Deadlytruth:


We are basing our deduction on your own very claim.
According to you, Foreign reserves began to plummet on Dec. 1 1983.
We however know that Buhari took over on Dec. 31 1983. It then means the plummetting started 30 days before Buhari came to power thus it started under Shagari. This is simple syllogism.

The entries are monthly values and not daily.

A significant withdrawal on 31st December will affect the entire figure for the month of December.

Buhari is a thief and I don't know why you are defending that thief.

EasternActivist:
Everybody seems to patronize Igbos for any selfish political gains...

But you know what the Igbos don't even send or notice any of them.

Some igbos do otherwise the shameful act would have stopped a long time ago.

tsephanyah:
Someone told me ladies don’t cuss. Guess what? Sometimes we fu#king do. You can curse and still be a smart, beautiful woman. We can be flawed, yet fierce and funny. But the best women are those who know they can be whatever the f#ck they want. Ben the Albino of common sense

every wie, u are

2n2k:


Really?

Perhaps it was Buhari that asked Awolowo to warn shagari govt as far back as July 1981 that Nigeria was heading for economic crisis.

It was Buhari that asked shagari govt to ignore Awolowo and even abused him calling him prophet of doom

It was Buhari that caused the Nigerian economy to go into recession less than one year later that forced shagari govt to enact Economic Stabilization Act otherwise known as Austerity Measures in April 1982.

It was him who introduced import licence in June 1982 to ration the very low foreign reserve.

Buhari asked IMF to demand that naira be devalued in January 1983 with other conditionalities which shagari rejected and Buhari that came in a year later also rejected but had to be surreptitiously accepted by Babangida 3 years later under the guise of SAP and SFEM.

The issue here is that Shagari was ovethrown through undemocratic means by the almighty democrat called Buhari who was a soldier at the time. True or false?

Xander85:


Funnily enough, that 'Buhari was not aware' ruse that worked so well for them in the past as a get-out-of-jail card, is still being used by them today!

As the inaugural minister of petroleum he oversaw the looting of our national wealth whereby the NNPC could not account for a whooping $4bn which in today's money and adjusting for inflation will be equivalent to $20bn.

He refused to appear before a congressional hearing to account for the day to day management of the bloc and ministry. He will later claim to be ignorant of the theft under his ministerial supervision.

As chairman of PTF he supervised corruption and when asked to account for his management of public funds, he will refuse to honor the presidential committee. He will later claim ignorance as his defense.

The man is highly irresponsible liar

eyeview:


Son, I don't know how old you are but buhari as at then was worse than shagari in corruption.
I still remember the celebration across the nation in 1985 when buhari was toppled

You're definitely a lost cause when and wherever good governance is desirable. In saner cline, such as you are either condemned to concentration camp or outrightly deleted to save humanity from your contamination.
Never in the history of this country have we had it this good with governance that your perverted sensibility would not appreciate.
I remember vividly the lush among the academia when Buhari was overthrown. As usual, there's always celebration whenever a change in government happens as it happened with Buhari's military junta, same it happened with Gowon's, Obj, Babangida, Abacha and Abdulsalam. It's a norm Mr idiot the celebration that attends the end of any military administration so, shelve your stupid lecture for your kind.
And let me ask you, since Babangida got there till 2015, how did Nigeria fare?
And, point of correction, you're not even qualified to answer my son. My dogs are wiser and knowledgeable than you

RevLikeBigYansh:


The entries are monthly values and not daily.

A significant withdrawal on 31st December will affect the entire figure for the month of December.

Buhari is a thief and I don't know why you are defending that thief.

And the Shagari-Ekweme under whom the whole decimation started are saints, right?

Wow. This fellow wants to rewrite history.

Shagari was side-stepped in his administration and at a time had no answer to the unprecedented corruption of that era. In fact the foundation for corruption was laid by the NPN of that era. It was also the time that our nation started to lose its unity and started to lose its values in a collossal manner. No blame to Shagari, the gentleman. It was just that the party NPN was evil to its foundation. Their chairman was quoted as saying that 'Nigerians were yet to start eating from garbage bins.!

So, Ben Murray Bruce thinks that regime would have built Nigeria? It tells you the kind of person he is.

maasoap:

How credible is the source?

kitaatita:
Why is Mr. Bruce fixated on ethnic politics; with the Igbo as his reference point? Can't he talk about Shagari's death without bringing Igbo into it? Is the average Ijaw man better than the Igbo in Nigeria? What gives minions like Mr. Bruce, FFK and Fayose the impetus to act as spokesmen for Igbo renaissance?

Why are the Yorubas so bothered??...its none of your business,we didnt send you all to lament for us..

Tatafo,Amebo raise to infinity.

RevLikeBigYansh:


Buhari emptied the treasury on Dec 31st so entries for December appear as if it was Shagari that emptied the treasury..

I will source for daily entries of forex for 1983 and you will see for yourself that the treasury was looted on Dec 31st.

Buhari is a thief

Please give us the treasury account from 1981 to 1983 December, it would help for a good comparison

RevLikeBigYansh:


Buhari emptied the treasury on Dec 31st so entries for December appear as if it was Shagari that emptied the treasury..

I will source for daily entries of forex for 1983 and you will see for yourself that the treasury was looted on Dec 31st.

Buhari is a thief

Please give us the treasury account from 1981 to 1983 December, it would help for a good comparison

https://www.indexmundi.com/facts/nigeria/total-reserves


https://www.hindawi.com/journals/ecri/2016/1957017/

Both could be of help from

RevLikeBigYansh:


The entries are monthly values and not daily.

A significant withdrawal on 31st December will affect the entire figure for the month of December.

Buhari is a thief and I don't know why you are defending that thief.

Bring your facts and stop ranting

eyeview:


Son, I don't know how old you are but buhari as at then was worse than shagari in corruption.
I still remember the celebration across the nation in 1985 when buhari was toppled

buhari was personally not known as corrupt but he made some mistakes which the military capitalized on. A lot of people including some popular politicians were thrown into prison and convicted on flimsy charges. The economy was not getting better, many in lagos hated wai. But like now, he is more a nationalist and soldier than a technocrat or politician and will readily sign anything his trusted aides bring to him and yends to have less personal interest in things he signs.

Dee60:

Wow. This fellow wants to rewrite history.

Shagari was side-stepped in his administration and at a time had no answer to the unprecedented corruption of that era. In fact the foundation for corruption was laid by the NPN of that era. It was also the time that our nation started to lose its unity and started to lose its values in a collossal manner. No blame to Shagari, the gentleman. It was just that the party NPN was evil to its foundation. Their chairman was quoted as saying that 'Nigerians were yet to start eating from garbage bins.!

So, Ben Murray Bruce thinks that regime would have built Nigeria? It tells you the kind of person he is.

Forget it bro, kids of today wouldn't understand all you wrote, like GEJ like Shagari, same wastage before Buhari stepped in in both conditions.
Blame our national educational system for not fully incorporating history in school curriculum.

Dee60:

Wow. This fellow wants to rewrite history.

Shagari was side-stepped in his administration and at a time had no answer to the unprecedented corruption of that era. In fact the foundation for corruption was laid by the NPN of that era. It was also the time that our nation started to lose its unity and started to lose its values in a collossal manner. No blame to Shagari, the gentleman. It was just that the party NPN was evil to its foundation. Their chairman was quoted as saying that 'Nigerians were yet to start eating from garbage bins.!

So, Ben Murray Bruce thinks that regime would have built Nigeria? It tells you the kind of person he is.

you are one of the few who understood what was going on. That government was a failed experiment. The politicians who took over from the technocrats and super permanent secretaries were ill prepared to run a small business talk less of a ministry. In addition, they were to involved in politics and sharing money to win elections to care about technical details of development. For example one of the most popular ministers of that era was also one of the worst dikko.under him the newly built ports descended into chaos, license racketeering, stealing of radios and pilfering all rose during that period. Do not even know any long lasting achievement of dikko in transportation but racketeering and chaos was rampant. Even the newly built ports outside lagos were left to rot nor did he do anything in lagos. Bamanga probably was involved in that sham also. Also Shagari knew they were a problem in1983. He actually started the ethical revolution project before wai but npn and nigeria was already going down by then. Ppl think babangida's regime was when everything began to go down but it was during shagari. Briuce can talk because he got a break during the chaos of that era.

Frankyboy1:
He made igbos relevant by making an igbo man a vice, What an accheivement by Ben Bruce, How can a nation move forward with such form of tribalistic mentality

You guys are shamelessly pathetic. what word on that sentence dont you understand? As an APC supporter you are its cool for A whole Vp of the entire Nation to go to Ibadan and say that the Yoruba should vote for Buhari not cos of Performabce but to make sure the presidency goes to the South West, Same was echoed by several ministers,instead of condemning them you guys were all over the place masturbating on the thread. Now tyoical of the hypocritic bunch you are, Sen. Ben bruce can not do such abi? The Yorubas are the problem of The South. Other part have been at the center and never for obce deny you people ypur rights, but now that you find yourself at the center. Everyone in the south must be sold off justvso you can take the share of the South East. Lol. Like i keep telling you bunch, there is no way such will happen, wether Bjhari comes back or not. Tinubu and his gang shall be sent back to their practice their amala egional politics soon.

Twy:
you are one of the few who understood what was going on. That government was a failed experiment. The politicians who took over from the technocrats and super permanent secretaries were ill prepared to run a small business talk less of a ministry. In addition, they were to involved in politics and sharing money to win elections to care about technical details of development. For example one of the most popular ministers of that era was also one of the worst dikko.under him the newly built ports descended into chaos, license racketeering, stealing of radios and pilfering all rose during that period. Do not even know any long lasting achievement of dikko in transportation but racketeering and chaos was rampant. Even the newly built ports outside lagos were left to rot nor did he do anything in lagos. Bamanga probably was involved in that sham also. Also Shagari knew they were a problem in1983. He actually started the ethical revolution project before wai but npn and nigeria was already going down by then. Ppl think babangida's regime was when everything began to go down but it was during shagari. Briuce can talk because he got a break during the chaos of that era.

keep decieving yourselves, lol. Tinubu Zombie makes a post, Tinubu Zombie affirms it. We the rest of the Country know whats up. You guys can twist the narratives all you want but we the rest of the country know if Shagari was leftvto run down his term in office and drmocracy allowed to thrive, we would be a zillion years better than we are today. But ethnic bigotry wont allow you say Buhari was one of the reason this country is now in shambles. You go to other thread to justify his refus to sign the electoral bill that would further make is it even difficult for politicians to rig election, yet you are here again make post that siggests it was good for a democratic govt to be toppled. Buhari make a mess of Nigeria, just like he is doing now. Not to worry we have seen your whole circle out. we now knw from your outburst its ok to topple a democratic govt.
, Restructure is no longer good, when the tide turns, na thunder go fire una, when you bring such up again.

Ganduri:


keep decieving yourselves, lol. Tinubu Zombie makes a post, Tinubu Zombie affirms it. We the rest of the Country know whats up. You guys can twist the narratives all you want but we the rest of the country know if Shagari was leftvto run down his term in office and drmocracy allowed to thrive, we would be a zillion years better than we are today. But ethnic bigotry wont allow you say Buhari was one of the reason this country is now in shambles. You go to other thread to justify his refus to sign the electoral bill that would further make is it even difficult for politicians to rig election, yet you are here again make post that siggests it was good for a democratic govt to be toppled. Buhari make a mess of Nigeria, just like he is doing now. Not to worry we have seen your whole circle out. we now knw from your outburst its ok to topple a democratic govt.
, Restructure is no longer good, when the tide turns, na thunder go fire una, when you bring such up again.

What are you on? which thread are you talking about? the truth needs to fly in Nigeria, but I guess I am closer to it because someone is bitter. That democratic experiment was a failure, this current administration looks clueless. Because one is a failure does not mean another cannot be a failure, because one thinks one administration is a sham does not make one feel the other administration is good. Frankly few administrations in Nigeria have ever been great, mostly average, to poor to failure. 79 admin was a failed experiment, more evidently, it was a failed one, nobody ever wanted those ppl to come back, IBB initiated the new breed so they will not come back, few ppl protested in support of them. It was after another disastrous administration (Abacha) that that set's atrocities were being forgiven.

RevLikeBigYansh:


Go and buy stolen goods knowing fully well that the goods in question were stolen.

Even if we should exonerate Buhari from being actively involved in executing the coup we should hold him accountable for not honoring the oath of loyalty to Shagari his CnC.

Officers have been executed for less talk more of Buhari who benefited from the coup the most. The case of an officer who was executed alongside Gideon Okah for knowing that a coup was in the making but refused to inform his superiors is a classic example. This same officer was detained by Buhari after he reported the coup plot against Shagari. During IBB, he was aware of a coup plot but because he suffered arrest when he informed on Buhari's coup plot, he chose to remain silent. He was executed alongside the coupists not as an active conspirator but for failing to inform his superior officers.

Now if that Yoruba officer can be executed for not informing on a coup he knew was on the way but to which he had no part in, then what do you expect the fate of Buhari to be?

U wrote as if u are among d coup plotters,are u part of d plot?who told u all those lies,are u born then?

theoldpretender:
Buhari was wrong to overthrow the Shagari government.

Having said that, Shagari 's government was not good for our economy or country. Rampant corruption, poor economic policies, violent politics, and the Maitastine insurgency were all there.

In fact the economic issues Buhari faced in 1984 was due to Shagari 's mishandling of the economy. Failure to save for the rainy day until oil prices crashed in 1982, now that was a mistake.

But Buhari should not have plotted a coup. Better for him to resign from the army then, go into politics and win elected office. Same thing for Nzeogwu and company. Because of the decisions they made we lost our chances at developing a mature political system and in essence had to start from scratch in 1999.

So, yes, Buhari should not have overthrown Shagari govt. But Shagari's time in power was not Shangri-la either. The Second Republic political class ran our economy aground and fostered tribal and ethnic politics.Still...the beauty of democracy is that anyone can by hard work change things peacefully. Not by violent means

Thank your for injecting some sorely needed knowledge and common-sense into a discussion that had been dominated by ignorance, conspiracy-theorising and tribalism run riot. As you've shown, it is perfectly possible to condemn the Buhari/Idiagbon coup without pretending that Shagari was Nigeria's answer to Mandela, or that he presided over a 4 years of growth, stability and good governance. It staggers the mind to see people so full of hate for Buhari that they are driven to whitewash the horrible Shagari era in an attempt to make Buhari look even worse than the facts already show him to be.

As for the conspiracy-mongers trying to pretend the first Buhari era was in any way comparable in corruption to the Shagari years, let me just say this: some of us are actually old enough to have experienced those years at first-hand, and a sillier claim is hard to imagine. Buhari was (and still is) extremely rigid, simple-minded and lacking in understanding of even the basics of economics, but he did not cause Nigeria to fall into recession, a process which actually began when international oil prices collapsed in 1981.

Shagari's inept and kleptocratic government then went on a borrowing spree to try to avoid reining in its big spending/looting plans, and the receipts from such borrowing helped shore up the country's foreign reserves (just as Buhari's current borrowing spree is doing), but it was only natural that those reserves started to fall once Nigeria's access to the international lending markets began to be cut off, a process which drove the country into the hands of the IMF during Babangida's tenure.

In short, all assertions about "Yorubas" or "Buhari" as being to blame for ruining the paradise that Nigeria supposedly was under Shagari, are nothing but the inane paranoid rantings of people so lazy and motivated by tribal hatred that they spout nonsense easily disproven with a simple Google search. I've been able to find New York Times and Economist articles as early as 1982 covering the crisis building under Shagari's tenure: unless Buhari had access to a time-machine, saying he caused a recession which was already ongoing when he deposed Shagari is putting the cart before the horse.