This history question requires analysis of historical events, causes, and consequences. The detailed answer below provides context, evidence, and a well-structured explanation.
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It's understandable to feel frustrated by these significant changes. Here's how you can explain these points to a foreigner, focusing on the economic and policy shifts:
Fuel Prices and Queues: Explain that the previous administration maintained a fuel subsidy, which kept prices artificially low (e.g., ₦195 per litre). However, this subsidy was a massive financial burden on the government. The current administration removed the fuel subsidy to free up government funds. This led to a sharp increase in fuel prices (e.g., ₦1,440 per litre) because prices are now determined by market forces. The queues disappeared because marketers found it profitable to import and sell fuel, ensuring availability, even at the higher price.
National Debt: The increase in national debt from ₦87.38 trillion to ₦159.28 trillion reflects continued government borrowing. While the subsidy removal was meant to reduce spending, other factors like exchange rate depreciation (making foreign debt more expensive in Naira terms) and ongoing infrastructure or recurrent expenditures can still drive up the total debt. Both administrations have faced the challenge of funding government operations and development.
Infrastructure Projects: Acknowledge that the previous administration did complete significant infrastructure projects like the Second Niger Bridge. This shows that despite economic challenges, there were tangible developments during that period.
Defense Allocation and Insecurity: Explain that while defense allocations have increased significantly (from ₦2.98 trillion to ₦5.41 trillion), improved security is not solely dependent on budget size. Factors such as corruption, inefficiency in resource utilization, and the evolving nature of security threats can mean that higher spending doesn't always translate to a proportional reduction in insecurity.
Missing Buhari and Cost of Living: The sentiment of "missing Buhari" stems from the current severe cost of living crisis. While the previous era had its own challenges, the rapid increase in prices for essential goods like fuel and rice (from ₦30,000 to ₦60,000 per bag) under the current administration has made daily life significantly harder for many Nigerians. This economic hardship leads some to view the past as relatively more stable in terms of affordability.
Budget Comparison: The comparison of federal budgets (₦135 trillion over 24 years vs. ₦153.2 trillion over 3 years) highlights the impact of inflation and currency depreciation. While nominal budget figures increase over time, the real value or purchasing power of those budgets, and more importantly, the purchasing power of citizens, has been severely eroded. The rapid increase in budget size under Tinubu, coupled with high inflation, means that despite larger nominal spending, the economic situation for the average Nigerian has worsened.
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It's understandable to feel frustrated by these significant changes.
This history question requires analysis of historical events, causes, and consequences. The detailed answer below provides context, evidence, and a well-structured explanation.