I comot cap for una.

Tinubu is not in touch with reality.
Insecurity is on all time high.
Bandits are doing business every where even in Abuja, the seat of the president.

Inflation is on all time high.
He just got back from recharging his battery in France.
Protests are been held in some parts of the country.
And all he thinks of is going to another holiday in Ivory Coast.
What happens to sending Minster of sports, senate president,or his chief of staff.
God is not aware that there is a country called Nigeria.

We a thief is your president.
.

I love the fact that he became clueless on how to go about the calamities coming from all front.

Baba want to measure shoulder with Obasanjo. Few months in as president and he has lost the country.

Where is soyinka and adeboye

Buhari was so bad,I already concluded that he IS the worst president Nigeria will EVER produce.To the extent,I in all honesty believed that even a monkey sitting in Aso Rock,being called a president and just doing whatever monkeys do and say, would have led Nigeria better than Buhari did.He was that horrible in my opinion.
I never in my wildest dreams thought an animal,talkless of another living human being,would surpass Buhari in utterly ruining a country.
Tinubu has proved in just 8 months everything I thought about the sheer,unimagined capacity for a president to perform so poorly that he has surpassed who I thought would ever be the worse president, Buhari.
It's unbelievable,in just 8months!

Burob is coming to tell all you all how lazy you are and how you all are waiting for the hopeless and clueless certificate forger to feed all you all

In case you don't know who Burob is, i will tell you who he is:

Burob is a die hard tinubulator and he has recently taken over the job to be a spokesperson of Tinubulation, calling anyone against his drug addict mandate thief names like Almijiri, lazy, peasant and all what not.

He will soon arrive to prove his capabilities in defending a fraudulent maladministration of Tinubulation

victorclean:
Where is soyinka and adeboye

Just ask about the Bigots.

The old f**ls carried placards all over Ojota to save Nigeria when fuel was 65 naira a little and dollar 200 naira to a dollar.

Yet, the bigots are supporting this hardship in the land.

What else can they be, if not chronic bigots

DatNiggaDaz:
Burob is coming to tell all you all how lazy you are and how you all are waiting for the hopeless and clueless certificate forger to feed all you all

In case you don't know who Burob is, i will tell you who he is:

Burob is a die hard tinubulator and he has recently taken over the job to be a spokesperson of Tinubulation, calling anyone against his drug addict mandate thief names like Almijiri, lazy, peasant and all what not.

He will soon arrive to prove his capabilities in defending a fraudulent maladministration of Tinubulation

In that case, let me sit tight here and wait for the so-called Burob.

We need to know if he is a sane person.

Mbanda:
In that case, let me sit tight here and wait for the so-called Burob.

We need to know if he is a sane person.

malali:
[b]The Past Nigerian administration lack revenue generating ideas, they have been running the pocket money economy system. Instead of taking revenue generated from the oil boom since late 70's till date. They have just looted the money and used the rest to subsidize lifestyle of Nigerians (fuel subsidy). Now they can barely afford the subsidy and also pay salaries, pension and also politicians. So they are transferring the subsidy to the common man, this will free up cash for them to loot, and run the government. Eventually even without paying subsidy there still wont be enough cash to run the government (We are already in this stage, thats why they keep borrowing money up and down, which devalues our currency). See some countries that have also used the same oil to prosper their nation as a whole.
Norway: Norway has built a sovereign wealth fund, known as the Government Pension Fund Global, which invests proceeds from oil and gas production. The fund is one of the largest in the world and has investments in various sectors globally, providing a stable source of income for the country.

United Arab Emirates (UAE): The UAE, particularly Dubai and Abu Dhabi, has diversified its economy beyond oil by investing heavily in sectors such as tourism, real estate, finance, and technology. Dubai, in particular, has become a global hub for trade, finance, and tourism.

Qatar: Qatar has leveraged its natural gas reserves to become one of the world's leading exporters of liquefied natural gas (LNG). Additionally, Qatar has invested in various sectors, including finance, real estate, and sports, to diversify its economy.

Singapore: Although Singapore does not produce oil itself, it has established itself as a major trading and refining hub for oil and petroleum products in the Asia-Pacific region. Singapore has also diversified its economy into sectors such as finance, shipping, biotechnology, and tourism.

Malaysia: Malaysia has developed a diverse economy, with thriving manufacturing, services, and tourism sectors alongside its oil and gas industry. The country has also invested in infrastructure projects and technology to support economic growth.

Netherlands: The Netherlands, home to one of Europe's largest natural gas reserves, has invested oil and gas revenues into developing a highly advanced economy with strong industries in agriculture, manufacturing, trade, and services.

These countries serve as examples of how strategic planning, prudent investment, and diversification efforts can help mitigate the economic risks associated with dependence on oil revenues. By investing in other sectors and fostering innovation, these nations have been able to thrive beyond their oil wealth.[/b]

Stop this your nonsense copy and paste

insidelife22:
I comot cap for una.

Tinubu is not in touch with reality.
Insecurity is on all time high.
Bandits are doing business every where even in Abuja, the seat of the president.

Inflation is on all time high.
He just got back from recharging his battery in France.
Protests are been held in some parts of the country.
And all he thinks of is going to another holiday in Ivory Coast.
What happens to sending Minster of sports, senate president,or his chief of staff.
God is not aware that there is a country called Nigeria.

There is a sensible/constructive and senseless/destructive criticism.

This one is a senseless/destructive criticism.

Ivory coast is just a stone throw away from Nigeria by plane (2hrs).....the game is tomorrow night by 9pm.

He fly in by 4pm and leaves by 11pm he is back in Nigeria 1am.
Most president of nation who teams are in a football tournament final attends to show support......the match is just 2-3hrs max so what is all the cry for

Abi the president cant have a work free Sunday

Please let stop this blind criticism of everything jare.

survivor10:


Just ask about the Bigots.

The old f**ls carried placards all over Ojota to save Nigeria when fuel was 65 naira a little and dollar 200 naira to a dollar.

Yet, the bigots are supporting this hardship in the land.

What else can they be, if not chronic bigots

stop the hate . The only bigot here is you .. Majority of you guys are not constructively anough in your criticism than to abuse an elderly personified because dey refused to support that agulu thiefobi that can never rule dia country..

Shikini:
We a thief is your president.
.

Then his subjects must be Thieves also, the President is only a reflection of his people.

Jeans601:


There is a sensible/constructive and senseless/destructive criticism.

The one a senseless/destructive criticism.

Ivory coast is just a stone throw away from Nigeria by plane (2hrs).....the game is tomorrow night by 9pm.

He fly in by 4pm and leaves by 11pm he is back in Nigeria 1am.
Most president of nation who teams are in a football tournament final attends to show support......the match is just 2-3hrs max so what is all the cry for

Abi the president cant have a work free Sunday

Please let stop this blind criticism of everything jare.

All their pray is nigeria to fail because of hate... They are happy because of the hunger and high inflation because of that Agulu thief....

They did same thing to BUHARI....

survivor10:


Just ask about the Bigots.

The old f**ls carried placards all over Ojota to save Nigeria when fuel was 65 naira a little and dollar 200 naira to a dollar.

Yet, the bigots are supporting this hardship in the land.

What else can they be, if not chronic bigots

Hypocrisy in ignorance, can you swear that you did not support them in 2012?

You supported the move against Jonathan’s subsidy removal, like you are against the removal of subsidy today, but you want to blame others for your own actions abi?

You refused to sacrifice in 2102, like you have refused to sacrifice in 2024, you want to have your cake & eat it too?

Jeans601:


There is a sensible/constructive and senseless/destructive criticism.

The one a senseless/destructive criticism.

Ivory coast is just a stone throw away from Nigeria by plane (2hrs).....the game is tomorrow night by 9pm.

He fly in by 4pm and leaves by 11pm he is back in Nigeria 1am.
Most president of nation who teams are in a football tournament final attends to show support......the match is just 2-3hrs max so what is all the cry for

Abi the president cant have a work free Sunday

Please let stop this blind criticism of everything jare.

I just tire for the nonsense way that insidelife22 type.

survivor10:


Just ask about the Bigots.

The old f**ls carried placards all over Ojota to save Nigeria when fuel was 65 naira a little and dollar 200 naira to a dollar.

Yet, the bigots are supporting this hardship in the land.

What else can they be, if not chronic bigots

The worst of it all is the highly tribalistic and hypocritical pastor that ordained a cultist Remi pastor.

On the last day many of them will kiss hell. He also deserves the kiss of death from black mamba snake on earth.

The economic situation today is a byproduct of decades of misgovernance. That being said, Buhari made things worse in a way that meant whoever was his successor was going to oversee severe economic challenges.

I think where Tinubu, and his economic team, have gone wrong is that he was part of a school of thought that still believes that the a key policy response to Nigeria's economic doldrums is a variety of monetary and fiscal stimuluses.

Government spending has been escalating rapidly since 2015. But an increase in naira supply circulating in the economy, leads to an increase in dollar demand. The start of Buhari's government in 2015 led to a massive increase in fiscal spending. Whilst GEJ's last budget was circa N4.5 trillion, Buhari's 2016 budget was N6 trillion. By 2018, the FG budgeted a spend of N9 trillion, 2023 was N21 trillion, Tinubu's 2024 budget was for N28 trillion. My figures may not be exact but they reflect the general trend.

To accommodate all this spending, the CBN has had to run loose monetary policy keeping interest rates low to enable the government keep borrowing. Where the bond markets have proved insufficient, the CBN has stepped in to lend to support government spending (effectively printing naira). Recall that Tinubu has been a keen advocate of more government spending to support growth: https://punchng.com/coronavirus-print-more-naira-notes-tinubu-tells-fg/.

Some people have defended all this spending by saying the absolute level of government spending as a percentage of the economy is low compared to other countries. Whilst that is true, it is the "delta", the change in the rate of spending, that is the problem. If, for instance, you increase government spending almost 700% in about 8 years, at a time your main sources of revenue and forex inflow which is oil, is falling in value, you are injecting more naira into the economy to chase even scarcer dollars.

Contrast this with the policy response in 2015, credit to Iweala, when the 2015 budget was N4.5 trillion, as opposed to the N5 trillion 2014 budget. This was in recognition that the government's key revenue source, oil, was falling in value. That being said, GEJ, at least pre-Iweala coming in in August 2011, oversaw a massive increase in spending which enabled him win the 2011 elections. You see, in Nigeria, the key to political popularity is spending.

By the way, this is what makes Peter Obi's popularity ironic especially as he was running as a candidate of the Labour party. Most who support him would have hated his policies but assuming he maintained his tendency as Anambra governor to exercise fiscal restraint if he was president, it would have helped significantly ameliorate the havoc the expansion of naira supply is causing.

With a tightening of fiscal and monetary policy, Nigeria should seek a significant forex injection in the form of an IMF (or whoever else can provide large dollar-denominated lending) loan. This will provide the CBN ammunition to stabilise the exchange rate which is in a freefall. These solutions will also curtail inflation. By the way, it is absolutely paramount that if you are taking a large forex loan, that you restrain your naira spending otherwise you end up with a large forex debt that would, in future, simply add to dollar demand.