Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,894 members, 7,814,020 topics. Date: Wednesday, 01 May 2024 at 01:32 AM

Peter Obi And The Economy - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Peter Obi And The Economy (223 Views)

Reno Omokri Meets With Peter Obi And Senator Ben Bruce / Kwankwaso Meets With Peter Obi And Atiku In Abuja (Photos) / In Spite Of Difficulty, President Buhari Has Been Growing The Economy - Osinbajo (2) (3) (4)

(1) (Reply) (Go Down)

Peter Obi And The Economy by sarris(m): 10:11am On Aug 30, 2022
*PETER OBI HOLDS THE KEY�️*

Written by Ayodeji Oyewumi

My support for PO is mainly from an economic growth potential than any primordial sentiment.

Nigeria is BROKE & by extension 89million Nigerians are 'very' poor while 53millions are "on God".

So how does PO holds the �️ to unlock wealth?

Pls walk with me

To start with, let's explore the strategy the two APC & PDP candidate intends using to generate the much needed revenue for the country;

1.) BAT - His strategy is simple, more LOANS & TAXES.

2.) Atiku - His strategy is equally simple; more LOANS & PRIVATIZATION.

Make no mistake, their strategies arent bad. Its conventional for countries to take up loans, increase tax net or sell off assets that are poorly managed

However, i believe this is not the best for us right now.

Looking at our current realities, these strategies are ephemera

So let's look at Peter Obi's trifecta strategy to generating revenue aside tax;

1.) Cut down on cost of governance
2.) Loans
3.) Foreign Direct Investment

The first is pretty straight forward.

PO did that as a governor & has constantly being speaking about this.

Loans? Yes loan!

The difference however is that unlike what APC has been doing, PO will borrow for INVESTMENTS that generates WEALTH.

With a current public debt of 41.6 trillion naira, Nigerians shouldn't be this poor. Never!!!

My focus, will be on the third strategy.

Our Foreign Direct Investment (FDI) in 2021 was estimated at 698.8 million USD. The worst since 1999.

In contrast to our FDI, is our Diaspora Remittance (DR). In 2021, 19.2 billion USD was sent home

So while others focus only on gains from export, PO will leverage on DR

So how will PO unlock DR to boost our economy?

The 19.2 billion USD DR however had little impact on our economy because it's money sent home by Nigerians to solve "welfare economics" as @olakunlesoriyan called it during @theplatformng earlier in the year.

Welfare Economics is money for basic needs like; clothing, food, rent etc

Now, this is where it becomes interesting, it's estimated that this remittance is roughly 5% of the income of Nigerians in the diaspora

In other words, about 95% is still sitting dock in the host country.

So how can we make Nigerians in the diaspora repatriate an EXTRA 15% of their income - 57.6 billion USD - home (aside the 5% already being sent) which will be used to fund investments in Nigeria that create wealth?

The answer is SOCIAL CAPITAL TRUST!

Without a doubt, Social Capital Trust is what PO has in abundance.

This is one thing BATified & Atikulated wish they have. It's something money can't buy.

I find it so laughable that anyone will think PO's current trip to Europe , Canada & USA is to beg for votes.

Billions have been spent so far by Nigerians for his campaign just cos they trust him

So Nigeria can solve her current's economic woes through the social capital trust PO has, which can help us generate over 57 billion USD (equity or debt) from diaspora investment to Nigeria

Permit me to end by saying;

Nigeria need Peter Obi more than He needs Nigeria.

So tell everyone you know who is bothered about the future of Nigeria, to vote Peter Obi.

God bless

©️ copied
Re: Peter Obi And The Economy by PresidObi: 10:11am On Aug 30, 2022
Good one
Re: Peter Obi And The Economy by rayoshiny: 10:12am On Aug 30, 2022
Good
Re: Peter Obi And The Economy by Nobody: 10:13am On Aug 30, 2022
He is really the chosen one.

1 Like 1 Share

Re: Peter Obi And The Economy by sarris(m): 10:16am On Aug 30, 2022
Even if you don't like the man because of his tribe or religion, you should like him because of the economy. Of all 3 aspirants, half of Nigeria will agree that PO have the best economy plan.

He has always be shouting about cost of governance, you will agree with that is one of our biggest problem.

For the sake of Nigeria lets give him a chance.

1 Like

Re: Peter Obi And The Economy by Moh247: 10:25am On Aug 30, 2022
Question one, where and when did Tinubu told anyone he would get more loans according to LIEPOB

Tinubu works on the principles of Public Private Partnership and allow his Lagos project are PPP funded
Re: Peter Obi And The Economy by toneroforever(m): 11:08am On Aug 30, 2022
PO is sound & he has a good understanding of the economy. He will definitely help Nigeria bounce back. APC truly dealt with this country.
Re: Peter Obi And The Economy by sarris(m): 11:19am On Aug 30, 2022
Moh247:
Question one, where and when did Tinubu told anyone he would get more loans according to LIEPOB

Tinubu works on the principles of Public Private Partnership and allow his Lagos project are PPP funded

Where did he tell you he will get the money from to fund the budget

1 Like

(1) (Reply)

Appeal Court Overrules N20bn Damages Against DSS On Sunday Igboho / Apostle Omotosho Gives Fresh Prophetic Alert On Presidential Aspirants, Others / Opinion: Why Is Wike Angry, Does He Have Right To Be?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 14
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.