₦airaland Forum

Softmirror:
I hope you can read clear. Buhari supported Lawan. This is to re emphasize to those who think Buhari's death will have a negative impact on Tinubu's re-election can see now that Tinubu didn't climb the shoulder's of Buhari to be President. Tinubu fought his way through, jumping over hurdles but internal and external hence 2027 won't be any different. It's going to be a win again with or without Buhari.

My friend even if Buhari supported Lawan as you claimed. Did Buhari supporters vote for APC or not. Or you want to systematically removed Buhari huge supports of votes from the equation.
All it takes now for Tinubu not to get those votes again even as Buhari is dead is for his real henchmen to against Tinubu and poisoned the mind of Buhari supporters against Tinubu and Tinubu will not get their votes

CodeTemplarr:
The second term par is what i find very odd. The man failed and was rewarded with more time to destroy the system. He did spectacularly.

My fellow Nigerians can be so so annoying honestly. We have a very long way to go honestly. I've not given up on my country yet but if Tinubu wins again then that's it for me . I'll give up on my country

Abeg werin this one dey talk like dis so
Na true sef

Here is what happened under Buhari. Note that the same thing happened in the period 1982-2006, and again from 2014-date. Note that this current admin is also taking loans, and still takes loans.

This is what happens when your economy is dependent on selling resources, and why Nigeria, and most African nations are dependent on debts and loans from everyone. Corruption makes things worse.

The Dutch Disease

In a strict sense, the Dutch disease refers to the crowding out of the traditional export sector by a new booming export sector and the non-tradable goods sector. However, in a broad sense, a country is said to have developed the Dutch disease syndrome when an income "windfall" in the economy leads to harmful or adverse consequences including a decline in the traditional sources of income in the country. The income windfall may come from sharp increases in the price (or production) of exportable (tradable) natural resources (e.g. crude oil, cocoa, coffee, diamond, gold, etc) and/or sharp increases in foreign aid or direct foreign investment or loans, resulting in sharp increase in foreign exchange earnings. The Dutch disease syndrome has existed, albeit in a benign form, since nations started trading with each other. However, it derives its current name from the experiences of the Netherland in the 1960s following the discovery and exploitation of large deposits of natural gas in the country's adjoining North Sea. This led to a significant increase in the country's revenue (foreign exchange) and appreciation of the country's currency (i.e. the Dutch guilder became stronger) which in turn led to a reduction in the competitiveness of the non-oil tradable goods sector of the economy. What was otherwise a positive development in the oil sector led to problems in other sectors of the economy including a depression in the non-oil export sector. It was not until the mid 1970s that the Dutch disease took a malignant form in many oil-exporting and some other mono-cultural developing countries as well as in some aid-dependent countries.


Corden and Neary (1982) have demonstrated how Dutch disease occurs in an economy. According to them, in a country experiencing "boom" in the export of a commodity, the economy can be divided into three sectors: the "booming" export sector, the "lagging' traditional export sector and the non-export sector. [b][b]The Dutch disease occurs when the traditional export (tradable goods) sector is crowded out by the booming export sector and the non-tradable goods sector. The lagging traditional tradable goods sector may include cocoa, palm produce, cotton, rubber, coal, copper, textiles and some manufactured goods while the booming export sector may be crude oil, coffee, gold, etc. The non-tradable (non-export) goods sector covers all those goods that are produced for domestic consumption only, e.g. staple food items, clothing, building materials, locally-assembled cars. Where crude oil (and gas) is the booming export sector, the non-oil export sector may be crowded out by the oil sector and the non-tradable goods sector of the economy. This can happen when the oil revenue windfall increases domestic demand for non-tradable goods and pushes up domestic prices leading to an appreciation of the real exchange rate which in turn reduces the competitiveness of the non-oil export sector. This will in turn lead to a reduction in non-oil exports in both quantum and value terms. The oil windfall may also lead to movement of the factors of production in the economy. For instance, capital and labor (and land) may shift from the non-oil export sector to the oil sector (in order to maintain or increase reserves and production) and the non-tradable goods sector (to take advantage of the growing domestic demand). This explains why the increase in oil prices and the subsequent oil revenue windfall in many oil-exporting countries have tended to depress their non-oil export sector while at the same time generating a boom in both the oil and the non-tradable goods sectors. With capital and labor shifting from the non-oil export sector to the oil-sector and non-traded goods sector, firms in the non-oil export sector are forced to either close down or reduce their scale of operation. The boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. The depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil. For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty[/b][/b].

In an extreme case, the Dutch Disease can lead to "Immiserising Growth" syndrome - a situation where increase in the output of exported commodity by a country leads to a deterioration of the country's welfare (Bhagwati, 1958). This happens when the effect of export-led growth on a country's terms of trade is strong enough to more than offset the direct benefits of growth. It is an extreme case of self-defeating growth. Although the theory of Immiserising Growth was not originally developed for oil-exporting countries, its tenets apply to many oil-exporting countries in the sense that despite the substantial increase in their export revenue, they have suffered significant decline in general welfare due largely to mismanagement of their oil revenue. Thus, the Dutch Disease syndrome confirms the assertion by a Spanish writer in the 16th Century that "the gratification of wealth is not found in mere possession or in lavish expenditure but in its wise application". Although the main manifestation of the Dutch disease syndrome in an oil exporting country is the decline or depression in the non-oil export sector, other "collateral" manifestations include appreciation of the real exchange rate at the onset, increase in corruption, increase in external debt and increase in poverty. However, an oil-exporting country must not suffer from the Dutch Disease. Furthermore, not all oil-exporting countries suffering from the disease have all "collateral" manifestations at the same time. Country experiences vary considerably depending on their political economy

Sauce: Managing the Dutch disease, Nigeria. (here)

Interesting read. But unfortunately, most of you won't get anything from it, since most of you are interested in campaigning for your side to win so that chop commenceth. Yes, including obidents and tinububites.

TimeManager:
Thanks for calling them out, that's the unfortunate situation we found ourselves in. They couldn't even differentiate a writer from an editorial, they just had to add The Nation somewhere to generate controversies, quite unfortunate.


-Kiss the truth!

Putindbutt, is Sam Omatseye no longer an ally of tinubu and chairman of the editorial board of The Nation Newspapers who oversees the opinion section of the newspaper?

Kalulu44:
My friend even if Buhari supported Lawan as you claimed. Did Buhari supporters vote for APC or not. Or you want to systematically removed Buhari huge supports of votes from the equation.
All it takes now for Tinubu not to get those votes again even as Buhari is dead is for his real henchmen to against Tinubu and poisoned the mind of Buhari supporters against Tinubu and Tinubu will not get their votes

His supporters questioned his integrity for the choice of Lawan in his face. That was what the APC governors did. Please remember this and have peace.

Kukutente23:
What is this one saying?
Lawan was on the ballot for the Presidential elections in the alternate universe you live in abi

Read what I wrote above so that you can also have some level of solitude.

After the Tinubu Government, I am super- sure that Sam Omatseye would move out of this country .

He is punching not just above his pay grade but above his charismatic limits, hope he knows that Buhari's followers will read this article and he thinks they will not react ?

Can he better be advised to take down this article ?

This man that writes for the highest bidder again?

Nemere2020:
by Sam Omatseye

https://thenationonlineng.net/anticlimax/

Why is this one talking about the man who his boss at The Nation made president to replace southerner Jonathan after just one term?

Should we remeber how this Omatseye cursed Awolowo and all his family for his own paymaster?

Babasessy:
The Awolowo rebirth in the Southwest has inspired gongs, songs and rhetoric of sorts. But they have missed one point.

It occurred to me in Abeokuta last week amidst the big crowds and euphoria of the swearing-in of Senator Ibikunle Amosun as governor. In all the states from Lagos to Edo, where Awo has witnessed ideological resurgence, hardly a single family member has played a role.

So we have an Awo family without an Awo. That is an irony. But history overwhelms us with this sort of twist. Obafemi Awolowo toiled for his reputation. His roots were lowly, he toiled to school both home and abroad, launched into careers in law, business, journalism and eventually politics. He carved a niche for himself, and became the first methodical and charismatic leftist in our history.  Other leftists abounded but they did not inspire comparable drama and following.

He faced tribulations, went to jail, failed in elections, won a few, but he imprinted his ideas and legacy in the country, and no single mortal has beaten him in the history of this country. His greatest achievement was in the area of ideas, and that was how he fashioned a family. Most families are born of biology but his issued from ideology. That family suffered with him.

In a spoof of Jesus Christ, these were the men who followed him in his teachings, and endured with him in his temptations. So he formed a kingdom for them in the Southwest, in the old Western Region, presiding over his projects, his legacies and people.

In all of these, the family he had was not his flesh and blood. In another spoof of Christ, who were his family anyway? Those who were with him must be counted as his family. So, I combed in the ambience of Babatunde Raji Fashola (SAN), and I found none. I went to Ogun, I frisked the crowd under Amosun’s bower, hardly any. Around Ogbeni Rauf Aregbesola in Osun, I could not lay a finger. With Governor Kayode Fayemi in Ekiti, where are the forbears of Awo? Yet, I can hear the chants of Awo. Hardly in any of the inaugural speeches or any of their other public intervention would you miss the philtre and filter of Awo from these gentlemen. To parody Novelist Joseph Conrad, they are the sparks from Awo’s sacred fire, the messengers of the might within the man.

Already all of them are pursuing the legacy ideas of Awo: free education, free health services, infrastructural development, urban renewal and economic engineering.

Lagos has posted itself as the John the Baptist. The others are putting up valiant efforts, and the world of course is watching to see how well they will perform. It will call for great work, resourcefulness and cooperation. They are the real Awoists, and Awo was a man of rigour and vigour.

The Awo son that many expected to take after the father was Olusegun, who unfortunately died in a car crash. We shall never know if he could have pulled it off.  But the others have not shown much of the paterfamilias’ brio and depth. In the past decade, under this republic, they have blended with the wrong crowd. Even H.I.D, hobnobbed with Alao-Akala, who brought illiteracy to governance; with Oyinlola who turned the grace of office into a hell-hole of despots; with Daniel who could not arrest his quick fall into megalomania.

I wrote once that this woman whom Awo once described as the jewel of inestimable value has lost value to his cause. If he came back to life, he would have committed the extraordinary act of divorce after death. Even his newspaper, The Tribune, has so stumbled and fallen that it swims in Awo’s vomit.

                                                                             http://www.thenationonlineng.net/2011/index.php/columnist/monday/sam-omatseye/index.1.html

givedemwotowoto:
The ones known for treachery/lies/backstabbing don’t know what to do or say

If they say Buhari did great as President, then it means Tinubu is not cleaning up Buhari’s mess as they claim.

If they say Buhari did poorly as President, then it means they praised Buhari as the best and lied to Nigerians for 8 years while he was destroying the economy.

So they will resort as usual to scavenging the internet for anything about Igbos.

if the highlighted suggest yorubas, Sam Omatseye is not yoruba. he is Itsekiri, from delta state

Softmirror:
I hope you can read clear. Buhari supported Lawan. This is to re emphasize to those who think Buhari's death will have a negative impact on Tinubu's re-election can see now that Tinubu didn't climb the shoulder's of Buhari to be President. Tinubu fought his way through, jumping over hurdles but internal and external hence 2027 won't be any different. It's going to be a win again with or without Buhari.

What is this one saying?
Lawan was on the ballot for the Presidential elections in the alternate universe you live in abi

kolente:
After the Tinubu Government, I am super- sure that Sam Omatseye would move out of this country .

He is punching not just above his pay grade but above his charismatic limits, hope he knows that Buhari's followers will read this article and he thinks they will not react ?

Can he better be advised to take down this article ?

Buhari's wife said more than this when he was alive. What he has written is in no way to spite anyone but as a journalist you need to call a spade a spade. My question is, was that all that he wrote? He made beautiful remarks about Buhari which are also true about him. The question is did Buhari really incur such an amount of debt?! If truly he did, why should anyone feel upset unless a lie is being told against him.

Nemere2020:
by Sam Omatseye



https://thenationonlineng.net/anticlimax/

Chai, this is Deep ooooooo , the writer of this article don finish work on Buharis Head

Softmirror:
His supporters questioned his integrity for the choice of Lawan in his face. That was what the APC governors did. Please remember this and have peace.

I am not doubting that, and who are those supporters if I may ask, a few delegates at the party primaries. Are those ones the real supporters on the streets of Kano, Kaduna, Katsina, and co. Those are the supporters I am talking of not 1,000 or 2,000 delegates

Racoon:
Just imagine! The usual pyscophants and asslicking hypocrites who are now calling Buhari a mess or disaster that created a lots of mess for Tinubu.

Infact, Buhari died at a wrong time. If it had happened when in office, Nigerian situation perhaps wouldn't have been this bad. Osibanjo would've taken over and piloted the affairs of Nigeria to success. Tinubu was desperate to ensure that this never happened. Osibanjo would have stood his ground for re-election just like GEJ.

Softmirror:
His supporters questioned his integrity for the choice of Lawan in his face. That was what the APC governors did. Please remember this and have peace.



Read what I wrote above so that you can also have some level of solitude.

Rubbish. Absolute rubbish
Let me remind you that Buhari made the governors and not the other way round
If Buhari had insisted on a northern candidate, the worst the govs could have done is cry. They can't touch a hair on his popularity with his base. It is not for nothing that even as he did not want Tinubu, Tinubu still warmed up to him and pulicly courted him at every turn towards the elections. If Tinubu was so sure of the electoral might of the govs, he would have packed Buhari to one side after winning the primaries

Kukutente23:
What is this one saying?
Lawan was on the ballot for the Presidential elections in the alternate universe you live in abi

Thank you jare help m ask him. Was it not APC Buhari supporters voted for.

Kukutente23:
Rubbish. Absolute rubbish
Let me remind you that Buhari made the governors and not the other way round
If Buhari had insisted on a northern candidate, the worst the govs could have done is cry. They can't touch a hair on his popularity with his base. It is not for nothing that even as he did not want Tinubu, Tinubu still warmed up to him and pulicly courted him at every turn towards the elections. If Tinubu was so sure of the electoral might of the govs, he would have packed Buhari to one side after winning the primaries

Buhari might have made the governors but he didn't have control over them. Of course that was what they demonstrated. Most of you don't understand this game of politics at all.

A few days before Buhari died. Didn't you hear what El Rufai said about the man?! Why are you all acting surprise because of Sam?!

Even though majority of what Omatseye wrote here is true infact over 99% as stated. But why didn't he wrote it when he was alive. That 8years presidency really exposed how evil and failure that man was. A political Messiah with bad intentions

Softmirror:
Buhari might have made the governors but he didn't have control over them. Of course that was what they demonstrated. Most of you don't understand this game of politics at all.

A few days before Buhari died. Didn't you hear what El Rufai said about the man?! Why are you all acting surprise because of Sam?!

He did not adopt a jackboot style in dealing with governors like OBJ and presently Tinubu. He gave them their space and independence. I am beginning to see BATists as very undemocratic lots. You seem to idolise people who abuse power as long as they fit your bias.

El-Rufai can say whatever he wants now. The bottomline is he already wrote in his book that it was Buhari who asked him to run for gov and it was on Buhari's wings he won.

Sam is writing his tribute with outright insultsa nd reproachful remarks about Buhari. What makes this more shocking is that he is an employee of BAT. The treachery is stunning

Nemere2020:
by Sam Omatseye



https://thenationonlineng.net/anticlimax/

While some of these points stated by Sam Omatseye are perfectly TRUE, governance is a continuum, and regardless of the painful obstacles that got in the way of the now President 'Bola Tinubu, it's supposed to propel him to do more by fixing any errors from the Buhari years since it's the same APC Party even though we are seeing some of Buhari's former Ministers who served with him including the man Babachir who was indicted for corruption in the grass cutting scam defecting to the so-called ADC coalition of strange bedfellows.

This article should NOT be an attack on Buhari right now but used as a positive reflection by President 'Bola Ahmed Tinubu himself and his lieutenants or entire economic and security team for the benefit of ALL folks of Nigerian descent worldwide who are tired of the decades of a country that is classified for decades now as a significant underachiever. Period.

DeepSight:
No be today Sam dey write anyhow.

He also talks anyhow, he is the reason I do not watch TVC breakfast anymore. Even your view.

All of them dey vex me. They couldn't talk much during the Benue killings. I just vex off my TV.

Nemere2020:
by Sam Omatseye



https://thenationonlineng.net/anticlimax/

@seun I hope you know the cyber crime act is now active, you need to caution your moderators, please check the headline of the article from the nation and check the nonsense your mods put as headline, this is not proper.

And they kept calling us 5% and tribalistic for refusing to vote for him twice .

Tinubu is finishing the nation kpata kpata but they will still vote him the 2nd time and call us name for not joining them .

Few years later they will start another sober reflection

Kukutente23:
Can you imagine the audacity from The Nation!!

This is purely spitting on Buhari’s dead body

For all the flowery and colourful verbiage, he got some facts wrong

Buhari showed off his ballot paper not voters card
He couldn't bring his discipline to bear on our national life because of the crowd he got himself in a bid to become president.

Will Omatseye's paymaster be happy if Buhari took his war against corruption to the gate of all corrupt leaders regardless of status and stature?

This piece is just another example of the treachery being meted on Buhari from the BATist crew

he does not need to fight old corrupt people what he needed was to headhunt intellectuals both nigerian and non nigerians that could help him develope
systems that prevent and minimizes public corruption if he did same for secuirty and economy he would not have ran the economy to the ground. unlike GEJ and OBJ that brought in at least some technocrats

Pythagoras001:
he does not need to fight old corrupt people what he needed was to headhunt intellectuals both nigerian and non nigerians that could help him develope
systems that prevent and minimizes public corruption if he did same for secuirty and economy he would not have ran the economy to the ground. unlike GEJ and OBJ that brought in at least some technocrats

You're going to teach him how to fight corruption now

How much have you fought corruption in your own space

Kukutente23:
He did not adopt a jackboot style in dealing with governors like OBJ and presently Tinubu. He gave them their space and independence. I am beginning to see BATists as very undemocratic lots. You seem to idolise people who abuse power as long as they fit your bias.

El-Rufai can say whatever he wants now. The bottomline is he already wrote in his book that it was Buhari who asked him to run for gov and it was on Buhari's wings he won.

Sam is writing his tribute with outright insultsa nd reproachful remarks about Buhari. What makes this more shocking is that he is an employee of BAT. The treachery is stunning

Sam's stands has never changed. He wasn't an ass licker of Buhari when he was alive. This whole noise you are all making and trying so hard to blow out of proportion is because he talks about Peter Obi as Obi his. Infact making an Obi of him. Sam's stance was so clear during the Presidential primaries when it was so obvious that Buhari was in support of Tinubu. But guess what his wife Aisha was and she shows it openly against her husband. So when you are talking about control, who is should be more under Buhari's control. His own wife or governors who are chasing their own political ambition.

Nemere2020:
by Sam Omatseye



https://thenationonlineng.net/anticlimax/

If Lawan is president we woundnt be in this hardship Tunibu throw us into.

Kukutente23:
Can you imagine the audacity from The Nation!!

This is purely spitting on Buhari’s dead body

For all the flowery and colourful verbiage, he got some facts wrong

Buhari showed off his ballot paper not voters card
He couldn't bring his discipline to bear on our national life because of the crowd he got himself in a bid to become president.

Will Omatseye's paymaster be happy if Buhari took his war against corruption to the gate of all corrupt leaders regardless of status and stature?

This piece is just another example of the treachery being meted on Buhari from the BATist crew

This is JUST YOUR OPINION.
Sam Omatseye has also given us his own opinion.
But lets talk FACTS and ignore certain grammars.