₦airaland Forum

As soon as them increase minimum wages everything increase to collect am back. Who the increase fuel cost go meet back if not the government. In other words you are paying for your own increase wage.

Hungrychicken:
Did Buhari inherit a bad economy from Jonathan?

No,but BAT inherited an economy that was almost bankrupt.

Hmmmmmm 🤔

carzeem1:
When the righteous rule, the people rejoice. Bro na God talk am, no be me. Proverbs 29 Vs 2

Evil people dey rule, hence the pain and suffering. No matter they efforts they put, they people will still suffer.

You can't fake this things and neither can you mock God.

Stop all these agbadorian thinking and statements that are absolutely disgusting. What is GAME here?

You are elected, deliver to the electorate dividends of true leadership, not this constant rhetoric from your APC coven of being a smart Politivian.

People like TUNUBu thrive in a useless country like NIGERIA. In sane Clime he will be jailed and expunged from history books.

Nonsense

AsomughaChuks02:
President Jonathan tried with cash flows but he was a naive politician with little experience in the game.

Alliswell248:
It's obvious you lack zero understanding of how a country economy works....
How many Nigerians benefitted from the fx subsidy during buhari and Gej tenures?
The systemic corruption during their tenures are unprecedented. Nigeria was doing father Christmas with our petrol to other countries, yet some people are milking the economy dry.
Buhari in order to please people allowed the subsidy to continue but we were losing at the international stage. We were borrowing to pay salary. Airlines could not remit their money

I rather lack zero understanding and I am happy with that

And it's needless of you to go around insulting anyone

PDP,APC ADC anything Nigeria politics and all regimes are all corrupt

I wonder how you were to blindsided by my posts that you assumed I said Prior regimes were better

And moreso the reason I don't engage in contributing to politics thread on nairaland,

You lads can't constructively agrue without insults

LordBiden:
No Jonathan only inherited a great economy from umaru yar adua

Silly talk. How long did Umar rule? Weren't you people calling him "go slow", cos you felt things weren't taking shape?

AsomughaChuks02:
President Jonathan tried with cash flows but he was a naive politician with little experience in the game.

The only political experience he lacked was not having rigging skills, he even transformed our electoral system when he introduced,the PVC, and other good reforms in our electoral system. he meant well for Nigerians and Nigeria, and most importantly, he listens when the masses disagree with his policies. he left his second term for Nigerians to decide, and Nigerians decided.
that was it.

LordBiden:
No Jonathan only inherited a great economy from umaru yar adua

So what happened to your buhari that's a heritage the same from Goodluck?

Did he maintain it or not?

LordBiden:
No Jonathan only inherited a great economy from umaru yar adua

APC, PDP or SP.
What I noticed about Dollar in the chart you sent is that it was increase year on year.
And I don't think if any of those people that governed Nigeria when dollar was 80 naira, we stop dollar from getting to1000.
Infact Dollar increase during all of them tenure..
Oooh mistake, it decrease during Tinubu erra cox it was 1900 or so when he was elected.

SouthSouth1914:
Years after, you lots still blame GEJ. How shocking! Disgraceful

Oga, I'm not blaming GEJ, and from yer comment, you did not read to understand.

The issue is that we are a resource dependent economy. And the problem with APC since 2015 is they haven't taken any measures to change it.

Seriously, read clearly

LordBiden:
No Jonathan only inherited a great economy from umaru yar adua

and he kept on improving until he left, what can you say about buhari and this administration?

SeverusSnape:
Support your TUluMbU in peace and stop pretending. Mtcheeww

I support industrializaiton and freedom from corruption and freedom from oil dependency.

So, you think Tinubu supports those things too, or you need to change yer view?

DeepSight:
completely lack any iota of shame.

Yeah, yeah, goodnight little guy.

Abeg let us spend the time and effort correcting the present in order to secure the future.
The only value of the past is to learn from the errors. But even that we cannot muster.

Sometimes I use to wonder, is it truly that our leaders is the problem or are we still under the influence of our colonial masters,

To be sincere to myself, with all these resources that is both under and above Nigeria, we are still lacking behind.

Putting oil aside, we still have enough resources that can still give every citizens of our country a very good and affordable life.

The oil in our country is no longer useful to us, because they are been used as a collatéral to borrow money to build infrastructures, infrastructures that will still spoil or undermaintined get destroyed and borrow another money to rebuild it.

What are we doing with our Gold
Iron
Tin
Aluminum
Zinc


All the hecters of arable lands that can make Nigeria a leading hub for food export.
Nigeria has enough human resources that are capable to generating billions of dollars to the economy.

I still believe that there is still a hand or external powers that is limiting the advancement of Nigeria.

AsomughaChuks02:
President Jonathan tried with cash flows but he was a naive politician with little experience in the game.

Buhari and Tinubu that are Lords in the game what’s the outcome? Lol

AsomughaChuks02:
President Jonathan tried with cash flows but he was a naive politician with little experience in the game.

He wasn't naive oga. He averted a lot of things if you didn't know. When he left, these bastards took over and raised monsters(Boko Haram) and now we're suffering the hardship and destruction brought by these monsters through our present administration, coupled with a senseless president and his cohorts right from 2015 till date

Most nigerians don't get the concept of resource dependency. When they do, they will get why GEJ is a bad leader, and why tinubu is an even worse one.

NO serious nation makes a living from selling resources, serious nations make a living from using resources to make exportable goods.

But the way we measure success in this parts it is by whether this leader built Lagos or was subsidising fuel or whatever.

How many exporting industries did tinubu attract to Lagos. ? Did GEJ Use our excess oil revenue to jumpstart our journey to industrialization instead of paying for subsides so that we could live a lie?

Nigerians self.


DUTCH DISEASE.

If you like, go and use the best AI to prepare the best graphics. Jona’s tenure was a total failure. Ask economists.

Jona and co ran a suppressed economy. That’s not a true reflection of Nigeria and it’s because of people like you- people who are fixated on buying cheap fuels and cheap $$ to import cheap and fake things from China.

obonujoker:
With what we are seeing in the country today, mhen, I really commend and appraise Dr. GoodLuck Jonathan. He was a great leader and Man. Honest no be by Gra Gra.

I remember my 1st Salary as a Field maintenance engineer for Telecom based stations in 2012 - 85,000 per amount. Mhen, Life was good.

Looking at the Stats of Nigerian presidents and their regime, you will do nothing but praise Jonathan. All the evil some people did to Jonathan, it has bounced back on their heads, no wonder nothing they do progresses, instead they inflict more pain and pain. See some stats below 👇

1.💵 NIGERIA’S MINIMUM WAGE OVER THE YEARS (IN NAIRA & USD)

🗓 Olusegun Obasanjo Administration (2000)
🇳🇬 ₦5,500 ≈ $64.04
💱 Exchange rate: 1 USD = ₦85.90

🗓 Olusegun Obasanjo Administration (2004, 2nd term)
🇳🇬 ₦7,500 ≈ $57.69
💱 Exchange rate: 1 USD = ₦130

🗓 Goodluck Jonathan Administration (2011)
🇳🇬 ₦18,000 ≈ $119.15
💱 Exchange rate: 1 USD = ₦151.05

🗓 Muhammadu Buhari Administration (2019)
🇳🇬 ₦30,000 ≈ $82.64
💱 Exchange rate: 1 USD = ₦363

🗓 Current Administration
🇳🇬 ₦70,000 ≈ $50.39
💱 Exchange rate: 1 USD = ₦1,389

*See picture below*... Wish we could go back to Jonathan Era

I remember when yaradua brought petrol back to 65 naira, it was like a dream. First time something actually come down in this con3. So sad he could not finish his first term talk of second. May Allah grant him janah firdaus. I had to say most Nigerian took his quietness for inefficiency. Oya na. Jagaban is here, make everybody shut up.

Galapagous:
I remember when yaradua brought petrol back to 65 naira, it was like a dream. First time something actually come down in this con3. So sad he could not finish his first term talk of second. May Allah grant him janah firdaus. I had to say most Nigerian took his quietness for inefficiency. Oya na. Jagaban is here, make everybody shut up.

And thanks to that N65, our debt grew and continued to grow.And our refineries continued to depreciate.

Same thing tinubu is doing with subsides in power, the power sector is failing because the man is doing the same thing as done for the fuel sector. Forced price controls in the name of helping the poor.

The result is a big disaster either way

Lithiumite:
You people with all your dysfunctional comparative analysis.....the minimum wage to pms price wasn't the real value pre tinubu, previous govts were paying subsidies so if you were to factor what givt was paying thats when you get the real value.... you must also remember that they all were complaining subsidy wasn't sustainable and they all attempted to end it.

When Jonathan removed subsidy, petrol price went from N87 to N145
At 18,000 minimum wage, that gives you 124L still more than double what you get under your god

Why did you guys go to Ojota to dance against subsidy removal when you know it was the best option? Was it hate?

nairalanda1:
Buhari inherited an economy that was already failing in quote for several months.

In 2014, March, oil prices started falling. People who had seen the same story before in 1982, began nodding their heads like agama agama. By January 2015, NOI was prophesying that the economy would be bad, regardless of who won.

So, yes GEJ handed over a bad economy to buhari. Na high oil price he dey use to hide the cracks.

The problem with Buhari and tinubu is that instead of using hard times to shine, dem come dey do borrow borrow to maintain what we had when oil prices were high, because the sane decisions they needed to take to pull us out of danger, they no take because they preferred to be in power rather than do the hard decisions to leave Nigeria a good leagacy

All of our leaders are the same.

Now that oil is price is all time high, how far?

nairalanda1:
So, that means that GEJ had bad government?

Remember the same grid collapses under Timunubu...happened under GEJ, promax.

The reason why the power supply does not work is because GEJ signed a privatizaiton law that prevented them from setting their prices. See the result. (Buhari and tinubu maintained the law).

Also, the man failed to fight corruption, and also refused to commot subsidy totally, because he wanted to get elected. Same reasoning tinubu is using now to refuse to remove electricity subsidy.

The day you realize all our leaders from independence to date are the same in that government revenue comes from whatever raw mateiral we sell, not taxes and what we produce by industries for export, is the day you go stop saying God bless GEJ.

I no dey like APC. Everything your GEJ does, APC dey do am. GEJ in turn just repeated the same mistakes all the predecessors made.

You guys, be it APC, PDP, ADC , always settle for less. You deserve better.

thank you God bless you.. I don't know why people like giving themselves a fake memory.. Things were freaking bad under Gej too no Nigerian Government since 1960 is good.. Let's top deceiving ourselves.

Hungrychicken:
Did Buhari inherit a bad economy from Jonathan?

yes, gej were borrowing to pay salary even when oil price was 140$

mycar:
Now that oil is price is all time high, how far?

it's at all time high but emefiele and Buhari had already sold what we have not even produce for 5 years... Price goes up. Or not the have taken the money and spent it, that's why it's hard for Dangote to get crude oil for the refinery.. Emiefele has used his own part of the money to build those estates, malami schools and hotels, can't even count the rest sef.

Barteze:
Field Maintenance Engineer - 85,000 in 2012? You must be third party employee (contract staff).

Yes, started as a contract staff through Philips consulting, at entry level.

Never really knew what contract staff was then though 😀😀... Na make we don see work be the Koko

mycar:
Now that oil is price is all time high, how far?

Okay, in answering you, I want you to understand I am not here to defend any of our leaders, and that I believe that for Nigeria to have a strong economy, we must be exporting industrial goods, not oil.

Right.

The problem with being on oil is that when prices are high, we live well, and when prices fall, we borrow to maintain the good life of when prices are high, and when prices rise again, the debt we incurred when prices were low have to be paid off. Which means the windfall gets eaten

See the problem

That is what happens when your governments for decades get most of the government revenue from oil sales...80% as at now of govt revenue comes from oil.

Same thing happend between 1973-82, when oil was high, and then after the crash of 82, oil went down so low, that we had to adopt things like SAP and under Abacha some strict fiscal controls and yes, eventually more borrowing to surivive. If we hadn't had most of the debt forgiven in 2005, by 2008, subsidy would have been gone totally, and most of the windfall we had then would have been spent paying off the debt.



Now you know why I say that Nigeria's economy needs to rely on exportable industrial goods we make here from the resources we have here.

Because relying on oil, and continued relying on oil brought us here. Corruption on top made matters worse, I would even argue that because of the tenous nature of our revenue, corruption effects are more harsh than in other countries (and yes, they steal even in developed countries).

That is why I dey look at people that come here to say god bless GEJ, tinubu is a good leader and master strategist, buhari is fixing nigeria, etc, and so on as funny people.

We never learn how to be a sane country.


Thanks for listening.

xxxx999jon:
thank you God bless you.. I don't know why people like giving themselves a fake memory.. Things were freaking bad under Gej too no Nigerian Government since 1960 is good.. Let's top deceiving ourselves.

Nigerians have the kind of mind that once you blast their heroes, you must be supporting their heroes enemies.

Yesterday, I was taking tinubu supporters to task, and dem go call me obident.

Today na GEJ supporters, dem go call me tinubu supporters.

Nigerians do not understand why their country is not working.

M

Josywhyte:
He wasn't naive oga. He averted a lot of things if you didn't know. When he left, these bastards took over and raised monsters(Boko Haram) and now we're suffering the hardship and destruction brought by these monsters through our present administration, coupled with a senseless president and his cohorts right from 2015 till date

boko Haram actually get worse during gej regime