₦airaland Forum

deomelo:
Going by your flawed and 2 year old kid logic that we can not blame jona based on the way the people before him like OBJ and Atiku ran the country, then you can not blame PMB for how Jona ran the country.



Should we also blame OBJ, Atiki and PMB for the wholesale and institutionalized looting and stealing under Jona and also for Jona borrowing hundreds of billions to pay workers salaries?


I feel terrible for even paying you any attention.

obailala:
Lol... you obviously arent able to see the big picture. Kindly tell us what you think was the forex demand in Nigeria in 1999 compared to 2015?

In 1999, are you aware we didnt even have ATM cards in Nigeria, we hardly even had internet or cybercafes then as compared to today when virtually everybody has access and wants to buy even handkerchiefs from overseas (high FX demand). Again in 1999, how many people did you know were involved in importation business? or random overseas travels with their families for summer holidays?... Are you aware that Nigeria has grown massively between 1999 and 2015 with the country now having a very large middle class demanding FX unlike in 1999 when it was only the top 0.01% of the population who demanded FX?

In 1999, how many people had cars in Nigeria and how much was the daily fuel demand/consumption in the country?... How many people even had generators to power their homes during blackouts in 1999 as compared to today when every student has an I-pass-my-neighbour generator (high fuel demand)? Also if I may ask, as at 1999, how much of Nigeria's fuel was imported as compared to today when virtually 99% of our massive 40 million litre/day fuel demand is imported?

I wouldn't even want to talk of the fact that today, everybody in Nigeria wears, eats, sleeps and breathes commodities which are imported from beyond our shores; even a sitting governor who should patronise Nigerian goods went ahead to marry an imported young wife to our amazement. Finally, what was even Nigeria's minimum wage and what was the total wage bill/recurrent expenditure of the government in 1999 compared to today?

In summary, if N10 in 1999 was sufficient to feed a family, N1000 would leave the same family in kwashiorkor in 2015; between 1999 till date, Nigeria's standard average demand for Forex has leaped by way more than 1000%. So the next time someone tells you OBJ met only $5billion in foreign reserves in 1999 and Nigeria wasn't in recession, kindly tell them that they should read beyond their elementary economics textbooks because a foreign reserve of $5billion in 1999 is equivalent to more than $50billion in 2015. Kindly tel me I am wrong and I will supply more details.

nairaman66:
I think you are the one who lacks basic reasoning. How many of you guys held the PDP when they were taking Nigerians for a stroll?

raynold:
Question, are you trying to say MB government is corruption free?

deomelo:
It is if you are ignorant and deceptive like the OP.

Jiang:
Wow, you actually checked barcanistas whole garbage article, for that I commend you. As for Me, immediately I saw the beginning, middle & end I knew it was a useless piece of garbage meant to glorify the clueless otouke one. I also have no idea why Nigerians keep caring about dollars when naira is our legal tender

engineerboat:
Hear yourself very well.

Did you just want to say something or what.

Look at this list again and tell me where they are noe.


1. Senate President Bukola Saraki

PDP governor for 8 years and senator for over 3 years. He joined the APC in 2014.

2. Speaker of the House of Representatives; Honourable Yakubu Dogara

Two-term PDP House of Representatives member. He joined the APC in 2014.

3. Former Vice President; Alhaji Atiku Abubakar

PDP VP for 8 years and presently an APC elder statesman after jumping from one party to the other since 2007.

4. Senator Victor Ndoma-Egba

PDP senator for 12 years. He defected to the APC last year. He is the serving chairman of the Niger Delta Development Commission board.

5. Senator Heineken Lokpobiri

Two-term PDP senator from Bayelsa state. He defected to APC after the 2015 elections. He is currently the minister of state for agriculture.

6. Senator Barnabas Gemade

Former national chairman of the PDP and senator from 2011 till date. He joined APC in December 2014.

7. Chief Audu Ogbeh

Former PDP chairman. Currently the minister of agriculture

8. Senator Ita Enang

Two-term PDP senator from Akwa-Ibom. He joined APC before the 2015 elections. He is presently the senior special assistant to the president on the National Assembly (Senate).

9. Governor Samuel Ortom of Benue state

Former Benue state secretary of the PDP. Former national auditor of the PDP and former minister under President Goodluck Jonathan. He joined the APC in December 2014.

10. Governor Atiku Bagudu of Kebbi state

A former two-term PDP senator from Kebbi.

11. Governor Aminu Tambuwal of Sokoto state

Former PDP Speaker of the House of Representatives. He joined the APC in 2014.

12. Senator Abdullahi Adamu

Two-term PDP governor of Nasarawa and senator in 2011. He joined the APC in 2014.

13. Senator Danjuma Goje

Two-term PDP governor of Gombe state and senator in 2011. He joined the APC in 2014.

14. Honourable Dakuku Peterside

He was a PDP House of Reps member from Rivers state. He joined the in 2014. He is currently the Director-General of NIMASA.

15. Senator Rabiu Kwankwaso

Two-term PDP governor of Kano state and former minister of defence under President Olusegun Obasanjo. He joined the APC in late 2013.

16. Mr Rotimi Amaechi

Former PDP Speaker of the Rivers state House of Assembly. Two-term PDP governor of Rivers. He joined APC in late 2013. He is currently the minister of transport.

17. Governor Rochas Okorocha of Imo state

He was a special adviser to PDP's President Olusegun Obasanjo. He joined APC in February 2013.

18. Senator George Akume

Two-term PDP governor of Benue state and senator in 2007. Left the party in December 2010 for the APC.

19. Governor Nasir El-Rufai of Kaduna state

Former FCT minister under President Obasanjo. Left the PDP in 2010.

20. Governor Bello Masari of Katsina state

PDP Speaker of the House of Reps from 2003 to 2007.

21. Senator Adamu Aliero

Two-term PDP governor of Kebbi state and senator in 2007. Later became FCT minister under Late President Umaru Musa Yar'Adua.

22. Senator Udoma Udo Udoma

Two-term PDP senator from Akwa-Ibom state. He is now the minister of budget and national planning.

23. Senator Chris Ngige

Anambra state governor under the PDP between 2003 to 2006. He is currently the minister of labour and employment.

24. Senator Andy Uba

Recently defected from the PDP to the APC after serving as a special assistant to former President Obasanjo and PDP senator for 5 years.

25. Governor Simon Lalong of Plateau state

Former Seaker of the Plateau state House of Assembly under the PDP.

26. Senator Joshua Dariye

Former governor of Plateau state for 8 years under the PDP.

27. Engineer Segun Oni

PDP governor for 3 years in Ekiti state. He is currently the APC national vice chairman for South west

28. Governor Abiola Ajimobi of Oyo state

PDP senator between 2004 to 2007 representing Oyo central senatorial district.

29. Governor Ibikunle Amosun from Ogun state

PDP senator from 2003 to 2007 representing Ogun central senatorial district

30. Governor Umar Ganduje of Kano state

Two –time deputy governor of Kano state under the PDP.

deomelo:
Show me where I even insinuated that.

Learn how to read and comprehend.

deomelo:
[s][/s]



Let's just agree for a second that they were the same corrupt people under PDP, what stopped Jonathan and his EFCC and law enforcement agencies from investigating, prosecuting and jailing them? last time I checked, they all defected while Jona was in office.

You people come up with the lamest logic to excuse away corruption.

deomelo:
[s][/s]



Let's just agree for a second that they were the same corrupt people under PDP, what stopped Jonathan and his EFCC and law enforcement agencies from investigating, prosecuting and jailing them? last time I checked, they all defected while Jona was in office.

You people come up with the lamest logic to excuse away corruption.

deomelo:
[s][/s]



Let's just agree for a second that they were the same corrupt people under PDP, what stopped Jonathan and his EFCC and law enforcement agencies from investigating, prosecuting and jailing them? last time I checked, they all defected while Jona was in office.

You people come up with the lamest logic to excuse away corruption.

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

engineerboat:
The list continue

The grasscutter SGF

The Magu DSs

The 2 billion untraceable Work budgets

250 million VP heavens gate

The billions naira cutleries

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


Nuff said

Pavarottii:
Guy wake up and smell d coffee; it's obvious u r consumed by the achievements of GEJ. So u feel pained wen he is praised. Cos from ur write-up; I think GEJ is ur problem not this economic dev and economic growth explanation that lacks a minute sense of knowledge.

oyinkinola:
...the analysis of the op is totally absurd and bias and is disrespective to this administration 1 comparing two years of this administration to 16 years is unfair, 2 close up eyes on the action of mllitancy in Niger delta, biafran agitator towards Nigeria situation is wickedness. 3 the drop in oil price below 1 tier of the time of pdp should not be over emphasise by any analysist.
4 this government had fufil the two priorities promise to nation...war on terrorism and war on corruption!
Nigerian wants more indeed!

Bolustic:
Oya, tell me just ONE achievement of GEJ in your region,

Just ONE

TGM2015:
Are this daft? Was Jonathan not borrowing to pay salaries few months before he left? Was he not owing some Ministry workers before he handover to Buhari?
If a well developed and rebased economy that Jonathan acquired and developed was still that strong, I very sure that a whole FG with strong developed economy that have not collapsed will still borrow to pay a recurrent expenditure such as salary. Is just like you are telling me that a father that can not meet up the demand of feeding his house is highly buoyant.

Summary is that Jonathan had destroyed the strong economy he once built by his reckless way of life and corrupt associates and handover already distressed country economy which later manifested on change of government. Just imagine if CBN had not bail out Union bank then, the next MD will be tagged a failure not knowing that the then big, strong and reliable bank then was just a walking corpse.

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

helinues:
Nigerians and blame games..

Proffer solution instead of long epistle

Pavarottii:
Point of correction; He never compared wiv 16years. Rather wiv each of the past presidents administration.

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
https://www.36ng.com.ng/wp-content/uploads/2016/04/buhari-2.jpg
Shared on palmchat

Godemcee:
though I don't like buhari,I think his style is to robotic,nd av always criticize lot of apc propaganda machine in here but av always maintained that u the most intelligent of them all nd u don't make comment with sentiment.

I agree with everything nd with ur type Nigeria still has hope,but Buhari should just go he his to stiff to rule Nigeria.

nairaman66:
[s]Listen, I think everyone should give the APC 16 years before anyone can judge them including you! [/s]When the PDP was playing ping pong with Nigeria's finances, where were the likes of you and TonyeBarcanist It is laughable to say these kind of articules flood Nairaland to justify the wasted years of the PDP!

The APC is trying to clean up the mess PDP left Nigeria in. The PDP is an evil party that needs to be resisted on all levels as their agenda is not only satanic but anti-democratic! The PDP should hide their head in shame as we are paying currently for the mess they caused us!