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Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari (23833 Views)

US To Press Nigeria To Devalue Naira - Reuters / Dollar Hits 335 Naira. Remove Kemi Adeosun And Emefiele Now...replace With! / Fuel Subsidy: Buhari In Dilemma (new Telegraph) (2) (3) (4)

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Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by Bitterleafsoup: 9:17am On Mar 19, 2015
Izontubo:
If only buhari and osibanjo spilled out plans they have for the Niger delta then they would have had more votes from maybe the Niger delta..as for me all I care about is the stop against marginalization of the Niger delta and it's resources...any president that can accomplish would be welcomed...in my heart I am tired of Jonathan because he has actually not met with the demands of Niger delta,rather he is enriching those rogues called militants while the real youths who want to work are shoved aside...As it is I don't think buhari can put the Niger deltans in his plans,so we Niger deltans have decided to still stick to GEJ hoping he can turn things around for the Niger delta and Nigeria at large...make I no talk lie I tire for GEJ especially denzieni...that woman na him annoy me pass for this world... angry
The oil block contracts are up this year don't worry GEJ will surprise you. You people have to hold your Governor accountable, make noise exposé is working good now days.ni never agreed with the sending a few abroad for school that money has to be used to build education in Delta you people are too gentle, the ones make noise are billionaires today.Delta Youth speak out. Part of fighting Boko Harem is education, the Northen Leaders including Buhar do not give a damn about the youths. When you have nothing to live for you will die for anything!
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by chumasmog(m): 9:19am On Mar 19, 2015
alberto2k:
Sorry Baba Idonbilivit

Everyone deserves a 2nd chance


Let give GEJ another chance...
GEJ till 2019 cool


its d gospel/ quran truth.. Tho u weren't in existence then.. So go make ur research!

1 Like

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by trayvon360: 9:19am On Mar 19, 2015
SeverusSnape:

... Elected to be the president of Arewanistan, with capital in Sambisa forest.
some people Are just blind like a bat. They. Prefer to stay in darkness even when they have the power to invite change. They will just say no im a bat and im better of in darkness. Vote Buhari for light. Apc for change

2 Likes

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by SirAweezy(m): 9:22am On Mar 19, 2015
SeverusSnape:

Trash!.. @ slashed

As for my tribe, You'll never know, Keep wasting your time.
It's Buhari that needs to be excommunicated, because he wants to take us back to the slave era.

Sorry to qoute you sir, but you are in a bigger slave era. I'm suprised you don't know

2 Likes

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by femijck(m): 9:23am On Mar 19, 2015
Even if they call him a grandpa,
Even if they call him an illitrate and a dictator,

For a better Nigeria or even worst one, come march 28, Baba u've gat my vote.

They keep calling us the future of tomorrow even when d future is not forth coming due to high level of corruption in my dear country...where is the hope of we youths? ..where does our future lies? ..After graduation we roam about the street in hungers..No plan for marriage @ 30yrs because of unemployment....Our sisters turned prostitute over night due to hunger...

Even if CHANGE is not the answer, I wil vote change and see what it brings..Afterall you can only hope for the best while u expect the worse to be a strong man that u deserve.

SAI BUHARI !!
#March4buhari

3 Likes

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by Adyrin(m): 9:26am On Mar 19, 2015
Princecalm:
since ged is not an economist, he was just using foolish advice from his aides



What is this one saying?
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by SeverusSnape(m): 9:26am On Mar 19, 2015
SirAweezy:


Sorry to qoute you sir, but you are in a bigger slave era. I'm suprised you don't know
No boss, I'm free. cool
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by grandstar(m): 9:27am On Mar 19, 2015
Question:

If you have N10B chasing $10B, what will the exchange rate be? $1 = $1

Now, if the $ revenues reduce t $5B and N10B is chasing it, what will the rate be ? let me guess? abut N2 t a S1

Buhari is an economic ignramus
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by PassingShot(m): 9:30am On Mar 19, 2015
Rawani:
Before Jonathan
$1=N153.55
After Jonathan
$1=N202.65

Nigeria needs Buharinomics.

We have always known the subsidy was a scam, even before the corrupt subsidy earners were caught by Farouk Lawan's subsidy committee before they went on to bribe and set him up, because the numbers don't just add up.

General Buhari we cannot wait for you to stop Jonathan's destruction of our economy while feeding the masses with paper economic growth statistics.

We need change.



Dollar/Naira rate is now above 220 Naira to a dollar

1 Like

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by Adyrin(m): 9:32am On Mar 19, 2015
femijck:
Even if they call him a grandpa,
Even if they call him an illitrate and a dictator,

For a better Nigeria or even worst one, come march 28, Baba u've gat my vote.

They keep calling us the future of tomorrow even when d future is not forth coming due to high level of corruption in my dear country...where is the hope of we youths? ..where does our future lies? ..After graduation we roam about the street in hungers ..No plan for marriage @ 30yrs because of unemployment.... [s]Our sisters turned prostitute over night due to hunger..[/s]

Even if CHANGE is not the answer, I wil vote change and see what it brings..Afterall you can only hope for the best while u expect the worse to be a strong man that u deserve.

SAI BUHARI !!
#March4buhari

Pls, my sisters didn't turn to prostitution because they were well trained!
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by walozanga(m): 9:35am On Mar 19, 2015
HAHAHAHAHH... SEE BUHARI DON BEGIN DEY READ BOOK OOOH.
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by Rawani: 9:37am On Mar 19, 2015
PassingShot:


Dollar/Naira rate is now above 220 Naira to a dollar

Yeah, I only used CBN rates to forestall any bickering by TANoids. We all know the open market rate is much higher.

1 Like

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by Princecalm(m): 9:39am On Mar 19, 2015
Adyrin:


What is this one saying?
what is this one hearing/seeing?
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by olas24u(f): 9:39am On Mar 19, 2015
SeverusSnape:
What does Buhari know about economy?... Absolutely nothing!, You didn't devalue the Naira, right?...Oya, Come and stabilize world oil price let's see. Nonsense!!!

Is that the only way you can safe foreign exchange,having the refineries work alone will support the Nigerian Naira,increase capacity building in that industry and create jobs in the long term.Improving electricity will boost production and manufacturing and exports to neighboring west Africa countries and also central Africa ,this is a huge market .which will in turn create jobs for Nigeria.And so many other added values can support and stablize the Naira ,not world oil prices

2 Likes 2 Shares

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by akulaxx: 9:41am On Mar 19, 2015
It seems quite clear that buhari knows nothing about economics.
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by SeverusSnape(m): 9:42am On Mar 19, 2015
olas24u:


Is that the only way you can safe foreign exchange,having the refineries work alone will support the Nigerian Naira,increase capacity building in that industry and create jobs in the long term.Improving electricity will boost production and manufacturing and exports to neighboring west Africa countries and also central Africa ,this is a huge market .which will in turn create jobs for Nigeria.And so many other added values can support and stablize the Naira ,not world oil prices
Okay sir.
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by chibas: 9:44am On Mar 19, 2015
SeverusSnape:
What does Buhari know about economy?... Absolutely nothing!, You didn't devalue the Naira, right?...Oya, Come and stabilize world oil price let's see. Nonsense!!!
mr know all what position had u attained?

2 Likes 2 Shares

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by Toktee(m): 9:48am On Mar 19, 2015
SeverusSnape:
What does Buhari know about economy?... Absolutely nothing!, You didn't devalue the Naira, right?...Oya, Come and stabilize world oil price let's see. Nonsense!!!
don't worry,he will do it,and that is what ur aba made phd holder is unable to do.
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by chibas: 9:49am On Mar 19, 2015
alberto2k:
Sorry Baba Idonbilivit

Everyone deserves a 2nd chance


Let give GEJ another chance...
GEJ till 2019 cool
agreed but let jonathan learn how it is being done since he failed to learn from ya'ardua( of blessed memory).
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by DYoung2(m): 9:52am On Mar 19, 2015
SeverusSnape:
What does Buhari know about economy?... Absolutely nothing!, You didn't devalue the Naira, right?...Oya, Come and stabilize world oil price let's see. Nonsense!!!
mind u, u are now telling him to come stabilize what has been distablized for decades
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by PassingShot(m): 9:56am On Mar 19, 2015
SeverusSnape:
What does Buhari know about economy?... Absolutely nothing!, You didn't devalue the Naira, right?...Oya, Come and stabilize world oil price let's see. Nonsense!!!

Funny Jonathanian! So, Jonathan has proved to know something about economy with all kinds of failures that we have recorded in our economy!

Your master's Cluelessness has infested all of you.

2 Likes

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by chibas: 9:58am On Mar 19, 2015
SeverusSnape:

Trash!.. @ slashed

As for my tribe, You'll never know, Keep wasting your time.
It's Buhari that needs to be excommunicated, because he wants to take us back to the slave era.
slave kwa, are u not more than a slave in GEJ bad administration?u have no light and they bring bill almost equivalent to the cost of building itself
Under GEJ u buy fuel at the rate over #100 and is not even readily available,so tell which other slavery are u talking about.

1 Like

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by ooshinibos: 10:00am On Mar 19, 2015
alberto2k:
Sorry Baba Idonbilivit

Everyone deserves a 2nd chance


Let give GEJ another chance...
GEJ till 2019 cool

what is wrong with you alberto , cant you just have compassion for Nigerian for 1 Minute ...a Dollar is nearly 250 naira and 1 Pound will give you 320 naira ....cant you see that the economy has been damaged under GEJ ...this is not good for Business and you are still saying GEJ 2019 ...by 2019 1 DOLLAR MIGHT BE 500 HUNDRED NAIRA ..please have mercy on us please ... the reason for the devalue is not oil Price ..ist mismanagement by GEJ ::IF WE STILL HAD THE SURPLUS RESERVE it will have been used to buffer the naira in the Event of an oil Price drop ....see where we are because of GEJ

1 Like

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by Rick9(m): 10:00am On Mar 19, 2015
PDP Gej and Apc Buhari

A decision to choose between a lesser of two evils. Hmmm
I prefer the latter to the former, for reasons best known to me.
#Change2015

1 Like

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by ooshinibos: 10:01am On Mar 19, 2015
a Dollar is nearly 250 naira and 1 Pound will give you 320 naira ....cant you see that the economy has been damaged under GEJ ...this is not good for Business and you are still saying GEJ 2019 ...by 2019 1 DOLLAR MIGHT BE 500 HUNDRED NAIRA ..please have mercy on us please ... the reason for the devalue is not oil Price ..ITS mismanagement by GEJ ::IF WE STILL HAD THE SURPLUS RESERVE it will have been used to buffer the naira in the Event of an oil Price drop ....see where we are because of GEJ

1 Like

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by chibas: 10:03am On Mar 19, 2015
DYoung2:

mind u, u are now telling him to come stabilize what has been distablized for decades
an adage says"if u don't know where u are going u definately know where u are coming from"as it is now "otidojuru".
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by alberto2k(m): 10:07am On Mar 19, 2015
ooshinibos:


what is wrong with you alberto , cant you just have compassion for Nigerian for 1 Minute ...a Dollar is nearly 250 naira and 1 Pound will give you 320 naira ....cant you see that the economy has been damaged under GEJ ...this is not good for Business and you are still saying GEJ 2019 ...by 2019 1 DOLLAR MIGHT BE 500 HUNDRED NAIRA ..please have mercy on us please ... the reason for the devalue is not oil Price ..ist mismanagement by GEJ ::IF WE STILL HAD THE SURPLUS RESERVE it will have been used to buffer the naira in the Event of an oil Price drop ....see where we are because of GEJ
So you think Baba can restore the naira to 1N to $1 shey...

Assuming that's is possible and he'll do it i'll change my mind but its way too impossible..

let's give this man another chance biko...
the people around Buhari(Tinubu and d rest) is the reason why I withdrawn my support for Baba
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by profibknoni: 10:08am On Mar 19, 2015
Chiefpriest1:
For Nigerians, the available has become the desirable. No matter how much I think Buhari needs some brushing up, I think he's still better than the bros we currently have there.

Leadership requires courage, capacity and character. Jonathan has none of these.

We shouldn't even be talking about a man who left government over 32 years ago if jonathan was really doing well . But here we are, stuck between two bad choices.

yes ooo #SAI BABA

1 Like

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by oluamid(m): 10:23am On Mar 19, 2015
grandstar:
Question:

If you have N10B chasing $10B, what will the exchange rate be? $1 = $1

Now, if the $ revenues reduce t $5B and N10B is chasing it, what will the rate be ? let me guess? abut N2 t a S1

Buhari is an economic ignramus


Going by your logic, is the solution to the above math the devaluation of the Naira and create still more excess naira to chase the dollar?
Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by busky101(m): 10:27am On Mar 19, 2015
I never liked and supported this baba, but if he can give value to naira when he is elected, then i hv no other choice? #sai buhari..

2 Likes 1 Share

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by jio79: 10:29am On Mar 19, 2015
we are already decided,
operation #march4change#

1 Like

Re: Why I Refused To Devalue Naira, Remove Fuel Subsidy - Buhari by datribune: 10:32am On Mar 19, 2015
[s]
SeverusSnape:
What does Buhari know about economy?... Absolutely nothing!, You didn't devalue the Naira, right?...Oya, Come and stabilize world oil price let's see. Nonsense!!!
[/s]

Ar u always dis clueless?. To d informed, d decision in dis election is easy & pretty much settled. SAI BUHARI
When Buhari came to power, d western lenders & IMF knew dat d country had been severely weakened by d debt situation created by d corruption & profligacy of d thieving politicians whom Buhari eased out of power. They therefore saw an opportunity to hold our country to ransom & foist on our hapless & severely weakened nation d neo-liberal economic policies of d IMF wit its several slavish conditionalities including d devaluation of d naira. GMB called their bluff. He rejected d IMF loan & refused to devalue d naira. Thru sheer genius GMB & his economic team under d then min of finance, Dr Onaolapo Soleye turned d economy around. They devised an ingenuous system of barter 4 oil which was highly successful & it stabilized d economy. d inflationary rate was kept at between 3-5% & d exchange rate at $1 to 1 naira.

1 Like

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