thebosstrevor1:


So are loans not redirect into infrastructures.

Loans sponsored the airports, power plants, railways, repairs of roads that the present government is carrying out.

Nigerians need social intervention, without social intervention many people will be sent down the poverty line, i believe there is nothing bad in that.

On the issue of cutting cost of the national assembly, i think it is easier to write on paper about cutting cost but in reality, the house aren't earning much as claimed by the press. Many of the money people claim they receive they don't have access to them, most of these money are meant for projects in their communities, so how then do you expect the people to be represented
on the federal level

Simple question, can loans used to fund the present railway repay back itself?

dejol88:

Simple question, can loans used to fund the present railway repay back itself?

No.

You can see that government is taxing the working class so that they can pay back the loans, even though it is ridiculously high, that is the only option in a country that produces nothing

thebosstrevor1:


No.

You can see that government is taxing the working class so that they can pay back the loans, even though it is ridiculously high, that is the only option in a country that produces nothing

Since it can’t payback itself , isn’t such policy stupid? The government now resort to over taxing thereby placing enormous burden on her citizens. Even the tax collected can’t pay back this loan and would require FG to take from little earnings from oil to meet loan obligations.

If the government had prioritise borrowing on infrastructure that can pay back itself , that would have made sense. This government is not thinking at all. My Chinese friend once told me that Nigeria government is stupid, and I agree totally.

dejol88:


Since it can’t payback itself , isn’t such policy stupid? The government now resort to over taxing thereby placing enormous burden on her citizens. Even the tax collected can’t pay back this loan and would require FG to take from little earnings from oil to meet loan obligations.

If the government had prioritise borrowing on infrastructure that can pay back itself , that would have made sense. This government is not thinking at all. My Chinese friend once told me that Nigeria government is stupid, and I agree totally.

You too much, running a country is like running a business, let's use car parts business as example, some parts in cars are easily affordable let's call them A and their failure rate is high but are sold with marginal gain, thus you need to sell more of it before your gain becomes reasonable, the other parts are few let's call them B but their failure rate is low, therefore demand for this parts are iow but are sold with substantial gain, so what I noticed was that dealers stocked the parts A more cause of the demand, by doing this the generate a high amount of turnover and before you know it their capital becomes huge, parts B sales comes once in a while and even though you make huge gain selling one, you only use it to hold onto customers and prove the depth of your stock. A biginner who starts with parts B hardly succeeds, and ends borrowing money to even feed, but your chances of making it with parts A is high, Buhari and Apc started with parts B, gigantic mega projects with no fund to back it up, yes there's gain in it when finished but starting with small, small investment on human resources, investment in agriculture backed up by small scale industries that ultimately transforms into huge industries ie parts A yield small, small gain that coalesce to build gigantic infrastructures ie parts B, this way is easier because in other to climb an upstair you follow small, small steps, you don't jump to the top floor it's a very difficult task to accomplish no matter your strength.

dejol88:


Since it can’t payback itself , isn’t such policy stupid? The government now resort to over taxing thereby placing enormous burden on her citizens. Even the tax collected can’t pay back this loan and would require FG to take from little earnings from oil to meet loan obligations.

If the government had prioritise borrowing on infrastructure that can pay back itself , that would have made sense. This government is not thinking at all. My Chinese friend once told me that Nigeria government is stupid, and I agree totally.

Loan itself cant pay back on its own except you use it to build infrastructures that will yield income.

Many of the loan gotten from china are being used to build infrastructures that yeild income.

For instance, building railways and power plants are capital intensive. Imagine you after building these infrastructures, the consumers want it free or they try to short change everyone on the distribution channel, how then do the government expect to generate the revenue needed to pay back the loans.

I believe your chinese friend does not understand government, Nigerian government is not stupid to borrow loans for infrastructures, the country need infrastructure, where will it get these money to build infrastructures, if not loans, where?

Achilles881:



You too much, running a country is like running a business, let's use car parts business as example, some parts in cars are easily affordable let's call them A and their failure rate is high but are sold with marginal gain, thus you need to sell more of it before your gain becomes reasonable, the other parts are few let's call them B but their failure rate is low, therefore demand for this parts are iow but are sold with substantial gain, so what I noticed was that dealers stocked the parts A more cause of the demand, by doing this the generate a high amount of turnover and before you know it their capital becomes huge, parts B sales comes once in a while and even though you make huge gain selling one, you only use it to hold onto customers and prove the depth of your stock. A biginner who starts with parts B hardly succeeds, and ends borrowing money to even feed, but your chances of making it with parts A is high, Buhari and Apc started with parts B, gigantic mega projects with no fund to back it up, yes there's gain in it when finished but starting with small, small investment on human resources, investment in agriculture backed up by small scale industries that ultimately transforms into huge industries ie parts A yield small, small gain that coalesce to build gigantic infrastructures ie parts B, this way is easier because in other to climb an upstair you follow small, small steps, you don't jump to the top floor it's a very difficult task to accomplish no matter your strength.

Running a business is different from running a government

Achilles881:



You too much, running a country is like running a business, let's use car parts business as example, some parts in cars are easily affordable let's call them A and their failure rate is high but are sold with marginal gain, thus you need to sell more of it before your gain becomes reasonable, the other parts are few let's call them B but their failure rate is low, therefore demand for this parts are iow but are sold with substantial gain, so what I noticed was that dealers stocked the parts A more cause of the demand, by doing this the generate a high amount of turnover and before you know it their capital becomes huge, parts B sales comes once in a while and even though you make huge gain selling one, you only use it to hold onto customers and prove the depth of your stock. A biginner who starts with parts B hardly succeeds, and ends borrowing money to even feed, but your chances of making it with parts A is high, Buhari and Apc started with parts B, gigantic mega projects with no fund to back it up, yes there's gain in it when finished but starting with small, small investment on human resources, investment in agriculture backed up by small scale industries that ultimately transforms into huge industries ie parts A yield small, small gain that coalesce to build gigantic infrastructures ie parts B, this way is easier because in other to climb an upstair you follow small, small steps, you don't jump to the top floor it's a very difficult task to accomplish no matter your strength.

May God bless you.

No better way to explain it, thanks

thebosstrevor1:


Running a business is different from running a government

It's not, give us proves not just statement.

In as much as every Nigerian politician is a corruption personified buh even if you don't like a candidate,is okay buh bringing up unnecessary argument to robe a negativity gum on the candidate is uncalled for.
Goodluck Jonathan saved nothing and you guys roasted him on why he didn't save and now,you see someone that promised to change many things positively and still save and you're still fighting him on why he will save.
Buhari government that have borrowed more than 30 trillion naira in the space of 7 years,what have they done with the money rather than to share..(if they had invested the money in many aspect of Nigerian developments, you think Nigeria and Nigerians will still be like this huh?)..you guys talk as if you don't know the mess this government has brought to Nigeria,maybe you're blinded by tribe or religion buh it will soon clear from the eyes of everyone.
One demented dimwit even asked how he saved #75billion naira when Anambra budget is below #50billion naira and these are the kind of people I share the same country with.
Just in the name of hatred,you're sounding so repulsive,myopically dumb and illiteracy written all over your write up.(the mudus operadi of the Nigerian politicians have made the silly tribalist cankerworm not to think outside the box,thinking that it can never be possible because the politicians are lazy,wicked,selfish and corrupt and they would prefer to cash out on oil money instead to look their surroundings and create some wealth from there.
Besides, stopping some unnecessary spending,extravagant lifestyles and embezzlements will even guarantee you enough savings even,not to talk of many possible means of wealth creations within your space).
Personally,it will never be well with Nigerian politicians,just look at the way they've succeeded in rendering the brains of many Nigerian youths useless(even the so called educated graduates) that they prefer evil to good,death to life,extravagance to prudence, corruption to integrity,incompetence to competence,selfishness to selflessness,destruction to construction and wastefulness to accountability.
Once you hate someone,there's nothing good that will interest you about that particular person and some of the guys here looking for fault from Peter Obi not necessary means that they hate Peter Obi personal,nope buh the problem is the tribe he comes from and that's the fact...
Educated and well-travelled people knows the best and what's obtainable in other countries all over the world and they are aligning with the person buh you would see some damaged youths fighting them,just to keep their grandfather in the seat to continue mortgaging their future and that of their generations..
Honestly,many of Nigeria youths are irredeemable(Stockholm syndrome in display) and it can take only the special grace of God for the scales to fall off their eyes buh till then,keep on enjoying your calamity of a government..
I never stooped too low and I will not stoop too low to give a feedback to any foolish slavish backward ape that's going to quote me...
Finally,even if you hate yourself so much buh please,still have pity on the poor masses,the downtrodden, the less priveledged and even the well meaning Nigerians because your tribal,religious, selfish and wicked decisions today,may likely affect them negatively tomorrow.
I rest my case...Gracias!!!!

thebosstrevor1:


All the chinese loans buhari built are all into infrastructures, it is obvious that Nigeria does not have enough revenue to run its economy because there is no production.

Oh my God, young man this is so demonic thing to say. You borrow money to build infrastructures? Where will you get the money to pay back?

As a person, would you borrow money to buy cushions, kitchen utensils and electronic gadgets just to make your house beautiful? Will those things generate any money for you to repay the loan?

Countries that work borrow money and put into projects that would directly pay back the loan and that's what is meant to be.

You borrow money to cultivate rice, you have to generate money from rice to pay back the loan.

You borrow money to construct roads you have to generate money from that road to pay the loan which is most definitely impossible.

What you do is, borrow money and put it into production, use the money generated to repay the loan and use the rest on building roads.

But in Nigeria, we borrow money to pay salaries and pensions

Achilles881:


It's not, give us proves not just statement.

Does a business do election

Does a business have civil servants working in different ministries

Does a business have embassies all over the world

Does a business have president and ministers

Does a business have a military

Does a business collect tax

Does a business have states and governors

Does a business have federal and state house of assembly and rep

Does a business have local government scattered all over the country


So how is running a business the same as running a government

MajohBankz:



Oh my God, young man this is so demonic thing to say. You borrow money to build infrastructures? Where will you get the money to pay back?

As a person, would you borrow money to buy cushions, kitchen utensils and electronic gadgets just to make your house beautiful? Will those things generate any money for you to repay the loan?

Countries that work borrow money and put into projects that would directly pay back the loan and that's what is meant to be.

You borrow money to cultivate rice, you have to generate money from rice to pay back the loan.

You borrow money to construct roads you have to generate money from that road to pay the loan which is most definitely impossible.

What you do is, borrow money and put it into production, use the money generated to repay the loan and use the rest on building roads.

But in Nigeria, we borrow money to pay salaries and pensions

Maybe you have not been reading the news lately.

How then did the railways, airport, seaports came about

thebosstrevor1:



Maybe you have not been reading the news lately.

How then did the railways, airport, seaports came about

Railways yes, what airport and seaports?
Which of the seaports?

thebosstrevor1:


Does a business do election

Does a business have civil servants working in different ministries

Does a business have embassies all over the world

Does a business have president and ministers

Does a business have a military

Does a business collect tax

Does a business have states and governors

Does a business have federal and state house of assembly and rep

Does a business have local government scattered all over the country


So how is running a business the same as running a government

All you said are in business, running government itself is business.

Election; yes during board meeting's

Workers; yes just like in civil service, administrative, sales, human relations, welfare, health, insurance, auditing, legal, engineering department etc are all operated in business

Embassies; branches, outlets, international relations, branches, networks of distributors and sales representatives

President/ ministers; yes CEOs , president of co- operations, branch managers, supervisors, departmental heads

Military; yes security departments private security organizations, store keepers, security gadgets, hired security operatives, property protection etc.

Tax ; yes, companies do that and also help government to pay workers tax, the rest is used for pay off or pension depending on their mode of operations.

Federal/state house; yes, regional/ zonal managers, supervisors, sales, company representatives.

Local government; yes, branch supervisor, branch departmental heads.

The names can be different, but the job descriptions are similar, that's why it's better to elect verified successful business men who ran business institutions successfully as leaders, than career politicians whose sources of wealth are shrouded in secrecy.

thebosstrevor1:


If you thinking you don't need money to run government, then you are joker.

Cost of governance does not come cheap, being a president of Nigeria is different from being a governor of Anambra state, they are 2 different things.

How does he want to work with the various civil services, that means his tenure will be strike aka government shutdown from the start to the end

It is obvious no child will give you his or her Quantitative and Verbal Reasoning assignment to do. Ari brain fa.

thebosstrevor1:
Peter obi flies economy, peter obi has no escort, peter obi carries his bag by himself, this is why you should vote for Peter obi.

Peter Obi will save Nigeria from wastage because he will carry his bag by himself, his ministers will carry their own bags, he will fly economy, his ministers will fly economy, he won't have orderly, so his ministers won't have ordelies, therefore he will cut the cost of running government and save money for Nigeria.

Anybody selling this mantra, is wasting his time, Nigeria at this moment does not need someone that can save,Nigeria needs someone that can spend and increase consumption and production to make the economy works.

Pls, stop selling peter obi as a penny wise and pound folish candidate , it won't work for majority of Nigerians.

Stop selling peter obi as a man who is inefficient and wants to do everything cheap because he wants to cut cost, this literally will create lot of sub-Standard infrastructures and unfinished projects.

Nigerian need someone who can make things work not someone who will spend all his presidential power on saving money.

Yes you can.

When you have enough savings, you can actually invest wisely than a borrower who just came upon money. Why do you think Nigeria is this poor.

Compare borrowing nations to lending and saving nations.

It takes Nigeria a lot in paying her works because they rely on borrowing to pay. No reserve whatsoever. This has affected the workforce so much that the middle class has almost been wiped out

Achilles881:



All you said are in business, running government itself is business.

Election; yes during board meeting's

Workers; yes just like in civil service, administrative, sales, human relations, welfare, health, insurance, auditing, legal, engineering department etc are all operated in business

Embassies; branches, outlets, international relations, branches, networks of distributors and sales representatives

President/ ministers; yes CEOs , president of co- operations, branch managers, supervisors, departmental heads

Military; yes security departments private security organizations, store keepers, security gadgets, hired security operatives, property protection etc.

Tax ; yes, companies do that and also help government to pay workers tax, the rest is used for pay off or pension depending on their mode of operations.

Federal/state house; yes, regional/ zonal managers, supervisors, sales, company representatives.

Local government; yes, branch supervisor, branch departmental heads.

The names can be different, but the job descriptions are similar, that's why it's better to elect verified successful business men who ran business institutions successfully as leaders, than career politicians whose sources of wealth are shrouded in secrecy.

You don't know what you are writing about.

Nigeria isn't dangote cement

Nigeria isn't for profit making

helinues:


Explain to us so that we can learn cos government na buy and sell sector

That's why you need to go back to school and study economics
That's why you have production. When your state produces, you use 50bn to make 60bn, turn over 60bn and make 100bn.
Spend 25bn to run your government and and you get 75bn while your business are turning over more money for you.
Your politicians will borrow 100bn from another country and also spend out of the 50bn given to them, they give you 10,000 and you will be hailing them for doing well after they've mismanaged your govt funds, you will still elect them to do season 2 of their last embezzlement.