₦airaland Forum

https://www.youtube.com/watch?v=GJt2sAhig5U?si=4tjMYE4C6t6LBLNc

Buhari's Policies Wrecked Nigeria’s Economy, Printing Of N22.7Trillion Destroyed Naira, Says Former Speaker Dogara

Former Speaker of the House of Representatives, Yakubu Dogara, has blamed the administration of ex-President Muhammadu Buhari for destroying the value of the naira through reckless monetary policies, including the printing of N22.7 trillion under the guise of “ways and means.”

Dogara made the revelation in a viral video clip circulated on Tuesday, where he detailed how Buhari’s economic decisions plunged Nigeria into its current financial crisis.

According to him, President Bola Tinubu inherited a “wrecked” economy made worse by Buhari’s indiscriminate printing of trillions of naira, the controversial dual exchange rate regime, and mortgaging of crude oil sales for foreign loans.

“By the time President Tinubu took office, the economic debris of this nation had become too conspicuous to be ignored,” Dogara said.

“N22.7 trillion; we are all journalists here, we know this had been printed and injected into the economy in the name of ways and means, thereby destroying the value of the naira in our pockets.”

The former Speaker accused the Buhari administration of institutionalising economic sabotage by creating a dual foreign exchange system that favoured a select few.

“The dual exchange rate meant that some anointed people were making hundreds of millions of naira of forex allocations from the CBN without producing any goods or offering any services whatsoever,” he added.

Dogara further condemned the practice of tying crude oil sales to foreign loans through “forward sales” arrangements, describing the measure as fraudulent and unsustainable.

“Tying our crude sales to foreign loans in the name of forward sales of crude was fast becoming the order of the day. Some of the foreign loans had been procured in order to help strengthen the value of the naira, a measure that could only be sustained by what experts call voodoo economics,” he said.

Human rights activist Omoyele Sowore had also accused Buhari and the former Central Bank Governor Godwin Emefiele of deceiving Nigerians regarding the newly designed naira notes in 2022.

Buhari unveiled the new notes before the Federal Executive Council (FEC) meeting at the State House, Abuja, in November 2022.

Following the unveiling, Sowore noted on his Facebook page that the new designs had only changed the colours.

He said, “@GodwinIEmefiele of the @cenbank and @MBuhari just played Nigerians over the fraudulent so-called redesign of the Naira. Nothing was “redesigned” just a change of dye. Crooks! #WeCantContinueLikeThis.”

Racoon:
No one associated directly or indirectly with the catastrophic Buhari led CPC-APC government should come out to say crap like Yakubu Dogara, Bola Tinubu, Lauretta Onuchie, Abubakar Malami as they simply joined him to destroyed this nation

WizardOfNG:
Some of us have tirelessly made the same point Dogara makes now. The problem is that ignorance and ethno-religious hatred of other will not let many accept what is our truth and reality per the abysmal.staye of the economy Tinubu inherited.

Meaning he had to perform immediate and urgent surgery on a patient , I.e Nigeria, that was seriously sick and nearly dead.

The very ill patient was prevented from dying yet every reasonable person will accept a period of recuperation will be required to gain full health onwards to being a productive member of society.

That is what the Nigerian situation is from when PBAT took over till today. 2 years and 4 months into his Presidency.

iwaeda:
https://saharareporters.com/2025/09/16/video-buharis-policies-wrecked-nigerias-economy-printing-n227trillion-destroyed-naira

iwaeda:
https://saharareporters.com/2025/09/16/video-buharis-policies-wrecked-nigerias-economy-printing-n227trillion-destroyed-naira

Gotocourt:
Saraki remains the best Senate President Nigeria ever had. God Abeg 🙏

PerfectStranger:
When competency fail,you result to blame games. Y'all can only fool Nigerians once not twice.

Karlovych:
Mana.bbq. grill and other zom.bies supported the decision at the time.

I wonder what they have to say about it now, spits