₦airaland Forum

TonyeBarcanista:
While Jonathan made relative progress in the economy, achieving economic growth, Buhari has made retrogression and achieving negative growth.

What has Buhari done differently?

fiizznation:
You guys should be very grateful to president buhari for rescuing Nigeria from the tight grip of corruption.


Nuff said

PassingShot:
Who indicted Lawal?

Why are you disgracing yourself because of politics?

Truth234:
Can I ask you? What was the forex monthly demand during Obasanjo, Yara Dua and GEJ?

Bolustic:
You are obviously not informed?

Go and read up the difference between ECONOMIC DEVELOPMENT & ECONOMIC GROWTH

Also Read- How Countries Compete by Richard Vietor

I think by that time, you would have been more exposed and think well before writing thrash

ECONOMIC DEVELOPMENT is the FOUNDATION to ECONOMIC GROWTH

Economic DEVELOPMENT deals with critical infrastructure, quality of life, human development while

ECONOMIC GROWTH deals mostly with DATA in terms of GDP, Inflation, Foreign reserve etc

Yes, GEJ achieved the biggest GDP!!! Agreed

But has it led to the completion of Lagos Ibadan Expressway (the busiest road in Nigeria)

Did it complete the Second Niger Bridge?

Has it increased the ranking of our universities?

Did it repair our REFINERIES?

Oga, go and read

dukie25:
If I'm a member of PDP today and APC tomorrow, who am I?

Send your answers via email to:
protection@Gbawe.com

TonyeBarcanista:
Lalasticlala and Tonto Dike did!


If you can't read and comprehend then I don't think I can help you

Bolustic:
You are obviously not informed?

Go and read up the difference between ECONOMIC DEVELOPMENT & ECONOMIC GROWTH

Also Read- How Countries Compete by Richard Vietor

I think by that time, you would have been more exposed and think well before writing thrash

ECONOMIC DEVELOPMENT is the FOUNDATION to ECONOMIC GROWTH

Economic DEVELOPMENT deals with critical infrastructure, quality of life, human development while

ECONOMIC GROWTH deals mostly with DATA in terms of GDP, Inflation, Foreign reserve etc

Yes, GEJ achieved the biggest GDP!!! Agreed

But has it led to the completion of Lagos Ibadan Expressway (the busiest road in Nigeria)

Did it complete the Second Niger Bridge?

Has it increased the ranking of our universities?

Did it repair our REFINERIES?

Did it improve on our POWER?

Oga, go and read and after that, come and tell me what GEJ did better than OBJ and Yaradua

TonyeBarcanista:
You can get that through NBS or other sources

TonyeBarcanista:
Oga who do you this kind thing?

Who said Nigeria was an Eldorado under Jonathan? Who said Nigeria was developed under Jonathan or any PDP government?

Uncle read well, Nigeria experienced growth under the past governments since 1999 but we needed more.

However, Buhari achieved RETROGRESSION leaving our GDP at -2% and plunging us into recession.

Please, use your brain when making an argument.

TonyeBarcanista:
Oga who do you this kind thing?

Who said Nigeria was an Eldorado under Jonathan? Who said Nigeria was developed under Jonathan or any PDP government?

Uncle read well, Nigeria experienced growth under the past governments since 1999 but we needed more.

However, Buhari achieved RETROGRESSION leaving our GDP at -2% and plunging us into recession.

Please, use your brain when making an argument.

PassingShot:
So, the Senate can indict!

Shame dey catch me on our behalf walahi!

Bolustic:
If not for the fact that you are not intelligible, you would not know that world reckons with FASTEST DEVELOPING/DEVELOPED COUNTRIES and not THE FASTEST GROWING ECONOMIES because the former is more important than the latter

That is why you will hear of G-10 countries and not the fastest growing economies because growth can REGRESS but development can only STANDSTILL and not REGRESS

That is why the world reckons with the BRICS and not biggest GDP,

Oga, use your sense, no serious country in the world uses GROWTH to brag but DEVELOPMENT!!!

You are real disgrace to the ECONOMICS OF DEVELOPMENT

TonyeBarcanista:
I gave facts and figures and you are talking badderash.

What if Obasanjo had been blaming the military? On corruption, what is Buhari doing differently from his immediate predecessor?

PassingShot:
So, the Senate can indict!

Shame dey catch me on our behalf walahi!

anonimi:
When one is a certified dullard who can't deliver on the yoyo promises that intoxicated the zombies to vote him in, then you resort to blaming everyone and everything else instead of admitting your incompetence and resigning.


www.nairaland.com/attachments/3403303_bruce_pngac5e04247d6bc83591bbe237085cb4b8



www.nairaland.com/attachments/3386584_img20160209151617_jpeged2361e0101fcbb510a35c3f0f40701e

Newmanluckyman:
... Pls stop embarrassing yourself. Who indicted Dasuki, federal judges, former PDP spokesman, former MD of maritime and safety administration before Buhari swoop on them? So laws and method of indictment are different to some people.

Maybe you don't know, this administration fight against corruption is a hogwash and a mere jamboree.

General Buratai Bought Second Dubai Property Days After Appointment As Chief Of Army Staff

General Tukur Yusuf Buratai bought a second choice property in Dubai, the United Arab Emirates, days after his appointment as Nigeria’s Chief of Army Staff (COAS), an investigation by SaharaReporters has revealed.

More from: http://saharareporters.com/2016/06/27/general-buratai-bought-second-dubai-property-days-after-appointment-chief-army-staff


*************************************************************

More Details Emerge On Nigeria Chief Of Army Staff General Buratai’s Dubai Properties

An ongoing investigation by SaharaReporters into properties acquired in Dubai by Chief of Army Staff (COAS), General Tukur Buratai, has revealed more details about the officer’s real estate acquisitions estimated at N160 million at the minimum.

More from: http://saharareporters.com/2016/07/09/more-details-emerge-nigeria-chief-army-staff-general-buratai%E2%80%99s-dubai-properties



[img]http://madukovich.files./2015/10/buratai-doing-push-ups-with-soldiers-in-the.jpeg[/img]

9japride:
I hv noticed these days that there are few zom B who are very vocal in their propaganda job on NL. Defending this government viciously in an attempt to show that their pay masters are not wasting our collective wealth on them. History will judge them all

TonyeBarcanista:
By TonyeBarcanista

Goodluck Jonathan
When Goodluck Jonathan took over government he continued with the electoral reforms of Yar’adua, he further implemented court judgments and signed the Freedom of Information Act. Jonathan took the agricultural revolution of Obasanjo to another level, a policy that saw a 25KG bag of rice falling to N8000 and a relative affordability of prices of other agricultural products. Under this era, Nigeria managed to achieve a single digit inflation rate under the administration, the government also achieved relative success in power decentralization and road and rail construction. The government was however unpopular due to the depletion of the reserve from $47 billion it inherited to $30 billion it left it, the depletion of the Excess Crude Account from $9 billion it inherited in 2010 to $2.1 billion despite oil boom period- no thanks to the demands of state governors to “share the money”, which most of them couldn’t justify. The government was also accused of not doing enough to fight corruption and even accused of being corrupt; the ongoing arms probe is more of an indictment. A further dent was the failure to tackle BH insurgency. Though the government inherited the naira at N150-155/$, it left it at N199/$ official rate and 220/$ in the parallel market. Despite the flaws of the government, the administration achieved GDP growth rate of 5% in 2011, 4.2% in 2012, 5.4% in 2013 and 6.3% in 2014.
Nigerians wanted more and brought in the Buhari administration with hope that he would achieve it.
...

nduchucks:
The OP'S write-up smacks of profound ignorance of basic micro and macro Economics, monetary policy and other major factors which affect GDP, unemployment at the national level, and foreign exchange rates.

Understandably, it is difficult for most people to wrap their hands around N1 billion, let alone the hundreds of trillions of naira siphoned out of the coffers of the government of this great country.

The damage done by the last government in particular, will take much more than 2 years to repair. The sufferings of many Nigerians at this time is very unfortunate but unavoidable.

Insha Allah, by the time Buhari finishes draining the swamp, the next crop of leaders would build on a foundation which would also suffer from corruption, but manageable corruption.

TonyeBarcanista:
Is the President fighting corruption? Did he fight corruption as much as Obasanjo? What is he doing differently from the past administrations in terms of corruption?

Even Jonathan had to relieve Ms Stella of her appointment as minister when indicted for buying TWO CARS for N260 million, yet Baba couldn't shake body on Lawal despite indictment on spending N250million to clear GRASS.

Newmanluckyman:
... Pls stop embarrassing yourself. Who indicted Dasuki, federal judges, former PDP spokesman, former MD of maritime and safety administration before Buhari swoop on them? So laws and method of indictment are different to some people.

Maybe you don't know, this administration fight against corruption is a hogwash and a mere jamboree.

TonyeBarcanista:
If you are smart you'd have known that development can only happen where th[b]ere is growth if consistency his maintained and institutions built/strengthened.[/b] You can't achieve that in a retrogressive environment like we are having under Buhari.

TonyeBarcanista:
By TonyeBarcanista


In May 2015 when President Muhammadu Buhari was inaugurated as the 15th President of Nigeria, a lot of expectation was placed on him especially when factoring his numerous promises. Though, I will be fair to him by not judging his performance based on some of his ridiculous and unrealistic campaign promised.

PRE-BUHARI ERA
Chief Olusegun Obasanjo
Since 1999, Nigerians have been desirous of a better deal from successive administrations for different reasons, a demand that peaked in 2015 which saw the sacking of the former ruling PDP administration of Goodluck Jonathan to usher in the present Buhari government.

While President Olusegun Obasanjo was credited with his economic revolution that saw our external loan of $36 billion cleared, external reserve risen from a paltry $1.5 billion in 1999 to $45 billion in 2007, Excess Crude Account risen from $0 in 2004 to $25 billion in 2007, the entry of Mobile Telecommunication giants and crashing of phone tariffs, the various industrialization and promotion of local content that helped in agricultural growth, Nigerians were upset with the government due to its failure to fix power/electricity despite sinking $16 billion for the project. Despite the fact that Nigeria GDP maintained a growth of 5.5% in 2000, 6.7% in 2001, 14.6% in 2002, 9.5% in 2003, 10.4% in 2004, 7% in 2005, 6.7% in 2006 and 7% in 2007 from the 3% it obtained in the Abacha era, despite the fact that the administration created the two anti-corruption agencies, EFCC and ICPC- agencies that fought corruption to the point of prosecuting high ranking party members and officers of government , despite the fact that NAFDAC that fought successfully the scourge of fake drugs under the leadership of Amazon and Heroine Professor Dora Akunyili, Nigerians wanted more. Nigerians were upset with the government because the citizens expected more especially political stability, strengthening of INEC, The Police Force, The EFCC and ICPC and other institutions of the State. On the strength of the Naira, Obasanjo government deliberately and repeatedly devalued the Naira from 22/$ in order to allow for industrial revolution and give it its real value, which was pegged at 120-125/$ in 2007.

Umaru Musa Yar'Adua
In 2007, Obasanjo was succeeded by Umaru Musa Yar’adua of the PDP, who came through a somewhat controversial election. The late President would rather institute policies to see to the strengthening of institutions like INEC by initiating the electoral reforms. Musa Yar’adua went further to implement several court judgments that was ignored by Obasanjo, he created the Ministry of Niger Delta Affairs to tackle the problem of the region and initiated Amnesty process to pacify agitators in the creeks. The government reviewed the deregulation policy of the downstream sector by the Obasanjo administration and relaxed the pump price of petrol from N75/ltr to N65/ltr in order to accommodate the yearnings of Nigerians. Yar’adua was more of a pupilist President that reversed the power policies of Obasanjo and also reversed the sale of the country’s dilapidated refineries just to please labour leaders (actions I consider to be unfortunate). Under Musa Yar’adua, the country experienced a GDP growth rate of 7.2% in 2008, 8.3% in 2009 and 8% in 2010. To the credit of Yar’adua, the external reserve grew from $45 billion that it inherited in 2007 to $63billion in 2008 but finally at $47 billion in 2010 when he unfortunately died in office but depleted the Excess Crude Account to $9billion after the government partly yielded to the demand of governors. In 2007, Naira was exchanged in the range of 120-125/$ and was left at 150-155/$ in the parallel market, achieving a 20% increase. Nigerians wanted more.

Goodluck Jonathan
When Goodluck Jonathan took over government he continued with the electoral reforms of Yar’adua, he further implemented court judgments and signed the Freedom of Information Act. Jonathan took the agricultural revolution of Obasanjo to another level, a policy that saw a 25KG bag of rice falling to N8000 and a relative affordability of prices of other agricultural products. Under this era, Nigeria managed to achieve a single digit inflation rate under the administration, the government also achieved relative success in power decentralization and road and rail construction. The government was however unpopular due to the depletion of the reserve from $47 billion it inherited to $30 billion it left it, the depletion of the Excess Crude Account from $9 billion it inherited in 2010 to $2.1 billion despite oil boom period- no thanks to the demands of state governors to “share the money”, which most of them couldn’t justify. The government was also accused of not doing enough to fight corruption and even accused of being corrupt; the ongoing arms probe is more of an indictment. A further dent was the failure to tackle BH insurgency. Though the government inherited the naira at N150-155/$, it left it at N199/$ official rate and 220/$ in the parallel market. Despite the flaws of the government, the administration achieved GDP growth rate of 5% in 2011, 4.2% in 2012, 5.4% in 2013 and 6.3% in 2014.
Nigerians wanted more and brought in the Buhari administration with hope that he would achieve it.

PRESIDENT MUHAMMADU BUHARI ERA
When this President came in, Nigerians were expecting improvement in their livelihood, job opportunities, zero tolerance to corruption, political and judicial stability and consolidation of the gains of the agriculture sector.

Since coming to power, instead of increase in living standard, Nigeria is experiencing massive decrease. Lots of job loss, the GDP that was experiencing marginal growth since 1999 shrank by -2% in 2016, inflation rate increased from 9.6% in December 2015 to a whopping 18.72% in January 2017, achieving over 100% increase. Price of basic commodities has shot astronomically high from what was obtainable before the government came to power. There have been lots of job losses with firms either downsizing or folding up completely. The government that came to power on anti-corruption rhetoric has repeatedly looked the other way in corruption cases that has to do with friends and officers of the administration. For instance, while Olusegun Obasanjo sacked Fabian Osuji, his minister of Education in 2005 over accusation of bribery, Buhari has refused to act on SGF Lawal Babachir, Ibrahim Magu, Rotimi Amaechi, Speaker Yakubu Dogara, Raji Fashola and others indicted in one corruption case or the other, an action that has made rubbish his so-called arms probe. The President came with pledge to make public his assets and liabilities, yet, Nigerians have not seen to that. Instead of bringing fresh ideas to government, the President brought in those that were “former this and former that” under former governments of PDP due to their hunger to continue to remain in relevance, despite having nothing of value to offer.

We have a government that is running on the highest budget in the history of the country yet, the masses are crying and dying of hunger. Recession that was hitherto left in economics text books has now become an anthem in the lips of many. The government that pledged against medical tourism in foreign countries is the same government practicing it. To the credit of the government, Boko Haram insurgents are relatively contained but Fulani herdsmen have taken over with minimal challenge. Election in the country is now a case of thug of war as the government, instead of strengthening the electoral body (INEC) and security agencies to be more professional, has instead adopted the abuse of State institutions in the name of “federal might”. While the government instituted Whistle Blower policy, Nigerians are wondering whether the policy does not affect the National Assembly, because the President and the Presidency looked the other way when Kano state Rep member, Hon Jubril Abdul blew a very BIG whistle that has to do with corruption in the House of Representative including himself. In fact, Jubril was punished for daring to blow whistle. Under the administration, electricity tariff has increased by over 100% without a corresponding value of electricity and the power situation which was relatively stable in 2015 has worsened. Naira situation has worsened from official rate of N198/$ it inherited to N305/$ while the “real rate”/alternate market rate increased from N220/$ to N505/$, achieving a shameful 130% depreciation rate within a space of two years WITHOUT any form of industrial growth.

While the government inherited a country withfallen oil price, the oil price has been achieving growth since the second quarter of 2016. In fact, oil price has been at increase since January 2016. For instance, as at January 2016 it sold at $30 per barrel, in April 2016 it sold at $41/barrel, it sold at $52.62 per barrel in December 2016, $54 per barrel in January 2017 and now it is selling in the same region, but withot anything to show for its growth.

Nigerians, including those that supported the administration are yet to understand the kind of government in place. Nigerians wanted a better deal and improvement in livelihood but are getting the complete opposite of what they signed up for in 2015. It is an indictment on the administration that some people are crying that things weren’t so bad previously (that is not to say previous governments were Eldorado).

Two years on, instead of counting our achievement, the masses are lamenting woes. The government keep blaming past administration yet without any solution to myriads of problems. What if Obasanjo had spent his time blaming the military regimes of Abacha and IBB? Nigeria is such a sorry mess.

President Muhammadu Buhari has failed Nigeria, he has made Nigeria a mockery in the committee of nations, it is only God that can give the Nigerians the grace to endure and survive his unfortunate leadership till 2019 when they will have opportunity to kick out the government for good.



May God Bless Us All And Bless Nigeria
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Nukualofa:
Tonye don get alert na Godwin