NewStats: 3,262,604 , 8,177,665 topics. Date: Tuesday, 03 June 2025 at 12:23 AM l3w8

President Bola Tinubu, in the past six months, has been rolling back a number of policies initiated by his predecessor, Muhammadu Buhari.

Even though both Messers Tinubu and Buhari are of the same political parties, there have been glaring contrasts between them, especially on the economic policy side.

Mr Tinubu, a former Governor of Lagos State, is more towards the liberal economic side, while Buhari, a former military leader, is more protectionist. In 2013, both came together to form a united Front against former President Goodluck Jonathan.

For eight years, Mr Tinubu was quiet on the policies of the government and only spoke up when a policy appeared to be targeted at him during the election.

During the election, Mr Tinubu openly disagreed with the former istration on the implementation of the Naira redeg policy.

With his emergence, Mr Tinubu has continued to strip some of the policies embarked on by former President Buhari.

Top six policy reversed by President Tinubu

Removing ASUU from IPPIS

For years, university lecturers and President Tinubu fought over the implementation of the IPPIS platform.

The lecturers argued that their peculiarities do not fit the IPPIS platform, stating that the platform was denying them some allowances and benefits.

Every year, the ime led to months of shutdown of schools. Under Buhari, Nigerian universities were shut down for 1,086 days.

It would be recalled that ASUU proposed UTAS as an alternative but the Buhari istration rejected it, leading to a prolonged industrial action that kept students at home for long.

Ban on Cryptocurrency

One other major policy this government has unrolled is the ban on cryptocurrency imposed by former CBN governor, Godwin Emefiele.

The CBN under Emefiele, on February 5, directed all banks to close all s involved in cryptocurrency transactions within their systems.

Recently, Yemi Cardoso, the new CBN governor directed a reversal of that policy, lifting the ban on cryptocurrency.

43 Items on FX ban

The CBN on October 12 lifted the 8-year ban on 43 items restricted from accessing foreign exchange from the official market.

.ng recalls that in 2015, the CBN banned 43 items, such as rice, cement and poultry, from accessing forex.

In lifting the ban, the monetary authorities say importers of the items are allowed to purchase foreign exchange in the Nigerian Foreign Exchange Market.

It would be recalled that protectionism policies formed the bedrock of the Buhari istration.

The former President shut down land borders for years in order to protect the investment in the agricultural sector, particularly rice.

Mr Emefiele had through the anchor borrowers programme, pumped money into the rice production sector.

Phase out of old Naira

The redeg of the Naira was a major talking point during the election period, as many believe it was targeted at President Tinubu.

The policy led to the scarcity of the Naira, which caused severe hardship as people could not access cash to do even basic transactions.

Some state governments challenged the policy at the Supreme Court. However, the court did not give a verdict until after the election. The court ruled that the two currencies should co-exist till December 2023.

However, in November, the government announced the extension of the validity of the old currency indefinitely.

40 per cent IGR of schools

The Buhari istration, through the Finance Act of 2020, mandated a 40 per cent auto deduction of gross IGR of partially funded agencies, including federal government-owned institutions.

The current istration moved to implement the law in October but later bowed to the pressure from the universities.

https://.ng/2023/12/31/cryptocurrency-old-naira-notes-other-buharis-policies-reversed-by-tinubu/

Tinubu will be worst than Buhari, no doubt about that.

TokunboCarsOnly:
Tinubu will be worst than Buhari, no doubt about that.

That's your prayer but God isn't like human.

GuruboiNaija:
President Bola Tinubu, in the past six months, has been rolling back a number of policies initiated by his predecessor, Muhammadu Buhari.

Even though both Messers Tinubu and Buhari are of the same political parties, there have been glaring contrasts between them, especially on the economic policy side.

Mr Tinubu, a former Governor of Lagos State, is more towards the liberal economic side, while Buhari, a former military leader, is more protectionist. In 2013, both came together to form a united Front against former President Goodluck Jonathan.

For eight years, Mr Tinubu was quiet on the policies of the government and only spoke up when a policy appeared to be targeted at him during the election.

During the election, Mr Tinubu openly disagreed with the former istration on the implementation of the Naira redeg policy.

With his emergence, Mr Tinubu has continued to strip some of the policies embarked on by former President Buhari.

Top six policy reversed by President Tinubu

Removing ASUU from IPPIS

For years, university lecturers and President Tinubu fought over the implementation of the IPPIS platform.

The lecturers argued that their peculiarities do not fit the IPPIS platform, stating that the platform was denying them some allowances and benefits.

Every year, the ime led to months of shutdown of schools. Under Buhari, Nigerian universities were shut down for 1,086 days.

It would be recalled that ASUU proposed UTAS as an alternative but the Buhari istration rejected it, leading to a prolonged industrial action that kept students at home for long.

Ban on Cryptocurrency

One other major policy this government has unrolled is the ban on cryptocurrency imposed by former CBN governor, Godwin Emefiele.

The CBN under Emefiele, on February 5, directed all banks to close all s involved in cryptocurrency transactions within their systems.

Recently, Yemi Cardoso, the new CBN governor directed a reversal of that policy, lifting the ban on cryptocurrency.

43 Items on FX ban

The CBN on October 12 lifted the 8-year ban on 43 items restricted from accessing foreign exchange from the official market.

.ng recalls that in 2015, the CBN banned 43 items, such as rice, cement and poultry, from accessing forex.

In lifting the ban, the monetary authorities say importers of the items are allowed to purchase foreign exchange in the Nigerian Foreign Exchange Market.

It would be recalled that protectionism policies formed the bedrock of the Buhari istration.

The former President shut down land borders for years in order to protect the investment in the agricultural sector, particularly rice.

Mr Emefiele had through the anchor borrowers programme, pumped money into the rice production sector.

Phase out of old Naira

The redeg of the Naira was a major talking point during the election period, as many believe it was targeted at President Tinubu.

The policy led to the scarcity of the Naira, which caused severe hardship as people could not access cash to do even basic transactions.

Some state governments challenged the policy at the Supreme Court. However, the court did not give a verdict until after the election. The court ruled that the two currencies should co-exist till December 2023.

However, in November, the government announced the extension of the validity of the old currency indefinitely.

40 per cent IGR of schools

The Buhari istration, through the Finance Act of 2020, mandated a 40 per cent auto deduction of gross IGR of partially funded agencies, including federal government-owned institutions.

The current istration moved to implement the law in October but later bowed to the pressure from the universities.

https://.ng/2023/12/31/cryptocurrency-old-naira-notes-other-buharis-policies-reversed-by-tinubu/

if you like post only one staus update in a week,e no mean say you wise people wey dey post 30 status updates a day.
If you like dey act like you no dey like too many talk,e no mean say u fit last for bed men wey dey talk too much
If you like get 3 laptops e no mean say u sabi bomb slarwomirr.
AND IF YOU LIKE REVERSE,REJECT,RETURN,RETRACE AND RECREATE YOUR PREDECESSORS POLICY,E STILL NO MEAN SAY YOU SABI HANDLE GOVERNANCE WELL YOUR PREDECESSOR

..

What is the essence when the reversed even brought back more hardship to the citizens...

The old note he brought back is still being bought with money, very hard to get and spend the money you worked for..

I salute all Wailers above and below me






Jagaban borgu

Ok

Let's be honest, forget tribe, Tinubu is much more better. This man is trying.

Tinubu has been ing effective policies and it will soon mature to a better and more prosperous Nigeria. He is our President including Obidients who prefer wailing.

Well done our President.

Sincerely,
Ronu

TokunboCarsOnly:
Tinubu will be worst than Buhari, no doubt about that.

Nobody can be worse than buhari...

Don't know jack about Cryptos.

Time for me to explore that space.

I just hope my fingers don't get burnt 🤔

wunmi590:


What is the essence when the reversed even brought back more hardship to the citizens...

Dem don use complain swear for us. He did not do well we complain, he did well we complain, he no do anything we still complain. Here is another good news now you still complaining. What exactly do you want? Smh

PaZwoD:


That's your prayer but God isn't like human.

I fear it has already happened.

JAGABAN no be guy name o

🐎

Buhari is a disaster, those type of football coach that won't spend a month on the job yet he spent 8 years

Now replaced by a not so impressive Tinubu

G

PaZwoD:


That's your prayer but God isn't like human.

But it's already happening and it's the case now...God himself dislike criminals until the repent according to your religious books..!!

I have no comment about a lot on this list but unrolling the ban on cryptocurrency could potentially stimulate innovation and economic growth in the digital asset space.

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Kai,smh!!!! Propaganda Yi noni sha bi alafise

Wetin the policies achieve

Okay

Buhari should thank his stars that Tinubu and him belong to the same party. If not, the incompetence of Buhari would have been so exposed that northerners would be so ashamed of his wasted 8 years.

Indigbo:


Dem don use complain swear for us. He did not do well we complain, he did well we complain, he no do anything we still complain. Here is another good news now you still complaining. What exactly do you want? Smh

It seems you have where you print your own money and spend ba?

I had to be using money to buy money this festive period, money I sweat to earn..

Oga, it favours you don't mean it will favour others..

Nah me know how much I've spent on buy my money as I spend heavily this festive period...

One more thing. Please we should be able to pay for dollars with naira debit card.
Jonathan/Ngozi did it and it didn't cause inflation.

wunmi590:


What is the essence when the reversed even brought back more hardship to the citizens...

The old note he brought back is still being bought with money, very hard to get and spend the money you worked for..

This is a case of a hungry man who planted rice and corn on his farm. A week later people start complaining that he is still hungry in spite of the farm and seeds planted.
I hope you know that policies are like seeds planted. They need time to nurture and grow.

God Bless Asiwaju.

Am sure he will deliver.

Haters are just getting worried.

Anyway it's a new year in few hours.

I pray by this time next year we will all be alive to wish ourselves a happy new year in advance.

Wishing you and your family a Happy New year in Advance.

2024 is our year of financial Breakthrough and we shall be uplifted cos our latter Glory shall be greater than the former.

HAPPY NEW YEAR

He should also open all borders and remove the restrictions on rice importations.
Buhari only banned rice importations to boost northern rice farmers majorly and northern agriculture. Ever since they said we now produce rice locally,the price have skyrocketed.. imagine buying a derica cup of rice for #1000! What the hell!

PaZwoD:


That's your prayer but God isn't like human.

He is already worst than Buhari, no capping

wunmi590:


It seems you have where you print your own money and spend ba?

I had to be using money to buy money this festive period, money I sweat to earn..

Oga, it favours you don't mean it will favour others..

Nah me know how much I've spent on buy my money as I spend heavily this festive period...

Completely off point and topic.