₦airaland Forum

Trendie247:
N10,000 at the start of Tinubu's tenure is equivalent to N80,000 in just 2yrs...

By 2031, it should skyrocket to N1,800,000

Awoleesu:
Check the data again...

Tis was Umaru who brought down inflation significantly than he met it.

Indeed, numbers don't lie!

Kingpele:
This is the kind of variable indicator of how political parties have performed throughout the present democracy and a reminder that majority of those who support APC is either mischievous, ignorant or outright unpatriotic ....supporting the worst party to govern the country is not only wickedness but outrightly witchcraft of the highest order against this country....APC have failed Nigeria 🇳🇬 beyond redemption......and a greed of one man brought us to this sorry state....when people in this forum start to defend APC, I will always shake my head because is only lost souls that could defend people who are making life difficult for majority of citizens....if not rigging there's no way majority of citizens who are suffering presently will dare vote APC in 2027 except APC somehow perform miracle of increasing the purchasing power of citizens...which I doubt they're capable of doing....

Reference:
What this simply means is that in 25 years Nigerians have been unable to use the instrumentality of democracy to better their lives.

Not one, not one, not one subsequent year, government or political tenure has been better than the previous one, that is the one it replaced which clearly shows a detachment of electoral choices from the reality of quality governance.

Meaning that Nigerians by and large have been voting for the wrong reasons.

And until integrity, knowledge and performance becomes the only, the only, the only criteria for empowering people at the ballot to superintendend over institutions, the decline will continue as sure as the sun rises.

Unfortunately up till yesterday night the signs through the polity and civil space, as a matter of fact. in our everyday lives paints a retention of the dark tunnel we seem unable to get out of.

Awoleesu:
Check the data again...

Tis was Umaru who brought down inflation significantly than he met it.

Indeed, numbers don't lie!

tuoyoojo:
Na wa o

I never thought in my life time that this astronomical raise was possible in Nigeria. We read about it in the likes of Zimbabwe and what not , believing that we as nigerians would never accept it

But alas

We see the quiet acceptance of poverty and hardship. The gap btw the rich and poor gets wider every day

Even with the glaring failure APC still have people supporting them and to me, is it that they don't feel the suffering of people or what

Reference:
I am happy that Nigerians are beginning to see this fact. That out of all the poor quality leaders Jonathan stood head and shoulders above them all. I said it on this forum about ten years ago and for two reasons.

One as relating to restructuring (which I have said for decades is the only way out of terminal decline of Nigeria as a state). He was the only one with half the courage to establish a confab to discuss the how, where and why, the bolts and nuts of a functional nation.

Two, as relating to his willingness to respect the wishes of the people to have another leadership through the ballot and in doing so acknowledged that he did not meet with their expectations, i.e he admitted he failed in making their lives better.

If these two ideals had been repeated after him over the course of the past decade. If those two ideals can be replicated today and in the future, this country will stand a chance of reversing it's fortunes and perhaps become great one day.

It is over to the people to determine their future by voting according to their present experiences only and the government of the day to honourably accept their decisions.

Reference:
I am happy that Nigerians are beginning to see this fact. That out of all the poor quality leaders Jonathan stood head and shoulders above them all. I said it on this forum about ten years ago and for two reasons.

One as relating to restructuring (which I have said for decades is the only way out of terminal decline of Nigeria as a state). He was the only one with half the courage to establish a confab to discuss the how, where and why, the bolts and nuts of a functional nation.

Two, as relating to his willingness to respect the wishes of the people to have another leadership through the ballot and in doing so acknowledged that he did not meet with their expectations, i.e he admitted he failed in making their lives better.

If these two ideals had been repeated after him over the course of the past decade. If those two ideals can be replicated today and in the future, this country will stand a chance of reversing it's fortunes and perhaps become great one day.

It is over to the people to determine their future by voting according to their present experiences only and the government of the day to honourably accept their decisions.

Blizzy9ja:
Tinubu already said he will reduce the purchasing power of the people... That is his demonic policy which he clearly told the daft emilokan sympathizers.... E no go better for anybody wey hear that wicked statement and still supported him... Thief!

ibabz:
Oga, biko don’t bring that sentiment here. Jonathan was the worst under PDP. Pls go back and study the data again with an open heart. If you still don’t understand, I can then enlighten you.

ibabz:
Seriously? Education is not a scam after all. Let me explain to you in a term that you would understand. At the beginning of Obasanjo’s government, the purchasing power he met was 24,000. By the time he handed over to Yaradua, it was reduced to 16,000. And that was what Yaradua met in 2007. Yaradua further reduced it to 14,000. And that’s what Jonathan met.

But if after this explanation and you still don’t understand then you might need to go and learn comprehension

AwkwafinaBabe:
I am sure it is currently at over 100k
Long live Nairaland and all Nairalanders. 40 characters achieved

Awoleesu:
I really didn't feel obligated to reply you, no thanks to the coinage of your criticism as being laced with an unmistakable slight...

But just if I may draw your attention to some details, the which your "on-the-ball" stimulus failed to be regulated upon:

The article read "#.... AT THE END OF HIS TENURE"

Now, if you're as intelligent as you wanted to impress, tell us what the bolded imply in the context of the expression.

Cromagnon:
one person
Not Nigerians
We rejected the clueless one resoundingly

ibabz:
I’m deeply sorry if you feel offended by the way I 𝗢𝗕𝗔𝗦𝗔𝗡𝗝𝗢 [𝟴𝗬𝗥𝗦] — The purchasing power of ₦10,000 at the start of the tenure was equivalent to ₦24,348 at the end of tenure.
responded to your comment. But bruh you may need to pay a close attention to the first lines:

“𝗢𝗕𝗔𝗦𝗔𝗡𝗝𝗢 [𝟴𝗬𝗥𝗦] — The purchasing power of ₦10,000 at the start of the tenure was equivalent to ₦24,348 at the end of tenure.”

It says “at the start”, which simply means what they met. Also it says “at the end” which means the achievement they are leaving behind.

No offense intended bruh

Cj4charles:
And to worsen it up, one griller praised him for complete 8 years on an empty stomach, and now several mannequin have continued from the griller...... what a shame

alphaconde:
The difference this current government achieved in 2 years is more than all of all that put together.

Lets crown this administration already.

They won flawlessly.

The worst ever

Reference:
I am happy that Nigerians are beginning to see this fact. That out of all the poor quality leaders Jonathan stood head and shoulders above them all. I said it on this forum about ten years ago and for two reasons.

One as relating to restructuring (which I have said for decades is the only way out of terminal decline of Nigeria as a state). He was the only one with half the courage to establish a confab to discuss the how, where and why, the bolts and nuts of a functional nation.

Two, as relating to his willingness to respect the wishes of the people to have another leadership through the ballot and in doing so acknowledged that he did not meet with their expectations, i.e he admitted he failed in making their lives better.

If these two ideals had been repeated after him over the course of the past decade. If those two ideals can be replicated today and in the future, this country will stand a chance of reversing it's fortunes and perhaps become great one day.

It is over to the people to determine their future by voting according to their present experiences only and the government of the day to honourably accept their decisions.

Awoleesu:
Check the data again...

Tis was Umaru who brought down inflation significantly than he met it.

Indeed, numbers don't lie!

snowball11:
Hey, concentrate on the dolt ruling you now and leave the records of GEJ!

Supporting rubbish all in the name of my tribeman and feeling funky!

Murketeer:
Where is that guy self.. havnt been seeing his posts

Awoleesu:
.... comment seem to describe you more than it did me!
Can't you see? I argued with the statistics before us all, but you reason with the mind of what you thought was my position.
Sorry, I really can't help you! You're sadly, a product of the Naija syndrome.

alphaconde:
The difference this current government achieved in 2 years is more than all of all that put together.

Lets crown this administration already.

They won flawlessly.

The worst ever

grandstar:
You're wrong. Things were much worse under Buhari but were dusguised.

When Buhari took office, 26% of federal government revenue went towards debt servicing. By the time he left office, 97% of it was going towards debt servicing. He was borrowing excessively. He was relying heavily on ways and means which is the act of the central bank printing of money to lend to the government.

Then for foreign exchange, there was only $4bn in net foreign reserves while the cbn was owing $7bn to buyer. That simply means there was a severe shortage of forex. The CBN had been selling forex well below its true value and thats led to severe shortages. A country should have at least 4 months worth of import cover. The CBN barely had 1 month of imports.

The government could no longer keep borrowing. Nigerias credit rating or score had fallen, and no one wanted to lend the country any more.

That's why structural reforms were started by Tinubu. He ended the fuel subsidy, saving about 10 trillion. He floated the Naira so it can find its true value. This led to the crashing of the Naira to $1 to N1,550. Thay ended up being the true value of the Naira. Also, he worked hard at increasing government revenue.

The reforms are working. Less than 50% of government revenue is now spent on debt servicing. The net foreign reserves has grown from $4bn to $40bn today, enough to cover 8 months of imports.

alphaconde:
The difference this current government achieved in 2 years is more than all of all that put together.

Lets crown this administration already.

They won flawlessly.

The worst ever

DrMB:
Eight presidents, 25 years, one pattern, prices climb, incomes crawl. In the marketplace of Nigerian democracy, the currency we trade is trust, and it’s losing value even faster than the naira.


https://x.com/StatiSense/status/1954128956593999923
https://x.com/StatiSense/status/1954138332382076995
#Statisense
(Consumer Price Index, NBS)

Awoleesu:
Check the data again...

Tis was Umaru who brought down inflation significantly than he met it.

Indeed, numbers don't lie!