Stella Dimoko Korkus.com: Jibrin Tells Dino Melaye That Buhari Is Not To Blame For Nigeria's Economic Woes..

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Tuesday, 6 September 2016

Jibrin Tells Dino Melaye That Buhari Is Not To Blame For Nigeria's Economic Woes..

Abdulmumin Jibrin, former house of representatives chairman on appropriations, says it is “unfair and wicked” to blame the bad state of the economy on President Muhammadu Buhari, who is just over a year in office.




Jibrin was reacting to a comment credited to Dino Melaye, senator representing Kogi west, that he was afraid of being stoned by his constituents due to the “failure” of the Buhari administration.

According to Jibrin, even a magician cannot not turn around the economy within a period of one year in office.

He blamed the decline in oil price, which had adversely affected the country’s foreign reserves and mounted pressure on the naira, for the low recovery of the economy.

“Let me state very categorically that the President is not to blame on the state of our economy today.It is unfair and very wicked to push such blame on a man who just came on board barely a year ago. Not even a magician can turn around the economy within a period of one year.
“The biggest spending in our economy, that is the budget, hasn’t even run a full course of one year. Yet some people want to crucify President Buhari. Haba! Let’s face reality.We all know how badly oil price has gone, a situation that adversely affected our foreign reserves and mounted pressure on the naira.

“No matter what approach we adopt to manage and deal with the situation, recovery will be slow. It is not President Buhari’s fault.Everyone seems to forget when the whole country was supporting more spending as against saving. But here we are today, soaked in the rainy day. President Buhari should not be used as anybody’s scape goat.”


He explained that the recurrent expenditure, which had escalated and constituted a huge burden on the country’s yearly budget that rose from N950.32billion in 2006 to N1.372.20 trillion in 2008 and later to N2.593.62 trillion in 2015, was not created by Buhari.

“Similarly, the total cash call (oil production cost) which rose from about N200 billion in 2006 to about N1.2 trillion in 2015 was not a creation of President Buhari,” he said.
“The cash call has remained another tale of burden on our yearly budget. Statutory transfers including that of the NASS are not left behind. Statutory transfers rose from just about N100 billion in 2006 to N375.62 billion in 2015. President Buhari was not the President then.

“Debt servicing also rose from about N300 billion in 2006 to N953.62 billion in 2015. These expenditures have over the years constrained the budget and made it difficult to channel sufficient funds towards productive sectors that can sufficiently grow the economy.

“Domestic borrowing also sky rocketed during this period and created devastating consequences on the economy.Government at that time continued to mop up money from commercial banks at a rate considered one of the highest in the world, while the real sector is left with nothing. And even when they were able to access funds, it came with an unbearable interest rate.
“President Buhari met this situation on ground. He did not create it, but is doing his very best to take us out of the economic quagmire. We should all support him.”

Commenting on the call by Melaye on Buhari to sack some ministers, Jibrin disagreed with the senator saying Nigerians are in the habit of asking for the sack of public officers for sentimental reasons or envy.

“In my assessment, I have not seen any member of the President’s cabinet today — from SGF, HOS to ministers — that is not good enough to hold the office. At worse, the President may wish to reshuffle a couple of or more ministers based on their strength and weaknesses for better service delivery,” he said.

“I believe that most of the present cabinet ministers can source information or knowledge from these reservoir when the need arises. I have worked very closely with most of them and I am convinced that they have proved their mettle despite managing a very difficult situation that they did not create.

“I am sure nobody can question the competence of Udoma Udoma. Finance Minister Kemi Adeosun is also doing her best, and having worked with her, I am convinced she has all it takes to turn around the economy.

“The Central Bank Governor is managing the most challenging period the apex bank has ever witnessed. I think the president has worked with this team for about a year. His cabinet team understands him better and vice-versa.
“I am therefore calling on my colleague, brother and friend, Senator Dino Melaye that we should rather look inward and address our own contribution to this problem as lawmakers.

“We can start by addressing the budget and other monumental fraud under the watch of Speaker Yakubu Dogara, a systemic corruption that affected and continued to derail the economy of our dear country.”


Source: The Cable


*side eyes*

30 comments:

Miss Ess said...

Who else would Nigerians blame?

DonMayor said...

It's only an intellectually dead people that will br blame Buhari for what's going on on Nigeria now.

Tiger H said...

This Jibrin is really sick

James said...

Hmmmmmmm What is really going on in the APC?

James said...

Intra party wrangling

Loveme Jeje said...

Na dem sabi

Alloy Chikezie said...

Those economic team are not capable of managing the economy.

Your comment will be visible after approval.

Tuscany said...

Be looking for favor o. You think your supporting pmb will help your case? Lol

Anonymous said...

well said don Mayor.Everyone wants Buhari to perform a magic!

Dark Mz Tee jewelz said...

But why are these old people so daft.
Here I am hungry and penniless, yet this idiot says Buhari isn't to blame. Was is not Buhari who dispersed me from my job I got on merit in NIS.
When his insensitive comments and decisions are what put us into this quagmire, who else other than him should we blame?

Adadioramma said...

Let Jibrin be blame then, attention seeker.

Anonymous said...

PG 18
No need talking about this dead political meat. Leadership is more than sit Down and eat , what about working to make a bad situation good? Because of oil people believed tht you don't have to have common sense to rule, now oil price is down and the chicken have all come home to roast. Was thinking the niger delta is not important as aboki people say,but yet they cant say a word with out mentioning oil price drop.
ASHAWO WAS 1's A VIRGIN

ify mbonu-ikechukwu said...

hmmm, interesting

Passenger said...

Jibrin looking for presidential favour after shooting himself in the leg for 'paddling saga"......Gen Murtala Mohammed spent few months as Head of State before he was assassinated but before then thr was a ray of hope in his administration cos he gave a clear cut roadmap to whr we were to whr we need to be strategically. So spending one year plus is enough for Buhari to give reassurance to us with his policies, team and laid out plan but non is is place for us.

Lady j said...

Ask me ooh..let them blame my mum in d grave..

Anonymous said...

He is correct,u guys should see beyond ur hatred for Buhari.am nt a Buhari fan either.

Anonymous said...

He is correct,u guys should see beyond ur hatred for Buhari.am nt a Buhari fan either.

Anonymous said...

Who should we blame? You? Kpele o intellectually sound fool.

Anonymous said...

My thoughts exactly.

barbie micheal said...

And intellectually sound people will read this thing, and even debate it o?? Why stoop to the level of a frustrated fool, looking for presidential pardon... anumanu

Dark Mz Tee jewelz said...

*was it

Tilly said...

If we carefully study and understand the economy of the country and the trends in the past regimes, we wouldn't just start blaming the current president whether or not he preached change. But we are easily manipulated into joining the chant of the blame game.
People are trying to agitate the masses by constantly turning the blame to Buhari. And those with short sightedness are gullible enough to accept it without making proper findings themselves to make intelligible contributions.
Yes the country is in a bad place right now. But can we truly say it is Buhari's fault if we want to be "blamers". They say he is bad luck. Jonathan was Goodluck and how did that turn out?
If they like let them remove Buhari and put Obama, Nigeria has to go through a process. Dino Melaye should stop throwing stones when he lives in a glass house.

Starjoy said...

If buhari is not to be blame, then who?

Ayomide Adenike said...

God bless NIGERIA( AMIN)

Anonymous said...

So has the blaming put food in ur tummy yet?

Mrs Power aka MP said...

My fear n anger is not the recession but d singular fact that the number one man has no clue what so ever about how he is gonna change d situation. Now dats d real danger.

FYI Mr jibrin or whatever, let me tell u PMB as d head of this nation d buck starts n stops with him. If its a good situation now I won't be hearing u giving d glory to d past administration.

Let PMB stop d blame chant already its stale n he is now sounding like a broken record.

So lets give him d benefit of doubt dat d last administration did f..kup, so what is he doing abt it. Cuz d way I see it his will b worst off. If Jonathan did not do well then by all means show him how its done. I mean skool him. Bloodly well put some actions down n fight for us.

In fact I'm tired.

sisi eko said...

Jubrin Jubrin Mallam Jubrin..

I sight you.

sisi eko said...

Oh Tilly, how I love u so very much for this. Very apt.

sisi eko said...

Ahahah I knew somebody would say this.

Tilly said...

Sisi the love is mutual.

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