₦airaland Forum

BlackViper:
My question is, of what use are educational qualifications in Nigeria when it comes to judging competence?

How is it that a man who never saw the 4 walls of a university was better able to manage Nigeria’s economy than a man who was allegedly trained in one of the best universities in the United States?

oyebanji:
This is being clever by half. What is the dollar value of the loans for the 2 periods?
To put this in context, under Buhari, Naira to USD was averagely N320 while under Tinubu its averagle N1400. At Buharis N75trn and Tinubu's N65trn, loans under Burai is $234bn while same under Tinubu is $46bn.

TruthHurts1:
Buhari was paying trillions annually to subsidise fuel prices, yet Nigeria’s debt profile was 3 times lower under him.

Meanwhile Tinubu in his first two years in office has almost amassed the same amount of debt that Buhari accumulated after 8 years in office despite Tinubu not having to pay fuel subsidy.

I'm beginning to think we were unfair to Buhari

Eniitankorede:
Can you exchange that into dollars please? I want to see something. Afterall, debts will be paid in dollars, not naira.
Secondly, apart from second Niger bridge, show me any other major projects of Buhari. Tinubu is building the two longest roads in Nigeria at same time. He is building railways all over the country. Governors have triple money on what they used to get under Buhari. Where did all that come from? If your governor is not helping to reduce poverty among his people, whose fault is that?

yemre:
You can insult him all you want. The fact remains that he's not poor and he doesn't even know you exist!

TruthHurts1:
Buhari was paying trillions annually to subsidise fuel prices, yet Nigeria’s debt profile was 3 times lower under him.

Meanwhile Tinubu in his first two years in office has almost amassed the same amount of debt that Buhari accumulated after 8 years in office despite Tinubu not having to pay fuel subsidy.

I'm beginning to think we were unfair to Buhari

princeade86:
and tell us who made it possible for dollars to be in that position.

Mainmanpadi:
you are very blind i must say, may be na ur papa construct the road from Keffi down to makurdi

TruthHurts1:
Buhari was paying trillions annually to subsidise fuel prices, yet Nigeria’s debt profile was 3 times lower under him.

Meanwhile Tinubu in his first two years in office has almost amassed the same amount of debt that Buhari accumulated after 8 years in office despite Tinubu not having to pay fuel subsidy.

Olodo the money was borrowed in dollars not naira.


I'm beginning to think we were unfair to Buhari

Wispower:
How did a less educated man manage to keep exchange rate lower than over rated educated man? Subsidy was removed and Naira floated without a sound export status,
Stop defending undefendable, you're doing your work but do it with sense ok, under 2yrs your employer out borrowed his predisesso and you are not ashamed to defend your undefendable Boss

Wispower:
How did a less educated man manage to keep exchange rate lower than over rated educated man? Subsidy was removed and Naira floated without a sound export status,
Stop defending undefendable, you're doing your work but do it with sense ok, under 2yrs your employer out borrowed his predisesso and you are not ashamed to defend your undefendable Boss

philiancoop:
So buhari supported naira with funds and tinubu removed the naira support funds and still borrowed more than buhari who spent on naira support?

dalass:
FOREX.... Naira to Dollar rate is what makes it so. Naira is about 10 times cheaper now than buhari era...

Wispower:
How did a less educated man manage to keep exchange rate lower than over rated educated man? Subsidy was removed and Naira floated without a sound export status,
Stop defending undefendable, you're doing your work but do it with sense ok, under 2yrs your employer out borrowed his predisesso and you are not ashamed to defend your undefendable Boss

BlackViper:
#Statisense
(Debt Management Office)

Source

Eniitankorede:
Can you exchange that into dollars please? I want to see something. Afterall, debts will be paid in dollars, not naira.
Secondly, apart from second Niger bridge, show me any other major projects of Buhari. Tinubu is building the two longest roads in Nigeria at same time. He is building railways all over the country. Governors have triple money on what they used to get under Buhari. Where did all that come from? If your governor is not helping to reduce poverty among his people, whose fault is that?

franudi:
Tinubu has moved Nigeria 100 years backwards. Whose duty is it to improve the value of naira? Stop supporting evil.

Eniitankorede:
Can you exchange that into dollars please? I want to see something. Afterall, debts will be paid in dollars, not naira.
Secondly, apart from second Niger bridge, show me any other major projects of Buhari. Tinubu is building the two longest roads in Nigeria at same time. He is building railways all over the country. Governors have triple money on what they used to get under Buhari. Where did all that come from? If your governor is not helping to reduce poverty among his people, whose fault is that?

Choiceone1:
Has he even built half of the two roads? When they started the roads they told us private organisations will raise the funds what u are saying contradicting what they told us.

TruthHurts1:
Buhari was paying trillions annually to subsidise fuel prices, yet Nigeria’s debt profile was 3 times lower under him.

Meanwhile Tinubu in his first two years in office has almost amassed the same amount of debt that Buhari accumulated after 8 years in office despite Tinubu not having to pay fuel subsidy.

I'm beginning to think we were unfair to Buhari

Eniitankorede:
Those are not the only projects.

Choiceone1:
it's not easy to defend at all I understood everything

dalass:
The news reporters. are mischievous, they should do the report in dollars ...

So for example, use the dollar to naira ratio of 150naira/1$ Buhari era to a Tinubu era and you will see that let's $1M x 150= 150 million Naira compared to let's say 1500/1$ , nowadays will make it 1500x 1M which is 1.5 billion.

Clearly in naira, the figure is much bigger in Tinubus time than Buhari era but the Dollar borrowed is lower now,