Economy: Nigeria Up, Argentina Collapsing - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Economy: Nigeria Up, Argentina Collapsing (1013 Views)
| Economy: Nigeria Up, Argentina Collapsing by DeLaRue(op): 7:17am On Sep 24, 2025*. Modified: 11:19am On Sep 24, 2025 |
While Mr Tinubu's administration has successfully stabilised Nigeria's economy and the roll off of positive economic news is now a weekly, and in some cases, daily event, Argentina's economy is collapsing, the same Argentina that Mr Atiku was citing as an example of economic reforms and progress less than a year ago. I also remember several of Mr Obi's supporters hailing the Argentinian president Mr Millie and holding him as an example of a 'good' leader, while casting Mr Tinubu as a terrible and failing one. Argentina's economy, particularly its currency, is collapsing. Trump's America was forced to rush out news early on Monday announcing that the USA would help and support Argentina with billions of dollars to stabilise the Argentinian currency, the peso, which has more or less collapsed in the past 2 weeks. How the tides have turned. Nigeria and Argentina were more or less facing the same challenges as of last year, but while Nigeria has turned its economy around, Argentina's is falling into the abyss despite Mr Millies borrowing over $40 billion dollars in less than 2 years to support the Argentinian peso, yet the currency has failed. I will continue to rate Mr Tinubu as the best President Nigeria has had since its independence, 65 years ago. Full stop. The man literally saved us from economic armageddon from which no other country would have come to save us. |
| Re: Economy: Nigeria Up, Argentina Collapsing by mrvitalis(m): 7:40am On Sep 24, 2025 |
DeLaRue:Nigerian GDP went from 375 billion dollars to just over 200 billion today since 2023 Argentina GDP went from 646 billion in 2023 to 669 billion dollars in 2025 And a human being with sense thinks Nigeria is doing better than Argentina Some of you are funny ooh Argentina borrowed 44 billion dollars and their GDP have grown by same amount Tinubu borrowed over 15 billion dollars and our GDP dropped by 200 plus billion ... Of Argentina rebase their GDP they would be a trillion dollars economy |
| Re: Economy: Nigeria Up, Argentina Collapsing by amazingspiderma: 7:44am On Sep 24, 2025 |
Always looking for something bad to justify your failure. |
| Re: Economy: Nigeria Up, Argentina Collapsing by Commentor: 7:53am On Sep 24, 2025 |
amazingspiderma:Why were you celebrating Milei and Argentina back then. Support Argentina with your chest. ![]()
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| Re: Economy: Nigeria Up, Argentina Collapsing by mrvitalis(m): 7:58am On Sep 24, 2025 |
Commentor:So this news is what you based your opinion on? Yes Argentina needs rescue because their GDP have only gone from 645 billion to 669 billion in 2 years even without rebase ... That's bad But what would you say of a nation that have it's GDP go from 375 billion to 180 billion to 230 billion after rebase.... Collapsed? |
| Re: Economy: Nigeria Up, Argentina Collapsing by Jamestown123: 8:21am On Sep 24, 2025 |
mrvitalis:Poverty have crippled most of Nigerians brain. We celebrate trash all the time. |
| Re: Economy: Nigeria Up, Argentina Collapsing by Racoon(m): 10:09am On Sep 24, 2025 |
"Only power-drunk, brain-damaged people who are unmoored from reality and dissociated from the real world would even joke (let alone assert with a straight face) that Nigeria’s economy has improved or stabilized, and that corruption is being fought or has ceased to exist......" https://www.farooqkperogi.com/2025/09/tinubus-presidential-dissociative.html?m=1 |
| Re: Economy: Nigeria Up, Argentina Collapsing by peleson1: 10:34am On Sep 24, 2025 |
DeLaRue:Thank PDP, gej and Dangote for making sure Nigeria has a functional refinery that is gradually stabilizing naira while Tinubu and APC are busy destroying our economy stealing everything at sight and suffering the masses . Wike looting our Treasury and others doing same in same APC |
| Re: Economy: Nigeria Up, Argentina Collapsing by lionshare: 10:48am On Sep 24, 2025 |
mrvitalis:The reason Nigeria's GDP dropped significantly in 2023 while Argentina's only saw a mild increase—despite both facing the same challenges—is the same reason Nigeria's macroeconomic indicators are now performing much better than Argentina's. |
| Re: Economy: Nigeria Up, Argentina Collapsing by Ofunaofu: 11:30am On Sep 24, 2025 |
lionshare:The only thing Tinubu ‘stabilized’ is the collapse he orchestrated himself. Nigeria’s economy didn’t just stumble, it was shoved off a cliff by reckless, calamitous, poorly timed policies with no safety net. Comparing GDP trends while ignoring context is just intellectual laziness. Argentina may be struggling, but at least their leaders didn’t light the economy on fire and then take credit for putting out the smoke. Nigeria's improving indicators are like applauding a doctor for stabilizing a patient after nearly killing them with the wrong diagnosis. |
| Re: Economy: Nigeria Up, Argentina Collapsing by mrvitalis(m): 12:00pm On Sep 24, 2025 |
lionshare:Name the macro indicator performing better oga |
| Re: Economy: Nigeria Up, Argentina Collapsing by NSNO(m): 12:10pm On Sep 24, 2025 |
I always knew Argentina will fail. It was obvious from the start. There are certain steps a leader will take that you'll just know that he is not well-equipped to strengthen the economy. As for the obidients, don't mind them, they don't like good news. They want this country to fail so that they'll feel better about themselves. Naira is stable, 4% GDP growth, prices of foodstuffs has reduced significantly, our reserves is growing. With all of these and the increased IGR coming by next year, I know that our worst days are behind us. But then you cannot trust our politicians. |
| Re: Economy: Nigeria Up, Argentina Collapsing by SarkinYarki: 12:15pm On Sep 24, 2025 |
The major problem with supporters of Tinubu is that they are not sound ...If you look carefully at the data you will realize Nigeria economy has already failed ..now let's compare data and see who is performing. Nigeria GDP when Tinubu entered - $380bn Nigeria GDP today - $180 bn Nigeria GDP per Capita today - $800 Argentina GDP when Mile entered - 580bn Argentina GDP today - $633bn Argentina GDP per Capita - 13,000 dollars Nigeria life expectancy - 47 years Argentina life expectancy - 81 years Nigeria inflation rate - 33.9 percent Argentina inflation rate .33.3 percent Please we need to stop fooling ourselves , Nigeria is far worse off than Argentina |
| Re: Economy: Nigeria Up, Argentina Collapsing by lionshare: 12:16pm On Sep 24, 2025 |
Ofunaofu:Using your context, it's that collapse that Milei avoided in 2023 that's causing the instability in Argentina now. If only he had the courage to do what was done in Nigeria, he wouldn't be in this situation. Now he can't reverse his policies because of the cost implications, and elections are around the corner. |
| Re: Economy: Nigeria Up, Argentina Collapsing by lionshare: 12:29pm On Sep 24, 2025 |
mrvitalis:Ask ChatGPT if I'm wrong — you're free to call me out with evidence. 'Go and verify. |
| Re: Economy: Nigeria Up, Argentina Collapsing by EvilMerodack(m): 12:55pm On Sep 24, 2025 |
Jamestown123:In a discuss like this where realtime data, facts and figures are being used to stake claims, see wetin you type ![]() And you go be alumnus of one Uni like that o ![]() |
| Re: Economy: Nigeria Up, Argentina Collapsing by SarkinYarki: 12:56pm On Sep 24, 2025 |
lionshare:Name the macro indicator abeg let's compare |
| Re: Economy: Nigeria Up, Argentina Collapsing by mrvitalis(m): 1:01pm On Sep 24, 2025 |
lionshare:Oga there is none |
| Re: Economy: Nigeria Up, Argentina Collapsing by WesleyPepper: 1:09pm On Sep 24, 2025*. Modified: 2:33pm On Sep 24, 2025 |
peleson1:Where is Buhari in all of these . The Buhari that actually made this happen . You left Buhari and started mouthing off those locusts . If not for Buhari, Dangote’s refinery would have remained on drawing board like the 2nd Niger bridge 😂😂 Tinubu is used to this kind of rough of terrain . He is merely draining the swamps . The real magic would happen during Ribadu’s tenure in 2031 when the gains of Tinubu’s brave economic reforms and interventions would manifest . This is akin to how Fashola reaped the massive gains of Tinubu’s wizardry in Lagos |
| Re: Economy: Nigeria Up, Argentina Collapsing by lionshare: 1:23pm On Sep 24, 2025 |
SarkinYarki:How about you compare inflation rate for starters? |
| Re: Economy: Nigeria Up, Argentina Collapsing by peleson1: 1:23pm On Sep 24, 2025 |
WesleyPepper:I have always known that Tinubu is preparing ribadu for the presidential take over from him . It's ok . But Atiku is winning the next election |
| Re: Economy: Nigeria Up, Argentina Collapsing by lionshare: 1:24pm On Sep 24, 2025 |
mrvitalis:Your ChatGPT told you none? Or that’s your assumption? |
| Re: Economy: Nigeria Up, Argentina Collapsing by SarkinYarki: 1:28pm On Sep 24, 2025 |
lionshare:Nigeria inflation rate 33.9 percent Argentina inflation rate 33.6 percent Looks like they are still better off |
| Re: Economy: Nigeria Up, Argentina Collapsing by DaddyJapan(m): 1:45pm On Sep 24, 2025 |
SarkinYarki:The CBN has just announced an interest rate cut for the first time since 2020, on the back of yet another fall in inflation. The inflation rate in Nigeria stood at 20.12% in August 2025, down from 21.68% in July 2025, according to figures released on Monday, September 15 by the National Bureau of Statistics (NBS), representing a decrease of 1.76% between July and August 2025. This downward trend has been confirmed for the fifth consecutive monthSource: https://www.financialafrik.com/en/2025/09/18/nigeria-inflation-falls-by-12-in-a-year
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| Re: Economy: Nigeria Up, Argentina Collapsing by NSNO(m): 2:06pm On Sep 24, 2025 |
DaddyJapan:He is going to say that NBS is lying. |
| Re: Economy: Nigeria Up, Argentina Collapsing by Eboofa: 2:42pm On Sep 24, 2025 |
DeLaRue:You have oil sir........Argentina does not have oil! APC has decimated our oil blessings.....at this point we have almost collateralized all our oil proceeds into the future........thank your stars for diaspora remittances too! |
| Re: Economy: Nigeria Up, Argentina Collapsing by mrvitalis(m): 2:52pm On Sep 24, 2025 |
lionshare:There is none I have done my research prove me wrong |
| Re: Economy: Nigeria Up, Argentina Collapsing by Jamestown123: 3:32pm On Sep 24, 2025 |
EvilMerodack:I pity you |
| Re: Economy: Nigeria Up, Argentina Collapsing by lionshare: 4:43pm On Sep 24, 2025 |
Eboofa:For clarity: they produce oil, export both crude and refined products, and also import some refined petroleum |
| Re: Economy: Nigeria Up, Argentina Collapsing by Obaaderemi2: 4:57pm On Sep 24, 2025 |
lionshare:lobatan |
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