₦airaland Forum

Government: External | Domestic
Yar'Adua [3yrs]: $0.92bn | ₦2.38tn¹
Jonathan [5yrs]: $6.05bn | ₦4.42tn¹
Buhari [8yrs]: $32.84bn | ₦45.16tn
²Tinubu [<2yrs]: $2.82bn | ₦24.63tn

¹Approximate figures [domestic] for YAR & GEJ
²As of Mar 2025

#Statisense
(DMO/CBN)

https://x.com/StatiSense/status/1942099409837162635

Antidoteee:
I've never seen a man as arrogant in failure as Tinubu.

The man no dey perform but still dey arrogant in his failure.

BuharisBoy:
For all the noise the All Progressives Congress (APC) has made over the 16 years of People's Democratic Party (PDP) rule, Nigerians are beginning to realize that the real decline began when the APC came to power. A deeper look into the economic and social metrics of Nigeria between 1999 and 2015 under PDP, and from 2015 to 2025 under APC, reveals an uncomfortable truth: the APC's so-called “change” might have been a grand conspiracy to run Nigeria into the ground—possibly to discredit democratic governance, or worse, to benefit a few elites while impoverishing millions.

During the PDP years (1999–2015), Nigeria experienced relative macroeconomic stability. Under President Obasanjo, Nigeria secured debt forgiveness from the Paris Club, and external debt was reduced from over \$30 billion to around \$3 billion. The GDP growth averaged 6–7% annually for most of that era. The naira, while not perfect, was relatively stable—hovering around ₦150 to \$1 by 2015. Inflation was largely in single digits. Petrol was ₦87 per liter. A bag of rice was about ₦8,000–₦10,000. The minimum wage, though low, had more purchasing power.

Fast forward to APC’s 10-year reign (2015–2025), and the economic indices tell a disastrous story. Inflation has skyrocketed, consistently above 20%. The naira has plummeted from ₦197 in 2015 to over ₦1,500 in 2025. A bag of rice now costs ₦80,000. Fuel prices have jumped to over ₦650 per liter. Real wages have crashed, while poverty rates have expanded. Millions of Nigerians are unemployed or underemployed. The GDP growth under APC has averaged less than 2%—barely keeping pace with population growth. Some economists have even referred to this period as a “lost decade.”

Security? Under PDP, Boko Haram was a significant challenge, but under APC, the group mutated into multiple armed factions, with added threats from bandits, kidnappers, and unknown gunmen. Now, nowhere feels safe. Under PDP, a single schoolgirl abduction sparked national outrage and global solidarity (#BringBackOurGirls). Under APC, entire communities vanish and it's just another headlines.
What if APC’s rise was never about reforming Nigeria, but about destroying its middle class? What if key actors in the APC project were never committed to national development but to foreign economic interests? A weakened naira makes Nigerian assets cheaper to acquire by foreign corporations. Fuel subsidy removal without local refining capacity appears more like a scam than a solution. And the hardship from their policies keeps citizens too distracted to resist.

Meanwhile, the APC successfully weaponized propaganda, blaming all of Nigeria’s woes on the PDP, while quietly recycling former PDP members into their own fold. Was the APC just a rebranded PDP without vision or competence? Or worse—was it a Trojan horse, designed to sabotage any real progress that was made from 1999 to 2015?

In hindsight, PDP’s 16 years might not have been perfect, but compared to APC’s catastrophic 10 years, they now look like a golden age. The real truth? Making Nigerians believe otherwise.

BuharisBoy:
For all the noise the All Progressives Congress (APC) has made over the 16 years of People's Democratic Party (PDP) rule, Nigerians are beginning to realize that the real decline began when the APC came to power. A deeper look into the economic and social metrics of Nigeria between 1999 and 2015 under PDP, and from 2015 to 2025 under APC, reveals an uncomfortable truth: the APC's so-called “change” might have been a grand conspiracy to run Nigeria into the ground—possibly to discredit democratic governance, or worse, to benefit a few elites while impoverishing millions.

During the PDP years (1999–2015), Nigeria experienced relative macroeconomic stability. Under President Obasanjo, Nigeria secured debt forgiveness from the Paris Club, and external debt was reduced from over \$30 billion to around \$3 billion. The GDP growth averaged 6–7% annually for most of that era. The naira, while not perfect, was relatively stable—hovering around ₦150 to \$1 by 2015. Inflation was largely in single digits. Petrol was ₦87 per liter. A bag of rice was about ₦8,000–₦10,000. The minimum wage, though low, had more purchasing power.

Fast forward to APC’s 10-year reign (2015–2025), and the economic indices tell a disastrous story. Inflation has skyrocketed, consistently above 20%. The naira has plummeted from ₦197 in 2015 to over ₦1,500 in 2025. A bag of rice now costs ₦80,000. Fuel prices have jumped to over ₦650 per liter. Real wages have crashed, while poverty rates have expanded. Millions of Nigerians are unemployed or underemployed. The GDP growth under APC has averaged less than 2%—barely keeping pace with population growth. Some economists have even referred to this period as a “lost decade.”

Security? Under PDP, Boko Haram was a significant challenge, but under APC, the group mutated into multiple armed factions, with added threats from bandits, kidnappers, and unknown gunmen. Now, nowhere feels safe. Under PDP, a single schoolgirl abduction sparked national outrage and global solidarity (#BringBackOurGirls). Under APC, entire communities vanish and it's just another headlines.
What if APC’s rise was never about reforming Nigeria, but about destroying its middle class? What if key actors in the APC project were never committed to national development but to foreign economic interests? A weakened naira makes Nigerian assets cheaper to acquire by foreign corporations. Fuel subsidy removal without local refining capacity appears more like a scam than a solution. And the hardship from their policies keeps citizens too distracted to resist.

Meanwhile, the APC successfully weaponized propaganda, blaming all of Nigeria’s woes on the PDP, while quietly recycling former PDP members into their own fold. Was the APC just a rebranded PDP without vision or competence? Or worse—was it a Trojan horse, designed to sabotage any real progress that was made from 1999 to 2015?

In hindsight, PDP’s 16 years might not have been perfect, but compared to APC’s catastrophic 10 years, they now look like a golden age. The real truth? Making Nigerians believe otherwise.

Nawteemaxie:
In 2 years, the Great Tinubulation has borrowed more than YAR and GEJ combined.

Let's not say anything about the kunu guzzling drunkard that graced Aso Rock for the last 8 years before handing over to the octogenarian failure.

Guestmale:
To whom much is given much is expected during 16 years of PDP our oil experience unprecedented boom selling over $110 per barrel even with the fact that Nigeria got debts forgiveness yet toward the end PDP reign government have to borrow to pay salaries why because all the money we made during the oil boom were misappropriated and looted. While during the Buhari regime the government faces some obstacles and challenges. First the price of oil gone down to as low as less than $50 dollar per barrel. Secondly the outbreak of COVID 19 that sent the whole world to economy recession.With all these Buhari still maintain fuel and naira exchange rate subsidies.

Putindbutt:
Why are you guys so hypocritical and snake-like?. You were here all through Buhari's tenure, praise singing APC, opening several threads to insults and mock oppositions, attacking Ipobs, PDP, etc. Now, because Buhari is out of power, APC has suddenly become evil, you have been crying up & down since. You guys no dey fear God o, & you dey enter mosque dey go pray five times a day. Judgement day will be very interesting.

Brendaniel:
You are the hypocrite here, so Tinubu who said he made Buhari president and supported him for 8 years is what ?

The same man Tinubu's government is now complaining destroyed Nigeria for 8 years?

Are you saying Tinubu did it on purpose for his selfish ambition? And yet you are still supporting

Putindbutt:
Tinubu is a party man to the core, he said he took over both liabilities and assets of the past Govt. Tinubu hardly complain about Buhari but his appointees have to remind Nigerians what they met in office, when opposition are trying to deceive Nigerians.

Brendaniel:
So are you saying Tinubu is more loyal to his party than he is loyal to Nigerians?

Racoon:
Here you have it again and again. Borrowing to loot. Una go chop stats till e tire una. Tinubu's and Buhari's rudderless governments really mortgage Nigeria into irredeemable financial indebtedness.

Putindbutt:
Your questions doesn't make any sense because Tinubu is currently the President of all Nigerians.

Macphenson:
All APC online urchins and charlattans have disappeared from this thread.

Cc
Helinues
Yarimo
Yyba

Guestmale:
To whom much is given much is expected during 16 years of PDP our oil experience unprecedented boom selling over $110 per barrel even with the fact that Nigeria got debts forgiveness yet toward the end PDP reign government have to borrow to pay salaries why because all the money we made during the oil boom were misappropriated and looted. While during the Buhari regime the government faces some obstacles and challenges. First the price of oil gone down to as low as less than $50 dollar per barrel. Secondly the outbreak of COVID 19 that sent the whole world to economy recession.With all these Buhari still maintain fuel and naira exchange rate subsidies.

Putindbutt:
Why are you guys so hypocritical and snake-like?. You were here all through Buhari's tenure, praise singing APC, opening several threads to insults and mock oppositions, attacking Ipobs, PDP, etc. Now, because Buhari is out of power, APC has suddenly become evil, you have been crying up & down since. You guys no dey fear God o, & you dey enter mosque dey go pray five times a day. Judgement day will be very interesting.

Putindbutt:
Tinubu is a party man to the core, he said he took over both liabilities and assets of the past Govt. Tinubu hardly complain about Buhari but his appointees have to remind Nigerians what they met in office, when opposition are trying to deceive Nigerians.