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Then And Now: Nigeria’s Economy Under President Tinubu - TheCable - Politics (5) - Nairaland

Nairaland Forum › Nairaland General › Politics › Then And Now: Nigeria’s Economy Under President Tinubu - TheCable (13929 Views)

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Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by emperor4love(m): 12:17pm On Aug 25
This people no really pity Nigeria,by next year all go turn cannibal,let them win first
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by yesloaded: 12:23pm On Aug 25
Rexnegro:
I think it was 19,800 cos I was serving then as corper in ekiti and our federal allaweee was 19,800.. regardless be it 17 k 18k or even the 19800 I mentioned it's far better to current 77k minimum wage. Then we had a far better purchasing power to now . He kukuma said it that he will reduce the purchasing power of the people and widen the tax net and he exactly so.
Hahaha

Na talk and do man

Yes o cos purchasing power is finally in the mud
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by yesloaded: 12:24pm On Aug 25
BATified2023:
rice economist

Nobody takes clowns like u serious.

Every basic economic index is measured with bags of rice
I took rice economy from batist cos na wetin Una Sabi distribute

Mind you, I don't eat rice cos it's not my thing
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by BATified2023: 12:30pm On Aug 25
BetterScottish:
Olagunju, try buy sense of 2k inside your 30k..
where are u buying fuel for 1500?

Tell us
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by Tourist42: 12:52pm On Aug 25
This is the beauty of democracy: individuals who know absolutely nothing will always have an opinion. By pointing fingers at the government, they think they have absolved themselves of responsibility for the problems they helped create.

The removal of the fuel subsidy and the unification of the exchange rate were mandatory reforms; without them, the country’s economy would have completely collapsed. Look at the gains we are beginning to see.

People shouting that Nigeria is inherently rich know nothing about macroeconomics and public finance. Even the currency devaluation they complain about has a purpose: it positions the country as a competitive environment for exports. However, many prefer to complain rather than figure out how to produce goods or services of value, earn foreign exchange, and build a better life.

It is exhausting to witness.Ultimately, dealing with uninformed opinions is just a cost that comes with leadership; patience is required on the job. If these critics know so much about running a complex national economy, they should start by successfully managing their own households. It is far too easy to blame President Tinubu for personal failures—proving that many went through school, but school never passed through them. While Bola Ahmed Tinubu (BAT) might not be perfect, he deserves recognition for taking these bold steps. None of the other major contenders from the election come close to his courage.

The opposition will keep trying, but until they become honest with themselves, they remain nothing but a joke.
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by Greenback: 1:45pm On Aug 25
Parachoko:
Yes, Extreme poverty didn't start in 2015
And for buharis 8 years till now tinubus 4 years going,it's still grass eating that didn't start 2015!

God will always bless Dino Melaye for actually saying something about people who are APC 😂😂😂🤣🤣🤣🤣
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by Boyooosa(m): 1:55pm On Aug 25
AMINDA:
"Tinubu’s courtiers may clap because FAAC allocations have increased, but hungry Nigerians cannot boil FAAC figures for dinner. Businesses cannot power factories with presidential speeches, workers cannot pay transport fares with macroeconomic grammar, and parents cannot settle school fees with statistics manufactured for State House applause”

- Alhaji Atiku Abubakar

"Na statistics we go chop" is now force-feeding us with cooked up statistics. I prefer this version of Then and Now. It resonates more with the lived realities of Nigerians. Imagine listing fuel price rising from 185 naira to 1400 as an achievement. Surreal! APC go gaslight you but don't panic.
The attached chart, don't you think it makes more sense to put all the inflated priced commodities under inflation instead replicating them in different items and names since they all have common factor - inflation
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by Alliswell248: 2:04pm On Aug 25
yesloaded:
Sadly, it was 18k and that 17k you mentioned is more powerful than current 70k

You need to save 4months minimum wage to buy brand new tear rubber motorcycle but now even 1yr can't even afford to buy same by now

What's the price of cement under 18k minimum wage compared to now?

Bag of rice cost 6500 under the 18k minimum wage which means you can buy 2 bags and still have 5k left but how much is it now?
Yes more powerful that was y Gej could not achieve anything despite seeing oil sold at an average of 100 usd per barrel for Most part of his tenure.

He depleted our fx reserve from over 40 to under 30 billion USD.

Fact check all what I said.
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by yesloaded: 2:25pm On Aug 25
Alliswell248:
Yes more powerful that was y Gej could not achieve anything despite seeing oil sold at an average of 100 usd per barrel for Most part of his tenure.

He depleted our fx reserve from over 40 to under 30 billion USD.

Fact check all what I said.
Propaganda

Crude oil was sold for $10/ to over $100 until 2013, check the price from 2014 till 2015

However, Nigeria still pay subsidy during his tenure for good 4yrs & naira never traded for 250naira to $1 but now it's almost 1400naira to 1dollar

What's out debt profile under him compared to now?
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by Iwin2: 3:05pm On Aug 25
seunmsg:
Then and Now: Nigeria’s economy under President Tinubu



Source
According to the Debt Management Office, the Tinubu administration has added N72 Trillion of fresh debt stock, bringing the total indebtedness to N159.35 trillion as at early 2026.
Despite the borrowings Nigerians have remained poorer and less secured.

Poverty levels have risen from 56 percent in 2023 to between 61 percent and 63 percent under the Tinubu administration, leaving over 141 million citizens trapped in multidimensional poverty.
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by MIKOLOWISKA: 3:06pm On Aug 25
Parachoko:
Before Asiwaju became the President, Nigeria was not rosy

In 2021, I watch a video of kids in Katsina, who were consuming raw grass due to extreme hunger
o not forget that wan
Ppl have made up their minds that they don't like Tinubu as he refused to share the money so they don't care about facts
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by Iwin2: 3:11pm On Aug 25
Tourist42:
This is the beauty of democracy: individuals who know absolutely nothing will always have an opinion. By pointing fingers at the government, they think they have absolved themselves of responsibility for the problems they helped create.

The removal of the fuel subsidy and the unification of the exchange rate were mandatory reforms; without them, the country’s economy would have completely collapsed. Look at the gains we are beginning to see.

People shouting that Nigeria is inherently rich know nothing about macroeconomics and public finance. Even the currency devaluation they complain about has a purpose: it positions the country as a competitive environment for exports. However, many prefer to complain rather than figure out how to produce goods or services of value, earn foreign exchange, and build a better life.

It is exhausting to witness.Ultimately, dealing with uninformed opinions is just a cost that comes with leadership; patience is required on the job. If these critics know so much about running a complex national economy, they should start by successfully managing their own households. It is far too easy to blame President Tinubu for personal failures—proving that many went through school, but school never passed through them. While Bola Ahmed Tinubu (BAT) might not be perfect, he deserves recognition for taking these bold steps. None of the other major contenders from the election come close to his courage.

The opposition will keep trying, but until they become honest with themselves, they remain nothing but a joke.
Please reconcile your submission with the record/ data available according
to the Debt Management Office, that Tinubu administration has added N72 Trillion of fresh debt stock, bringing the total indebtedness to N159.35 trillion as at early 2026.
Despite the borrowings Nigerians have remained poorer and less secured.

Poverty levels have risen from 56 percent in 2023 to between 61 percent and 63 percent under the Tinubu administration, leaving over 141 million citizens trapped in multidimensional poverty.

What's the essence of good governance and improving economy when more people are daily been thrown into poverty
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by onuman:
seunmsg:
Then and Now: Nigeria’s economy under President Tinubu



Source
Death rate in Nigeria in 2023 versus now?
That one is not important to you?
Multiply death rate figures for 2021 by 20, you get today's death rate in Nigeria.
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by Oba1ni(m): 3:47pm On Aug 25
Even the police are not receiving the 70k minimum wage..

This is a confirmed reality.

Didijiji:
This your minimum wage own made me laugh

Jonathan's 17k has more value than Tinubu's 70k but na statistics we go chop?

Guy! cheesy
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by borie4u(m): 3:51pm On Aug 25
yarimo:
Nigerians all over the world are happy to have TINUBU as president of Nigeria.
Is like something is wrong with u? Which Nigerians all over the world? No be same Nigerians that are begging everyday for something little as food. How low can u descend? What degree of asslicking can you not do+
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by onuman: 4:03pm On Aug 25
seunmsg:
Why not governments at all levels do more to translate the achievements to more Nigerians. Why only the FG? What about your state governors and local governments?
To improve the well-being of the average citizen is the most important reason saner politicians go for apex political leadership of a country, not to churn out figures on economic indices.


Without any evidence to prove that the purchasing power and well-being of the average Nigerian have increased under Tinubu’s administration, the reforms are targeted to punish the citizens, notwithstanding any monetary gains to the government coffers.
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by Tourist42: 4:07pm On Aug 25
Iwin2:
Please reconcile your submission with the record/ data available according
to the Debt Management Office, that Tinubu administration has added N72 Trillion of fresh debt stock, bringing the total indebtedness to N159.35 trillion as at early 2026.
Despite the borrowings Nigerians have remained poorer and less secured.

Poverty levels have risen from 56 percent in 2023 to between 61 percent and 63 percent under the Tinubu administration, leaving over 141 million citizens trapped in multidimensional poverty.

What's the essence of good governance and improving economy when more people are daily been thrown into poverty
You see how easy it is to copy and paste statistics from the internet without actually understanding the basic accounting behind them? Let me educate you on the difference between fresh borrowing and paper adjustments...

The ₦72 Trillion 'Fresh Debt' Illusion__ Go and read the official Ministry of Finance brief to the Senate.Tinubu did not borrow ₦72 trillion of fresh cash.

Over ₦40 trillion of that jump happened automatically because the Naira was floated. When you devalue the currency, your existing dollar loans from previous administrations (like World Bank debt) automatically look larger when converted to Naira.

The debt in actual U.S. dollars actually decreased! The other ₦33 trillion was the legal 'Ways and Means' overdraft that Buhari recklessly blew, which Tinubu's government had to formally recognize on the national books. Tinubu didn't spend that money; he is just accounting for the past government's hidden tabs.

You talk about poverty rising from 56% to 63% as if it’s an immediate result of current policy. Economics dictates that poverty is a lagging indicator. The poverty we are dealing with right now is the hangover of a decade spent printing unbacked money and subsidizing cheap fuel for smugglers.

You ask what the essence of a good economy is? The essence is preventing total state collapse! If Tinubu didn’t perform fiscal surgery to drop our debt-service-to-revenue ratio from 97% down to ~50%, Nigeria would have defaulted on its loans this year. We would be like Venezuela, where money is literally worthless.

Stop using lazy headlines to argue macroeconomics. Tinubu didn't create the fire; he is the fireman cleaning up the burnt house....
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by Ritchiee:
Didijiji:
This your minimum wage own made me laugh

Jonathan's 17k has more value than Tinubu's 70k but na statistics we go chop?

Guy! cheesy
Value ko,Vaseline ni.
Mr Jonathan that was borrowing money to pay workers in 2014 when they have used their voodoo value to ruin the economy of Nigeria.
They have licked the foreign reserve to $30 billion from $45 billion that OBJ,Mr Jonathan didn't grow the reserve,he and his team licked it dry grin
ECA...excess crude account...was totally eaten up abi na down. cheesy
#54 trillion made in oil sales have been swallowed without trace.
Till date nobody can point to three tangible infrastructures that Mr Jonathan and his horde of thieves executed.
Please mention 3 tangible infrastructures executed by Mr Jonathan.
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by nairalanda1(m): 5:00pm On Aug 25
grandstar:
So, you prefer the government to print money so you can buy petrol at 185 per litre. If the government continued like that the exchange rate would be $1~ N3,000.

Please conduct a small google search.

Search: what was the federal government revenue in 2022?

What was the federal governments budget in 2022

How much did the federal government spend on fuel subsidy in 2022?

Please conduct the search and revert.
Even though it was not for me, i did the assignment.

shocked

So we spent 90 percent of our revenue on subsidy .
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by EDOLUWA: 5:05pm On Aug 25
If Obi have stayed back in PDP and ran with Atiku to win the last election Nigeria would not have been in this mess of the worst poverty ever in our history.
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by grandstar(m): 5:19pm On Aug 25
nairalanda1:
Even though it was not for me, i did the assignment.

shocked

So we spent 90 percent of our revenue on subsidy .
Thank you very much.
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by heysquare(m): 6:30pm On Aug 25
helinues:
Nigerians Vs Apc

We are patiently waiting for them at the poll. The kind of beating we go give them will pass person wey steal maggi
Which country is APC?
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by cucumbar: 6:43pm On Aug 25
Tourist42:
This is the beauty of democracy: individuals who know absolutely nothing will always have an opinion. By pointing fingers at the government, they think they have absolved themselves of responsibility for the problems they helped create.

The removal of the fuel subsidy and the unification of the exchange rate were mandatory reforms; without them, the country’s economy would have completely collapsed. Look at the gains we are beginning to see.

People shouting that Nigeria is inherently rich know nothing about macroeconomics and public finance. Even the currency devaluation they complain about has a purpose: it positions the country as a competitive environment for exports. However, many prefer to complain rather than figure out how to produce goods or services of value, earn foreign exchange, and build a better life.

It is exhausting to witness.Ultimately, dealing with uninformed opinions is just a cost that comes with leadership; patience is required on the job. If these critics know so much about running a complex national economy, they should start by successfully managing their own households. It is far too easy to blame President Tinubu for personal failures—proving that many went through school, but school never passed through them. While Bola Ahmed Tinubu (BAT) might not be perfect, he deserves recognition for taking these bold steps. None of the other major contenders from the election come close to his courage.

The opposition will keep trying, but until they become honest with themselves, they remain nothing but a joke.
You go explain taya, no evidence.

No be by long dirty epistles full of lies.
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by boxypane: 6:54pm On Aug 25
The leaders killing the goodness of this party are the State Governors. All 85% of them know is eat
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by kafeii123: 2:22am On Aug 26
seunmsg:
You have no business, no shares in the stock market, no importation need, no idea that requires foreign direct investment, no job that pays good salary etc. So, it's understandable that all the above gains would have no direct bearing on you. However, you should double your hustle and stop blaming Tinubu for yv. ., your personal failures.
I wish you can say this to the millions of teeming out of school boys n girls roaming the streets from lagos to maiduguri and see how they treat you for size.

This is not to say PBAT's team are not trying but there's loads that still need doing....also these multiple moniker farms that you guys use to self like your own posts to fake supports, you must know that people have caught up to it by now.

How can you finish from a whole covenant university and this is what your training has been reduced to for your survival. Eat your political bread if you need to, but you dont have to insult other people's realities.

Imagine how you and your family's life wld've turned out if political and religious attachments were totally absent from it
Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by emeka2847: 7:31am On Aug 26
seunmsg:
This is the positive trajectory of our economy that these empty and power hungry hyenas (Peter Obi and Atiku) want to come and destroy. We shall do everything posible to ensure these gains are sustained for the benefit of Nigerians.
Citizens can't afford to buy food to eat, you guys are showing some yeye foreign reserve figures. What are you reserving it for?

Re: Then And Now: Nigeria’s Economy Under President Tinubu - TheCable by emeka2847: 7:32am On Aug 26
Citizens can't afford to buy food to eat, they are busy circulating some yeye foreign reserve figures. What are they reserving it for?


AMINDA:
"Tinubu’s courtiers may clap because FAAC allocations have increased, but hungry Nigerians cannot boil FAAC figures for dinner. Businesses cannot power factories with presidential speeches, workers cannot pay transport fares with macroeconomic grammar, and parents cannot settle school fees with statistics manufactured for State House applause”

- Alhaji Atiku Abubakar

"Na statistics we go chop" is now force-feeding us with cooked up statistics. I prefer this version of Then and Now. It resonates more with the lived realities of Nigerians. Imagine listing fuel price rising from 185 naira to 1400 as an achievement. Surreal! APC go gaslight you but don't panic.
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