Please fact-check me: After President Goodluck Jonathan partially removed fuel subsidy, Nigeria's GDP almost doubled and peaked at $514 billion. By 2014, Nigeria was the world's 22nd-largest economy. By 2015, we were the third-fastest-growing economy on Earth.
But when General Buhari reintroduced full subsidy, Nigeria went from the world's third-fastest-growing economy to suffering two recessions, and by the end of Buhari's tenure, our GDP, which was $514 billion in 2014, had shrunk to less than half that.
Some Nigerians tend to be very forgetful. They forget that when we had fuel subsidy, our people faced acute fuel shortages and slept at petrol stations because 25 million litres per day, out of Nigeria's supposed daily consumption of 66.9 million litres, were smuggled out to neighbouring countries.
If you subsidise fuel in Nigeria, the petrol will leave this country for our neighbours.
Under Buhari, Nigeria exhausted our foreign reserves on fuel subsidies, to the point where we could not fund the importation of essential commodities or their local manufacturing.
Nigerians forget that foreign airlines pulled out of Nigeria, and one of the largest grocery stores in the country, Shoprite, pulled out in 2021, along with other firms too numerous to mention.
Two of the world’s largest banks, HSBC and UBS, pulled out of Nigeria citing lack of policy stability over fuel subsidies and FX.
The Academic Staff Union of Universities went on national strikes for a total of 628 days under Buhari because the Federal Government couldn't pay lecturers a living wage. And why was that?
Because as of 2022, the Buhari administration was spending ₦18.397 billion per day on fuel subsidies for a total of almost $10 billion per annum. And while the government was spending ₦18 billion each day on fuel subsidy, it was only spending ₦2.7 billion per day on education.
After President Tinubu has added $67 billion to our GDP in just two years, and resolved all of these challenges in Nigeria, by ending fuel shortages, making Nigeria the largest exporter of petroleum products in West Africa, fixing the FX regime and stabilising the Naira thereby making the Nigerian Stock Exchange the most profitable on Earth, bar none, according to Bloomberg, ending ASUU strikes, and making Nigeria the top destination for Foreign Direct Investment in Africa, you want to bring back fuel subsidy?
Really?
This is not about political parties or individuals. This is a patriotic call to action. The only thing that can happen if Nigeria returns to fuel subsidies is the economic destruction of the Federal Republic of Nigeria.
Bemigho Reno Omokri
Madam, may God bless all your generations for creating this video. Please tag her for me; she truly deserves recognitio
n and lots of big hugs for expressing the thoughts of many intelligent Nigerians.
President @officialABAT, I believe you made a significant error regarding a certain individual named Alex. You should have detained him upon his arrival in Nigeria or when he was leaving . He was sent here as a spy by certain individuals, and now politicians like @atiku are financially supporting him for their own gain.
Can someone from another country come into the United States and start criticizing the president? That would be unthinkable; they'd be arrested by the FBI. Why didn’t our DSS stop him from leaving Nigeria without questioning him?
He should be held accountable for the deaths of innocent people in Jos, including that pastor @ezekieldachomo0. I’m glad our sister has called him out. Atiku, your money is being wasted again—you will never become president, just like @PeterObi.
God bless President @officialABAT and all of his supporters at home and abroad. We will continue to stand by you, sir. I stand with President Tinubu and uphold both his and my mandates.
One love.
"Yes, when I was Anambra State Governor, Doctors went on strike for 13 months but there was no mass death. After the doctor’s strike in Anambra state, we were still alive.”
I should leave Tinubu that make sure 4 year course is 4 years course and vote for someone that under him and his boss the ASUU went on strike for 18 good months.
I should leave Tinubu that introduce first of its kind students loan with 0% interest and vote for someone who did not build a single classroom when he was the governor or someone who has said repeatedly that the nelfund is a scam?
It has now been proven beyond reasonable doubt that whatever Peter Obi says is merely crammed, not based on research he personally conducted. He reads and memorizes information without necessarily understanding it. This is why, whenever he misses a line or forgets just one figure, he begins to stammer and say nonsense.
From this view, you would think the video was doctored or some kind of AI generated joke.
Obi probably spent a better part last night, cramming those numbers but the thing scattered in his head when he needed them. 🥹
120 million billion agriculture.
Q: If you lose the 2027 presidential election, will you accept the result?
NDC Presidential Candidate Peter Obi - I will win.
SDP's Adewole Adebayo | PRP's Donald Duke | AAC's Omoyele Sowore | APM's Seyi Makinde, represented by his Deputy Lawal - No, if it is not free and fair.
ADC Vice Presidential Candidate Rotimi Amaechi - There will be no need for that question. We will win.