NewStats: 3,263,590 , 8,180,646 topics. Date: Friday, 06 June 2025 at 04:46 PM 22x7

Data has shown that President Bola Tinubu and Muhammadu Buhari, the immediate past president, took Nigeria’s economy 18 steps backward in nine years.

According to Statisence, an AI data company, Nigeria dropped to the 42nd largest economy in the world in 2023 from its 22nd position in 2015, the year Buhari took power.
The Nigerian economy was estimated at $568.50 billion in 2014 and $374.95 billion in 2023.

While Buhari was president, the Nigerian economy slipped twice into recession, causing a massive depreciation of the naira. A 2017 Stears report stated that while Buhari took over a fragile economy from ex-President Goodluck Jonathan, he allowed the country’s economy to sail nearly on autopilot.

“High oil prices had flattered Nigeria’s bleak economic picture for many years, and the end of the boom triggered a period of uncertainty as the crisis loomed. In fact, in a bid to curtail the damage, the Central Bank of Nigeria (CBN) devalued the naira from ₦155/$1 to ₦168/$1, and subsequently to ₦199/$1, to no avail. The combination of the oil price slump and gross malistration of previous regimes left the economy on tenterhooks by the time President Buhari took charge. 

“The Buhari istration started off on the wrong foot in of economic strategy. Ab initio, the President failed to capitalise on the massive goodwill he enjoyed at the start of his tenure to push through decisive policies during his honeymoon period. Initiatives like quickly repealing the Land Use Act or pushing through the Petroleum Industry Governance Bill were overlooked in favour of nothing. 

“For months after taking power, President Buhari did close to nothing on the economic front. His lackadaisical approach, exemplified by his failure to appoint federal ministers until six months after his inauguration, did the economy no favours, leaving economic management to just the CBN.”

“In all, President Buhari’s initial sluggishness, the CBN’s damaging foreign exchange controls, and a decimated oil sector contributed to the nation’s abysmal economic performance in the past two years. In turn, the average Nigerian is worse off than in pre-Buhari times, an observation that is hard to deny. 

“Two years is too little time for a definite assessment of President Buhari’s economic performance, and the absence of a counterfactual scenario means we cannot be too harsh. But the sharp economic deterioration in the last two years points to an uncomfortable truth – President Buhari has fallen well short of economic expectations.”

The Nigerian economy is currently witnessing one of its lowest dips, as its GDP has recorded a downward spiral, now close to what it was in 1999. Data showed that from 2006 to 2010, Nigeria’s economy only ranked between the 30th and 34th in the world, at $222.79 billion, $262.22 billion, $297.46 billion and $369.06 billion, respectively.

Meanwhile, on Thursday, Bloomberg reported that Nigeria was set to lose its place as Africa’s largest economy following several depreciation bouts of the naira and the rising cost of living. The report stated that Nigeria’s GDP was projected to take the fourth place, behind Algeria at $267 billion, Egypt at $348 billion and South Africa at $373 billion, by 2027.

Nigeria’s economy is perceived to have been weakened by some of President Bola Tinubu’s decisions, particularly fuel subsidy removal, a power tariff hike and the floating of the naira. “Despite a recent rebound, the naira is still 50% weaker against the greenback than what it was prior to him taking office after two currency devaluations,” Bloomberg stated.

https://fij.ng/article/data-buhari-tinubu-took-nigerias-economy-18-steps-backward-in-9-years/

Sadly in 2015, the leadership of the country was taken over by a character that was not only clueless about the economy, he also had no interest in fixing it and as a result of this the economy of the country plummeted for eight straight years under his rudderless leadership.

The country had another opportunity in 2023 when a new leader was elected. Sadly hopes were dashed when another questionable character was imposed on the country under very dubious circumstances as president. The notorious "nah statistics we go chop" CSU certificate forger.

The resultant effect is that the country's economy has continued to plummet as a result of the mismanagement of the country's resources and the rudderless economic policies of the istration. From top to bottom. Fear APC!

Na fij talk am.
Tinubu awarded a contract of 15 thrillion naira to himself for a road that Julius Berger will do for less than 2 thrillion in a country that is producing less than 3500Mw of electricity. With this singular act, tinubu has made more money than abacha and babangida combined. Some deluded fellows are still expecting even the faintest positive news from this country that a conman and his fellows are massively looting from without recourse common sense. I
I greet una

Nigeria's economy in 15 years

Jonathan's istration
2010: $369.06bn
2011: $414.09bn
2012: $460.95bn
2013: $514.96bn
2014: $568.49bn

Buhari's istration
2015: $492.43bn
2016: $404.64bn
2017: $375.74bn
2018: $421.73bn

2019: $448.12bn
2020: $429.42bn
2021: $441.42bn
2022: $477.37bn

Tinubu's istration
2023: $374.94bn
2024: $252.73bn*

*projections
Note: The GDP is measured by current prices.

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#TheCableIndex

https://twitter.com/thecableindex/status/1782070296108843064?t=cGhAEA78dkOvwoaNYjA24A&s=19

Yet Agbado and cassava eaters in their graduer delusion and schizophrenic mentality would be like

APC are just masters of lies, deceits and propaganda.

Facts and figures don't lie.

APC has totally destroyed this country

Looto… They got little plan.

Buhari suppose dey jail by now

He was moving Nigeria backwards

Tinubu simply took the baton and continued from where he stopped.

Let's wait patiently for APC voluntary slaves to arrive fess.

Those charlatans and nonentities are hell-bent on forcing mediocres and dullards that keep taking this country backwards on us.

It shall never be well with

Tinubu and Buhari
Yorubas and Hausa/fulanis who kept ing them
All those people that voted based on Muslims/Muslims, religion, enthicity and tribe

They brought this mess on us

Funny enough same idiots that sang Buhari's praises calling him darling daddy, are same idiots that have jumped ship to start praising Thïefnubu to clean up the mess by Buhari.

African leaders should learn how to step down

Immediate past istration performed below average

Incumbent istration is not doing well, not up to a year & this is where we are

Agbadorians says APC is the best thing to happen to Nigeria

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Buhari caused it Tinubu is trying his best to perfect the imperfections caused by Buhari regime.

Giant of Africa to d snails of Africa

Watch how brainless and condemned Gbola Tilumbu online bastards will invade this thread to lick their slave master's dirty stinking disease-infested blockos just for peanuts and stipends.

The two Ajala men na curse, even their ers are not spared out; they're; mòrons..

May God help us

By the way, checkout all available job vacancies across Nigeria using the link in my signature 👇

200 naira is not ok I prefer 1300


A dream becoming a reality...


a comedian did say that tinubu was the one that wrote the song for Davido they will feel it

false information from statisense..

Nigeria's economy is backed by crude oil. which means the economy cannot fall from $568.50 billion to $374.95 billion in 9 years it always has to go upwards unless someone or a group of government officials intentionally deduct $193.55 billion from the government s...

It's like real estate.. the price of real estate only goes up.. the price you paid for rent or lease in 2015 is lower than the price you pay in 2024.

For Nigeria's economy to drop like that then the amount of Barrels Per day of crude oil that Nigeria produces has to drop drastically.

Nigeria currently produces 1.7 million barrels per day.. it would have to drop to 200 thousand barrels per day for Nigeria's economy to drop badly.

The Ronu bastards disagree with the report, to the brainless idiots tinubu and APC is the best thing to happen to Nigeria.

Even thiefnubú urchins are now tired of him...

That is why they are clamouring for a Yoruba Nation..

Smiling, fij is analysis AI data satisense on Nigeria and he is believing everything about it...

The analysis had a motivate behind it.

Well, he is entitled to his opinion. And it is left for individuals who can not think deeply to accept his point of view.

Brown envelope Journalism - contributed to the economy situation the Nation is facing today...

Wait and see how numbskulls will still come here to appropriate the blame to GEJ, PDP, Peter Obi or anyone for that matter except the very people who should be in jail for the economic and social injustice that has befallen our darling country.

Propaganda can only go as far.

APC is a curse to the black race not just Nigeria

In the words of a certain Nairalander, Nigeria economy 'appreciate backwards'....clowns

It amuses me when people seem to think APC came to help Nigerians.

No, APC is here to push more people into abject poverty so as to make y'all more pliable and easier to control

Jonathan met 65 billion dollars in the foreign reserve and wasted over 35billion dollars out of it. Bihari Meet meagre 28 billion dollars. Buhari added around 5 billion dollars leaving 33 billion dollars in the reserve. Anytime You guys want to glorify Jonathan istration, always that he wasted 35 billion dollars in less than 6 years. Jonathan istration did not add one dollar to the foreign reserve.

APC fundamentally don't know anything about economic development... Corruption apart

Sentiment aside let's look at this

You budget $1.2 billion of borrowed money to rail way that can't break even or pay back it's loan

Budget 250 billion for Lagos Ibadan

Spend over 300 billion on niger bridge

Abuja Kaduna rail that cost 20 times what it makes was done for $1 billion

But you allocate 75 billion ($75 millionsl)for SMEs
50 billion for nano business ( we know corruption would eat 50% ) ($50m)

They you all act surprise GDP is dropping?


For a $300 billion dollar economy are this people joking or what

APC doesn't understand the basic principles of economic development for a developing economy they don't

They just want to build feel good project , commission it n brag about it... Worse still they allocate such projects based on tribal and religious sentiments