₦airaland Forum

This is a rejoinder to Yakubu Dogara, who was recently appointed as Chairman of the Board of the newly established National Credit Guarantee Company by the Tinubu government.

Dogara, in a recent statement, claimed that Buhari destroyed naira through reckless monetary policies, including the printing of N22.7 trillion under the guise of “ways and means.” https://www.nairaland.com/8520797/buharis-printing-22.7trillion-destroyed-naira

Has Dogara forgotten that the man he now works for advised Buhari to print more money, and Buhari did exactly that? Let's refresh everyone's memory in case we have forgotten.

Tinubu to Buhari: Print more naira notes, suspend VAT

All Progressives Congress National Leader, Asiwaju Bola Tinubu, says Nigeria’s health care system cannot withstand a coronavirus pandemic on the scale of America and Europe.

He, therefore, called on the government and the citizens to do everything to curb the spread of the virus in the country.

Tinubu said this in a statement he wrote in commemoration of his 68th birthday on Friday.

The former Lagos State governor said, “The public health care systems of developed nations have been overwhelmed by this virus. They are running out of equipment and healthy doctors.

“Our public health care system is much smaller and less equipped than those in Europe and North America. We cannot afford to put undue pressure on our system because it cannot bear the great weight of a pandemic.

“Thus, it is incumbent on us to thoroughly implement and obey social safety and distancing techniques so that we halt the spread of the disease and keep hospitalisation to the barest possible minimum.”

Tinubu asked the Federal Government to print more naira notes to save the economy from collapse even as the COVID-19 pandemic continues to bite harder.

The APC chieftain said the United States Federal Reserve had printed more dollars bills to boost the economy.

He said Nigeria could also do the same.

Tinubu added, “Already, the price of oil has fallen to less than $30 a barrel. This will bring a dollar shortfall. This does not, however, necessitate a corresponding shortfall in public sector naira expenditures.

“The US controls dollar issuance. We control naira issuance as is our sovereign right. Just as America has used its sovereign right to issue its currency to stave off economic disaster, so too may Nigeria issue naira for the same purpose.”

Tinubu also asked the Federal Government to stop collection of the Value Added Tax immediately.

Recall that the government of the President, Maj.Gen Muhammadu Buhari (retd.), had last month increased VAT from five per cent to 7.5 per cent.

However, Tinubu said the government must reduce the sufferings of Nigerians by introducing tax cuts while the Central Bank of Nigeria must reduce interest rates

He wrote, “Government should announce a tax credit or partial tax reduction for companies or firms. VAT should be suspended for the next two to four months. This will help lower import costs and protect against shortages.

“We need to protect the people from food shortages and high prices. As such, we must quickly improve farm-to-market delivery of agricultural produce. Also, government should initiate a crash programme to decrease spoilage of agricultural produce by construction of storage facilities in local marketplaces in and around major cities and towns throughout the country.”

The APC leader asked all Nigerians to unite against the pandemic, adding that experience had shown that the virus neither respected social class, ethnicity nor religion.

He, therefore, said this was not the time to play politics.

Tinubu added, “The rich cannot bargain with the disease or pay it off. It neither reads bank account statements nor is it intimidated by them. The poor, likewise, are subject to it for it has no mercy nor cares about one’s prior or present hardships. Neither does it seem to study geography.

“Northerners and southerners are equally its prey. It will attack those who pray at the altar in church as well as those who face the Qiblah when praying in the mosque. To corona, we are all the same. Thus, to fight corona, we must treat each other the same, as brothers and sisters in one national family under one Heaven. For we are of one blood; this crisis is a stark warning that we must begin to act in consonance with that common humanity.”

Source: https://punchng.com/tinubu-to-buhari-print-more-naira-notes-suspend-vat/

They are suddenly blaming and condemning Buhari for doing exactly what Tinubu advised him to do.

Before you make any excuses for Tinubu, don’t forget, Tinubu knew that Buhari was printing a lot of money and supported him all the way to the end knowing the economy was being destroyed, even promised to continue from where he stopped.

If you claim Tinubu didn’t know Buhari was printing money, here is an article back from January 2023 that detailed how much the Buhari government had printed:
https://punchng.com/budget-deficit-rises-370-hits-n47tn-under-buhari

Knowing Buhari was printing a lot of money, Tinubu supported Buhari all the way to the end, then “suddenly realized” Buhari destroyed the economy?

Lol
The man speaks from both sides of his mouth and defecates from both sides of his waist..

He supported Buhari on every issue as long as that meant that Buhari would hand over to him.

Now that he has succeeded in "grabbing power and running with it", he has maximum power and doesn't seem to know what to do with it.

The only thing in his mind is to tax, tax and tax..


Set awon "tax and spend" presidency ..
Ndi Tax and Spend

MadPolitician:
Lol
The man speaks from both sides of his mouth and defecates from both sides of his waist..

He supported Buhari on every issue as long as that meant that Buhari would hand over to him.

Now that he has succeeded in "grabbing power and running with it", he has maximum power and doesn't seem to know what to do with it.

The only thing in his mind is to tax, tax and tax..


Set awon "tax and spend" presidency ..
Ndi Tax and Spend

I know jumping into the comments section without reading the main article and digest it will bring this kind of comment or when you have made up your mind not be objective.

If you're in Nigeria during coronavirus and experienced what many Nigerians went through you will understand, many lost their job and their business. Should we now continue like that when we're no more in that situation.

If you want to know the real truth about the new tax regime,watch this video
https://www.facebook.com/otokinie/videos/1757617328450455/?mibextid=rS40aB7S9Ucbxw6v

Lol

@OP.

The only thing you and your co-travellers in ignorance have succeeded doing is to show that primordial hatred of others can indeed comprise intellect and the ability to do basic research to then render even educated folks illiterate.

Tinubu made the valid and economically sound recommendation during COVID 19 while your messiah Obi and the Dubai-dweller Perennial Presidential candidate were silent and nowhere to be found.

This is a policy that made sense to the extent nations adopted it as an emergency strategy to fight a fearful epidemic that plunged humanity into uncertainty over human and economic survival.

Can you or your hero Obi argue economics with Tinubu you should be learning from yet always rushing to insult ? Shior.

Keep shooting yourself in the foot letting hate and emotions dominate your life to keep you ignorant and backwards.

We are led by nitwits who are supported by greater nitwits.

You see this tilumbu ehn . . .

That entity is a weapon fashioned against Nigeria and everyone residing in it

so whats wrong wid dat
our notes dey old and dirty
make dem print again abeg
and change d color to d old style..d thin is confusing awear to god

You’re being too emotional. Use logic and answer this: Is it safe to say Tinubu destroyed Nigeria’s economy under Buhari’s Presidency, and has continued from where he stopped?

WizardOfNG:
@OP.

The only thing you and your co-travellers in ignorance have succeeded doing is to show that primordial hatred of others can indeed comprise intellect and the ability to do basic research to then render even educated folks illiterate.

Tinubu made the valid and economically sound recommendation during COVID 19 while your messiah Obi and ans the Dubai dweller Perennial Presidential candidate were silent and nowhere to be found.

This is a policy that made sense to the extent nations adopted it as an emergency strategy to fight a fearful epidemic that plunged humanity into uncertainty over human and economic survival.

Can you or your hero Obi argue economics with Tinubu you should be learning from yet always rushing to insult ? Shior.

Keep shooting yourself in the foot letting hate and emotions dominate your life to keep you ignorant and backwards.

givedemwotowoto:
This is a rejoinder to Yakubu Dogara, who was recently appointed as Chairman of the Board of the newly established National Credit Guarantee Company by the Tinubu government.

Dogara, in a recent statement, claimed that Buhari destroyed naira through reckless monetary policies, including the printing of N22.7 trillion under the guise of “ways and means.” https://www.nairaland.com/8520797/buharis-printing-22.7trillion-destroyed-naira

Has Dogara forgotten that the man he now works for advised Buhari to print more money, and Buhari did exactly that? Let's refresh everyone's memory in case we have forgotten.



Source: https://punchng.com/tinubu-to-buhari-print-more-naira-notes-suspend-vat/

Print more Naira notes does not mean you should not know when it will be in excess or cause a damage to the economy.

That's the v clown 🤡 in him talking. No vision no sense.

givedemwotowoto:
This is a rejoinder to Yakubu Dogara, who was recently appointed as Chairman of the Board of the newly established National Credit Guarantee Company by the Tinubu government.

Dogara, in a recent statement, claimed that Buhari destroyed naira through reckless monetary policies, including the printing of N22.7 trillion under the guise of “ways and means.” https://www.nairaland.com/8520797/buharis-printing-22.7trillion-destroyed-naira

Has Dogara forgotten that the man he now works for advised Buhari to print more money, and Buhari did exactly that? Let's refresh everyone's memory in case we have forgotten.


Source: https://punchng.com/tinubu-to-buhari-print-more-naira-notes-suspend-vat/

Is there anything that Tinubu and APC stood for in the past that he has not changed?

Is there anything he kicked against that he hasn’t done in the past two years?

How much is petrol today under APC progreThieves

Buhari’ll reduce petrol to N40/L —David-West

FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”

https://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

Petrol should never cost more than N70 per litre, says APC

January 19, 2015

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/

Una go lament tire...since it was the best thing to do at the time, why still blaming buhari and still insisting was what destroyed the economy

WizardOfNG:
@OP.

The only thing you and your co-travellers in ignorance have succeeded doing is to show that primordial hatred of others can indeed comprise intellect and the ability to do basic research to then render even educated folks illiterate.

Tinubu made the valid and economically sound recommendation during COVID 19 while your messiah Obi and ans the Dubai dweller Perennial Presidential candidate were silent and nowhere to be found.

This is a policy that made sense to the extent nations adopted it as an emergency strategy to fight a fearful epidemic that plunged humanity into uncertainty over human and economic survival.

Can you or your hero Obi argue economics with Tinubu you should be learning from yet always rushing to insult ? Shior.

Keep shooting yourself in the foot letting hate and emotions dominate your life to keep you ignorant and backwards.

fmlala:
Print more Naira notes does not mean you should not know when it will be in excess or cause a damage to the economy.

But Tinubu knew all this and supported him till the end and even promised to continue from where he stopped

Peeggs are so dull

Printing more Naira notes is not equivalent to printing more Naira.

Emhefielleh did not really print more Naira notes when he printed more Naira. He simply invoked Naira from thin air and started crediting people's accounts

The hypocrisy in Nigeria is nauseating! Tinubu was going to Abuja to support Buhari every fortonight, telling Nigerians that the then president was doing well even when he knew that he was lying.

givedemwotowoto:
This is a rejoinder to Yakubu Dogara, who was recently appointed as Chairman of the Board of the newly established National Credit Guarantee Company by the Tinubu government.

Dogara, in a recent statement, claimed that Buhari destroyed naira through reckless monetary policies, including the printing of N22.7 trillion under the guise of “ways and means.” https://www.nairaland.com/8520797/buharis-printing-22.7trillion-destroyed-naira

Has Dogara forgotten that the man he now works for advised Buhari to print more money, and Buhari did exactly that? Let's refresh everyone's memory in case we have forgotten.



Source: https://punchng.com/tinubu-to-buhari-print-more-naira-notes-suspend-vat/

Same Tinubu VATting everyone into oblivion, such an irony...

It was at the time the desperate neccesary measure. Do we still have covid?

There’s nothing wrong with printing more money as long as it serves its purpose. Economics textbooks claim money printing always leads to inflation but that’s outdated thinking.

The developed world grew on money printing and speculation. That’s what fuels economic growth. They print huge sums, package them as bonds or TBs and sell them to companies that turn that capital into infrastructure and industries.

Nigerian politician always take us for granted. They can gaslight us and lie keeping a straight face because they know Nigerians don't demand accountability.

How could Dogara, who held a very key role, come out to disparage the same Buhari administration after the death of Buhari.

That said, only fools believe that the current Tinubu's administration is not also printing notes, which we know the end game would be currency redenomination.

There's no exornorating APC from the calamity that APC has 'cost' Nigerians.

We better wake up

Tinubu is a terrible man. He played a major role in destroying Nigeria's economy

The way people bring past articles and take it out of context is pretty disgusting and shows a pandemic of illiteracy. Just because you can read and write doesn't make you intelligent which has been proven with this pattern.

If you go through the article well, it was during the pandemic. That gives you all the context you need. It was easily explained why he encouraged BUHARI to print more naira due to insufficient access to dollars because of covid lock down. Foreign trade was at an all time low. Countries do this a lot and then mop up the excess currency over time once the emergency is over.

If you'll takle Dogara, tackle him with something more logical, not this.

givedemwotowoto:
You’re being too emotional. Use logic and answer this: Is it safe to say Tinubu destroyed Nigeria’s economy under Buhari’s Presidency, and has continued from where he stopped?

During the height of COVID, countries took necessary measures to protect their citizens. Someone had to fund the palliatives while many were unemployed—you need to think this through. Using this hardship as propaganda weaponizes the people’s pain. Like naira scarcity, COVID-19 caused widespread hardship for all.

MadPolitician:
Lol
The man speaks from both sides of his mouth and defecates from both sides of his waist..

He supported Buhari on every issue as long as that meant that Buhari would hand over to him.

Now that he has succeeded in "grabbing power and running with it", he has maximum power and doesn't seem to know what to do with it.

The only thing in his mind is to tax, tax and tax..


Set awon "tax and spend" presidency ..
Ndi Tax and Spend

You people are always rushing to speak ignorantly to confirm the claim the black man does not like to read.

There is no "speaking from both side of the mouth" from PBAT. Only your ignorance and the desperation to demarket and demonize PBAT, so Obi profits electorally, driving the desperate claim of you and OP.

Tinubu made the valid and economically sound recommendation during COVID 19 while your messiah Obi and ans the Dubai dweller Perennial Presidential candidate were silent and nowhere to be found.

This is a policy that made sense to the extent nations adopted it as an emergency strategy to fight a fearful epidemic that plunged humanity into uncertainty over human and economic survival.

Tinubu did not ask Buhari to print money when Nigerians were back to work, factories, businesses and commercial activities of private/public sector back to normal.

That was on Buhari and his 'inner crew' of Maman Daura, Malami, Emefiele and co. We were all alive to note this and even saw Tinubu bravely criticising some of Buhari's wrong decisions while Obi and Atiku were nowhere to be found.

Yet you people now want to say PBAT instigated Buhari to print money amongst the million other things you accuse him of "forcing" Buhari to do just so you can attach him to Buhari's cabal-driven failure that did not include Tinubu.

I don't like Obi, from a leadership viewpoint, but won't lie against him because I am not unprincipled and the sort to use anything, including dishonorable antics, to malign him.

I don't need to. His many actually and proven failings are well-documented and plentiful.

Yet I personally and passionately believe Karma, or whatever God a man serves, punishes those who lie and do evil against others deliberately. Keep it up against PBAT.

Mitsurugi:
We are led by nitwits who are supported by greater nitwits.

How come we allowed them to overwhelm us? Can it be that most of us are tribal nitwits pretending to be smart?




https://www.youtube.com/watch?v=dMWUS1W_ITc?si=M1InEaZluYF_LaJw

SeeWahala:
You see this tilumbu ehn . . .

That entity is a weapon fashioned against Nigeria and everyone residing in it

How do we work to save our country from the weapon

anonimi:
“The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.

He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.

The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”

― Bertolt Brecht

The ranking placed Nigeria in 186th position, only after Haiti, among 187 countries of the world. Nigeria is the second country in the world with the lowest voter turnout, worse than war-ravaged Afghanistan and Libya, a new ranking by Picodi has shown.

The ranking placed Nigeria in 186th position, only after Haiti, among 187 countries of the world. Nigeria also ranked worst in Africa. Nigeria’s low voter turnout

PREMIUM TIMES had reported how Nigeria recorded a new low in voter turnout during the last general elections. With a national turnout of 29 per cent, a Premium Times analysis showed that the last election had the lowest participation rate in the country’s six decades of independence.

It further revealed that of the 93.4 million registered voters this year, 87.2 million people collected their Permanent Voters Card and the total number of actual voters on election day was only 24.9 million..The winner of the election, Bola Tinubu, had less than nine million votes, roughly 10 per cent of the total eligible voters.

Another analysis by this newspaper revealed that all the 18 candidates in Nigeria’s February elections received only 27.55 per cent of the total eligible votes.

https://www.premiumtimesng.com/news/top-news/634921-voter-turnout-nigeria-ranks-worlds-second-worst-nation-report.html?utm_campaign=twitter&utm_medium=twitter&utm_source=twitter[/quote]

Useless posting. Can't you guys see rge news nah fake? The the date on the paper clearly confirm the Useless and senseless acts. Make una find another thing talk. PTBAT no stop your papa from. Hustling. Ask yourself wetin do your papa wey him no fit be like PBAT? Shege

lionshare:
During the height of COVID, countries took necessary measures to protect their citizens. Someone had to fund the palliatives while many were unemployed—you need to think this through. Using this hardship as propaganda weaponizes the people’s pain. Like naira scarcity, COVID-19 caused widespread hardship for all.

But Tinubu supported Buhari all the way to the end knowing exactly what Buhari was doing, even promised to continue from where Buhari stopped. What else do I need to think through?