NewStats: 3,263,512 , 8,180,394 topics. Date: Friday, 06 June 2025 at 10:31 AM 4h1i3

q6w2h

Nigeria's Shock Therapy (Financial Times Editorial) - Politics (2) - Nairaland r3p16

Nigeria's Shock Therapy (Financial Times Editorial) (8380 Views)

(4)

Go Down)

helinues: 7:01am On May 30
grin cheesy

1 Like

Racoon(m): 7:02am On May 30
Nothing meaningful is being done let alone being improved upon.
wonder233: 7:03am On May 30
K
SmartyPants(m): 7:05am On May 30
Umueme:
Lol

Every other persons and entities are “seeing” Nigeria move forward. Nigerians in ground are saying otherwise. Till we see price of items in the market drop or price of petrol drop or even immediate stop in the white elephant projects they’re using to siphon money, I don’t think we’re moving forward. Even Buhari made headlines like this. But we know it wasn’t anything truthful. God please help Nigeria

#MyOpinion

Really, when?

3 Likes

naptu2: 7:08am On May 30
Thank you very much, I thoroughly enjoyed this entertainment.

Normal transmission resumes tomorrow.

1 Like 1 Share

Lanruze: 7:10am On May 30
The biggest problem of the PBAT led istration is propaganda, over-hype and falsehood peddling.

I was in Nigeria on the day of inauguration and have been in Nigeria for the last 24 months of PBAT istration.

What I can say is that nothing has changed positively. Nothing !

Only on the pages of Newspapers that we see the change, Let's be real !

This hypocrisy is so glaring and irritates to the high heavens. Why ?

I bought a Toyota Camry 2010 model ( Spider) in 2020 at N3m, now it cost over N11m is that change.

A two bedroom Apartment in Ikeja sold at N81m four years ago now sells for N210m is that change ?

The is an infiltration of publicists, propagandist and PR merchants selling hope and no tangible result especially in the last 24 months in Nigeria.

If you are a smart and upwardly mobile Nigerian between 21-40 years , please take your relocation plans very serious and save a generational embarrassment for yourself.
SeeAllen: 7:10am On May 30
Sunshine34:
Haters can go hang themselves, Tinubu still 2031,
Na you and your likes hunger go kill throw way before 2031
SeeAllen: 7:11am On May 30
simpleseyi:
Anybody wey wan cry, make e cry, Tinubu is matching forward
Na you and your miserable likes go cry till 2031
Ritchiee: 7:12am On May 30
A REMINDER THAT YOU WERE BORROWING $1.5 BILLION DOLLARS EVERY MONTH TO SUSTAIN NAIRA AND BORROWED TRILLIONS TO SUSTAIN FUEL SUBSIDY.

YOU WERE NOT ABLE TO PAY WORKERS,ASUU,NASU AND ALMOST ALL NIGERIAN WORKERS WERE ON STRIKE BECAUSE YOU COULDN'T PAY THE MEAGRE #18,000 AND #30,000 YOU PROMISED.

INSTITUTIONS WERE WARY OF BORROWING YOU MONEY BECAUSE YOU WON'T BE ABLE TO PAY.
YOU DEPENDED ON LIFELINE AND YOU WERE DYING RAPIDLY.



TODAY,YOUR WORKERS ARE RECEIVING #85,000,#75,000,#70,000.
GOVS ARE RECEIVING TRIPLED ALLOCATIONS, THEY ARE PAYING THEIR DEBTS,SOME UP TO 90%.THEY ARE EXECUTING PROJECTS RIGHT,LEFT AND CENTRE.
FG JUST PAID OFF ALL IMF DEBTS,PAID OFF $7 BILLION FX BACKLOG ETC.
UNLIKE BEFORE WHEN YOU WERE DYING,NOW FITCH RATINGS,WORLD BANK,IMF,AfDB ETC ARE TELLING THE WORLD THAT YOU ARE NOT DYING ANYMORE BUT GETTING BETTER AND STRONGER.
YOUR EXPORT HAS GONE UP,LITHIUM FACTORIES ARE BEING SET UP IN NIGERIA IN WHICH CASE YOU WILL BE PRODUCING ELECTRIC VEHICLES,YOUR MINERAL SECTOR HAS GONE UP,THE GOODIES ARE NUMEROUS.


ONLY A MUMU AND A SADIST WILL LIKE TO GO BACK TO THAT UNSUSTAINABLE AND DYING LIFE YOU WERE LIVING BEFORE.

7 Likes 4 Shares

Lanruze: 7:14am On May 30
First rule of writing a formal letter or post is that you don't write in capital letters you even went further and bolded it ?

No wonder you are a dullard like ......







Ritchiee:
A REMINDER THAT YOU WERE BORROWING $1.5 BILLION DOLLARS EVERY MONTH TO SUSTAIN NAIRA AND BORROWED TRILLIONS TO SUSTAIN FUEL SUBSIDY.

YOU WERE NOT ABLE TO PAY WORKERS,ASUU,NASU AND ALMOST ALL NIGERIAN WORKERS WERE ON STRIKE BECAUSE YOU COULDN'T PAY THE MEAGRE #18,000 AND #30,000 YOU PROMISED.

INSTITUTIONS WERE WARY OF BORROWING YOU MONEY BECAUSE YOU WON'T BE ABLE TO PAY.
YOU DEPENDED ON LIFELINE AND YOU WERE DYING RAPIDLY.



TODAY,YOUR WORKERS ARE RECEIVING #85,000,#75,000,#70,000.
GOVS ARE RECEIVING TRIPLED ALLOCATIONS, THEY ARE PAYING THEIR DEBTS,SOME UP TO 90%.THEY ARE EXECUTING PROJECTS RIGHT,LEFT AND CENTRE.
FG JUST PAID OFF ALL IMF DEBTS,PAID OFF $7 BILLION FX BACKLOG ETC.
UNLIKE BEFORE WHEN YOU WERE DYING,NOW FITCH RATINGS,WORLD BANK,IMF,AfDB ETC ARE TELLING THE WORLD THAT YOU ARE NOT DYING ANYMORE BUT GETTING BETTER AND STRONGER.
YOUR EXPORT HAS GONE UP,LITHIUM FACTORIES ARE BEING SET UP IN NIGERIA IN WHICH CASE YOU WILL BE PRODUCING ELECTRIC VEHICLES,YOUR MINERAL SECTOR HAS GONE UP,THE GOODIES ARE NUMEROUS.


ONLY A MUMU AND A SADIST WILL LIKE TO GO BACK TO THAT UNSUSTAINABLE AND DYING LIFE YOU WERE LIVING BEFORE.
Jiola(m): 7:20am On May 30
Wow
VeeVeeMyLuv(m): 7:24am On May 30
THIEF

God will judge you people


You people are a big shame to the black race angry
NaijaNaWaa: 7:27am On May 30
Financial Times has lost whatever is left of its meager credibility. Shame on them.
CrazyGranddad(m): 7:30am On May 30
Sponsored editorial.

Followed by comments for pay.
Brushstrokes20: 7:33am On May 30
Useless govt of self serving crooks and criminals 💯💯💯💯
Kaybaba5(m): 7:38am On May 30
This present regime only favors the elites while poor people are getting poorer everyday....
God help us
chidiokay: 7:40am On May 30
JASONjnr:


We will not be distracted or misled....

The president will do what he feels is right.

The reforms are taking shape and some are underway while others are being studied. While all of that is being. There's need to stay focus for a reelection since there are forces that are waking up to tarnish the president's efforts.

It's defining to be
4 + 4


Now you guyz are begining to sound like a broken record, lets even judge the reform you make so much noise about

Tinubu himself promised Nigerians 10% gdp growth rate every year but what do we have

This year, the World Bank expects growth of 3.7 per cent, in what would be Nigeria’s best performance since 2014 save for a post-Covid rebound

Acoording to Nbs the gdp growth rate in tinubu 1st year was 3.6% followed by 3% in 2024 .. when somebody promises 10% benchmark and gives a 3.7% is that a

scoring 3 over 10 back2 back is that not gallant F9 or advice to withdraw

We are not stupid to expect a reform driven by taxation to turn the economy around cos No nation tax itself to prosperity
MakindeHassan: 7:43am On May 30
naptu2:


https://www.ft.com/content/21c6d9a5-bd45-49af-8708-747417535e81


Photo: President Bola Tinubu has stabilised the economy and laid the groundwork for a broader recovery © Sarah Meyssonnier/AFP/Getty Images

It’s always funny when someone who doesn’t live in Nigeria writes these articles off false information with the impression Nigerians don’t pay tax.

Nigerians pay multiple taxes and informally. Instead of encouraging the government to increase the suffering by expanding tax collection, encourage them to formalize those illegal tax they collect through touts and singularize it so the data will reflect that we actually pay tax.

The government should also be prudent in spending to encourage people to pay tax. The natural wealth God gave use they have mismanaged it on frivolities and then you want to convince Nigerians who provide their own utility to pay more tax so you can waste on SUV’s and baddies?

1 Like 1 Share

chidiokay: 7:48am On May 30
simpleseyi:
Anybody wey wan cry, make e cry, Tinubu is matching forward

You are not immune to the hardship even if Tinubu is paying you 30k monthly to defend nonsense online

try feed your family standard meal this money and see what it cost, try visit your state of origin and see if you 30k salary can fuel your car down to the place

May band A bills happen to and lets see how you chest it rejoicingly and dancing
tonychristopher: 7:59am On May 30
madridguy:
Food is the biggest driver. State governments need to increase supply by providing farm inputs, security and better access to market.
sort Fulani Herdsmen issue out and farmer herder clashes then watch good insecurity improve

Then bandits and Islamists issues in North
ShenTeh(m): 8:25am On May 30
This is pure propaganda.

This is the reason I say to people that if you look online and on social media without speaking to everyday Nigerians, you'd think Nigeria is an eldorado of some sort.

Stabilised which currency?
Which economy?
Which CBN?
Which Infrastructure?

This is pure propaganda and if we Nigerians don't write a rebuttal, this is what other parts of the world and posterity would record.

It is also a dangerous trend to state that PBAT is the one laying the groundworks for a great economy, because whenever he leaves office, he would, like he did in Lagos, claim the glory for whatever excellence that any subsequent government brings.
patrickcollins: 8:59am On May 30
JASONjnr:


We will not be distracted or misled....

The president will do what he feels is right.

The reforms are taking shape and some are underway while others are being studied. While all of that is being done. There's need to stay focus for a reelection since there are forces that are waking up to tarnish the president's efforts.

It's defining to be
4 + 4
The reform has taken shape of nationwide hunger and suffering.
nwirinedu(m): 9:21am On May 30
Plundering , looting and killing of local production is call shock therapy. What a bloody psychopath.
OderaOdesigo: 9:25am On May 30
naptu2:


https://www.ft.com/content/21c6d9a5-bd45-49af-8708-747417535e81


Photo: President Bola Tinubu has stabilised the economy and laid the groundwork for a broader recovery © Sarah Meyssonnier/AFP/Getty Images


This is bad news for GBAJUE PETER OBI & his CHILDREN OF HA*TE, as well ALHAJI FAYAWO ATIKU…😂😂😂

3 Likes 1 Share

ChybuzzDD(m): 10:05am On May 30
JASONjnr:


We will not be distracted or misled....

The president will do what he feels is right.

The reforms are taking shape and some are underway while others are being studied. While all of that is being done. There's need to stay focus for a reelection since there are forces that are waking up to tarnish the president's efforts.

It's defining to be
4 + 4

Who's this bi ngo
Sheuns(m): 10:16am On May 30
grin

“That so much has been achieved by a government stuffed with cronies — and, to be fair, one or two competent technocrats — shows how much could be achieved if Nigeria really got its act together. There are plenty of ways for Tinubu to build on a promising start”

An excerpt from the post.
Gerrard59(m): 12:54pm On May 30
3.7% - Highest GDP growth rate since 2014. Man! Buhari and his cohorts finished this country!
professore(m): 5:31pm On May 30
Ok
Fujiyama: 10:41pm On May 30
naptu2:
https://www.ft.com/content/21c6d9a5-bd45-49af-8708-747417535e81

The central bank has stopped printing money to pay for government profligacy. Politicians still spend too much, often on fripperies like an extravagant presidential jet, but at least the government has begun to increase tax receipts.

^^^
undecided

Nigerians should note the casual, almost dismissive reference by the FT writers to the Tinubu istration's egregious profligacy. This kind of wastefulness would never be allowed among UK politicians but it is somehow tolerable in fifth world Nigeria - the country that can least afford it.

The Tinubu istration can remove fuel subsidies on day 1 but the subsidies on presidential jets, yachts and presidential Cadillacs are still in place, on day 730. The hypocrisy is stunning and it has already doomed this istration to failure. What's the point in increasing taxes if they will be wasted on nonsense like presidential limousines, jets and yachts?

naptu2:
https://www.ft.com/content/21c6d9a5-bd45-49af-8708-747417535e81

That so much has been achieved by a government stuffed with cronies — and, to be fair, one or two competent technocrats — shows how much could be achieved if Nigeria really got its act together.


^^^
So the FT writers agree with most Nigerians that the istration's cabinet is worthless. At least they were honest about this.

naptu2:
https://www.ft.com/content/21c6d9a5-bd45-49af-8708-747417535e81

Third, and perhaps most crucial, the government must confront banditry and terrorism with the same single-mindedness as it did distorted monetary policy. The army needs cleaning up as urgently as did the central bank.

^^^
undecided

Dead on arrival.

BAT made it abundantly clear during his last 'presidential' media chat that he would not audit the military. Speaks volumes, doesn't it?

If the FT writers were doing an honest job they would have gone over that presidential media chat with a fine tooth comb. It provided some insights into the man (for those who didn't know) - that interview was exceptionally revealing. But the FT guys didn't refer to that interview because they have an agenda.

Nigerians - know thine enemies, both within and without.
naptu2: 1:17am On May 31
Paid, pick and choose.

Reply)

Peter Obi Pays Condolence Visits To Families Of Late Chukwu, Isiadinso

(Go Up)

Sections: How To . 46
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland.