What Buhari told IMF Chief, Lagarde — Presidency

PIC. 5. PRESIDENT BUHARI RECEIVES IMF'S MANAGING DIRECTOR IN ABUJA

President Muhammadu Buhari said Tuesday in Abuja that his administration will look inwards, enforce regulations to stop financial leakages and adopt global best practices in generating more revenue to mitigate the effect of dwindling oil prices on the Nigerian economy.

Receiving the Managing Director of the International Monetary Fund (IMF), Ms Christine Lagarde at the Presidential Villa, President Buhari said that his administration will also enforce greater discipline, probity and accountability in all  revenue generating agencies of the Federal Government, the presidency said in a statement.

“We have just come out of budget discussions after many weeks of taking into consideration the many needs of the country, and the down turn of the economy with falling oil prices and the negative economic forecasts,” presidential spokesperson, Femi Adesina, quoted Mr. Buhari as telling Ms. Lagarde.

“We are working very hard and with the budget as our way forward, we will do our best to ensure that our country survives the current economic downturn.

“We have also told all  heads of Ministries, Departments and Agencies of government that on our watch, they will fully account for all funds that get into their coffers.”

The President said the Federal Government was reviewing its operational costs and had directed all the Ministries, Departments and Agencies to cut down on their overhead costs.

President Buhari said the Federal Government will welcome  the technical support and expertise of the IMF for its plans to diversify the Nigerian economy and further unleash its growth potentials.

In her remarks, Ms Lagarde said that the IMF will be willing to assist the Federal Government in plugging revenue leakages, tracing stolen funds and restructuring its tax system.

She said Nigeria had all the potentials to overcome the current economic challenge of falling commodity prices without resorting to the IMF for financial support.

Ms. Lagarde had earlier given insight into what she discussed with Mr. Buhari, saying contrary to widespread perception, she was not in Nigeria to negotiate a loan for the country.
“I am not here to negotiate loan with conditionalities because Nigeria does not need a new IMF programme,” the IMF chief said.

Ms. Lagarde, who addressed a press conference at the State House, Abuja, said she had a fruitful discussion with Mr. Buhari on the state of the Nigerian economy in the light of dwindling oil prices.

She said she also discussed how Nigeria could face the challenges associated with global economic downturn.

She said her meeting with the president also dwelled on Mr. Buhari’s fight against corruption and his commitment to transparency and accountability in governance.

Ms. Lagarde said the IMF considers Nigeria a key player in global financial structure, adding that ongoing reforms in the country would definitely have a great impact on Nigeria’s neighbours.

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  • Kadiri

    Buhari withdraws 2016 Budget because of gross errors, inadequacies, inaccuracies and Extravagancy.
    Okay nah, Finally, some people will soon realize that cluelessness has been running in Buhari’s brain since birth.
    APC, APC e-rats and Lair Muhammadu my foot. Uwa ntoo……..
    GEJ-2015 budget- wildlife conservation N24m
    PMB-2016 budget- wildlife conservation N326m… hahahaha, this is magic. Somebody dialed 419 and APC showed up as the code. Issorite. Kontinu

    • Burning Spear

      Look my friend-Buhari did not have the guts the native sense ati the education to understand what the budget was all about—So-he Just signed it–and went to the house to present it—Having been made to discover his mistakes—via criticism of the budget–he panicked–He Buhari is not educatedf enough to ask questions and defend the said budget—-That is why the Yoruba thieves and Fulani rogues—wanted Buhari in power–Their imposing him on us has nothing to do with the fight against corruption—–If not he would not have had thieves like Amaechi-dambazua–Yakubu–Fashola————-Co Ali–all well known thieves–Look at dambazua he now yearns to change the uniform of the Prisons

      • Uzoma John

        Crumb eater from proceeds of corruption. It’s dry out fast. Keep mourning.

      • Buhari4Ever

        Sorry ohh! Miserable Ijaw man. There’s nothing a 12million of your type can do to Buhari

    • Uzoma John

      Wailing wailer. Keep mourning

    • You know an igbo would never be the president of this nation, so do all you can to get your biafra, you would need it more than you know

    • Burbank

      Try again, in 2023.

  • SANNI MOHAMED

    Facts & figures: Buhari’s embarrassing 2016 budget
    ‪#‎TyrantBuhari‬
    The big question many have asked about the 2016 budget of N6.08 trillion proposed by President Muhammadu Buhari has been what would happen to the Naira, unemployment rate, inflation rate, debt profiles, investors confidence, amongst other variables. Hence this in not a budget that needs any rush in its passage by the National Assembly.

    Figures from the budget assumptions are; benchmark of $38 per barrel and a production estimate of 2.2 million barrels per day, N198 – $1 benchmark. Buhari has proposed borrowing N984 billion domestically and N900 billion externally (Foreign borrowing) and a debt servicing of N1.6 trillion.

    Fact from global oil benchmark projections states that oil prices would float around + and -$35p/b, in the next 12 months, hence the need to us to re-price our benchmark. On Nigeria’s debt profile, the most important fact to know is what percentage of our revenue is being used.

    Figures show that the government plans to use 35% of our revenue to finance debt in 2016, hence going above the threshold of 25% recommended by the Debt Management Office, DMO.

    Already we have a N2 trillion deficit for 2015 budget, and we are financing another N2.2 trillion deficit for 2016. This decision would take our debt profile from $60 billion to $80 billion.

    A fallout from this is that Nigeria has already hit its Debt ceiling (reached the limit of our debt), now using 35% of revenue from oil and taxes to repay our debt. However Buhari while delivering his speech didn’t make mention of this but rather stated that we are still within limit in debt to GDP ratio.

    “The deficit, which is equivalent to 2.16% of Nigeria’s GDP, will take our overall debt profile to 14% of our GDP. This remains well within acceptable fiscal limits” Buhari stated as a smokes screen to divert our minds.

    No doubt the 2016 budget has embarrassed the private sector as no plan has been initiated on driving a Public Private Partnership, PPP, especially in the area of infrastructural development (Roads, Schools, hospitals, rebuilding the north east amongst others). With the manufacturing sector now into recession after 2 consecutive quarters of negative sectorial growth, the anticipation of getting out of the slow growth might not be achieved.

    Recall that the economy have lost 2% real growth rate already in 2015, yet no aggressive move in the 2016 budget at increasing funding to the Bank of industry, BOI, and Bank of Agriculture, BOA, which are the primary support bank for financing the manufacturing industry. The fact is that unemployment rate would increase in 2016, despite the budget.

    On the issue of revenue diversification, that budget should have been targeted at initiating plans with the help of the Bureau of Public Enterprises, BPE, and the Bureau of Public Procurement, BPP, to put out concession and privatizations plans especially in the area of housing and infrastructure, bear in mind we have a 17 million deficit.

    With the naira currently trading above N250 – $1, in the parallel market, however the 2016 budget have been pinned on N198 – $1, the critical question which the budget did not answer is if the CBN would adjust and implement currency devaluation.

    By Sanni Muhammed, Post Nigeria —
    December 24, 2015 11:45

    • Burbank

      And Lagarde supported Buhari and she said that “I am not here to negotiate loan with conditionalities because Nigeria does not need a new IMF programme.”

    • Buhari4Ever

      Deri Orbuka, you are now Sanni Mohammed. Madness at it’s peak. A dog returning to it’s vomit. It’s too bad that I am the only one giving you attention.

  • Artful ºDodger

    Good. Now get on your plane and go back home. No to devaluation here!

  • bib

    Ms. Lagarde had earlier given insight into what she discussed with Mr. Buhari, saying contrary to widespread perception, she was not in Nigeria to negotiate a loan for the country.“I am not here to negotiate loan with conditionalities because Nigeria does not need a new IMF programme,” the IMF chief said.

    Give a job to who is fit and everybody will agree it’s going to be done. Up PMB!

  • quinox

    “Does it surprise anybody that the very outspoken General Obasanjo up
    till now has not made a single comment about Sambo Dasuki’s allegation
    that General Obasanjo was among the former leaders that benefited lavishly from
    the arms purchase largess? In fact, OBJ has gone mute ever since Dasuki
    threatened to name those he gave money including ex- presidents. Yeye
    country!”

    ………..Ifeanyi Izeze

    (Sahara Reporters, 5th January 2016)

  • Ifeanyi Nwoko

    Buhari is doing a VERY commendable job with the economy and has hit the ground running. Very soon, we shall see the dividends of his vast travels and policies. But come, if he is doing so well, why then did Lagarde come to Nigeria? Hahahahaha. Lagarde the lesson teacher. Buhari will go school by force na. Economics 101.

    • Burbank

      “why then did Lagarde come to Nigeria?”

      And Lagarde was also in China to meet Xi Jin Peng on Nov 10, 2011.

      • Ifeanyi Nwoko

        Now I know that you haven’t the slightest clue on this matter. China that manipulates it’s own currency, and who is one of America’s biggest debtor, and whose currency is about to be listed among the top 5. That’s who you are comparing to Nigeria? ?

        • Burbank

          And where was China 20 years ago?

          • yukkmouff

            China was one of the fastest growing economies thirty years ago and among the 11 largest economies in 1995. They’ve actually been doing quite well for close to four decades now.

          • Burbank

            “They’ve actually been doing quite well for close to four decades now.”

            You just admitted that China is NOT doing well four decades ago.
            And how long was Nigeria under Buhari as of today?

          • yukkmouff

            Sorry Burbank, did you read my post at all before you responded?! If at all you did, surely you wouldn’t be asking me the question above. Please tell me where I admitted China wasn’t doing well four decades ago/now? What i said was quite the contrary. I hope you’re simply trying to pull a fast one on me, because if that isn’t the case then you’ve only succeeded making a compete arse of yourself.

          • Burbank

            “Please tell me where I admitted China wasn’t doing well four decades ago?”

            So China was doing well four decades ago or not?

          • yukkmouff

            Okay, I’m going to end this exchange with you, it’s becoming very elementary and there’s simply no point going round in circles. Have a good one!

        • Yes Rome was not build in a day, they’re also american second largest (China123,676) trading partner if they can do it, we should at least try

          • Ifeanyi Nwoko

            Rome was not built in a day, yes. But before they started building, I’m sure they had a blueprint and didn’t wing it. As for China that is one of the oldest countries today, look at what they did, economically, in the last 25 years to bring them to this point. Why should a 1st year medical student attempt to compete with a tenured neurosurgeon? Its sounds impressive but failure awaits. A more prudent move would be to follow the necessary steps and not try to cut corners. It’s like Nigeria trying to compete with NASA space program without needed investment in early education, and continued in applied sciences. It’s like we are trying to grow an iroko tree overnight.

  • ifkfik2000

    @ifeanyi_nwoko:disqus

    NOT EVERY MINDLESS ACT INVOLVING BUDGET OR SPENDING IS COVERED BY ECONOMICS.
    J.P MORGAN IN AMERICA THREW OUT NIGERIA’S BONDS IN AUGUST AS OUTSIDE ECONOMICS
    ECONOMICS IS A SOCIAL SCIENCE BASED ENTIRELY ON MEASURABLE INPUTS AND OUTPUTS.
    NOTHING BUHARI IS DOING IS ANALYZABLE AS SUCH – AND THUS LIES OUTSIDE ECONOMICS.

    • Ifeanyi Nwoko

      “JPMorgan Chase & Co. has excluded Nigeria from its local-currency emerging-market bond indexes tracked by more than $200 billion of funds, after restrictions on foreign-exchange transactions prompted investor concerns about a shortage of liquidity”

      I will not blame Buhari for this entirely as JPM put Nigeria on a watch list in January ’15. There was excitement when Buhari then won elections. But then he came with his policies, and investors ran like it was a wild fire. Meanwhile, Nigerians that know NOTHING about the markets were hailing him. See the results na

      • REDEEM

        See why IMF Experts To Review And Correct Nigeria’s 2016 Budget–? Out of 170m humans is this the type of president we can have??????’.

        **Our economists arrives Nigeria next week to review and audit the Budget and assess if the debt is sustainable.
        Our team will assess whether the borrowing costs are sensible and what strategy must be put in place for Nigeria. – IMF.

        International Monetary Fund chief, Christine Lagarde said on Tuesday that she is in Nigeria to see how to help re-structure the economy and back reforms that reduce inequality. She called for scrutiny of the subsidy regime, calling for restructuring and eventual phasing out of subsidies.

        According to Lagarde, Nigeria as Africa’s biggest economy needed to diversify its revenue to swim out of its economic crisis fueled by the fall in oil prices.

      • Uzoma John

        End result of Jonathan’s squander-mania.

      • Investors or leshes

        • Ifeanyi Nwoko

          Pardon my limited vocabulary, but I have no idea what “leshes” are.

          • Ahmad

            Lol. My brother wanted to say leaches.

          • Ifeanyi Nwoko

            Leeches, I know, but I wanted him to think about it small 🙂

          • you want he or she to think about it a bit not “think about it small” ha

          • Ifeanyi Nwoko

            🙂

            I see the thing dey pain you so. Oya sorry now

          • No it all good my brother, my pain but love here
            God Bless the Federal Republic of Nigeria
            God Bless Nigerians

          • no your brother wanted to say leeches not leaches

          • You’re well educated, your education is not being question by me

            Blooding sucking leeches

          • Ifeanyi Nwoko

            Was just messing with you bro. But in all seriousness, how is it that anyone that opposes the current administration is relegated to thiefdom? That they were looters on GEJs payroll.

            Do you realize that the election was close, which means that almost 50% of the nation supported GEJ. Continuing with your logic, that would mean that GEJ redistributed to nations wealth to 50% of Nigerians. Ah, since that’s the case, the guy needs to come back.

            Buhari is simply being held to his fraudulent campaign promises. He can shut the opposition up by fulfilling them. If ordinary declare assets and install ministers (both still incompleted) was such a hassle, this is going to be a looooong and entertaining 4 years.

          • Buhari is not perfect, my support is not for PMB the person but for the people of Nigeria especially the next generation. We all supported GEJ but he let us down he looked the other way while the people he empower looted the nation

            What ever GMB did while in the military, we can excuse ourselves by saying at least we did not choice him he was imposed on us

            You made a very crucial point, listing to all the insult on-line one would think no hausa or yoruba crooks voted for Jonathan, of course they did

            I’m a nigerian first and foremost, i have no hausa or yoruba passport

          • Ifeanyi Nwoko

            Brethren. I personally didn’t support GEJ. I needed to be told more than “a breathe of fresh air”. He could have done better, but I do support some things he accomplished. I just know Nigerias potential, it could really be one of the greatest countries on EARTH. But the problem is that we continue supporting our leaders even when they do wrong. That is not the type of support they need. Their feet need to be held to the fire.

            Inasmuch as Buharis supporters have a fields day insulting his opposition, you must admit than most of what Buhari has done, to date, has been to silence nay sayers. Now, imagine if we were all “yes people”, no matter what he did, we would be stagnant.

            We, as a country, need to stop being so black and white, so extreme. Opposition does not mean enemy

          • Unfortunately i’m yet to see anything GEJ did that i could call any accomplishment, it’s like saying a graduate student knows their multiplication the answer would be so what

            As for PMB there are some of us on-line who would outright curse him, (not insult) curse his family and wishes for his demise, why? he has already accomplish what most human being on earth would never accomplish, if he fails Nigerians fails, millions of nigerians would go hungry, die or just disappear

            For now not forever i said give PMB, give Nigeria a fighting chance, i do respect and welcome the voice of decent it’s part of the privilege of a greater society

          • Ifeanyi Nwoko

            GEJ had a TON of missed opportunities, but for me to say that he accomplished nothing, would not be a fair statement. But we can agree to disagree there.

            Those that insult Buhari need to be condemned. But I must remind you that these insults didn’t begin today. Name one leader that we could have insulted and gone free? None but GEJ, he allowed for freedom of expression. Allowed an opposition to even form.

            If you truly welcome a voice of dissent, I will like to hear your take on the detaining of Metuh.

          • The freedom of speech is our undeniable right OBJ and GEJ did not subvert it, yes but it’s not there’s to give they

            It obvious both of us are internationally educated, and our children are currently in the finest institution on earth, if we do not have children when we do they would enjoy the best this world has to offer, well good for us

            What about the million of Nigeria that suffers and die daily, one of the reason the biafra movement can’t be dismiss is the fact that every politician from the SE ave enjoy the fact that must of the indigent lives out side their enclave, so they have no need for good schools, roads, hospital … (amenities), when was the last time you visited the NN or NE what a shame. So the question where do we draw the line, those the right of the elite suppressed the right of the common man

            Is killing a man over a bowl of shikafa more justifiable than jailing white collar criminals?
            What harm has systemic corruption done to this country?
            How long do we have to celebrate this master of deceptions?
            What kind of country are we going to live to our children?
            Is boko-haram the offspring of years of northern systemic corruption?
            Should the masses rise and take out all the vagabond? (bastille day)
            I summit that we should give PMB a chance, yes he’s not in the best of company
            As for Metuh the court should grant his bail, any where is runs to he would be expedited, but PMB is not the court

            Should PMB intervene in all court cases? what about the poor man’s case?

      • Burbank

        “JPMorgan Chase & Co. has excluded Nigeria from its local-currency emerging-market bond indexes”

        JP Morgan Chase excluded Russia, China, India, Malaysia and Nigeria from those indicies.

        • Ifeanyi Nwoko

          Oga Burbank, why do we continue to deceive ourselves as Nigerians? Can you put the one trick economy of Nigeria in comparison with those other countries listed? And you fail to mention the reason for the delisting of those countries.

          “India and China are also excluded from the index gauge due to what JP Morgan termed capital controls that limit access to a majority of foreign investors in those countries”

          Does that sound remotely close to the same reason why Nigeria got removed? Half probes, half stories, everything is half-assed with you people.

          • Burbank

            So there are countries that were excluded from JP Morgan list and the sky did NOT fall

          • Ifeanyi Nwoko

            Ah, my oga, remember say na you talk am o. The standard for this administration is “as long as the sky doesn’t fall”. What more can I say

        • udemeobong

          Hey there mr. man: Do you know who owns JP Morgan, where it comes from and what they do? Until you find the answer, you are ignorant of things around you. Colonisation, slavery, corruption, foreign oppressions, soft power, and what you can add to it have many faces. Be wise.! On what capacit is Lagarde in Nigeria and for what purpose. It might be clear to you that no Nation survives the tricks of IMF. When they notice that you are making policies that will not benefit them, that I mean their co-oppressors like JP Morgan and others, they quickly sent emissary to thwart that. That is what is happening in Nigeria, like Adeboye prophesized earlier in the year: Challenges, difficulties. Instead of supporting your government, you still run back the your old master, who never does you anything good right from inception. If Africa survives, Europe and America will suffer. That is the mathematics. Get it ok!!!

          • Burbank

            “When they notice that you are making policies that will not benefit
            them, that I mean their co-oppressors like JP Morgan and others, they
            quickly sent emissary to thwart that.”

            So Russia China Malaysia India are now colonies of Obama – Brilliant!!!

  • agbobu

    WHAT ELSE CAN I SAY, THE ALMIHTY DOD HAS GIVEN NIGERIA A REDEEMER IN THE PERSON OF PRESIDENT BUHARI. THE ALMIGHTY GOD WILL CONTINUE TO GUIDE, PROTECT AND BLESS PRESIDENT BUHARI.

    • what a shame!

      IMF Experts To Review And Correct Nigeria’s 2016 Budget.

      **Our economists arrives Nigeria next week to review and audit the Budget and assess if the debt is sustainable.
      Our team will assess whether the borrowing costs are sensible and what strategy must be put in place for Nigeria. – IMF.

      International Monetary Fund chief, Christine Lagarde said on Tuesday that she is in Nigeria to see how to help structure the economy and back reforms that reduce inequality. She called for scrutiny of the subsidy regime, calling for restructuring and eventual phasing out of subsidies.

      According to Lagarde, Nigeria as Africa’s biggest economy needed to diversify its revenue to swim out of its economic crisis fueled by the fall in oil prices.

      • Uzoma John

        Wailing wailer. Keep mourning.

      • Burbank

        “I am not here to negotiate loan with conditionalities because Nigeria does not need a new IMF programme”
        That’s the support from IMF to the strong economic policies of Buhari, from the IMF boss herself.

      • agbobu

        AND WHAT ELSE CAN I SAY, THE ALMIHTY GOD HAS GIVEN NIGERIA A REDEEMER IN THE PERSON OF PRESIDENT BUHARI. THE ALMIGHTY GOD WILL CONTINUE TO GUIDE, PROTECT AND BLESS PRESIDENT BUHARI.

        • Burbank

          Amen

      • agbobu

        WE THE PEOPLE THE MASSES SAY. IF THEY CAN NOT DO THE TIME, THEN THEY MUST NOT DO THE CRIME

  • REDEEM

    The All Progressives Congress (APC) issued a statement through its then interim national chairman, Bisi Akande, calling President Goodluck Jonathan “a kindergarten president”.

    2014 : The APC issued a statement through its national publicity secretary at the time , Lai Mohammed, calling President Jonathan “clueless and incompetence”.

    2015 : The APC issued a statement through its then deputy national secretary, Nasir El Rufai, calling President Jonathan “lazy, docile, incompetent, clueless,hopeless and useless”.

    2016 : The APC, yes, same abusive APC, issues a statement through its current national chairman calling on PDP and Nigerians not to insult or abuse President Muhammadu Buhari.

    APC cannot suddenly pretend to hate insults.

    ‪#‎FireOnBuhari‬ free Mentuh now Buhari…..

    • Ahmad

      Pls go to bed. U must be dreaming nonsense. What has your post got to do with the news item under discussion?

  • blow fissh

    Economic Hit Man saw and felt the resistance from President Muhammadu Buhari “that his administration will look inwards, enforce regulations to stop financial leakages and adopt global best practices in generating more revenue to mitigate the effect of dwindling oil prices on the Nigerian economy.”

    Hence the following: “I am not here to negotiate loan with conditionalities because Nigeria does not need a new IMF programme,” the IMF chief said.

  • JasV

    You mean you flew all the way to come and tell us what we already know? When the crookish world bank/harvard rogues were stealing, you did not make a phone call not to talk of travelling here to warn us. Abeg commot yourself onetime out of Nigeria airspace before I release badluck, dopemu, oodua of aviation rogues, sokoto prince of thieves to steal everything you brought here including your bra etc. You go back home the way your mama and baba born you by the time those dogs finish with you. Yeye thing.

    • naijaProgress

      lol. Hahahaha.. No kill person abeg.

    • Mohammed

      lol

  • “Lagarde” devil’s advocate, not much better than a drug pusher
    IMF the enemies of progress, modern slave masters

  • Burbank

    “I am not here to negotiate loan with conditionalities because Nigeria does not need a new IMF programme”

    A great testament to the strong economic policies of Buhari, from the IMF itself, no less.

    • Damilola

      Loooooooooooooooooolz this man go kill me ooo hahaha. Where u from plz?

      • Burbank

        IMF

  • Viva Nigeria

    @Timurlame:disqus

    If Nigeria on the right road
    why has Nigeria worsened on almost all indices since Muhammadu Buhari
    resumed office on May 29th, 2015? The answer to that very simple question
    will explain why the I.M.F views Nigeria with some concern as a rogue country
    that may be losing its way. Nigerians are of course self-delusive people who
    will readily call black; white – even if they are the ones who will then suffer from
    the lies-telling. But the rest of the world is not insane, or like Nigerians, given to
    congenital lies-telling. The I.M.F foresees a catastrophe if President Buhari is not
    told to change his ways quickly and stop unfocused expenditure at a time of great
    economic fall that Nigeria is witnessing today.

    • Burbank

      And Lagarde was in China, Russia and dozens of other countries giving the similar advice.

      You can wail until 2023.

      • ’70

        Don’t mind him… Some of these guys should be writing sensational movies or in Nollywood acting

        • Damian

          Ahahahah! Stop looking for the living amongst the dead. Nigerians are custom-made for slavery. That’s why Nigeria – for a country its size – was the easiest of territories BRITAIN conquered and colonized. Nigerians are majorly dishonest thieves who don’t feel violated when robbed by other thieves resident in the den they built and called ‘government in their country. What a people!

          Nigerians don’t think much through overlapping issues. They can’t separate BUHARI’S FUMBLINGS from JONATHAN’S THEFTS to know that their sorry conditions today owe more to the former. I read on another news site that there’s been no electricity since yesterday in mainland Lagos. But there are no murmurings too. The Nigerian people don’t care for their own lives; they are inured to sufferings.

      • Okafor

        This is the latest word in Nigeria– WAILING–.Once you say something you’re not comfortable with the govt you are wailing. You see we are gradually creating a one-party state or a police state. In democracy there must be very strong opposition to keep the govt in check. So it’s here in the UK and USA and Europe, but in Africa. Nobody is wailing! No more Sai Buhari, Sai Baba.

        • Burbank

          Better a police state that’s punishes criminals than a western-style democracy where criminals ruled with impunity.

          • yukkmouff

            That’s where you got it wrong Burbank, the real criminals are never punished; and before you point to the Dasuki, what he has been accused of embezzling is meagre in comparison to at least two prominent members of the current Federal Executive Council. You must be careful what you wish for.

          • Burbank

            If you have any evidence against any member of the FEC, please make a police report or file a case in the court.
            Hearsays are not court evidence.
            And if the evidences are there, I will be VERY HAPPY to see any convicted FEC member hang on the lamp post today.

        • Ifeanyi Nwoko

          From Sai Buhari to Sigh…Buhari

          • Jujubeans

            Only in your dreams bro!

        • Jujubeans

          One party state? Whose fault is it that due to their 16 years of criminality, PDP is now a dirty word?

          • Ifeanyi Nwoko

            You DO realize that APC consists, majorly, of former PDP folk, right? Why does the Nigerian citizenry allow politician to mock them?

            Someone steals under PDP for 16 years, defects to APC, and starts shouting ’16 years of rot’, and you follow with chorus. I honestly cannot blame our leaders when they treat the masses like fo0ls. Collectively, that’s what we are.

          • Okay why not just rename PDP and move it’s people under a different umbrella, oh it done it called the newly minted APC

            Long live Nigeria!

          • Jujubeans

            I take it you’re a PDP supporter? If you and your kind don’t realise that brands in the form of organisations/institutions can die a quick and damning death, unless urgent remedial action is taken by their owners then I only bid you and the PDP good luck!

          • No not at all i support PMB however he is not in the best of company, most PDP are nothing but recycled APC bosses, let hope under this new jefe they would be held accountable

            GEJ was a weak leader who surround himself with crooks, looters and thugs, i once supported him too

      • i.s.k

        @Timurlame:disqus

        I think the I.M.F paid Buhari a precautionary visit to advise him to avoid driving Nigeria to crash.

        • Burbank

          “I think the I.M.F paid Buhari a precautionary visit to advise him to avoid driving Nigeria to crash.”

          What YOU thought is irrelevant

        • you think

      • yukkmouff

        Calm down Burbank………….a good number of us can easily live with whatever economic and fiscal policies this government throws our way. However, the million dollar question is, can the already impoverished working class live with it? A very happy new year to you.

        • Burbank

          “can the already impoverished working class live with it?”

          After 16 years of PDP mismangement, sure they can.
          And a very happy new year to you.

          • Ifeanyi Nwoko

            I agree. If they cannot afford Agege, let the go and buy cake.

            Funny how Mr. Borrow – Borrow to fill form no longer cares about the poor.

  • ’70

    Here comes Christine the lesbian…

    • yukkmouff

      What has her sexual orientation got to do with her position as head of the IMF?! Its a new year, please keep your homophobic comments to yourself.

      • ’70

        Ha ha haaa… it has a lot o… War against same sex relationships in 2016!

  • Damilola

    This is the memory verse “his administration will look inwards, enforce regulations to stop financial leakages and adopt global best practices in generating more revenue to mitigate the effect of dwindling oil prices on the Nigerian economy”. Come another 7months you will hear the same model, still same proposition, not results.

    Baba even failed to impress his guest on how he intends to take “sachet milk, tea, and pure water” in saving cost for the “hard drawn bugdet” and how he will be seeing wild animals with as little as #245m, among other frugal proposed expenditures of his govt.

    • Gbolahan Adegoroye

      @disqus_1RGk8JqIb7:disqus

      I AM INTERESTED IN SEEING HOW A MAN WITH BUHARI’S LIMITED
      SCHOOLING CAN CONCEIVE AND EXECUTE SENSIBLE REFORMS
      AS SAID FOR HIM BY THE LIKE OF PROFESSOR WOLE SOYINKA
      IN HIS OWN WORST MOMENT OF ABSOLUTE BEFUDDLEMENT.

      • Ifeanyi Nwoko

        My friend, you are just jealous. Who told you to go and waste money going to school when it is possible in Nigeria to be President/Minister/Chief Justice, all at the same time.

        Sai Buhari.

      • Damilola

        Looooolz… infinito I call that waiting. Let’s just hope and pray we have free and fair election come 2019 and a tangible candidate to stand em

    • Ifeanyi Nwoko

      Memory verse though? Hahahahahaha. President Willie. Always saying what he will do.

      • Damilola

        Willie indeed bro… d first reply isnt for you abeg, still pending Incase u later c it.

  • Franktalk

    I feel that those you wrongly call ‘radicals’ and ‘activists’ may need to get the same treatment
    to be meted out to more explicit thieves like Sambo Dasuki when the time comes for definite
    revolutionary justice, because these fake radicals and activists littering Nigeria are actually
    political party agents in disguise. Today all so-called radicals and activists are in APC.
    No more disguise. They’ve achieved their purpose to be at the table for sharing of thefts
    If PDP folks were not a bunch of thieves Goodluck Jonathan would have been stopped.
    But they danced around the mentally wretched man from Otuoke en route slaughter.

  • Colonel Mariama(rtd)

    Clueless leader. I HOPE HE FAILS WOEFULLY. The West has its man and is ready to move in for a quick kill.

    • Buhari4Ever

      You are a retard!! Buhari has never failed in any official assignment and this won’t be an exception.

    • primus

      Agent of darkness. You Colonel Mariama(rtd) will first of all fail in 2016 and give us chance………….because you’re praying not to see Nigeria work again.

    • Ahmad

      The West has its man and Nigerians have their man. Frustration and WOEFUL FAILURE will visit and kill u this 2016. Agent of neo-colonialism.

  • REDEEM

    The All Progressives Congress (APC) issued a statement through its then interim national chairman, Bisi Akande, calling President Goodluck Jonathan “a kindergarten president”.

    2014 : The APC issued a statement through its national publicity secretary at the time , Lai Mohammed, calling President Jonathan “clueless and incompetence”.

    2015 : The APC issued a statement through its then deputy national secretary, Nasir El Rufai, calling President Jonathan “lazy, docile, incompetent, clueless,hopeless and useless”.

    2016 : The APC, yes, same abusive APC, issues a statement through its current national chairman calling on PDP and Nigerians not to insult or abuse President Muhammadu Buhari.

    APC cannot suddenly pretend to hate insults.

    ‪#‎FireOnBuhari‬ free Mentuh now Buhari….

  • what a shame

    IMF Experts To Review And Correct Nigeria’s 2016 Budget.

    **Our economists arrives Nigeria next week to review and audit the Budget and assess if the debt is sustainable.
    Our team will assess whether the borrowing costs are sensible and what strategy must be put in place for Nigeria. – IMF.

    International Monetary Fund chief, Christine Lagarde said on Tuesday that she is in Nigeria to see how to help structure the economy and back reforms that reduce inequality. She called for scrutiny of the subsidy regime, calling for restructuring and eventual phasing out of subsidies.

    According to Lagarde, Nigeria as Africa’s biggest economy needed to diversify its revenue to swim out of its economic crisis fueled by the fall in oil prices.

    • Quirkycox2016

      “Does it surprise anybody that the very outspoken General Obasanjo up
      till now has not made a single comment about Sambo Dasuki’s allegation
      that General Obasanjo was among former leaders that benefited lavishly from
      the arms purchase largess? In fact, OBJ has gone mute ever since Dasuki
      threatened to name those he gave money including ex- presidents.
      Yeye country!”

      ………..Ifeanyi Izeze

      (Sahara Reporters, 5th January 2016)

  • “What Buhari told IMF Chief, Lagarde”
    We thank God Almighty, our president did not tell this visitor that “Nigerians are unruly ” “Nigerians are corrupt” “Nigeria is not easy country ” Thank God.

    • ginko2000

      PRESIDENT BUHARI IS SURELY THE BEST PRESIDENT NIGERIA HAS EVER HAD.
      ALL REASONABLE NIGERIANS MUST GIVE BUHARI UNCONDITIONAL SUPPORT.

      • Enough!

        With its media in sycophantic mode Nigeria is not going anywhere and i’m outta here!

        • Elder Brown

          Enough!

          You are not alone. Not a few
          Nigerians worry there may be no journalism left in the country by May 29th.
          Critical thinking is hard to find nowadays or else, like here, why really should it
          take a French woman to come and ask Nigeria a question that suggests itself,
          that 10 billion dollar loan in any mix of currencies may not be sustainable debt
          over against Nigeria’s existing national debt of 12 trillion Naira – equivalent to
          60 billion dollars? The Nigerian press is more interested in elections than in
          governance result. For that upside down focus Nigeria sinks.

          • Folabi Doherty

            VERY SIMPLE!! NIGERIAN JOURNALISTS ARE TOO BUSY SHARING 120 MILLION NAIRA
            OF the DASUKI LOOT PLUS ANOTHER 50 MILLION NAIRA IN CASH GIVEN BY JONATHAN
            TO THE EDITORS OF NEWSPAPERS. YOU cannot EXPECT GOOD THINKING IN THAT
            STAMPEDE FOR SELF-ENRICHMENT BY bought AND SOLD NIGERIAN JOURNALISTS.

      • Ifeanyi Nwoko

        Did this guy really just say “unconditional” support?

        • Robin Hood

          What’s your condition? Biafra is off the table!

          • Ifeanyi Nwoko

            It’s unfortunate that the ethnic rhetoric is all you have to offer. When you develop the aptitude to counter a point without this unsolicited sentiment, I will gladly exchange with you. Until then, run along, adults are talking.

          • Robin Hood

            Patriotic citizens do not seek conditions in order to support their government. We all know that Biafra agitators lack an iota of patriotism towards The Federal Republic of Nigeria. They can continue to make themselves outcasts in the Republic, the choice remains theirs. The rest of us are forging ahead with ONE NIGERIA!

          • Ifeanyi Nwoko

            And i mentioned Biafra where? You take one look at my name and insinuate a lot.

            As I said, run along.

          • Robin Hood

            Still waiting for you to state your condition. Beat about the bush all you want. We know you.

          • Ifeanyi Nwoko

            Ehn now, so why bother? As long as you remain intellectually inferior, you will continue waiting. We have nothing to talk about. Find your level

          • Robin Hood

            I didn’t think you had balls enough to state it. It took your leader a few weeks in jail to start singing and tendering apologies. Weak lot!

          • logmein2nite

            Imbecile, you neither like the strength of terrorist Shekau, nor the weakness of Kanu. A sudden new found patriotism that is only founded on Igbo envy is a false patriotism!!

          • Domine of the domain you’re being unkind

    • Edwin Esiche

      I have read a few good thinkers warn here that Buhari is on a wrong road. IMF now gives the proof.
      IMF does not go advising or cautioning countries on the right path. IMF advises wayward countries.
      Buhari does not have any economic plan, but just does as the spirit directs him – no plans, nothing”!
      In June, Buhari was cutting a few pennies from Villa (junior) staff overtime allowances to look prudent.
      Five months later he signed to himself and his family 1.9 billion Naira as feeding allowance. What’s that?
      What happened to prudence? He’s also allocated to himself 190 million Naira to buy tyres for his convoy.
      These mindless expenditure plans are worrying enough to set alarm bells ringing in the IMF headquarters.

      • Abilingo

        ARE YOU SAYING THAT ALL THE INTECTUAL PEOPLE THAT SUROUNDED PMB ARE DUMMY? IM DISAPPOINTED TO HEAR THIS .I DO NOT THINK NIGERIA NEED ANY LOAN FOR NOW ,IF THEY COULD GET ALL THE MONEY BACK FROM THOSE THIEVES THAT PUT NIGERIA IN BONADGE. GETTING LOAN IS TO LOCK YOU WITH HIGHER INTEREST RATE.

      • IMF goes everywhere to see who they can take advantage of, nothing to see here

    • Ifeanyi Nwoko

      Posturing title. As if to say that Buhari was in command of the meeting. What he did tell her, is to please make a press statement that she didn’t come to give loan. To say the least, this IMF visit was very embarrasing.

      It is only a sycophant that will say an ambulance or firetruck arrives at house to see how inhabitants are doing. This was an emergency ‘come to Jesus/Mohammed meeting’

      • “This was an emergency ‘come to Jesus/Mohammed meeting”?
        IMF goes every where so as to sell their product, you may choice to buy or decline

        • Ifeanyi Nwoko

          On the contrary, she came to lecture the administration on efficiency, transparency and better accountability. Her agenda as quoted by her. Next a follow up team will come down to perform their Article IV assessment and review the budget. Next will be advising the administration and giving them a roadmap. None of this exudes strength on the side of Buhari. This is what happens when you go to Washington and start begging for money, without ministers to guide/advise, thinking that funds don’t have strings. No one is giving money when they know you can’t pay back. In the event they do, know that they don’t really want you to pay them back, they have in effect bought your country.

          • With your vast knowledge why spread propaganda?

          • Ifeanyi Nwoko

            It’s the furthest thing from propaganda. I have nothing to gain by that. Take what I said, point by point, and tell me where I erred.

            Maybe my point/wording about Buhari going to DC offended you, but I’m not here to be politically correct. I call it how I see it. Did Buhari not take wish list? America that barely invests in her own Black communities will now give Nigeria money for free? And Nigerians were naively rejoicing.

          • Wish list i’m glad we’re not calling it grocery’s list, nothing of such nature you know it and i know it, the US doesn’t give anybody a kobo

            The system is not even said up that way, hence it’s propaganda, there’re people on-line who would buy into this idea

          • Ifeanyi Nwoko

            I’m confused. I’m spreading propaganda by stating facts? And the US DEFINITELY gives “aid”, my point is that it’s never for free. There are always interests there. I can’t blame them though. Africans continue falling for the same tricks.

          • logmein2nite

            Don’t mind that man, I thought his name was “f00lish” until I looked closer. You’re talking sense bro. Nigerians like to argue sentimentally. Where else is Buhari going to get the N1.84 trillion to balance his deficit budget?

          • Ifeanyi Nwoko

            Lol, ah this is my new friend. Far from f00lish. I’m making progress with him/her. But yes, Buhari was borrowing money before he had even put a budget together.

            This budget has the same line items that GEJ had. But people will still come online to rant that Buhari is not business as usual. The sycophantic attitude worries me sha.

          • Dodon Doya

            Better to get loan and utilize it for the good of the country (even if bonded to the IMF) than to squander it to campaign for reelection.

          • Ifeanyi Nwoko

            No argument from me there.

            But with the overview we got on the budget that Buhari submitted, he is doing the same thing his predecessor did.

          • Julius

            You are a joke. Funny thing is that you think you know da hell you are talking about. Pure nonsense !

          • Ifeanyi Nwoko

            Anyone can call names, refute the points that are there, simple. The best you can do is try to bait me into trading of insults. It won’t work here bro.

        • Julius

          Thank you !

      • Julius

        You are a moron. The same IMF said same about the UNITED STATES budget. They said they will look at it , study it, not to make changes but, to see how it cares for the poor. If you dont understand or know anything, the best thing is to shut your trap. IMF do this all over the world, so, why was it embarrasing visiting Nigeria?.

        • Ifeanyi Nwoko

          All I can do is laugh at you. The US that holds sway in the IMF with 16.7 vote, who just diminished the European slice to give to China. You are here putting them in the same conversation as Nigeria. I look at the US budget, as does almost everyone interested. How does that compare with what they are gearing to do in Nigeria?

          • Otile

            Why are you wasting your precious time responding to a useless imbecile? What does he know about anything? Just ignore him as I do nowadays. Finally I found out that he is a riffraff.

          • Ifeanyi Nwoko

            Yeah, I seem to be running into those a lot. Fortunately, all the insults in the world can’t hold their weight when they are presented with facts, and logic. They run and hide sooner or later.

  • Zebracrossing

    @George_USA:disqus

    His type is more common nowadays. They just assert and force their assertion down your throat.

    Ask him to provide the particulars of Buhari’s success, he can’t mention one – typical sycophant.

    But the danger is the fascism in their getting converts by pushing this rot down the throat of others.

    With PDP dismantled by corruption trials and the Press suborned, Buhari will become an Emperor.

  • Robin Hood

    Yeah! After he’s through trying you.

  • Abilingo

    WELDONE YOUR EXCELLENCY.NIGERIA DOES NOT NEED IMF LOAN.THE LOAN JONATHAN COLLECTED IS STILL THERE.

  • C3kwe

    What do you expect from the international community when it took five months to appoint a finance minister. What type of country does that. What type of impression are you giving to the stock markets around the globe. It is unfortunate that buhari does not know how stock markets reacts when they smell blood on ineffective and indecisive regimes. Unfortunately, the IMF can never leave you alone when they smell weaknesses in government.

    • excel

      you are confused here… it seems you need to ready the press release again, bitter loser.