₦airaland Forum

ofala:
It gladdens my heart that majority of REAL Nigerians are seeing GENUINE reasons to vote for Buhari.


Let's keep the spirit up and continually SPREAD the word; On/Oflline


Buhari/Osinbajo2015

barcanista:
If only you know that the Chairman, House Committee on Finance is not responsible for the planning and execution of economic policies. His job is to ensure that the Finance Ministry and MDAs implements budget as passed, ensure that the financial laws of the Land is adhered to strictly by relevant government agencies, he serves as a watchdog on behalf of the House to ensure that the government does not cheat the system in implementation of budget and its policies, he is to ensure that all laws that are hindering the progress of the financial sector is in place, amend relevant laws among many functions. In fact, he doesn't need to be an economist or a financial expert. All he needs is analytical thinking, intelligence and political will among many other attribute.



####### thank me later

cc
Omenka Donphilopus

ogb5:
OP you are insulting those of us who went through the horror of the Buhari evil regime in 1984 to 1985.

It is evil to want to re-write history just to sell a dummy politician.

No one in any country of the world like to spend days in queue trying to buy bread to feed his family. today the Syrians are queuing to buy bread due to the war in Syria, some are bombed while on the queue, It will be criminal to claim that the Syrians queuing for bread today like it.

Under Buhari not only did people queue for bread, we queued for cooking oil, we queued for washing soap, we queued for salt. many people collapsed and died from exhaustion in the queues. And this was a time when Nigeria was not at war.

And to worsen things soldiers were flogging people mercilessly on the queues, who likes to be flogged? why do you think Fela called Buhari a craze man in animal skin?

Your claim that profiteering was reduced shows your lack of understanding of economics, just like buhari, people go into business to make profit.
Using the military to break the locks of peoples shops and auctioning private goods at less than the cost price was not only wrong, it was evil. At the end of the day shops like Kingsway, Bata, Leventis have to close shop. People like you go to malls today to gloss around, the same malls Buhari killed by auctioning away their goods and rendering bankrupt in 1984.

Children who did not suffer through the economic stupidity of Buhari in 1984 and 1985 can vote for him, but people like us who saw the effects of his stupidity leading to scarcity of simple things like bread, sugar, oil, salt and soap and the closing of many factories will never vote for Buhari to come and repeat his economic stupidity.

omenka:
I'd rather spend my time listening to Tonto Dike's "Hi" on repeat than argue with or try to educate that man.

LRNZH:
Omenka you're very right.
Even I felt GMB was going to get slandered again as usual hence I decided on a personal mission to counter lies by vested interests. Reason why I'm online countering lies and ingnorance..

But am I wrong to ask the question below?

Aksonman:
Again, APC/Buhari fans are opening threads that are further sinking any chance of GMB's election.

The queues in Buhari's era was caused by ESSENCO, an extremely foolish economic idea initiated by the dumb General to control and fix prices of basic commodities.

Sending soldiers into markets to break locks and force business men and women to sell at government fixed prices.
Naturally, goods disappeared from the shelves, and a black market for ordinary items such as soap and toothpaste emerged.

This is the ALMAJIRI ECONOMICS that Buhari wants to re-introduce in the 21st century Nigeria, with promises like offering free food and N5k a month to poor people without any mention of a National Identification policy or income data base that will help govt know who is poor and who is not.

Rubbish.

barcanista:
Ashawo, who wouldn't want a Tonto Dike's "Hi"?

asha80:
If buhari's regime is going to encourage indigenous production of goods and services variants of imported goods that cab easily be produced here then it is laudable but the issue is if elite and middle class Nigerians are ready to curtail the avariciuos taste for those foreign imported goods for their locally produced variety.

munex007:
It was so disheartening when I read an article here cheering GEJ for his Issueless speech Yesterday..It pains me so much when I see people that have passed more technical and rational reasoning process in life falling for this crap

On the story of queues for commodities he did not lie. The only problem is that he was criticising something that was good and most gullible Nigerians cheered him..

NPN the ruling party before Buhari regime had looted treasury, oil prices were also down to $35 a barrel due to the international manipulation and foreign exchange was scarce.

Buhari and Idiagbon were not going take foreign loans and devalue the currency. They were so sure that the problem of foreign exchange was a temporary one and could always be rode through that they rationed foreign exchange and all imported consumer goods had to be rationed. They also started partnering with local manufacturers Nestle, Cadburys, e.t.c to expand local manufacturing capacity..

Profiteering was reduced..

So Jonathan is right, we queued but unlike him we liked it because we knew our naira was just N2 to the $1 and that all the ''essential commodities" were soon to be made in Nigeria...

IBB came later and destroyed everything with introduction of SAP..Ever since then our Naira has been sinking

Prof Iyoha a renonwed Economist said Nigeria has received more than $600,000,000,000 in Oil revenue but nothing tangible to show for it...Just Imagine the Burj Khalifa in Dubai cost $1.2Billion imagine what Nigeria would have done with that fund if not corruption..

And some Goof ball here will say Buhari only Agenda is only corruption..The truth is that if Corruption can be curb we will achieve so much as a Nation..In china if a politician his caught stealing public fund his family member will buy the bullet that will be use to Kill him.!!

Its so annoying when I see people say GEJ till 2019 based on mediocre projects,there is no problem if you want to Vote for GEJ but please be objective when your doing so,never based your decision on ethnic and religion..You may be risking a decision that may affect our later generations...

SaiBuhari(Nemesis of Corruption)
God Bless Nigeria!!

Ref: Adminsher

Cc Barcanista

LRNZH:
Omenka you're very right.
Even I felt GMB was going to get slandered again as usual hence I decided on a personal mission to counter lies by vested interests. Reason why I'm online countering lies and ingnorance..

But am I wrong to ask the question below?

donmalcolm21:
. May God never allow me to queue in order to eat. Am I in Somalia. Please take this Buhari and his economic bullshit away from here.

atlwireles:
Why do you all sound like jokers? What level of local production did Buhari finally achieve?

dunkem21:
Oh, thank God for this thread. Many of your people argued that Jonathan lied.
You don go dabble into oil price sliding to $35 a barrel, come dey shout for help from barcanista. We go beat you here today because barcanista travelled.

We have showed his achievements in the other thread and you ran out here to say they are mediocre achievements.

Now, why will people queue to buy milk, sugar ..Is that fighting corruption/indiscipline?
Is queuing an achievement?

Sell your candidate. The only thing Buhari has told us is that he will give food to school children.

I laugh in Lunch box.

Edited.
OP, You are lucky today, help came from above ^^

theV0ice:
The irony is that before GMB came to the rescue, these commodities were not seen in the market talk less of a common man being able to buy them.

Rather queue and buy than stay at home and die

omenka:
I'd rather spend my time listening to Tonto Dike's "Hi" on repeat than argue with or try to educate that man.

theV0ice:
The irony is that before GMB came to the rescue, these commodities were not seeing in the market talk less of a common man being able to buy them.

Rather queue and buy than stay at home and die

LRNZH:
I'm kinda lost here.

Please someone one correct me.

I thought GMB's regime lasted from Dec 31, 1983 to Aug 27, 1985.

How is GEJ's suffering in 1983 GMB's fault?

Adminisher:
Don't mind Jonathan, I once went to an LGA very close to his many years ago. They had an award winning rice farm established by military regimes laying fallow for like 20 years. Completely abandoned hectares upon hectares of farmland be sure of oil and gas. The man and the educated tilling class in the Niger delta are completely empty and I am sorry tor being tribalistic but the truth must be told about this man who was deputy governor and governor there for at least six years. If you hop on a chopper ride from portharcourt to what is caller Nun River, you overtly for about 45minutes some of the most impressive fresh water rainforest land interspersed by hundreds of mini rivers before you even get to the rice farms.so many opportunities thrown away in the Niger Delta by the most unintelligent and dumbest president Nigeria has ever had.

Adminisher:
No body s queing to eat anymore. All these products are now made in Nigeria. Essential commodities are now common commodities thanks to Buhari' s support that protected local manufacturers from imports at a time local average earnings would not have been able to buy even one tin of milk.
Please go and talk to MAN reps in your area. Buhari saved the local FMCG industry with his policies.

The Jonathan regime would have done the same type of import restrictions if they would have won in February although we all know they are going to lose.

They are already tariffing luxury goods heavily and moving down to FMCG. There are already thirty brands of imported corn flakes in Nigeria, I would advise you if you have a friend in that business to start local production or go into something else

theV0ice:
Wait o....so is Jonathan putting his nightmares of 1983 on buhari's head

So its painment of 1983 he's transferring to buhari? I didn't even notice it

Adminisher:
No body s queing to eat anymore. All these products are now made in Nigeria. Essential commodities are now common commodities thanks to Buhari' s support that protected local manufacturers from imports at a time local average earnings would not have been able to buy even one tin of milk.
Please go and talk to MAN reps in your area. Buhari saved the local FMCG industry with his policies.

The Jonathan regime would have done the same type of import restrictions if they would have won in February although we all know they are going to lose.

They are already tariffing luxury goods heavily and moving down to FMCG. There are already thirty brands of imported corn flakes in Nigeria, I would advise you if you have a friend in that business to start local production or go into something else

donmalcolm21:
I asked my dad and he said the commodities were there but it was expensive so I don't know where your forefathers queued during shagari regime. Stop supporting lies and vote for GEJ

Adminisher:
My major problem is that he was too dumb as a Masters student to understand what was happening. He queued to buy milk that he could afford. If the Naira had been devalued he would not have been able to afford the milk, he would not have been on the milk queue, he would have been on the garri/sugar queue.

The problems did not last more than one year before local manufacturing took up the slack in supply with cheap dollars at N2 to $1 and we were able to weather the storm now those companies Nestle, Cadburys, Chuchgate, Honeywell, WAMCO et.c are very strong on the stock exchange with market capitalization of billions.
Thanks to Buhari and stubborn Idiagbon especially.

Adminisher:
My major problem is that he was too dumb as a Masters student to understand what was happening. He queued to buy milk that he could afford. If the Naira had been devalued he would not have been able to afford the milk, he would not have been on the milk queue, he would have been on the garri/sugar queue.

The problems did not last more than one year before local manufacturing took up the slack in supply with cheap dollars at N2 to $1 and we were able to weather the storm now those companies Nestle, Cadburys, Chuchgate, Honeywell, WAMCO et.c are very strong on the stock exchange with market capitalization of billions.
Thanks to Buhari and stubborn Idiagbon especially.

theV0ice:
The irony is that before GMB came to the rescue, these commodities were not seen in the market talk less of a common man being able to buy them.

Rather queue and buy than stay at home and die

atlwireles:
Were Nigerians queuing up during Shagari's administration, for the same commodities OR during IBB's regime.

Adminisher:
Interesting question. Shagari' s regime squandered money and were the inventors of the word "essential commodities". In fact Umaru Dikko who was nearly put in a crate (heroically) by the Buhari regime used to be called Minister for Rice derogatorilly. You won't believe the corruption of that time and you should not because of politics refuse to say the truth. They were selling import duties tor RICE. Can you believe that?..somebody a party member lobbies and gets import duty for river automatically he knows he is a millionaire (billionaire now) so if his wants to make his money quickly, he sells the license to Mr B, who sells to Mr C, who sells to Mr D. Mr D now imports the rice. All the costs get passed on to the poor consumer. The goods were AVAILABLE BUT VERY EXPENSIVE during Shagari period.
Also Dangote was a young favoured importer at the time, I am not denigrating his efforts but it is good to understand that the odds were sometimes stacked in favour of some of the big shots we have now

The Shagari regime got us into serious trouble with long term loans which was bad enough but also heavy short term instruments like Export Credits, Letters of Credits and so on that were not being serviced. The short term loans were what ruined Nigeria..

During g IBB he devalued the currency massively, had Falae and others as Ministers of Finance and we were not queuing for goods. It is so important to emphasize that queing or not queuing is not the issue. If the problem is one of temporary shortage that is being addressed via local production and solving of logistic issues then no problem. The problem is when you have to sell your future and that of your children because of sugar, milk and rice.
The IBB regime rendered the Naira useless and all.infrastructural.problems we have now could be traced to that regime. It became very expensive (x100) to build roads, bridges and schools. Every time you wonder why Dubai is so much finer than Nigeria think of the decades we operated under the terrible exchange rate regime. Our currency was N0.55 to the US dollar and the Shagari regime first got us into trouble, Bubari true to correct things but IBB parked Nigeria's bus inside trouble.

The problem with Jonathan is that he is empty in economic terms and he does not have an ideology. Ngozi Iweala, Sebum Aganga, Akinwunmi Adesina and Johnson are very very smart but they are all products of a certain tendency that likes foreign financing for everything and foreign loans for everything. I actually admire Aganga, what he has done for industries in the East and manufacturing in the industrial estates of the west is commendable but we need a president who is bright enough at meetings to ask about jobs for his children, taxes for his people and training and skills for his young graduates. This one is too busy counting executive jets.

Meanwhile take a listen to Osinbajo. They are also targeting local manufacturing but it will be local technology development focussed and they will target Textiles, Agro Allied, Machine building et.c

Assessment of Mohammadu Buhari’s administration. The chapter is titled; “All-Round Misery: Retrenchment, Roll-Back….” quote from page 18
"since the Buhari administration came to power, its policy on public sector spending has resulted in all round misery: retrenchment of public sector workers, roll back in social services, particularly in the area of health care, the re-introduction of school fees, the closure of educational institutions, the re-imposition of certain obnoxious taxes and levies and the suspension of new capital projects.
All these have negative implications for the country’s long range development….with such deflationary policies as has been put in place by the Buhari regime, shows that we are headed for unmitigated disaster. As for the planned privatization, this is no more than a camouflage for concentrating the nation’s wealth in ever fewer hands……still, it cannot be said that its attempt at streamlining import licensing and foreign exchange disbursement procedure has been a roaring success. Racketeering persists and those who have no business having import licenses still do so.

The government’s performance in the area of debt management is even poorer. Apart from the questionable wisdom of using over 40 per cent of the country’s export earnings to service debts, it is open to question whether the government has fully investigated and verified all the outstanding debt obligations it is now attempting to settle……In the area of inflation and distribution, the government successes, if any, have been limited. Officially estimated at about 40 percent the rate of inflation is still debilitating to the generality of Nigerians whose incomes, under the income policy guidelines, are not expected to increase substantially (especially for those in paid employment).

Adminisher:
Chineke I am smarter than you. The Gulf war has developed the American aerospace industry 20 times over.

On this N5000 a month and school feeding you are the one who is being made a fool of by people who see it as waste. I enjoyed free food in primary school and free books in secondary school.
So let me let you in on a secret. These programs stimulate the economy. The N5000 per head that you hear of is going to these companies, Dangote for Noodles, Nestle for powdered milk (they even make mini milk packs now targeting poorer consumers), food stuff sellers, suya sellers and so on. Any massive government program like that just creates billionaires in the local economy.Dangote is already smilling. The primary school feeding sector is boom for the MrBiggs, Tantalizers of the world.

The programs will cost maybe N1.5 trillion a year to government but keep children in school, give hope to unemployed graduates who must always be kept hopeful and reduce crime. It also puts the government's hand on the pulse of society as far as hard data about people demographics is concerned.

Another interesting thing is that 30% of this money is coming back o government in taxes and Nigerian companies develop scale economics to take over the west African and African markets. The Jonathan government itself is playing around with social welfare ideas, go and ask aunty Ngozi. The only problem with Clueless is an intellectual deficiency one that believes managing an economy is huddling with billionaires to share money and opportunities and counting the number of private jets as an index of economic development.