LegendHero:


Na now I know say you no know wetin you Dey talk about.

45m koor, 18k ni.

I said 45k not 45m. And I challenge you to show any genuine average rice farmer who is not politically connected who got anything above that. I know all these because I worked directly with farmers until early 2020 in Niger state. So if you're looking for who embezzled billions in the name of rice revolution, go to RIFAN and their colleagues in NIRSAL.

Kukutente23:

I said 45k not 45m. And I challenge you to show any genuine average rice farmer who is not politically connected who got anything above that. I know all these because I worked directly with farmers until early 2020 in Niger state. So if you're looking for who embezzled billions in the name of rice revolution, go to RIFAN and their colleagues in NIRSAL.

You said 45k and a knapsack of fertilizer.

You don’t even need to do much in looking for the farmers. Just type anchor borrower on either Google, Facebook, or Twitter.

Below is another report of a farmer arrested due to defaulting. They have lot of them who gamed the system like that.

That you’re online saying nonsense that no genuine farmer got it is a testament to how low Nigerians think and blame government alone for all rot.

You are talking as if Nigerians are angel who don’t look for first avenue to steal especially when they know it’s gov’t money.

https://www.premiumtimesng.com/agriculture/agric-special-reports-and-investigations/616806-special-report-how-default-on-loans-is-killing-nigerias-anchor-borrowers-programme.html

Nigeria has lost control of Naira.

LegendHero:


You said 45k and a knapsack of fertilizer.

Yes. And how has that changed? 45k, knapsack and a bag of fertilizer. That's what genuine farmers got under your party's ABP. The rest of the money was looted by your APC goons so stop blaming farmers.

LegendHero:


You said 45k and a knapsack of fertilizer.

You don’t even need to do much in looking for the farmers. Just type anchor borrower on either Google, Facebook, or Twitter.

Below is another report of a farmer arrested due to defaulting. They have lot of them who gamed the system like that.

That you’re online saying nonsense that no genuine farmer got it is a testament to how low Nigerians think and blame government alone for all rot.

You are talking as if Nigerians are angel who don’t look for first avenue to steal especially when they know it’s gov’t money.

https://www.premiumtimesng.com/agriculture/agric-special-reports-and-investigations/616806-special-report-how-default-on-loans-is-killing-nigerias-anchor-borrowers-programme.html

That's the problem. You went and copied a link and to your mind you have found the thieves. Since premium times has fished out the thieves, why don't you forward their names to your govt to arrest and prosecute them after all, they are just greedy, poor farmers who want to run away with loans?
I'm sure if premium times mentioned a high ranking APC member in govt, you won't believe the paper.
If the previous govt was serious about reaching genuine farmers, they would have keyed into ATASP program started in 2013 and run by international bodies which was well planned and structured. But because they had their own looting agenda, they abandoned ATASP and started spreading money to their cronies.
Ask yourself what is the business of central bank with rice farming? The result is Emefiele you're cursing today.
Ask yourself how the NSIP and CCT of APC has turned out. You're now cursing Sadiyya and suspending Betta. APC is a party of mismanagement and looting. That's the bottomline.

Kukutente23:

Yes. And how has that changed? 45k, knapsack and a bag of fertilizer. That's what genuine farmers got under your party's ABP. The rest of the money was looted by your APC goons so stop blaming farmers.

It’s obvious you don’t know what you’re talking about.

Below is a thread of almost 130 pages on Nairaland detailing how ordinary people are accessing the NYIF loan from the government.

https://www.nairaland.com/6407018/nyif-loan-discussion-thread

There was lot of threads on Twitter on NISRAL loan recovery and I even created a thread on it on few weeks ago then.
https://www.nairaland.com/7957357/wahala-nisral-began-deducting-loan


Below is real farmers attending Bayelsa anchor borrower program session.


https://www.youtube.com/watch?v=31z0XN4Xz8Q&pp=ygUeRmFybWVyIGFuY2hvciBib3Jyb3dlciBwcm9ncmFt

Below is Kwara own.

https://www.youtube.com/watch?v=mJ1AQBdoS00&pp=ygUeRmFybWVyIGFuY2hvciBib3Jyb3dlciBwcm9ncmFt


Ogun state own;
https:///dabiodunmfr/status/1257373581442514944?s=46&t=oGAxjhiGeufNKlYA6fDTyA

You don’t just sit on Nairaland and be capping nonsense.

Kukutente23:

That's the problem. You went and copied a link and to your mind you have found the thieves. Since premium times has fished out the thieves, why don't you forward their names to your govt to arrest and prosecute them after all, they are just greedy, poor farmers who want to run away with loans?
I'm sure if premium times mentioned a high ranking APC member in govt, you won't believe the paper.

Firstly, I don’t work for APC government. I have never been an APC member and infact I don’t have the party card.

I’ve left Nigeria almost up to a decade now and I always find it absurd when you guys on here think everyone pro-Nigeria suddenly means they work for the government or anyone is paying their bills.

Hear me out, Buhari did disburse out that loan and genuine farmers got part of the money while the cronies in government embezzled some of it too. Both the distributor and the farmers contributed to the failure. That you are absolving the farmers of the blame shows dishonesty.

If the previous govt was serious about reaching genuine farmers, they would have keyed into ATASP program started in 2013 and run by international bodies which was well planned and structured. But because they had their own looting agenda, they abandoned ATASP and started spreading money to their cronies.

What did the ATASP program lead Nigeria, did it made us sufficientin the production of rice or any crop for that matter? Did it help Nigeria self-dependent on food? Did it solve our deficiency in rice abundance? During Jonathan, we importers most of our rice, the only saving grace is that we have enough money that time to block the shock of forex.

Ask yourself what is the business of central bank with rice farming? The result is Emefiele you're cursing today.

I agree with you that CBN shouldn’t have intervened by themselves. But that still dosent stop the fact that the farmers did get the money and some of them embezzled it. That you are arguing against this make my stomach turn.

Ask yourself how the NSIP and CCT of APC has turned out. You're now cursing Sadiyya and suspending Betta. APC is a party of mismanagement and looting. That's the bottomline.

You can call APC anything you want to call it but that is not the bone of our contention on this thread.

The premise is that “Do genuine farmers get part of the anchor borrower loan”, yes or no?

We can discuss APC governing way later. Aside Tinubu and the Yoruba land itself, I don’t have any interest in APC as a party. If Yorubaland port to another party tomorrow, I’m gone. I am more of a Yoruba patriot than normal party kinda. You don’t seems to understand me.

LegendHero:


It’s obvious you don’t know what you’re talking about.

Below is a thread of almost 130 pages on Nairaland detailing how ordinary people are accessing the NYIF loan from the government.

https://www.nairaland.com/6407018/nyif-loan-discussion-thread

There was lot of threads on Twitter on NISRAL loan recovery and I even created a thread on it on few weeks ago then.
https://www.nairaland.com/7957357/wahala-nisral-began-deducting-loan


Below is real farmers attending Bayelsa anchor borrower program session.


https://www.youtube.com/watch?v=31z0XN4Xz8Q&pp=ygUeRmFybWVyIGFuY2hvciBib3Jyb3dlciBwcm9ncmFt

Below is Kwara own.

https://www.youtube.com/watch?v=mJ1AQBdoS00&pp=ygUeRmFybWVyIGFuY2hvciBib3Jyb3dlciBwcm9ncmFt


Ogun state own;
https:///dabiodunmfr/status/1257373581442514944?s=46&t=oGAxjhiGeufNKlYA6fDTyA

You don’t just sit on Nairaland and be capping nonsense.

Me? Sit on nairaland? Oga I was in Edozhigi Niger state in 2018-2020 to work with farmers so I know more than you can ever know.
The interesting thing is, go through your link. You'll see so many people interviewed by premium times corroborating what I said about most who got the loans not being farmers and the farmers getting only fertilizers and knapsack.
You can do video in Bayelsa or wherever. Is Bayelsa even a rice producing state in Nigeria compared to Niger, Kebbi or Anambra?
Your Anchor Borrower Program just like NSIP was a farce and avenue for looting. Google ATASP. That's what they should have keyed into instead of doing bonanza

Kukutente23:

Me? Sit on nairaland? Oga I was in Edozhigi Niger state in 2018-2020 to work with farmers so I know more than you can ever know.
The interesting thing is, go through your link. You'll see so many people interviewed by premium times corroborating what I said about most who got the loans not being farmers and the farmers getting only fertilizers and knapsack.
You can do video in Bayelsa or wherever. Is Bayelsa even a rice producing state in Nigeria compared to Niger, Kebbi or Anambra?
Your Anchor Borrower Program just like NSIP was a farce and avenue for looting. Google ATASP. That's what they should have keyed into instead of doing bonanza

Stop capping. Niger state alone is not Nigeria. You can be in Maiduguri or Abakaliki, no one cares about that.

What I showed you is korokoro video that we are seeing. That it failed in the locality you are in Niger does not imply someone else don’t get it in Ogun.

I don’t need to google ATASP, it’s none of my business and it does not address what we are discussing on here.

You want me to discard the info from frontline newspaper and videos to listen to you because you live in Edozhigi Niger to work with farmers? How is that my business?

I can as well just tell you that I work with farmer in Ado Ekiti and 5000 of them got it. How do you corroborate my fact? That’s why I usually use newspaper /videos for my sources, so there won’t be doubt.

Toosure70:
🍀Die if you like, the Dollar will keep rising against the Naira!!!🍀
***************************************

1. Appreciation and Depreciation of Currency is not related to race or color. It isn't who is the President either; be he Hausa, Igbo or Yoruba. It is basically about the production of goods and Services and the demand of your products in the World market. A confused Country that produces almost next to nothing will never meet up. Policies only control your Currency, not the value of other Countries' Currencies against yours.

2. A Country where over 500 Industries died within 30 years must be Stupid to complain of Depreciation of her Currency. We keep killing local industries and expect policies to make it up, it's a joke sir. Don't use China as an example of depreciating Currencies and strong economy. China produces and may attract more export with that strategy, unlike Nigeria that produces nothing.

3. A Country where someone made away with $2+billion simply to be shared, is already a doomed one in terms of monetary policy and value. A Country that produces a Dizeani and a Bafarawa, who spent billions to appease Demons. Those money without economic value is an economic waste and poison injected into the system.

4. A Country that favours importation over local production is doomed because it creates employment for other Countries while sacking her own Citizens. Some people are working in Michelin and Dunlop somewhere, yet we use the tyre here. Don't tell me about the principle of comparative advantage here; it's not applicable.

5. A Country that exports all raw materials without adding value to them, is shameless to talk of depreciation of her Currency, and will later re-import finished products of those materials, is the peak of daftness. A bag of Cocoa will go for, like N1million Naira, but when it is processed, its worth is around N7million. Even farmers who produced the raw Cocoa can't buy the end product... Chocolate!!

6. A Country that deliberately operates a banking system that gives loans to importers at the expense of local industries, is doomed and should say nothing about depreciation. Most of the loans are given to Senators and Representatives not industrialists.

7. A Country that gives loans in billions to the agric sector without monitoring & evaluation of such loan on how it gets to the real farmers, is a Sham. A guy collected over N2 billion agric loan, he bought a Jeep, built a nice house and used the rest to import processed Pork. Meanwhile, local Pork Farmers are dying here. Is that not double tragedy, stressing Forex and at the same time killing local industries.?

8. A Country that spends more on few privileged politicians at the cost of the populace who are unemployed, should not talk about money depreciation. A Country that keeps paying NNPC Staff N10 billion as Salaries every month, when a single drop of Petroleum Products was not processed, should shut up about depreciation of Currency. The only value-added product to the system is rising Crime and Criminality!!

9. A Country where it is difficult for investors to register businesses because of the demand for bribes by governent officials. Right from the Airport to the Hotel; to the Ministers and to Governors, investors will bribe. All these are part of cost of investment. A friend brought an investor on Estate Development just for the State Commissioner for Lands to demand 30% of the investment! To see the Governor in a State will cost you N2 million as bribe before you can be scheduled. This is a State as poor as anything.

10. A Country where the cost of travelling for treatment abroad by government officials will build World Class Hospitals, should not talk about Naira against Dollar parity. Money taken on that trip is part of stress on forex. Same as forex spent on Pilgrimage. Let religion fanatics keep off me here. Without going to Mecca or Jerusalem, you can still make heaven. Yes! You waste forex on Pilgrimage and later talk rubbish about forex. Pilgrims get Dollars for N160 while industries get it for N350! Is that not Crazy ?

11. A Country where a
few people have access to Federal Reserves and those few can get loans, not because of what they can produce but the connection they have... Is that Country not doomed already?

12. A Country where we import what we produce because it's "Cheaper" to do so, is doomed.

13. A Country that has Arable land and teeming idle youths but still complains of hunger, should not talk about Currency depreciation. It's not only annoying but nauseating.

14. A Country where free money flows can never control inflow and outflow of Forex. Imagine someone who wants to hide his loot went to "Aboki", the Forex dealer, to buy Dollars worth $50 million just to hide it in the basement of his house. That money has no economic value, yet it deprived those companies that needed it to import raw material. The same Companies go to "Aboki" to buy the hard Currency at exorbitant price.

15. A Country where a strong Bank owner can influence Shares from within the Stock Exchange floor to inflate their Shares' worth from N20 to N150, crash the same Share to N30 and ready to buy it back at N28, all within a year. Forget it, the Currency will never appreciate in such an economy.

16. A Country where Banks are involved in round- tripping and inflated cost to siphon money, is doomed. A Company wants to import Caterpillar worth $50,000. A Bank made the forex for such import $550,000. Meanwhile no Caterpillar was imported at last, yet the money faded into private accounts. Who strained the Forex exchange rate in that case?

You have too much sense bro. I have copied and saved your comment.

But let me ask, do you think Naira will appreciate a little when Dangote start selling petrol? Since we will no longer be buying finished product from overseas

LegendHero:


Firstly, I don’t work for APC government. I have never been an APC member and infact I don’t have the party card.

I’ve left Nigeria almost up to a decade now and I always find it absurd when you guys on here think everyone pro-Nigeria suddenly means they work for the government or anyone is paying their bills.

Hear me out, Buhari did disburse out that loan and genuine farmers got part of the money while the cronies in government embezzled some of it too. Both the distributor and the farmers contributed to the failure. That you are absolving the farmers of the blame shows dishonesty.


What did the ATASP program lead Nigeria, did it made us sufficientin the production of rice or any crop for that matter? Did it help Nigeria self-dependent on food? Did it solve our deficiency in rice abundance? During Jonathan, we importers most of our rice, the only saving grace is that we have enough money that time to block the shock of forex.


I agree with you that CBN shouldn’t have intervened by themselves. But that still dosent stop the fact that the farmers did get the money and some of them embezzled it. That you are arguing against this make my stomach turn.



You can call APC anything you want to call it but that is not the bone of our contention on this thread.

The premise is that “Do genuine farmers get part of the anchor borrower loan”, yes or no?

We can discuss APC governing way later. Aside Tinubu and the Yoruba land itself, I don’t have any interest in APC as a party. If Yorubaland port to another party tomorrow, I’m gone. I am more of a Yoruba patriot than normal party kinda. You don’t seems to understand me.

Stop self-deceit. You're not APC yet you're one of the loudest supporter of APC and you've ported from defending Buhari to Tinubu. Is Buhari a Yoruba man?
You've left Nigeria a decade ago and you're arguing with someone in Nigeria and accusing me of sitting down on nairaland. I don't even know how that makes sense to you. If you're not conversant with what's going on within the country, why are you arguing with someone who is there if not that you're already sold out on a party agenda. Is ABP a Yoruba agenda? I don't know what you mean by Yoruba Patriot when you don't even stay in the Yorubaland. Neither are you familiar with the challenges apart from fighting tribal wars with Igbos. Your patriotism is more of a caricature. I don't think you're of better outlook than Kanu of IPOB if that's your modus operandi.
ATASP got down to the rural areas of the country and provided the right facilities instead of disbursing money like ABP. It was more effective especially in the areas of cassava, wheat, sorghum and rice. You can go to most rural areas of the states that partook in ATASP and you'll find the infrastructure still standing till today but you can't point at one thing that ABP achieved in the farming communities.
Learn to read and understand. I said genuine farmers got just 45k. Is it 45k you're complaining about that they're not paying back?! Most of the monies ended up in the hands of non-farmers. Quote me well. Most of the monies. Most of the money did not go into farming. That's what I'm pointing out to you. If a farmer gets 45k and an APC LG youth leader got 300k, is the program working as it's supposed to?
That you think farmers will get money to farm and embezzle it shows you don't know how farming works in Nigeria. Most of those who embezzled or diverted the money are not farmers. If I start to tell you how farmers ordinarily get money to farm every farming season in Nigeria, you'll know there's no way any genuine farmer will get that money and not put it into farming.

LegendHero:


Stop capping. Niger state alone is not Nigeria. You can be in Maiduguri or Abakaliki, no one cares about that.

What I showed you is korokoro video that we are seeing. That it failed in the locality you are in Niger does not imply someone else don’t get it in Ogun.

I don’t need to google ATASP, it’s none of my business and it does not address what we are discussing on here.

You want me to discard the info from frontline newspaper and videos to listen to you because you live in Edozhigi Niger to work with farmers? How is that my business?

I can as well just tell you that I work with farmer in Ado Ekiti and 5000 of them got it. How do you corroborate my fact? That’s why I usually use newspaper /videos for my sources, so there won’t be doubt.

That's your business. You think I'm here to impress you? Did your even read the newspaper link you pasted? No!! If you did, your won't be arguing that most of the money went to farmers because the link clearly spells the opposite.
It's obvious you don't know anything about farming. You can believe your videos since they match with your agenda of what you want to hear. The truth is thick though. A million videos can't change the reality of ABP. Sit down in the US and be scouting the internet for videos. If it doesn't sound ridiculous to you, I don't know what else will.
Sebi video will farm and harvest during wet and dry season.
Video

mrvitalis:
I don't know what metrics he is using but for me naira is over valued at 1300

If I were president I would devalue to #1700 then aggressively defend it there as I would have the liquidity to do so

Key thing is we need to identify key areas we have global comparative advantage.. ( what we can produce cheaper than most part of the world or what we have the potential to produce cheaper than most of the world) and heavily provide credit facility to this sectors

Driving export, increasing for example earnings

If we remove the subsidy on electricity and invest 700bn as loans to bank at 3% interest rate to be given to only players in the cassavacassava/ sweet potato to ethanol industry... I believe we can catapult that industry to a multi billion dollars industry creating millions of jobs and getting our investment in 10 years max

Wait oo, after devaluing to 1700 then you will start defending it again what exactly will you be depending.

Kukutente23:

That's your business. You think I'm here to impress you? Did your even read the newspaper link you pasted? No!! If you did, your won't be arguing that most of the money went to farmers because the link clearly spells the opposite.
It's obvious you don't know anything about farming. You can believe your videos since they match with your agenda of what you want to hear. The truth is thick though. A million videos can't change the reality of ABP. Sit down in the US and be scouting the internet for videos. If it doesn't sound ridiculous to you, I don't know what else will.
Sebi video will farm and harvest during wet and dry season.
Video

I might dey where I dey and still have more info you know. Wetin dey the Niger wey you go with your farmers? Na Niger be whole Nigeria?

I might as well just make up bull stories of how I know 200 farmers that got the loan. If a video we are both seeing can’t be accepted as a source of truth, she na your one man location for Niger we go come use as the sample size for the whole Nigeria?

You probably think you’re arguing with a primary 2 kid here.

"He said Nigeria has had over three decades of deficit budget" Well FYI the last time the USA had a balanced budget was in 1996. So running a deficit might not be the root cause of why Naira is undervalued. The root cause is very easy removing monetary support for the naira played a major role. When an entity like JP Morgan advocates for the free float of your currency and the same entity has been taking a short position against the Naira something ain't kosher (Yiddish for not right). Japan supported the yen to the tune of $10B last Quarter of 2023, but a country like Nigeria does not support its currency go figure out the logic behind that reasoning. The US treasury supports the dollar indirectly by increasing the yield on the treasury bond. This forces major FX institutions to pour money into the Treasury by buying US treasury bonds which let's face is an IOU. I predict by March the US treasury will be cutting the yield rate by 0.25% by March. Why March because April 15 is the tax filing date when the population has to pay their taxes. More money coming into Treasury meaning no need for outside funding.

Kukutente23:

Stop self-deceit. You're not APC yet you're one of the loudest supporter of APC and you've ported from defending Buhari to Tinubu. Is Buhari a Yoruba man?
You've left Nigeria a decade ago and you're arguing with someone in Nigeria and accusing me of sitting down on nairaland. I don't even know how that makes sense to you. If you're not conversant with what's going on within the country, why are you arguing with someone who is there if not that you're already sold out on a party agenda. Is ABP a Yoruba agenda? I don't know what you mean by Yoruba Patriot when you don't even stay in the Yorubaland. Neither are you familiar with the challenges apart from fighting tribal wars with Igbos. Your patriotism is more of a caricature. I don't think you're of better outlook than Kanu of IPOB if that's your modus operandi.
ATASP got down to the rural areas of the country and provided the right facilities instead of disbursing money like ABP. It was more effective especially in the areas of cassava, wheat, sorghum and rice. You can go to most rural areas of the states that partook in ATASP and you'll find the infrastructure still standing till today but you can't point at one thing that ABP achieved in the farming communities.
Learn to read and understand. I said genuine farmers got just 45k. Is it 45k you're complaining about that they're not paying back?! Most of the monies ended up in the hands of non-farmers. Quote me well. Most of the monies. Most of the money did not go into farming. That's what I'm pointing out to you. If a farmer gets 45k and an APC LG youth leader got 300k, is the program working as it's supposed to?
That you think farmers will get money to farm and embezzle it shows you don't know how farming works in Nigeria. Most of those who embezzled or diverted the money are not farmers. If I start to tell you how farmers ordinarily get money to farm every farming season in Nigeria, you'll know there's no way any genuine farmer will get that money and not put it into farming.

Lol bold of you to think I don’t frequent back Naija. The joke is on you.

I can be a patriot from anywhere, if I like I can be in Brazil so far I contribute to Yoruba progress either in my immediate locality or the larger family.

Don’t compare me to that lewnatic Kanu abeg, that one is a terrorist. I don’t think I’ve sponsored your killing yet so equating me to terrorists shows the level of your intellect.

Stop saying nonsense. How can all farmers get 45k each? Is it for ewa and dodo? That you know a farmer that got 45k in the village in Niger you went does not imply everyone got 45k. That is the nonsense I’m arguing against.

In your bid to condemn the government which you have the right to, you are showcasing your naivety or let me say your willful ignorance.

Below is one farmer for example. You can clearly see a check of 210k and at that event you have lot of farmers there. State governors are not Buhari so I don’t know the rubbish you’re talking about.

FreeStuffsNG:
His words, “The naira is undervalued by 33.58 percent at the parallel market rate of N1,285 per dollar and 4.16 percent at the NAFEM rate of N890.54 percent.”


He shut down the opinion of some analysts that the country needs to spend less, arguing that what the nation needs to do is to spend efficiently and not less.

Brilliant economic analysis by Mr Bismarck Rewane that many will still fail or struggle to comprehend. Smh.

Keep your naira! Naira is currently undervalued. If you exchange your naira for a USD, you are actually exchanging your wealth for poverty by overpaying for the overvalued US dollar.

Expect a boon in the economy and a massive leap in our national aggregate output. Subsidy removal alone will fetch us about N4 Trillion while free float of the naira fetches Nigeria another N4 trillion, this total N8 trillion would have been converted to US dollars and exported overseas but for the brilliant and patriotic leadership of President Bola Ahmed Tinubu.
May God bless Nigeria for ever! Check my signature for free stuffs!

,


I talk am.
Na you go be the number 1 applauder👏 on this kind topic.
Wish you can tell me how much your are been paid to always paint the wrong doings of this government as right.
Smh.

mrvitalis:

Anyone can claim aby qualifications on a Faceless forum... So I won't bother

Her analysis were based on government provided data

Taking into consideration the rampant printing of naira from thin air, reduced earnings

You can plot the graph easily and extrapolate my figure it's not hard

But it's an opinion n that's it can ever be

Printing of money is never a problem if you know your onion, money is just an instrument. you all should throw away all those wack economic theory. America,China are printing trilliions yet their inflation rate are well under double digit.
Our leaders should use their common sense or go to onitsha business school n get a crash course on buying n selling first. Trying n error is not gonna work

LegendHero:


Stop capping. Niger state alone is not Nigeria. You can be in Maiduguri or Abakaliki, no one cares about that.

What I showed you is korokoro video that we are seeing. That it failed in the locality you are in Niger does not imply someone else don’t get it in Ogun.

I don’t need to google ATASP, it’s none of my business and it does not address what we are discussing on here.

You want me to discard the info from frontline newspaper and videos to listen to you because you live in Edozhigi Niger to work with farmers? How is that my business?

I can as well just tell you that I work with farmer in Ado Ekiti and 5000 of them got it. How do you corroborate my fact? That’s why I usually use newspaper /videos for my sources, so there won’t be doubt.

Let's get it straight. The two videos you posted and making it look as if you covered all of Nigeria is from TVC, a propaganda station of APC and owned by the current president.
Secondly, the Kwara video is showing fertilizer sale to farmers at discount. Simple question. If ABP is selling fertilizers at discount, how exactly will that particular money be recovered since it's not a loan or ate they expecting the farmers to pay back the discount after farming? Again, how can sale of fertilizers which farmers actually got for free under ATASP be a good thing to brag about? The Bayelsa own is the funniest. So you actually believe all those seated in that hall are fish farmers in Bayelsa according to the video? You're really a joke
You're not even watching the videos!! You're just dumping them and arguing aimlessly on what you know nothing about. TVC for that matter!! And you claim to be a Yoruba Patriot whatever that means.
If you have worked with 5000 farmers in Ado Ekiti who got the money and refuse to refund it, forward their names to the authorities. That's what Patriots do instead it's brandishing empty videos about.
You use videos and newspaper as your sources because you're not on ground not so to eliminate all doubt. If you want to eliminate doubts, you'll use a better source than TVC for your videos.

LegendHero:


I might dey where I dey and still have more info you know. Wetin dey the Niger wey you go with your farmers? Na Niger be whole Nigeria?

I might as well just make up bull stories of how I know 200 farmers that got the loan. If a video we are both seeing can’t be accepted as a source of truth, she na your one man location for Niger we go come use as the sample size for the whole Nigeria?

You probably think you’re arguing with a primary 2 kid here.

Oga your videos did not show anyone getting any loan. Go back and watch them. At least I'm the communities I worked with in Niger, I know people who got the loan. You don't know anyone. You're just relying on videos you didn't even bother to watch. You just googled Anchor Borrower Program and started posting videos that came out. You're a joke.

Artscollection:


Printing of money is never a problem if you know your onion, money is just an instrument. you all should throw away all those wack economic theory. America,China are printing trilliions yet their inflation rate are well under double digit.
Our leaders should use their common sense or go to onitsha business school n get a crash course on buying n selling first. Trying n error is not gonna work

America can print dollars because there is demand for it .... Naira is a secondary money to start with

You obviously don't know economics

We should throw away policies that made the biggest economies in the world

Artscollection:


Wait oo, after devaluing to 1700 then you will start defending it again what exactly will you be depending.

If you continue like this naira would get to #2500 before 2027

Currency is all about confidence, it really doesn't matter what you exchange at... Let just be stable

If I keep 50000 naira in a bank for 6 months and come back and it's worth 30000 naira worth of dollars... I would not want to save in naira again... I would look for dollars to save this drives deman in dollars which in turns makes the naira more unstable ... The circle keeps repeating itself


But if 50000 is worth 50000 with of dollars after 6 months... I can trust naira to save with it, which reduces the demand for dollars with stabilize the naira

So pick a point u can defend and defend it well for 18 months

Kukutente23:

Oga your videos did not show anyone getting any loan. Go back and watch them. At least I'm the communities I worked with in Niger, I know people who got the loan. You don't know anyone. You're just relying on videos you didn't even bother to watch. You just googled Anchor Borrower Program and started posting videos that came out. You're a joke.

What is the population of Nigeria and why should we believe you instead of frontline media.

Does your sample size in Niger village you stayed represent the whole Nigeria? This argument is even nauseating.

LegendHero:


Lol bold of you to think I don’t frequent back Naija. The joke is on you.

I can be a patriot from anywhere, if I like I can be in Brazil so far I contribute to Yoruba progress either in my immediate locality or the larger family.

Don’t compare me to that lewnatic Kanu abeg, that one is a terrorist. I don’t think I’ve sponsored your killing yet so equating me to terrorists shows the level of your intellect.

Stop saying nonsense. How can all farmers get 45k each? Is it for ewa and dodo? That you know a farmer that got 45k in the village in Niger you went does not imply everyone got 45k. That is the nonsense I’m arguing against.

In your bid to condemn the government which you have the right to, you are showcasing your naivety or let me say your willful ignorance.

Below is one farmer for example. You can clearly see a check of 210k and at that event you have lot of farmers there. State governors are not Buhari so I don’t know the rubbish you’re talking about.

The funny thing is you're showing a picture of a lady holding a dud cheque of 210k as evidence that all the farmers in Ogun got money under ABP but your think my one man in one locality is not enough to prove my claim. You see how irrational you are?
That cheque does not show she's a farmer and the cheque is showing wema bank not NIRSAL through whom ABP was disbursed. But you believe it anyway since you got it on Twitter. You're a joke abeg. Where are the lots of farmers? How many are they? You're simply doin propaganda.
I'm telling you what farmers got and you're showing me pictures. Does that woman even look like a farmer? You think most farmers in Nigeria are educated? Oga shift and stop typing nonsense. ABP's main focus was rice. Even your Lagos had to link with Kebbi for Lake rice. Since Dapo Abiodun had empowered Ogun farmers, why didn't Lagos link up with them but had to go all the way to Kebbi?
Farmers in Niger got 45k. You can call it money for akara that's your business. Go back and read your link that's mostly about Kebbi farmers and get the right info instead of fishing for rubbish tales on the internet. E-farmer.
When next you visit Nigeria, go to Bayelsa and ask for the fish farmers who benefitted from ABP.
Kanu sees himself as an Igbo Patriot
He spreads propaganda on the internet
Your see yourself as a Yoruba Patriot
You spread propaganda on the Internet
What's the difference?

LegendHero:


What is the population of Nigeria and why should we believe you instead of frontline media.

Does your sample size in Niger village you stayed represent the whole Nigeria? This argument is even nauseating.

1. Your frontline media is a well known propaganda machine of APC. No sane Nigerian will argue that not even the most deluded APC supporter and since you claim you don't support APC I expect you to be more rational.
2. None of your videos show loan disbursement to farmers. We're talking about loan disbursement you're posting video of fertilizer sales and fish farming lecture
3. ABP was done throughout Nigeria by Central bank and their main claim of success was in rice not fish. Neither Ogun nor Kwara nor Bayelsa can lay claim to being a major rice producing state unlike Niger. I worked directly with farmers for two years. Your premium times link actually corroborated my claims. You can't read it because you're only after lies. These are excerpts from your premium times link

Interestingly, the All Farmers’ Association of Nigeria (AFAN) seemed to tilt towards the IMF when, in December 2022, it said the CBN was having difficulties recovering the loans because most beneficiaries of the ABP were not Nigerian farmers.

PREMIUM TIMES understands that many people who collected the loan invested in other projects outside farming which is why it is difficult to ensure repayment. Some farmers told PREMIUM TIMES that some of the beneficiaries of the loan are not ‘real farmers’ and they did not understand the farming business.

Abdullahi Argungu, a farmer and retired civil servant in the state, said the programme was politicised.

“You are well aware that most of the beneficiaries who got the loans were not farmers. The programme was politicised. You can ask people in communities where they disbursed the loans for confirmation,” he said.

“I have more than 300 hectares of farmland but I didn’t get any support from the government. They don’t like us to say it but that programme was abused seriously,” he added.

This point was corroborated by Yunusa Yabwa, the national secretary of the All Farmers Association of Nigeria (AFAN), when he told Businessday that the loans under ABP were not disbursed adequately, hence the difficulty in ensuring repayment.

“The Anchor Borrowers Programme was abused and it did not meet expectations to boost food production. Many people collected the loan to invest in other projects, not farming,” he said.

Kukutente23:

The funny thing is you're showing a picture of a lady holding a dud cheque of 210k as evidence that all the farmers in Ogun got money under ABP but your think my one man in one locality is not enough to prove my claim. You see how irrational you are?
That cheque does not show she's a farmer and the cheque is showing wema bank not NIRSAL through whom ABP was disbursed. But you believe it anyway since you got it on Twitter. You're a joke abeg. Where are the lots of farmers? How many are they? You're simply doin propaganda.
I'm telling you what farmers got and you're showing me pictures. Does that woman even look like a farmer? You think most farmers in Nigeria are educated? Oga shift and stop typing nonsense. ABP's main focus was rice. Even your Lagos had to link with Kebbi for Lake rice. Since Dapo Abiodun had empowered Ogun farmers, why didn't Lagos link up with them but had to go all the way to Kebbi?
Farmers in Niger got 45k. You can call it money for akara that's your business. Go back and read your link that's mostly about Kebbi farmers and get the right info instead of fishing for rubbish tales on the internet. E-farmer.
When next you visit Nigeria, go to Bayelsa and ask for the fish farmers who benefitted from ABP.
Kanu sees himself as an Igbo Patriot
He spreads propaganda on the internet
Your see yourself as a Yoruba Patriot
You spread propaganda on the Internet
What's the difference?

You are affecting my brain cell.

Check the below? What did Dapo call it? Anchor Borrowers program disbursed by the CBN.

Who told you it was only the woman that got the cheque? Would he have snapped with all more than 2000 farmers that got it in one Tweet?

It’s just a case of me presenting proof while you have no proof for the jargons you’ve been spewing.

Okay show me evidence of the farmer(s) that got 45k you are talking about. I’m waiting.

LegendHero:


You are affecting my brain cell.

Check the below? What did Dapo call it? Anchor Borrowers program disbursed by the CBN.

Who told you it was only the woman that got the cheque? Would he have snapped with all more than 2000 farmers that got it in one Tweet?

It’s just a case of me presenting proof while you have no proof for the jargons you’ve been spewing.

Okay show me evidence of the farmer(s) that got 45k you are talking about. I’m waiting.

Dapo Abiodun is a well known failure of a gov. He claimed cenbank disbursed the money yet he's holding a wema back cheque and giving to a woman. Is he a CBN official? Is Wema bank doing ABP? Anyone who knows anything at all knows ABP was disbursed through NIRSAL and not commercial banks. Or have you heard any commercial back being hounded in relation with ABP?
He should have snapped with all 2000. He's a politician. That's what they do.
I already gave you excerpts from your own link to corroborate my point. And it's from Kebbi not even Niger. Go back and read
Online frontline source seeker. You're a joke dude. And your brain cells need an upgrade.

Kukutente23:

Dapo Abiodun is a well known failure of a gov. He claimed cenbank disbursed the money yet he's holding a wema back cheque and giving to a woman. Is he a CBN official? Is Wema bank doing ABP? Anyone who knows anything at all knows ABP was disbursed through NIRSAL and not commercial banks. Or have you heard any commercial back being hounded in relation with ABP?
He should have snapped with all 2000. He's a politician. That's what they do.
I already gave you excerpts from your own link to corroborate my point. And it's from Kebbi not even Niger. Go back and read
Online frontline source seeker. You're a joke dude. And your brain cells need an upgrade.

The excerpt from the link that claim some of the borrowers are not farmers is normal as with most loan disbursed by the Nigerian government and even private enterprise. That is not negating my fact here that genuine farmers also got the money.

Even for my MFB I co-own, you have people that genuinely come to us as traders who lie to borrow loan only to use the loan on something else. It is a Nigerian problem. Even with all the vetting, people will still go ahead and do them either ways.

Below screenshots are genuine farmers that got it from the premium times report.

That is the crux of our argument. Even within those links, you can see some genuine farmer still got it and some of them wasted it.

You are the one that initially came here to say genuine farmers only got 45k and what I simply asked is for you to provide evidence of that. You said you were with some farmers in Edozhigi Niger right? Can you provide the proof that they got 45k?

I am waiting.

Never trust anything Bismarck Rewane says, he isa an APC economist and nothing more. His type is only good at generating fake data.

RingRoadCartel:
What this APC guy does is.. he brings some potentially controversial threads here and makes sure to comment first in order to control the discourse. He's doing it before another person will do it so that people don't get to express their views freely without first corrupting them with his own.

Notice how he didn't mention where he got those stats he was just pulling out of his ass? Notice how he said that we will save trillions in naira, but declined to mention how his oga uses billions of our money to buy dollars that he will use in lodging in luxury hotels + other miscellaneous? Its only you and I that are told to make sacrifices, no part of Tinubus governments involvement in that sacrifice was mentioned.

When you see the way he throws around numbers, you'd think that that is actually how it'll play out. What Nigerians should understand is that spin doctors are just that. They're not economists. Their job is to control public perception. They know they're quoting jargons, but if you know the truth, they won't get paid. They get paid to convince you that you're privileged to suffer.

I wish I could like your post 1000 times, You know their game. The OP thinks everyone is stupid

On point, this is what Japan does and China, that has the west screening currency manipulation. If I were president I would devalue the Naira. This will discourage imports and encourage exports closing trade gaps.
Secondly low cost of Labour will see an influx of FDI.

mrvitalis:
I don't know what metrics he is using but for me naira is over valued at 1300

If I were president I would devalue to #1700 then aggressively defend it there as I would have the liquidity to do so

Key thing is we need to identify key areas we have global comparative advantage.. ( what we can produce cheaper than most part of the world or what we have the potential to produce cheaper than most of the world) and heavily provide credit facility to this sectors

Driving export, increasing for example earnings

If we remove the subsidy on electricity and invest 700bn as loans to bank at 3% interest rate to be given to only players in the cassavacassava/ sweet potato to ethanol industry... I believe we can catapult that industry to a multi billion dollars industry creating millions of jobs and getting our investment in 10 years max