Medipharm:

You de deceive yourself, you will wait till eternity and nothing like that will happen. It shows even the followers of Tinubu are ignorant of economic systems

You comment is far more ignorant than what he said. When you criticize something do it on the basis of available facts not on emotion or party and tribal affiliation.

What business does the man even do? The supermarket he was running in the UK flopped, the only other business is one super market in Abuja, there are very many ordinary folks who own supermarket, so not exactly a spectacular business model. What exactly is his business if I may ask?

FatimaAbubakar:


Obi who you call a daft illiterate is an international business man, former governor and a billionaire. What about you? You're wretched and living in a one room apartment, struggling to survive. This shows that you're worse than a daft illiterate.

9jatriot:
What business does the man even do? The supermarket he was running in the UK flopped, the only other business is one super market in Abuja, there are very many ordinary folks who own supermarket, so not exactly a spectacular business model. What exactly is his business if I may ask?

What he proposed would have been a death knell for the Economy. We would have joined the league of Venezuela and Zimbabwe.
Tinubu will be vindicated eventually for taking necessary but difficult decisions avoided by previous administrations.

Buhari was borrowing mostly to build railways and infrastructure, even then the economy took a hit, but lamba king is proposing that we borrow money and then start using the money to defend the naira. What then happens when the money finishes?

Abeg if na this kind man wan be president, make Buhari come back instead;

Tinubu's reforms are bold and only few people have the courage to do something like this.

ElSudani:


What he proposed would have been a death knell for the Economy. We would have joined the league of Venezuela and Zimbabwe.

FatimaAbubakar:


Obi who you call a daft illiterate is an international business man, former governor and a billionaire. What about you? You're wretched and living in a one room apartment, struggling to survive. This shows that you're worse than a daft illiterate.

SHUT UP YOUR FCKING LIPS.

OBI IS A CRIMINAL WHO WAS APPOINTED BY DICTATOR SANI ABACHA TO HEAD LAGOS PORT, WHERE HE MADE MILLIONS OF DOLLARS THROUGH BRIBERY AND CONTRABAND, WHICH ALLOWED HIM ENTER POLITICS AND LOOT MORE MONEY AS GOVERNOR OF ANAMBRA STATE.

“INTERNATIONAL BUSINESSMAN” MY FOOT.

9jatriot:
What business does the man even do? The supermarket he was running in the UK flopped, the only other business is one super market in Abuja, there are very many ordinary folks who own supermarket, so not exactly a spectacular business model. What exactly is his business if I may ask?

His “business” is scamming the public into thinking he’s a Messiah.

He wants to become president and DESTROY the country, so that IPOB can pat his round head.

That’s why he said he wants a “religious war” in the country maybe after TANKING the economy with his Onitsha market Economics of borrowing dollars to stabilise the Naira.

Topman7:


SHUT UP YOUR FCKING LIPS.

OBI IS A CRIMINAL WHO WAS APPOINTED BY DICTATOR SANI ABACHA TO HEAD LAGOS PORT, WHERE HE MADE MILLIONS OF DOLLARS THROUGH BRIBERY AND CONTRABAND, WHICH ALLOWED HIM ENTER POLITICS AND LOOT MORE MONEY AS GOVERNOR OF ANAMBRA STATE.

“INTERNATIONAL BUSINESSMAN” MY FOOT.

He is a billionaire while you live in a one room apartment. Shikena.

Obi is not your problem.
Face the urchins who created the problems 🙄😒😒

Blessedman98:
Your Chicago accountant does not even know what it means to defend the Naira,

Your Chicago accountant is a bringer of death

You mean his god?

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

Lol. Talk about the daft one that has tanked everything.

Benoxvals:
What would you have done differently?
Counter him with your economic plans.

there is nothing to counter.
The currency is going through depreciation, the worst thing anyone could do is to borrow.

If he doesn't know, he could just say he is not an expert in this field but he will work with competent hands to salvage the issue

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

They think they can whitewash their support for failure and criminality which shows exactly the kind of people they are by attacking Peter Obi. Very funny

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

If u want to understand why nigeria is rapidly retogressing understand how we spend our foreign currency reserve.

Ordinary trader masquerading as an economist!

Tinubu is doing the right thing! We can't continue subsidising the exchange rate with money meant for development; subsidisation regime must come to an end.

Electricity, exchange rate, Pilgrimage, and petrol subsidies must go; if government wants to subsidise, it should be basic things like food, education, and shelter

Blessedman98:
Your Chicago accountant does not even know what it means to defend the Naira,

Your Chicago accountant is a bringer of death

Is only a fool that believes in defending own local legal tender with loans

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

You dey vex me oooo.

Were you expecting anything meaningful from a 3rd Class Philosophy graduate?

Beer parlour Economists are complaining that FG is borrowing money to build infrastructure m, one nonentity said he will borrow money to subsidise the Naira against international currencies. How else do you describe a mentally unstable nincompoop?

Shawarmagirl:
Please somebody should warm soup and epa give this fellow. Is obvious, the garri he has been drinking is affecting his thinking.

but he is right.
U can't borrow to defend a depreciating currency

Shawarmagirl:
Please somebody should warm soup and epa give this fellow. Is obvious, the garri he has been drinking is affecting his thinking.

I think you are the one that needs psychiatric evaluation just like Bitter Obituary who is thinking like a mentally challenged idiot that he is. How can you be thinking of borrowing money to defend your local currency against international currencies ?

Do you know how much Tinubu has borrowed yet nothing to show for it.if you borrowed to support the Naira,let say exchange rate comes to 800 naira.if you sell crude to Dangote at 800 per$ Pms will be sold at 400 and diesel about 500,kerosene about 500 naira that alone has brought alot of succour to Nigerians. Secondly many manufacturing company will do well and create employment, thirdly you increase tax on imported goods and reduced tax on exportating goods. With this singular act Nigerian problems are solved by 50%

flokii:
You heard them calling someone "warehouse economy".. you should know the 'gbaju e' is a complete ol0do. In his small mind, Nigeria can be likened to his Next supermarket warehouse where he does all the wuru wuru he likes.

The only pain he has is that he can't corner all Nigeria's resources to his Igbo ethnic group alone and build a war chest full of money to break out biafra, that is the only thing paining Mr. Obi.. all the nonsense the ol0do is writing are meaningless.

You bigotry is Well laid out here- All your basis for hating Obi and his kinsmen. Very good bro.

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

so, you have still not cured from your madness yet . Face Tinubu your one and only president and leave Obi alone . Thank God all you emilokans are feeling the heat now . This is a payment for your stupid tribalism and bigotry .
Thank God, the hatred among Tribes have subsided a bit .This is because, hunger knows no Igbo, Hausa or Yoruba . Una go hear am. Continue with this una madness ..Na hunger 405 go cure you and your likes because Tinubu just got started with Nigerians.. Right now, we are in hunger 101. Hahaha! Ewilokan ool!

richmond500:
I think borrowing money to save money isnt a smart move.
If I was the president, I'll do the same thing that Tinubu did but I won't implement all the policies at once, he was heartless in executing these policies but it's the best policies, punishment that we are suppose to suffer for 10yrs, Tinubu is making us suffer everything in 4yrs, that is not a wise thing to do, but it's still better than using money to save money

Borrowing to defend the Naira is a smart move. You can borrow to keep the Naira even as you simultaneously fix the economy (refineries). That's the smartest thing to keep Nigerians alive/afloat.

Tinubu has borrowed more money in the last 12 months than any past government has ever done in 42 months. To what end? A fraudulent "man know man" coastal road contract that cost over a trillion naira? Yatch? Private jet? Vice presidential villa? Bags of rice? 🤣

Let this sink in again:
Tinubu is not defending the Naira
Tinubu is not paying subsidy on petrol
But Tinubu is taking loans faster than a Palmpay addict.

OkCornel:
The silver bullet is the crude supply in naira to local refineries.

Fixed naira price of crude will stabilise the currency.

Spot on! Very true

Cajal:

Is only a fool that believes in defending own local legal tender with loans

Lol.. The idea baffles me oh

Acidosis:


Borrowing to defend the Naira is a smart move. You can borrow to keep the Naira even as you simultaneously fix the economy (refineries). That's the smartest thing to keep Nigerians alive/afloat.

Tinubu has borrowed more money in the last 12 months than any past government has ever done in 42 months. To what end? A fraudulent "man know man" coastal road contract that cost over a trillion naira? Yatch? Private jet? Vice presidential villa? Bags of rice? 🤣

Let this sink in again:
Tinubu is not defending the Naira
Tinubu is not paying subsidy on petrol
But Tinubu is taking loans faster than a Palmpay addict.

Jesus, do u even know what is going on in Nigeria abi u just felt like defending a politician? What we are suffering is depreciation of the local currency, and one of the reason why a currency goes through depreciation is accumulation of external debt.

You think borrowing and incurring more debt is the best solution?
Sometimes it's better to understand the problem before defending our politicians.

RevDesm0ndJuju:
Borrowing money at interest to defend the naira ?

Obi has shown with that statement that he is more interested in sustaining an unsustainable import based economy, since an artificially propped naira will benefit only importers like himself.

How sustainable is this?

How can an import based economy provide jobs and enhance local production ?

Will this not lead to more trade deficit and turn Nigeria to a dumping ground and stifle local industries? And in no due time see to dwindling of FX earnings ?


Someone rightly said here that Obi is not a businessman but a mere trader. He was right.

Another poster here once related how Shagari's govt on the urging of Alex Ekweme liberalised importation in the 80s by lifting the ban on importing certain products produced locally and how that dissatrous policy saw to many local companies struggling.

I have said it here that the SE business model of importation has done a lot of damage to our local industrial base.

This is the same Obi that has been telling us he wants to move Nigeria's economy from consumption to production but here he is now promoting more importation by defending the naira through borrowed FX?

Hey, are you serious?

Topman7:


His “business” is scamming the public into thinking he’s a Messiah.

He wants to become president and DESTROY the country, so that IPOB can pat his round head.

That’s why he said he wants a “religious war” in the country maybe after TANKING the economy with his Onitsha market Economics of borrowing dollars to stabilise the Naira.

richmond500:
Jesus, do u even know what is going on in Nigeria abi u just felt like defending a politician? What we are suffering is depreciation of the local currency, and one of the reason why a currency goes through depreciation is accumulation of external debt.

You think borrowing and incurring more debt is the best solution?
Sometimes it's better to understand the problem before defending our politicians.

Why is Tinubu borrowing aggressively like a palmpay addict? Just 3 days ago, he borrowed $6.4 billion from the Word Bank. Under 1 year, he has also borrowed over 20 trillion Naira from domestic investors. Another 2.9 trillion Naira loan from the CBN was obtained before May. Are you still against loans?

Acidosis:


Why is Tinubu borrowing aggressively like a palmpay addict? Just 3 days ago, he borrowed $6.4 billion from the Word Bank. Under 1 year, he has also borrowed over 20 trillion Naira from domestic investors. Another 2.9 trillion Naira loan from the CBN was obtained before May. Are you still against loans?

I am against loans, unlike u, I didn't defend Tinubu blindly.
The difference is that Tinubu didn't borrow to fight depreciation, Obi is very daft

This is where we always get it wrong: the issue is not about Obi, but bad policies and implementation causing untold hardship. Tribal sentiments won't solve the matter. Nonetheless, the president can't face half the interviews Obi faces, about economics engineering and systems for sustainable growth and development; he dodges it. Too bad this is where we are - tribal sentiments and urgent 2k deluding us from realities

helinues:
Make una try and watch any of Obi's interview or debate discussing about economy, una go vomit sha ni as dude don't even know the basic terms in economy

Jerchance:
This is where we always get it wrong: the issue is not about Obi, but bad policies and implementation causing untold hardship. Tribal sentiments won't solve the matter. Nonetheless, the president can't face half the interviews Obi faces, about economics engineering and systems for sustainable growth and development; he dodges it. Too bad this is where we are - tribal sentiments and urgent 2k deluding us from realities

Obi dont even know the basic terms in economy. How can such person make any difference?