₦airaland Forum

AdolfHitlerxXx:
I criticised OBJ as a President. He was a huge failure.

But unfortunately, Presidents after him have been progressively worse.

If OBJ scored 30%, the subsequent 19%, 15%, 8% of his successors are making him look like Albert Einstein.

Tinubu is an all time great politician but as a President, his performance has been below par.

And please don't mention Peter Obi here. That one didn't even succeed as a Governor.

NOTE : use Google Translate if my comment is hard for you to understand. No be say make you go MirakuruCenter

Umar Musa yar'adua wanted to try, but his health....

nairalanda1:
The guy says that Obasanjo paid off our debt, as if he somehow paid off all the debt we had at the time like that, and he didn't mention the circumstances under which Obasanjo paid off the debt

That is what I was correcting.

Bro you are vomiting rubbish. All what you typed is bladderdash. Obasanjo seek debt forgiveness with madam Okonjo Iweala and all Nigeria's debts he met on ground were written off so why are you beating around the bush ?

ElSudani:
Basically, Tinubu has been president since OBJ left office. This type of laughable criticism is the reason many critics are not taken seriously.
Throwing different things and hoping one will stick.
Where was the economy and the debt profile when Tinubu took over?
The same Nigeria where you were using Naira to buy Naira?

Tinubu has been borrowing for legacy projects like the Coastal road and the Badagry-Sokoto road projects.

These projects are not a presssing necessity. They are vote winners for Tinubu. Thats why he and the former finance minister fell out. He preferred to use federal money to pay salaries and other pressing needs rather than pay contractors.

Borrowing and borrowing and putting the money in a pocket with many deep holes

Gotocourt:
Nigerians will rebel against tax next year when the implementation starts.
I suffered before getting Tax Clearance Certificate yesterday 😥

I thought the implementation was to start this year 🤔

neyop85:
When someone like Obasanjo speaks you will know he is hurting with jealousy and hatred. This same Obasanjo ruined our power sector, 20 billion dollars was pumped into the sector without a single success story. Lagos-Ibadan expressway was left in complete comatose, railway was a mess, no single legacy project from this old man. During his time, crude oil was sold above 100 dollars per barrel and yet no single legacy project.
Today, look at projects such as Lagos-calabar coastal road, Sokoto-Badagry expressway, student loans, free tuition and stipend for technical students nation wide, Muritalah Muhammed Airport complete remodelling and rehabilitation after decades of neglect, every geopolitical zone currently has major project ongoing. Yet, Obasanjo who had massive oil windfall couldn't even rehabilitate Lagos-Ibadan expressway (an exisiting major road). This man has no moral justification to critic Tinubu who is building roads from scratch.
Obasanjo's regime wasn't disturbed with insecurity, not because he was excellent as a leader but because Gadaffi was in power in Libya and thus the sahel wasn't destabilized. Despite that, despite the security stability, he achieved nothing.
By the time Tinubu is done, his successes will further destroy Obasanjo and label him a crook and thief for all to see.

Speaking out of your ... Do you even know what $20 billion is? The actual investment in power plants was $8 billion and the results were there until subsequent governments came in. Wasn't NEPA privatised in 2013 by Jonathan and because of minimal government oversight, the outfit was totally mismanaged? Who told you Obasanjo's regime wasn't disturbed with insecurity? Wasn't Boko Haram already functional when he was president? Didn't he meet with their leader and kept him in his place? Do you even know the might of Nigeria's military at the time or why they used to call Nigeria giant of Africa then? Why was he the one sending troops to Liberia and Sierra Leone, even Kenya and Uganda while Gaddafi was alive?

Nigeria had over 70 billion dollars in excess crude and foreign reserves when he left. He lobbied debt forgiveness and reduced Nigeria's debt from $36 billion (1999) to around $3 billion (when he left) before the wolves came in. You're talking gibberish.

AdolfHitlerxXx:
You still confirmed my diagnosis.

Just put the comment in Google Translate. It does not seem you have the requisite equipment to comprehend my comment. Just give up

Deflecting won’t help when the real issue is selective comprehension. You understood perfectly when criticizing Obasanjo, but suddenly your brain develops buffering issues once Tinubu’s failures enter the conversation.

You can chose to become a Nairaland doctor, diagnosing other comments but refused to diagnose yourself and acknowledge the fact that there's a disconnect somewhere between your medulla oblongata and your ability to think

nairalanda1:
Some flaws in your argument

1. The presidency/leadership HAS always been a honey pot of patronage...you need to see the Second republic for example, where there might have been a very large number of ministers self.
It has to do with the constituton in a way...federal character laws, which were a result of the civil war, mandates that the president should appoint people from all the states, on an equitbale basis. Hence the bloating
(Army rule was able to reduce ministries...Buhari millitary ran a government with 13 mininstries for example...because constituton was suspended, and a frugal millitary ruler could cut costs easily by decree.)

2. The problem by the way started in the 1960's.

And it is part of the sharing money economics nigeria has done

P.S : Tinubu is doing the same.


Refineries didn't work because subsidy made it impossible for them to work. Obasanjo wanted to remvoe subsidy (and did do partial removals)...but since most Nigerians said no, he had no choice.

Subsides prevent profit making in refineries by essentially forcing NNPC to sell product below production costs. The result is their eventual ruin.

(We were warned that we could not have working refinereis with subsidy in 1992. Then we had 4 working refineries. Nigerians said no. BY 1994, the first TAM was missed, and monies saved from routine partial removal of subsides were channeled into government patronage projects. The ruin began)>

Also, the debt deal was a good deal. The problem though, was that there wasn't enough effort to adress the real problem...poor revenue intake from taxation and also the issue of poor economic diversification.


Elections have been alleged to be rigged since 1960...so, let's not go there. Obasanjo was just continuing a long process

And anyway, most Nigerians do vote for PDP...speaking as a cynic who thinks they were awful and has refused to vote for them. In my experience, nigerians will complain about this party and that party, and then, when election times come...will vote for the same party

Any vote for lesser candidates who are not part of the politcial elite..is seen as a wasted vote.



Yes, by removing subsides, which freed up more money. And yes, we are still borrowing for consumption (Where do you think monies for education, electricity and healthcare subsides come from?).

Nigeria has a poor tax intake, and a poor non oil revenue intake. Most of this year's budget was based on borrowing. The high oil prices may help us a bit, but for most of the time, oil prices have been too low to fund budgets (except in 2008 when oil was above 140 per liter for a large part of the year. That was the year that parsimonous miser called Yaradua was asking ministries to return unspent money to the treasury..lol)

The high debt to service revenue ratio was also that high because covid so crashed oil prices, that borrowing had to be ramped up. We litterally had no choice.

All in all, it still shows APC has failed in raising non oil revenue (Jury is still out on tinubu tax reforms, but on everything else, zero)


Nigeria has always been in trobule fiscally because the basis of government revenues has been whatever raw materials we sell. At prices we do not control.Since independence. FOr such a model to work, the population of the country would have to be less than five million people.

This analysis moves beyond the immediate performance of any single administration to examine the structural and historical bottlenecks that have constrained governance in Nigeria for decades. This perspective suggests that the issues are not merely about who is in the State House, but about the fundamental design of the Nigerian state.

1. The Constitutional Mandate for Inefficiency
The argument regarding the bloated cost of governance often overlooks that the 1999 Constitution effectively mandates a high overhead. Section 147(3), requiring a minister from every state, ensures a large cabinet regardless of economic necessity. This Federal Character principle, intended to ensure inclusivity after the civil war, has evolved into a system where the government acts as the nation’s primary employer. Consequently, every administration finds itself trapped in a structure where political stability is frequently bought through patronage.

2. The Rent Seeking Trap and Resource Curse
The sharing money economics mentioned in your feedback is the result of a rentier state model. Since the 1970s, Nigeria’s revenue has been tied to international oil prices, which are variables completely outside of local control. When prices are high, the state funds subsidies and consumption; when they crash, as seen during the COVID-19 era and subsequent global shifts, the state is forced to borrow just to maintain basic functions. This cycle makes long term planning nearly impossible, as the budget is always a hostage to global volatility.

3. The Subsidy Paradox and Infrastructure
The debate over refineries and subsidies highlights a deeper problem: the trust deficit between the people and the state. Because Nigerians have historically seen so little return from their government in terms of healthcare or education, the fuel subsidy became the only tangible benefit of being an oil producing nation. Removing it creates immediate hardship. While infrastructure like the new concrete highways aims to lower long term logistical costs, such as the 15,000 Naira transport fee for livestock, the immediate inflationary pressure often erodes public patience before the benefits can manifest.

4. Subnational Accountability and Federalism
A significant flaw in the national discourse is the President centric view of failure. In a federation, the 36 states and 774 local governments receive a substantial portion of the federation account; however, accountability at the subnational level is often non existent. When states fail to generate internal revenue or invest in rural roads that would help that goat businessman, the blame is centralized at the presidency. This creates a lopsided democracy where the center is expected to fix everything while the parts operate with minimal scrutiny.

5. The Erosion of the Social Contract
Voter apathy is perhaps the most dangerous legacy of the last twenty five years. When successive governments, regardless of party, ride into power on promises of change only to be met by the same structural walls of debt and low revenue, the citizen begins to see the ballot as a futile exercise. This is a systemic failure to deliver a version of democracy that improves the bottom line for the average Nigerian.

Ultimately, the crisis of governance in Nigeria appears to be a clash between a 20th century political structure and 21st century economic realities. The constitutional requirement for a bloated cabinet leads to high recurrent expenditure and low capital investment. The volatile nature of oil revenue combined with high consumption patterns necessitates painful borrowing during price dips. Long term subsidy regimes have led to refinery failure, massive foreign exchange leakage, and energy insecurity.

Until the underlying sharing model is replaced by a productive model, the results of governance may continue to feel frustratingly similar across different administrations.

GeneralOuki:
I thought the implementation was to start this year 🤔

It passed into law, charges is after one year 📌💯

Fuckyoumod:
The debt is scary. What is subsidy money used for, where is subsidy money?

The annoying part is we are not seeing anything meaningful from this useless govt.

.. they used the subsidy money to buy flashy cars, buy houses, mansions in abroad, fly around with private jets..it's a pity

We all know tinubu is a complete failure
He will be booted out in 2027

I did not know Obasanjo can talk like this

Drunken sailor?

That's what you get when you vote for a leader who believes borrowing makes a country great... Forgotten that any country with its own natural resources can be great without borrowing. Now you will know that all those shit hole slogan "he built Lagos" he did not actually build Lagos, him nyash don open now

zegxy:
He's a GenZ,he was a toddler when Obasanjo was a president. He's just doing copycat from the basis of what he heard ignorant folks like him vomitting on the internet.
🤣🤣🤣🤣🤣

Oh thanks I see. Now I understand .

Baba Iyabo is using style to campaign for Obi/Kwankwaso he had meetings with before and advised to form coalition together. Now, Obi and kwankwaso are together. He wants to use tactics to discourage people about Tinubu so they can vote for Obi. Unfortunately, Obi and kwankwaso can not sell for 2027, they may just be Andrew-liver salt again.

He borrows and he is always aware of paying back like he did before. At least, people see the infrastructures across the country he build with the money. There are some infrastructures you can do without borrowing money for even if you have the money as his economic team already explained in one of their previous engagement with public on issue of borrowing

AdolfHitlerxXx:
I criticised OBJ as a President. He was a huge failure.

But unfortunately, Presidents after him have been progressively worse.

If OBJ scored 30%, the subsequent 19%, 15%, 8% of his successors are making him look like Albert Einstein.

Tinubu is an all time great politician but as a President, his performance has been below par.

And please don't mention Peter Obi here. That one didn't even succeed as a Governor.

NOTE : use Google Translate if my comment is hard for you to understand. No be say make you go MirakuruCenter

When u guys makes blank statement like this
It is good you guys back it up with facts.
What the world in general use in rating development of any particular country or state at any time are HDI, GDP, ..... etc.
Now since the coming of the 4th republic in 1999, no governor has ever come close to Obi in any of these areas
So i ask, do you know what development indices are?

It will end in sorrow for all of una. 2027 is a stone throw away......

Polling booth is not on social media......you will all move to Cameron after the election where you buy petrol for 50 kobo, electricity for free and N1 for $10 😁😁😁

SpecialAdviser:
Many of his useless urchins who eat from the crumbles of the table will dispute this

They will come for you pa OBJ. These people have sold their souls to the devil. How can a president who loves his country borrow his country into such debt without proper accountability? Just sharing money and buying over politicians that will collect the money and invest abroad while the indigenes die in hunger.

Tinubu’s plan is to borrow and steal 1 quadrillion naira (1Q) for his family. But no worries. Obi will clear the debt and also bring jobs, infrastructure and prosperity from 2027.

DrTee1:
This analysis moves beyond the immediate performance of any single administration to examine the structural and historical bottlenecks that have constrained governance in Nigeria for decades. This perspective suggests that the issues are not merely about who is in the State House, but about the fundamental design of the Nigerian state.

1. The Constitutional Mandate for Inefficiency
The argument regarding the bloated cost of governance often overlooks that the 1999 Constitution effectively mandates a high overhead. Section 147(3), requiring a minister from every state, ensures a large cabinet regardless of economic necessity. This Federal Character principle, intended to ensure inclusivity after the civil war, has evolved into a system where the government acts as the nation’s primary employer. Consequently, every administration finds itself trapped in a structure where political stability is frequently bought through patronage.

2. The Rent Seeking Trap and Resource Curse
The sharing money economics mentioned in your feedback is the result of a rentier state model. Since the 1970s, Nigeria’s revenue has been tied to international oil prices, which are variables completely outside of local control. When prices are high, the state funds subsidies and consumption; when they crash, as seen during the COVID-19 era and subsequent global shifts, the state is forced to borrow just to maintain basic functions. This cycle makes long term planning nearly impossible, as the budget is always a hostage to global volatility.

3. The Subsidy Paradox and Infrastructure
The debate over refineries and subsidies highlights a deeper problem: the trust deficit between the people and the state. Because Nigerians have historically seen so little return from their government in terms of healthcare or education, the fuel subsidy became the only tangible benefit of being an oil producing nation. Removing it creates immediate hardship. While infrastructure like the new concrete highways aims to lower long term logistical costs, such as the 15,000 Naira transport fee for livestock, the immediate inflationary pressure often erodes public patience before the benefits can manifest.

4. Subnational Accountability and Federalism
A significant flaw in the national discourse is the President centric view of failure. In a federation, the 36 states and 774 local governments receive a substantial portion of the federation account; however, accountability at the subnational level is often non existent. When states fail to generate internal revenue or invest in rural roads that would help that goat businessman, the blame is centralized at the presidency. This creates a lopsided democracy where the center is expected to fix everything while the parts operate with minimal scrutiny.

5. The Erosion of the Social Contract
Voter apathy is perhaps the most dangerous legacy of the last twenty five years. When successive governments, regardless of party, ride into power on promises of change only to be met by the same structural walls of debt and low revenue, the citizen begins to see the ballot as a futile exercise. This is a systemic failure to deliver a version of democracy that improves the bottom line for the average Nigerian.

Ultimately, the crisis of governance in Nigeria appears to be a clash between a 20th century political structure and 21st century economic realities. The constitutional requirement for a bloated cabinet leads to high recurrent expenditure and low capital investment. The volatile nature of oil revenue combined with high consumption patterns necessitates painful borrowing during price dips. Long term subsidy regimes have led to refinery failure, massive foreign exchange leakage, and energy insecurity.

Until the underlying sharing model is replaced by a productive model, the results of governance may continue to feel frustratingly similar across different administrations.

This is obviously AI. But apt analysis

sreamsense:
Baba Iyabo is using style to campaign for Obi/Kwankwaso he had meetings with before and advised to form coalition together. Now, Obi and kwankwaso are together. He wants to use tactics to discourage people about Tinubu so they can vote for Obi. Unfortunately, Obi and kwankwaso can not sell for 2027, they may just be Andrew-liver salt again.

He borrows and he is always aware of paying back like he did before. At least, people see the infrastructures across the country he build with the money. There are some infrastructures you can do without borrowing money for even if you have the money as his economic team already explained in one of their previous engagement with public on issue of borrowing

You made zero sense

zegxy:
Bro you are vomiting rubbish. All what you typed is bladderdash. Obasanjo seek debt forgiveness with madam Okonjo Iweala and all Nigeria's debts he met on ground were written off so why are you beating around the bush ?

Written off after paying $12 billion to get 18 billion written off.
If the 12 was invested in agriculture the entire debt would have been paid off by now and Nigeria would have been better for it.
All the folks on this thread crying of hunger would probably not be doing so.

DrTee1:
This analysis moves beyond the immediate performance of any single administration to examine the structural and historical bottlenecks that have constrained governance in Nigeria for decades. This perspective suggests that the issues are not merely about who is in the State House, but about the fundamental design of the Nigerian state.

1. The Constitutional Mandate for Inefficiency
The argument regarding the bloated cost of governance often overlooks that the 1999 Constitution effectively mandates a high overhead. Section 147(3), requiring a minister from every state, ensures a large cabinet regardless of economic necessity. This Federal Character principle, intended to ensure inclusivity after the civil war, has evolved into a system where the government acts as the nation’s primary employer. Consequently, every administration finds itself trapped in a structure where political stability is frequently bought through patronage.

2. The Rent Seeking Trap and Resource Curse
The sharing money economics mentioned in your feedback is the result of a rentier state model. Since the 1970s, Nigeria’s revenue has been tied to international oil prices, which are variables completely outside of local control. When prices are high, the state funds subsidies and consumption; when they crash, as seen during the COVID-19 era and subsequent global shifts, the state is forced to borrow just to maintain basic functions. This cycle makes long term planning nearly impossible, as the budget is always a hostage to global volatility.

3. The Subsidy Paradox and Infrastructure
The debate over refineries and subsidies highlights a deeper problem: the trust deficit between the people and the state. Because Nigerians have historically seen so little return from their government in terms of healthcare or education, the fuel subsidy became the only tangible benefit of being an oil producing nation. Removing it creates immediate hardship. While infrastructure like the new concrete highways aims to lower long term logistical costs, such as the 15,000 Naira transport fee for livestock, the immediate inflationary pressure often erodes public patience before the benefits can manifest.

4. Subnational Accountability and Federalism
A significant flaw in the national discourse is the President centric view of failure. In a federation, the 36 states and 774 local governments receive a substantial portion of the federation account; however, accountability at the subnational level is often non existent. When states fail to generate internal revenue or invest in rural roads that would help that goat businessman, the blame is centralized at the presidency. This creates a lopsided democracy where the center is expected to fix everything while the parts operate with minimal scrutiny.

5. The Erosion of the Social Contract
Voter apathy is perhaps the most dangerous legacy of the last twenty five years. When successive governments, regardless of party, ride into power on promises of change only to be met by the same structural walls of debt and low revenue, the citizen begins to see the ballot as a futile exercise. This is a systemic failure to deliver a version of democracy that improves the bottom line for the average Nigerian.

Ultimately, the crisis of governance in Nigeria appears to be a clash between a 20th century political structure and 21st century economic realities. The constitutional requirement for a bloated cabinet leads to high recurrent expenditure and low capital investment. The volatile nature of oil revenue combined with high consumption patterns necessitates painful borrowing during price dips. Long term subsidy regimes have led to refinery failure, massive foreign exchange leakage, and energy insecurity.

Until the underlying sharing model is replaced by a productive model, the results of governance may continue to feel frustratingly similar across different administrations.

I would like to hear your answer in your words, not in AI.

zegxy:
Bro you are vomiting rubbish. All what you typed is bladderdash. Obasanjo seek debt forgiveness with madam Okonjo Iweala and all Nigeria's debts he met on ground were written off so why are you beating around the bush ?

Thank you, and congrats on passing your primary five end of term exam.

dettolgel:
What circumstances? Circumstances created by the lobbying of Africans leaders then, which Obj was part of?

I am just curious, please I would like to understand the following based on your presentation of the issue:

1. Under what circumstance would have the debt repayment be 100 percent acceptable to you and worthy of praise?
2. Under what circumstance do you think that Tinubu borrowing is justifiable and worthy of praise or not by you?

Enjoy your government, old man.

All politicans are the same. I am here to describe what is wrong with our various governments.

Shikena:
True. Calling what happened under OBJ paying off of debt is clear misrepresentation of facts. Nigeria did not pay off the debts

Nor did it solve the issues that led to the debt., and still hasn't up till now.

Thank God say no be igbo person talk am now even yarimo himself know say tinubu is a failure buh that derica of rice dey scatter him head

JimD:
This is obviously AI. But apt analysis

If all I have written is AI, then I am apparently operating at legendary levels.

Warm regards.

AdolfHitlerxXx:
I criticised OBJ as a President. He was a huge failure.

But unfortunately, Presidents after him have been progressively worse.

If OBJ scored 30%, the subsequent 19%, 15%, 8% of his successors are making him look like Albert Einstein.

Tinubu is an all time great politician but as a President, his performance has been below par.

And please don't mention Peter Obi here. That one didn't even succeed as a Governor.

NOTE : use Google Translate if my comment is hard for you to understand. No be say make you go MirakuruCenter

lol see this one he said OBI didnt succeed as a governor see the way he sound

dettolgel:
In your statement you said he paid what was left after a portion of the debt was forgiven, and then you turned around to say "he didn't pay it off the way you mean it". I am curious to understand what other meaning one could deduce from the fact that we had debt and it was paid off.

The guy is confused

nairalanda1:
I would like to hear your answer in your words, not in AI.

The challenge with a sound argument shouldn't be whether it is too perfect. It should be about it's quality. If the quality is so sound as to be considered to be mechanical, then that's brilliant reasoning by it's author.

However, even with AI and machine assistance, proper counter arguments can be made if the originating analogy is defective.

Regards.

DrTee1:
The challenge with a sound argument shouldn't be whether it is too perfect. It should be about it's quality. If the quality is so sound as to be considered to be mechanical, then that's brilliant reasoning by it's author.

However, even with AI and machine assistance, proper counter arguments can be made if the originating analogy is defective.

Regards.

I would like to hear you in your words, not AI. Don't let AI take your ability to reason things away. I am not saying this to put you down, I am saying this out of concern.

AI doesn't create good arguments, good art or anything good.

Use your words, man and respond to my previous post.

doncartel:
Tinubu’s plan is to borrow and steal 1 quadrillion naira (1Q) for his family. But no worries. Obi will clear the debt and also bring jobs, infrastructure and prosperity from 2027.

Spoken like a true novice. Anyone that takes over from Tinubu literally has a mountain to climb. Massive debt, bad policies, insecurity, nepotistic appointments, massive fraud tracing. They literally might not be able to achieve anything in year one and two.