₦airaland Forum

sulaak:
Naira found its level; you can't have three separate currencies. The currency had to be unified. The real issue is that Nigeria doesn't produce anything; we import everything, including bottled water and toothpicks. If your currency is chasing imports, then the value will be low.

Oga. Tell us when Naira lost its level and Tinubu found it.

I remember clearly that during GEJ’s tenure at least for the first 3 years the rate of USD at the banks and bureau d change were the same. If there’s any difference, it’s usually not much, same as under Yaradua and Obj.

The large disparity started under Buhari which Tinubu says both of them are the same.

Now I need you to tell us when Naira ever had its real value or not.

All these are just numbers.
What economic values has these impacted in the lifes of the society? Why so much hardships?

It should get more easier if it was working

franchasng:
In a working country, Bola Tinubu ought to be in a maximum security prison serving a long jail sentence and not occupying the highest office in the nation and using politics of bribery, thuggery, voodoo practice, state capture and tribalism to be destroying Nigeria

NO country ever imprison his past president

sulaak:
Naira found its level; you can't have three separate currencies. The currency had to be unified. The real issue is that Nigeria doesn't produce anything; we import everything, including bottled water and toothpicks. If your currency is chasing imports, then the value will be low.

Unfortunately our people reason with emotions not intellect.

They refuse to analyse and understand the world they live in. Our suffering will simply get worse.

Nigerians Just have to start asking questions and start taking charge of their country. Democracy is not about putting someone in power, in office, in appointment and letting him do whatever he wants.

Nationals of other democracies take active part in governance. In articulating policy, programs and in our case in formulating budgets. We must share in the responsibility of how government generates, distributes and spends our money so that the priorities are right and value is obtained.

It cannot be that we just sit idly to gaze on humongous figures flowing here and there and only a few know what is a really happening. That is not how management/ownership (the people) respond to the way their properties, their investments, their business is run by caretakers (political leadership).

sulaak:
The Naira was devalued in 2023. GEJ should have removed fuel subsidies in 2012.

Continue borrowing foreign exchange to fund subsidies and FX Control, and watch as the Nigerian economy collapses
.

Stop putting mouth on something you have little knowledge about

helinues:
Imagine still asking what the Government is doing. Aren't you the same people who said this government hasn't done a thing, so what's the repetitive question for?

Are Nigerians feeling any positive impact of the fictious budget?

OfficialAPCNig:
Yeah, he has done nothing. So we want to hear from his brothers that claim he ia doing something

....

Crookobi

LordBiden:
Crooknubu.

He and his Lagos boys have stolen everything.

5ThChild:
NO country ever imprison his past president

South Africa
Philippines
Cuba
and many others

They are swallowing the budget.
Bunch of lootocratic kleptomanaics

franchasng:
South Africa
Philippines
Cuba
and many others

Even France and Italy imprisoned their leaders.

Tinubu don triple budget in three years and if we talk now some uneducated Nigerians will be saying rubbish. Please what positive thing as this administration achieved.

Yet poverty dey increase.

sulaak:
Naira found its level; you can't have three separate currencies. The currency had to be unified. The real issue is that Nigeria doesn't produce anything; we import everything, including bottled water and toothpicks. If your currency is chasing imports, then the value will be low.

So the crude oil being refined is nothing?

Sheuns:
It’s that large because Tinubu has dangerously devalued the Naira. If we say this, his supporters will say “Naira only found its real value” and also say “Naira has been heavily defended”.

One question they’ve not answered is at what point in Nigeria’s history did the government start defending the Naira?

Let’s not also forget that the budgets under this federal administration are overly ambitious and underperforming.

Read and learn.

5ThChild:
NO country ever imprison his past president

South Korea, Brazil and even South Africa will be looking at you and shaking their nose

helinues:
Stop putting mouth on something you have little knowledge about

Coming from you? This is funny

Anigreat:



Talk of unapologetic kleptocrat , the clown in aso rock is one. Never in my wildest dream did I ever thought that someone can ever beat Buhari failure, but the clown in aso rock prove me so wrong. I don't even think that anyone can be worst than him. Whoever comes after him just have to do a little and boom he'll be the greatest despite not even doing anything, he only have to beat this failure a little.

People said worst about Jonathan. Lol... Nigerians always with the harshest criticism.

Sheuns:
Oga. Tell us when Naira lost its level and Tinubu found it.

I remember clearly that during GEJ’s tenure at least for the first 3 years the rate of USD at the banks and bureau d change were the same. If there’s any difference, it’s usually not much, same as under Yaradua and Obj.

The large disparity started under Buhari which Tinubu says both of them are the same.

Now I need you to tell us when Naira ever had its real value or not.

Under GEJ, Nigeria was exporting 2 million barrels of oil @ $120, with a very low external debt of less than $ 10 billion.

Insecurity was bad, but not at the level of 2019, when insecurity was all over the country. I supported GEJ in 2015, and I have no sympathy for Nigerians who voted for Buhari, who had no record of leadership.

We can blame Tinubu for supporting Buhari, who was a complete disaster at managing the economy, but the fundamentals of unifying the currencies and removing oil subsidies should have been implemented in 2003.

I would support Tinubu's replacement if the opposition is prepared to maintain the removal of oil subsidies and the floating of the Naira. Economic reforms must be sustained to prepare for industrial reform.

Just a slowpoke agenda that failed to gend.

OfficialAPCNig:
Here is a breakdown of Nigerian national annual budgets between Jonathan, Buhari and Tinubu presidencies:


2011–2015 (Jonathan): ₦23.33 Trillion (With Subsidy)
2016–2023 (Buhari): ₦94.90 Trillion (With Subsidy)
2024–2026 (Tinubu): ₦152.09 Trillion (Without Subsidy)

Under Goodluck Jonathan, the total federal budget between 2011 and 2015 was ₦23.33 trillion. Under Muhammadu Buhari, the total budget from 2016 to 2023 was ₦94.90 trillion. Yet in just three years, from 2024 to 2026, Bola Tinubu's administration will spend an estimated ₦152.09 trillion, around ₦60 trillion more than Buhari spent in eight years and over six times what Jonathan spent in five years.

Yet, Nigeria is not better off than they were in 2015 and 2023, when Jonathan and Buhari handed over, respectively.

Here's the annual breakdown for quick verification:


2011: ₦4.48 trillion
2012: ₦4.69 trillion
2013: ₦4.98 trillion
2014: ₦4.69 trillion
2015: ₦4.49 trillion
2016: ₦6.06 trillion
2017: ₦7.44 trillion
2018: ₦9.12 trillion
2019: ₦8.92 trillion
2020: ₦10.81 trillion (Amended to ₦10.5 trillion due to COVID-19)
2021: ₦13.59 trillion
2022: ₦17.13 trillion (Adjusted with a ₦982 billion supplementary budget)
2023: ₦21.83 trillion
2024: ₦28.78 trillion
2025: ₦54.99 trillion
2026: ₦68.32 trillion

5ThChild:
All these are just numbers.
What economic values has these impacted in the lifes of the society? Why so much hardships?

Budget cycle after budget cycle, yet poverty, despair, lack of access to education and ofcourse insecurity keeps increasing in geometric progression.

Voted this guys but honestly they took backward Sha. Since Baba enter, only political class and people close to them are balling.una no try make tell ourselves the truth.

lamentor78:
Nigerian deserves their leader,is not a curse this country can never get better. Imagine if Obasanjo is still the president. Can it be so bad like this.......

A sincere question.......

Nigeria will get to a stage that breaking up will be inevitable.

Obasanjo and Tinubu birds of the same feather!