put the blame on IMF after a ckueless approach to reforms.

Produce what?

You well so?

ivandragon:
It is clear...

When reforms are not targeted at increasing purchasing power of the masses and reducing cost of living, they cannot have the desired impact.

It is glaring that BAT and his accomplices are just parroting reforms and throwing dry bones to the masses to gnaw on while they feed fat on the flesh.

Projects do not align with socio-economic needs.

The government introducing reforms does not adhere to its own reforms.

Bat preaches need to tighten belts but keeps indulging in excesses.

The only thing Bat focuses on is how to corner more resources to himself and cronies.

Interests rates are at an all time high. Close to 40%. How would SMEs survive?

I recall in 2014 when buhari & Bat where deceiving themselves and made beverages with satchet milo and milk which cost about N20 each at the time. Today, those satchets cost around N300 each. That is over 500% increase in 10 years. No peacetime country has witnessed the kind of inflation we have in nigeria.

Any economic reform not having the people as priority number one is a disaster in the making . You can not have unproductive people in your family and think you will have a rich household.

Racoon:
Humn! Tinubu’s agbadorian voodoo economics is glaring to all now. IMF and other neo-colonists don finished Nigeria under their zombie cluelessness and incompetency. Zombies what say ya? Ndi ala them.

IMF did not finish us. We, within ourselves, did.
There is something called production. Even if subsidy should come back it should be centerwd around production and not to go and stone Lucifer in saudi Arabia.

AntiChristian:
This guy why is it that you always fish out bad news about Nigeria but never for once fish out bad news from alaigbo?

you be bastard. Your life will be miserable and destroy as Tinubu has done to Nigerians

How would it work!?

1.) make naira legal tender for export, let the people buying from Nigeria buy with the naira.
2.) let Nigeria become an export based economy, open the borders and let people buy things from Nigeria with the naira (this would make the naira strong)
3.) confer security to Nigerian citizens and Nigerian businesses. Arm the soldiers with more firepower and proper military training.
4.) Create schemes to alleviate poverty in Nigeria and create businesses at least for the first 4 years (don't pay the money to their account at first, build the business for them let the profits come to them, and ensure it is properly monitored, and when time for profit and ROI comes, they start paying ROI), then next 4 years impose taxations.
5.) promote made in Nigeria businesses correctly and ensure there is innovation etc.

This is what would make the naira stronger and a better economy. Agbadorians and ronuz and anus them no go see this one , because according to them , I'm an ibo man and my talks hold no water. Them go even insult person ontop. Lost people.

Caseless:
Hmmmm...

You'd know the external forces working to hold this country down are not doing too much to achieve that, only need to have the wrong guys in office and all their wishes are met. If not so, how can you explain this?

These neo-liberal economies would tell our headless leaders what to do, because they have white skin, our leaders take everything hook, line and sinker - they'd implement, throw their people into poverty net and the same institutions come back to tell us how that policy is not working.

They told us this many years down the line when IBB and Olu Falae promoted SAP and forced it down our throats - they said it failed because it was not fully implemented(as Farooq Kperoggi recalled in one of his articles). I wonder which part of the SAP was not implemented.


It's high time we started arresting those good for nothing economists who come on air to preach the benefits of a policy and they turn out bad for our country.

The same advice that Indonesia and Malaysia turned down from IMF and World Bank is the same policy our government rushed to swallow. We know where those countries are today and look at where we are.


No nations survive multidimensional strain like Nigeria is facing.

As a Nigerian, I've had the foretaste of what Hell feels like, I want God to remember this face and save me a place in paradise.

I love your last paragraph. Truly we are on hell on earth for some months now. No good you can pinpoint that has not skyrocketed, some doubled, some tripled and even some out of the reach.
My grouse against Tinubu is that he is so adamant and doesn't know that policy can fail and as a good leader, you must courageous to admit that your policy has failed and work out modality to reshape the policy.
My concern is they are using their arrogance to destroy our economy and sending many to early grave.
I said something since last year and I have been repeating same everytime. Buhari is more wiser than Tinubu. Buhari knew the impact of subsidy removal would cause and he stylishly pushed it till the end of his tenure. I bet it Buhari would not have removed subsidy if he still has more year for him. He pushed the burden on Tinubu and Tinubu took it hook line and sinker sheepishly.

AntiChristian:
I don't criticise leaders!

Even if Obi becomes the president today I will support him 100%!

Why?

SpatialKing:
When leaders are elected based on Sentiments and Muslim Muslim tickets what do you expect...

voted based on sentiments but that was never enough. There had to be rigging supplement that.

It is only hypocrites that will say the reforms in Nigeria are working.


If they are working, why are people calling for prayers?

Government needs to do things sincerely and reasonably. Government needs to be prudent and stop profligate spendings.

Above all, government must lead by example (must practise what they preach).

ClassicMan202:
Buhari failed woefully... But this BAT is making Buhari look like an angel.


I never thought anyone could make us miss Buhari's government

honestly

I never believed in my life anyone could be worse than Buhari.

AntiChristian:
This guy why is it that you always fish out bad news about Nigeria but never for once fish out bad news from alaigbo?

That is their way. They are always very quick at carrying bad news about Nigeria.They said the reform is not working but Tinubu managed to pay $7billion FX backlog inherited,the reform is not working but foreign reserve is now over $40billion, the reform is not working but only about 28% of 2025budget would be financed thru borrowing rather than over 50% in Buhari's 2023 budget, the reform is not working debt to revenue ratio has reduced from 97% to 65% ,the reform is not working about 69 different loans are being repaid. Though,the reform has come with so much pain than earlier envisaged but many things are being corrected.

Villa12:
you be bastard. Your life will be miserable and destroy as Tinubu has done to Nigerians

The curse will be on you in manifolds!
Nigeria will be better and whoever doesn't want that will be left behind in Nigeria!

Bobloco:
•Food sector stakeholders score policies low


https://www.vanguardngr.com/2024/11/reforms-in-nigeria-not-working-imf-report-hints/

Tinubu thinks that Nigeria is Lagos. lol!
Any ways, just like Buhari, baba will serve his 8 year tenue, retire and be called ex president. That has been his life time ambision and also use the opportunity to reward his boys and set them up for ever and ever.

kunle4toyeyaho:
That is their way. They are always very quick at carrying bad news about Nigeria.They said the reform is not working but Tinubu managed to pay $7billion FX backlog inherited,the reform is not working but foreign reserve is now over $40billion, the reform is not working but only about 28% of 2025budget would be financed thru borrowing rather than over 50% in Buhari's 2023 budget, the reform is not working debt to revenue ratio has reduced from 97% to 65% ,the reform is not working about 69 different loans are being repaid. Though,the reform has come with so much pain than earlier envisaged but many things are being corrected.

Thank you. The reform will only work when Obi becomes the president! I wonder why they are wired like that!

Pastor Adeboye and RCCG members helping Nigerians to prevent the Naira from falling.

Sheuns:
Someone is actively destroying the country and economy and he’s calling it much needed reforms.

It’s only in Nigeria that things have to go really bad before it gets better.

They ask the people to bear and make sacrifices but they (politicians) live large, yet we have some people that may or may not be benefiting anything from these politicians supporting them.

Na, it's not going to get better. Not like this. The only reform Nigeria needs is the reform of the mind. The way people think back home is pathetic, callous and inhuman. From citizens to politicians. From pastors and imams to government officials. The average Nigerian just want to exploit and is self centered, damnin the consequences and that has lingered for long, it's a norm now. To get rid of norm, heads go roll o.