₦airaland Forum

atlwireles:
Too much rubbish, answer my question and spare me your verbose., Why were Nigerians not standing for basic food supply during other governments? Why, WHY, only during your almajiri, quota system, fraudulent major general, did Nigerians stand for days.

Nigerians were eating their future under loans during Shagari regime, we were essentially not paying for the rice milk, sugar we were eating. We were not queing, why should you queue for something they want to use to enslave you.

For IBB regime they were not queuing because the problem had been solved before he overthrew Buhari.

Every knowledgeable person now knows that IBB' s coup was for self protection not for economic issues.
He and Abiola basically did the coup to save their necks. Now that is a great lesson for Jonathan who is always afraid of people working under him. Bulgaria/Idiagbon were going to take IBB out and have and his boys were lucky to strike first. IBB was corrupted by the Shagari regime, they used to give him and his boys contracts and import licenses to settle him so that he does not plan coups.

All temporary economic problems and SHORTAGES were already solved when IBB struck so there was no queue for basic commodities.

The corrupt and wasteful government of Jonathan is a repeat of Shagari regime of that time and Buhari is here again- just like he was then- to the rescue. It's a divine rescue mission, FeBUHARI 14, 2015.
Yes, Buhari's economic policy made him queue for a commodity he couldn't afford to buy earlier- for God's sake, this was a boy who didn't have shoe, buying milk. How many shoeless people can afford to buy milk these days? Jonathan wouldn't put corrupt people in crates, but would rather negotiate for exchange of prisoners like James Ibori- if he has the chance- and grant them presidential pardons.
I support Buhari bringing back run-away corrupt politicians in crates after FeBUHARI 14. Electorates have made up their minds and most of them want CHANGE, so Jonathan should stop making a fool of himself with his campaign of calumny.

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 rice, 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 before everything but it was the Shagari regime first got us into trouble, Awolowo warned him and the country but let us not even get into that every mistake in life is punished arguing about things is just a waste of time. Buhari tried to correct things but it was IBB who parked Nigeria's bus inside TROUBLE itself.
IBB is now Jonathan's Fads.

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

Thank you for this post. These PDP guys are funny and it is either that they fail to understand simple economics or they are being economical with the truth. Buhari's regime tried to put up a barrier whereby Nigeria's manufacturing sector could thrive and develop well before opening up and competing against already developed foreign companies that would have blown our industrial base away as happened after Babangida took over. Today we are singing the praises of China and India but forgetting that they did exactly the same thing Buhari tried to do which is first of all, develop your base and market before opening up. If Buhari had not been overthrown, Nigeria today would have gone far. These PDPs are something else to behold.

omenka:
Yeye boy! U think say I be u??

OLADD:
OP, I think you're the nobrainer here. Why did you cynically pick the queue-for-milk issue from the President's speech while ignoring other salient points he raised? If Buhari , your certificate-less Voltron was an epitome of discipline, why did he do the following;
1. Jailed a Vice President (Alex Ekwueme) but put the president(Shagari) in a comfortable "house arrest" in the name of fighting corruption? Can a VP be more corrupt than the president who called all shorts?
2. How disciplined was Buhari for making a mockery of justice by jailing people for 300 years? Can anybody live for more than 150 years at most or was it a case of power drunkenness ?
3. Why did Buhari allow 53 dollar-filled suitcases to be smuggled into the country in order to beat currency trafficking, a crime he claimed to be fighting?
4. Why did he embark on the first crooked high profile kidnapping by choosing to cage a fellow blackman for onward secret deportation to Nigeria, an act that drew the ire of UK authorities and also painted us in bad light in the committee of nations? Why didn't he pass through official UK channels if his govt had genuine corruption evidence against the index victim?
5. Why couldn't Buhari present Ordinary Secondary School certificate to INEC as required by relevant electoral statue to vie for presidency? Is the Military Board so inaccessible like Sambissa that our General cannot approach them for photocopies of his certificate(s)?
6. Buhari told Nigerians during his campaign in Cross River yesterday that he had advised the FG to deploy more troops to fight Boko haram, why did he condemn the same FG for "killing the north" just some months ago? Can such an indecisive and double-mouthed personality be entrusted with power in a democratic dispensation?
7. If Buhari indeed had less than N1m in his account as at 2014, can we conclude that he has failed in his personal life after living office 30 years ago? Common pastoral farmers could have made at least N1 billion over such a long period. How can Buhari administer Nigeria with such CV?
8. Still typing...more to come.

They jail people 300 years sir. Madoff was almost 80 years and he got almost a century for financial offences. Pleas go to China and commit a financial offence, they won't jail you 300 years, they will take your life.

The 53 suitcases issue was just a gimmick to sell newspapers. There was no Naira stuffed in them and it still reflects badly on the intelligence of people saying and Emir brought Naira to Nigeria when they changed currency. Th best thing would have been to leave it abroad.

As for Buhari' s advice to Jonathan on defence. This two people meet regularly at the Council of States Meeting and some National Security meetings but take it from me that JONATHAN IS THE WORST COMMANDER IN CHIEF and Chief Security Officer any county could ever have. Let us get that quickly out of the way because he bh himself, the CDS and all other service chiefs (including especially the departed Ihejirika) with the exception of maybe Minimah are just a bunch of corrupt business men in uniform and they are actually likely to be defeated by Boko Haram.
When you hear people say controversial things like this with confidence know one is doing so out of a sense of responsibility and good observation.

SUBMARINE:
I swear if I am Buhari , I will make you minister for cow affairs

Guy

Giving people N5000 is the most daft approach to solving the economic problem


Ever wonder why the far North is full of hopeless beggars and East hopeful millionaires to be.

It is the system of addressing poverty they adopted.

Why the North give free food, the East give you the means to fetch the bread.


Wealth creation is better than Wealth Sharing


Empower the people to feed themselves and not give feed them

It is better you give 1.5million people small scale production businessess worth N1m to each of them to generate more wealth for themselves and pay into the national treasury N100k each for 10years than that useless proposal of his.

Basic Mathematics below

N1.5tr shared amongst 1.5million people every year = N1million for each person.

If each pays N100k into the national treasury , it will amount to N150billion yearly.

Now add that money to next year N1.5tr and it will amount to N1.65tr. Which means 1.65million people can receive N1m each. And increase by 150 thousand people.


If Buhari does this every year for 8 years, he would end up helping 17,153,831 people. Which is close to 25million people he targeted to waste money on.

Now Imagine the 17million people contributing N100k each to the national treasury, it will amount to

17,000,000people × N100 000 = N1.7tr a year.


Now which economic proposal is superior.? Yours(GMB) or Mine

It has been said that joining PDP tends to deaden the brain cells or what is left of it. Buhari's proposed goal would cost no more than $10bn and can be saved from cutting out corruption and reducing government costs which would when in the hands of the poorer stimulate economic growth because it would be spent on essentials. This is smart thinking.

StunningCEO:
It has been said that joining PDP tends to deaden the brain cells or what is left of it. Buhari's proposed goal would cost no more than $10bn and can be saved from cutting out corruption and reducing government costs which would when in the hands of the poorer stimulate economic growth because it would be spent on essentials. This is smart thinking.

Olodo

$10b is equals to almost N2tr

Read my proposal again and you will see where I said such money, if Buhari has made up his mind to spend it, the best way to eradicate poverty is not be sharing it but empowering poor people to becoming small/medium scale industrialists.


Read before you attack.

SUBMARINE:
Olodo

$10b is equals to almost N2tr

Read my proposal again and you will see where I said such money, if Buhari has made up his mind to spend it, the best way to eradicate poverty is not be sharing it but empowering poor people to becoming small/medium scale industrialists.


Read before you attack.

Submarine, may your type remain submerged. I almost forgot that your Jonathan has caused the Naira to devalue to N200 to $1. Thank you for pointing your failing again. . In economics there is not one way to enter the market and like Yoruba people say - Ona kan o wo o ja. There is no oyinbo country in this world that does not do precisely what Buhari proposes and this would help not only stimulate the economy further but also reduce social costs such as crime, health costs. Think big. Mumu.

Adminisher:
They jail people 300 years sir. Madoff was almost 80 years and he got almost a century for financial offences. Pleas go to China and commit a financial offence, they won't jail you 300 years, they will take your life.

The 53 suitcases issue was just a gimmick to sell newspapers. There was no Naira stuffed in them and it still reflects badly on the intelligence of people saying and Emir brought Naira to Nigeria when they changed currency. Th best thing would have been to leave it abroad.

As for Buhari' s advice to Jonathan on defence. This two people meet regularly at the Council of States Meeting and some National Security meetings but take it from me that JONATHAN IS THE WORST COMMANDER IN CHIEF and Chief Security Officer any county could ever have. Let us get that quickly out of the way because he bh himself, the CDS and all other service chiefs (including especially the departed Ihejirika) with the exception of maybe Minimah are just a bunch of corrupt business men in uniform and they are actually likely to be defeated by Boko Haram.
When you hear people say controversial things like this with confidence know one is doing so out of a sense of responsibility and good observation.

You see am so o. Today china this, china that - Buhari was simply anti-corruption and was determined to eradicate it by all means rather than your crooked Jonathan. By the way, the story about the Emir is not true. There was at the same time as he arrived in the country, the arrival from Libya or so of the ambassador and his wives and kids and no money was inside. Liars.

StunningCEO:
Submarine, may your type remain submerged. I almost forgot that your Jonathan has caused the Naira to devalue to $200.00 to one Naira. Thank you for pointing your failing again. . In economics there is not one way to enter the market and like Yoruba people say - Ona kan o wo o ja. There is no oyinbo country in this world that does not do precisely what Buhari proposes and this would help not only stimulate the economy further but also reduce social costs such as crime, health costs. Think big. Mumu.

You see why I called you olodo


Mention one point I stated if truly you read my proposal.

Olodo

Read before you comment.

SUBMARINE:
You see why I called you olodo


Mention one point I stated if truly you read my proposal.

Olodo

Read before you comment.

Just continue exposing your limited intellect like your Oga Jona. Mumu.

StunningCEO:
Just continue exposing your limited intellect like your Oga Jona. Mumu.

Olodo mention one point I stand on if truly you are here to discuss maturely

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.

Oga,I de prostrate for ground de salute u.
Inshort,come out for any post make I vote for u.
I go even voluntier to be ur suicide bomber to see u get elected.I throway salute

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

I know what is paining you- Goodluck performed well beyond your expectation. You have nothing to hold on because he actually said it as it is.

As per the economy don't go there

The naira was 0.79 to $1 when he came and when he left it was 0.89 to $1. Where did you get your figure of N2 to $1 from? Shows you didn't do your research well and you were only speculating. That leaves you with 17 % depreciation. That was because he stupidly made a decree against the possession of foreign currency while his cronies were doing so underhand
More on the link https://www.nairaland.com/2055709/discussion-buharis-economic-policies-corruption

He stopped profiteering? Buying at N6 and selling at N8 a mark up of 30% is profiteering? Buhari made people get out of business by this act because he forced them to sell a tin of milk at N4 when the cost price was N6

They were not going to take a foreign loan that was why he stopped the Lagos rail project. See the result in the present day Lagos. You would have killed Fashiola for borrowing to build infrastructure. If he is aversed to borrowing, he will stop all projects that are funded with borrowed money. Oh, I forgot he borrowed to buy presidential nomination form....yada yada bla bla

Try another thing

The title of the thread is "economic truth".
that means lies!
APC can only be economic with the truth.
They like lies a lot!

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

buhari is a criminal for sending the army to force my father's warehouse open and sold his goods below the cost price and fall his business, he failed many businesses,in fact don't remind me of that rogue cause it will never be well for him and any body that supports him,Gej till Namadi 's turn in 2019

tit:
The title of the thread is "economic truth".
that means lies!
APC can only be economic with the truth.
They like lies a lot!

Don't mind them

I presented a better way to utilize N1.5tr in the previous page and one of them resulted to insults

How's Jonathan suffering in 1983 Buhari's fault?

Buhari came to power on December 31st,1983(Last day of the year 1983 for Jonathanians).

SUBMARINE:
Don't mind them

I presented a better way to utilize N1.5tr in the previous page and one of them resulted to insults

You presented.rubbish. I did not finish reading it when i noticed somthing about turning everybody to a tea, milk and sugar manufacturer or words to thar effect.

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

Please tell the Indomie generation.......Indomie generation: kids and the elderly that refuse to learn from experience of the past.

MalcoImX:
God will bless you for setting the records straight. It was the civilian regime of Shehu Shagari that destroyed the economy to the extent that you can't find basic commodities like soap, milk, foodstuffs, etc. in the markets. There was hoarding for the little that was available. Buhari did the right thing by identifying those warehouses that hoard, forced them open and sold the commodities at government controlled prices. People queued to buy those essential commodities. That was what Jonathan meant by he queued overnight to get milk. The part he didn't tell us was, the scarcity was caused by Shagari's regime, and people were grateful to Buhari for taking the measures he did.

The scarcity was not caused by shagari but by the government that did not empower the people to be productive but look up to the government for daily needs.
If the manufacturers of those goods were in Nigeria would the goods be hauded?
Almost all the goods were imported. What did the government the do in form of policy to attract investors?

chernest2002:
buhari is a criminal for sending the army to force my father's warehouse open and sold his goods below the cost price and fall his business, he failed many businesses,in fact don't remind me of that rogue cause it will never be well for him and any body that supports him,Gej till Namadi 's turn in 2019

Your family business was involved in crimihal activity. You guys committed economic crimes and were greedy. Tell us how much taxes u ever paid to govt. We are just not serious in this country.
Please be careful some of these laws are retroactive and you can.still be arrested for hoarding of goods. The young boys who are doing 419 sojetimes what they do is hard to prove as illegalities but we have locjed them up because they have riluined lives andbrought disgrace to Nigeria.

atlwireles:
Too much rubbish, answer my question and spare me your verbose., Why were Nigerians not standing for basic food supply during other governments? Why, WHY, only during your almajiri, quota system, fraudulent major general, did Nigerians stand for days.

I thought you will thank Adminisher for his efforts, instead all he got was insults.
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Let me answer you in the language of bus-stop economics. During Shagari's regime essential commodities were scarce. You don't see soap, detergents, foodstuffs, etc. in the markets. The few available is beyond the means of the ordinary people. Businessmen hoard the goods in order to make higher profits. When Buhari came, these warehouses that hoard these goods were identified, opened and the goods sold at government controlled prices. People queued to buy these scarce goods at a price they can afford. That was where the "queue" came in. And for your information, the masses were happy and in some cases they were the ones who pointed out warehouses who hoarded the goods.
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So, Buhari wasn't the one who caused the scarcity. He was just doing his best to correct a problem he met.

jdilight:
The scarcity was not caused by shagari but by the government that did not empower the people to be productive but look up to the government for daily needs.
If the manufacturers of those goods were in Nigeria would the goods be hauded?
Almost all the goods were imported. What did the government the do in form of policy to attract investors?

This was my point. Exchange rate was key. Buhari was fighting for local manufacrurers by keeping the cost of dollar low. The naira might get down to 220 to the dollar with Jona please tell me howvmany young people are empowered theh

MalcoImX:
I thought you will thank Adminisher for his efforts, instead all he got was insults.
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Let me answer you in the language of bus-stop economics. During Shagari's regime essential commodities were scarce. You don't see soap, detergents, foodstuffs, etc. in the markets. The few available is beyond the means of the ordinary people. Businessmen hoard the goods in order to make higher profits. When Buhari came, these warehouses that hoard these goods were identified, opened and the goods sold at government controlled prices. People queued to buy these scarce goods at a price they can afford. That was where the "queue" came in. And for your information, the masses were happy and in some cases they were the ones who pointed out warehouses who hoarded the goods.
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So, Buhari wasn't the one who caused the scarcity. He was just doing his best to correct a problem he met.

, KEEP THAT FOR YOUR ALAMJIRI MAJOR GENERAL.

And this price control (Almajiri Economics) has been deemed by economists as the second fastest way to destroy an economy, after a nuclear bomb.

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.

Adminisher:
This was my point. Exchange rate was key. Buhari was fighting for local manufacrurers by keeping the cost of dollar low. The naira might get down to 220 to the dollar with Jona please tell me howvmany young people are empowered theh

How was he fighting for manufacturer when there was hardly any manufacturer. Do you know how many goods were ban fully or partially by this government?

Jonathan is now reading Babangida' s coup speech against Buhari in his campaign.

WHO IS ADVISING THIS CLUELESS MAN !!!!!.

jdilight:
How was he fighting for manufacturer when there was hardly any manufacturer. Do you know how many goods were ban fully or partially by this government?

Please talk to any old member of Manufacturers Association of Nigeria MAN. They were working very closely withngivernments. I actually saw import licenses and Form Ms and clear categorization of importation into spare parts, manufacturing equipment and raw materials.

All these were for a short time to get local manufacturing installed for all consumer goods.

chernest2002:
buhari is a criminal for sending the army to force my father's warehouse open and sold his goods below the cost price and fall his business, he failed many businesses,in fact don't remind me of that rogue cause it will never be well for him and any body that supports him,Gej till Namadi 's turn in 2019

The reason for hoarding was to make a kill, profit-wise and probably that was what your daddy did. It is a crime (economic sabotage) to hoard, according to the government of that day.
I can understand why you and your daddy were unhappy with Buhari. It was for these types of acts that the elites don't like him. But as a leader, you have to make policies and take decisions that you think will serve the general good. And surprisingly, many could not understand all the noise about Buhari. It is these same policies that adhered him to the populace. They know, ultimately when push comes to shove, he will protect their interests.

Please do you understand what a free market economy is? Its policies like the one you are advocating that Maduro the former bus "conductor" is busy implementing in Venezuela, that is running down that economy.
This is the 21st century and running an economy is way more complex than mere use of common sense alone. Tell ur oga to show his certificate then we can move on from there to his plans of stabilizing the oil price etc.

MalcoImX:
The reason for hoarding was to make a kill, profit-wise and probably that was what your daddy did. It is a crime (economic sabotage) to hoard, according to the government of that day.
I can understand why you and your daddy were unhappy with Buhari. It was for these types of acts that the elites don't like him. But as a leader, you have to make policies and take decisions that you think will serve the general good. And surprisingly, many could not understand all the noise about Buhari. It is these same policies that adhered him to the populace. They know, ultimately when push comes to shove, he will protect their interests.